The entries for opening day at Churchill are up, and there have been some changes to the wagering menu.
Starting in Race 5, there will be a $.10 Jackpot Pick 7.
Who wants this? Who was asking for this? Who sat down and said "This is what we need!" This baffles me to no end.
Now, thankfully, they've converted the Pick 6 from being a Jackpot wager to a standard $2 bet, having two multi-race Jackpot bets going simultaneously is something I'm just not prepared for, but my questions still stand.
The wagering menu has just gotten stupid. Race 4 starts a Pick 4, Race 5 starts the Lucky 7, Race 6 starts the Pick 6, Race 7 starts the Pick 5, and Race 8 starts another Pick 4. Throw rolling P3s and Doubles on top of that and you've got simply TOO MANY MULTI RACE BETS. There's only so much you can do with what is seemingly a bajillion high rake, low churn wagers.
Handle is going down, and the number of high-rake wagers is going up. This is like running a buffet with bad food, seeing less people eating, and deciding the solution is to put out more food, even if it's just as bad as the food you were already serving. Racing isn't lacking in wagering options. At all.
If racing thinks more Jackpot wagers with 50%+ effective takeouts are the way to go, then so be it. I just hope they aren't surprised when handle keeps dropping.