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Fourth, the presumption that an exercise is carried on for revenue if it actually shows a revenue in three of five years. Aha! You suppose, I can present a $100 profit in every of three years and a $10,000 loss in every of the opposite two. Nope. The relative measurement of the income and losses can also be related. A presumption is just that, a presumption. With presentation mode, get feedback as concepts take form with out the trouble of creating slides.
Because almost 90% of the money bet on racing is wager off-track, the web takeout retained by a observe that actually phases racing tends to be decrease than the deal with retained by the ADW wager-takers, who pay solely a fraction of that takeout to the sending observe. For instance, CDI’s dwell tracks reported solely a net revenue margin, or takeout, of 10.1% in 2016, whereas Twin Spires reported a margin of 18.4% on its handle. If that is true across the business, then both (a) there’s room for substantial takeout reductions, since ADW margins are means too excessive, or (b) the tracks that actually placed on racing should improve their charges to the simulcast retailers. Or both.
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