The re-opening is scheduled for a date in September, I think a little ahead of the planned October re-opening. I guess no construction delays.
It's a complete revamping of what was a new Belmont Park that opened in 1968, that replaced the prior, even older Belmont Park. Belmont Park goes way back. My story with it starts at the re-opening in 1968.
The New York Times front page story on Wednesday is about a police chief losing $4.5 million and never leaving his home or office It was all done on his phone, with Draft Kings and Fan Duel apps, financed by money stolen from the New Haven, Connecticut police department. A Police Chief's $4.5 Million Gambling Secret: 'It's on the App.' Online, phone/app betting is the cocaine of betting.
Chief Karl. R. Jacobson never set foot in a casino, racetrack, or made calls to a bookie who would extend credit, to a point, but then would become threatening to Karl's joints if payments were not kept up. No, Karl's bets were in effect cash from his accounts with Draft Kings and FanDuel, taking action on sports, significantly NOT horse racing.
No one loses $4.5 million betting on horse racing these days. And therein lies the ignorance of the folks at NYRA who think they are running some kind of Disney attraction geared to attract the young and beautiful from New York Times style pages wearing Kate Middleton fascinator hats— is it Generation Z?— to a venue that has been perpetually frequented by single, male bettors over 40, of a vast ethnic background who are now disappearing into graveyards and assisted living centers.
NYRA has never understood who its patrons are. All you have to do is look at the ads for Belmont Day at Saratoga to realize that NYRA has an idealized view of who comes to the racetrack.The racetrack is a venue for gambling that has been losing out to lottery tickets, brick and mortar casinos, online casinos, online sport betting apps, and now prediction market platforms: "Will Trump introduce his son at the State of the Union Address?" It is pathetic.
Betting revenue feeds the purses, and the purses at NYRA are tanking all year. There are $10.000 claiming races, unheard of but a few years ago. Thoroughbred foals are coming into the world in decreasing numbers. NYRA runs 4 days a week, often with fields of fewer than 5 horses in a race. The other day, for an $88,000 purse, only two horses were lead into the starting gate. TWO! A match race created by scratches. There was betting. NYRA has to take every opportunity there is to take action.
As such, they allowed, and now have pulled back on, Computer Assisted Wagering, or CAW. This lets the whales bet via telecommunications to bet massive amounts on a race, often loading the bet in so late that post time odds of 5-2 can flash down to 9/5, or lower, as the gates open and no one can bet anymore. There was always a thought that the bets were allowed after the gates opened and the desired horse got out of the gate cleanly, a fraction of a second after the gates open—past posting.
NYRA claims to have taken precautions to past-posting betting, and now limits the races that CAW can dump money though the board. CAW accounts get a 10% rebate on their volume. All they have to do is make enough correct bets to break even or better, then gain a 10% rebate on their aggregate betting. With clever betting, it is not hard to break even over time. When I was betting perhaps 30 days a years at NYRA tracks, I might have finished the year with a $200 deficit. Not bad for a casual player.
With the re-opening approaching and anticipation building to see what the new place will look like, I registered my email to get Belmont Track Updates. I've been trying to find out how NYRA will price its admissions and seats. I've gone to Saratoga for the last 20 years plus (not last year) and was very familiar with NYRA raising admission prices and securing reserved seats.
I minded, but the effect of their pricing didn't dampen my attendance. Saratoga was a planned vacation. And when you're on vacation, you spend money you ordinarily don't.
The Saratoga patron who is not from downstate contrasts greatly with someone from downstate, who might not be a gambler but rather will accept the definition as "horseplayer:" Someone who revels in handicapping and trying to leverage betting. In the years I attended Saratoga for 4 straight days of betting, the most I ever lost betting was $60 for the four days, often netting a profit of between $60 and $150: a casual "horseplayer."
My friend and I would pay for Foustardave seating and were constantly in awe of all the people who walked by without even a program, let along a Racing Form. They were however a very well-fed group who seemed to enjoy eating in the atmosphere of the racetrack rather than in handicapping. There was always a line for the mac n' cheese truck parked outside the Fourstardave.
Saratoga Springs boasts no beaches or professional sports of any kind. There is night trotting racing, but little to compete with Saratoga when it's open other than the library. Upstaters understandably flock to Saratoga Race Track for diversion and recreation. And a place to eat.
Since my quartet of race-going friends—which is now three due to a death last June—have been looking forward to Belmont's re-opening, I've signed on for the Belmont newsletter. Yesterday, one landed in the in box.
And therein is a clue to NYRA's mentality that they've built a venue that should attract a premium dollar. The drawings show a lush, clean, new atmosphere that seems worthy of the wait for the re-opening. I'm looking forward to it. But not what I anticipate pricing that will greatly discourage this retiree, Senior Citizen, from any kind of repeat attendance.
The NYRA newsletter shows an ticket option that includes 20 days of racing admissions, (some "marquee dates"—other than the Belmont Stakes admission and seats, for which you get "priority" in ordering tickets for that bad boy) with a daily credit of $25 for food and beverage, in "seats with backs" (I kid you not.) for what amounts to $981, just short of $50 for each admission to get a seat "with a back." Toilet sets have no back. So far they're free. Maybe.
That squares with my guessing that the new Belmont will require at least a $10 admission fee, and at least $15 for a seat that used to be free. The seats were always free because no one was ever there. You could set off explosives in sections of the old Belmont, and not hurt anyone. And now they think because they "built it, they will come." Delusional thinking.
There is an even more exclusive option to obtain multiple seats in a box. I didn't go through with the pricing on that one. Whatever it is, it is delusional.
But NYRA's not really stupid. They convinced New York's Governor Kathy Hochul to fork over a publicly financed $455 million loan to complete the re-build to attract the imagined beautiful people who will descend on the place and enjoy themselves, which will only occur one day a year, the Belmont Stakes Day. (2027 Breeders' Cup day is handled by the Breeders' Cup people)
Governor Hochul has fallen for NYRA's line about being good for employment. With public money, she is financing a renovation that really rebuilds Belmont as "Big Beautiful Belmont" (it is) as an automatic white elephant, to be run as a self-serving club for the people appointed to run it.
Going to Belmont in the years before the renovation, there was always a reserved section on the third floor of the clubhouse area adjacent to the boxes. As close to the finish line as you could get without being in a box. There was always an attendant to check those who were going to be seated there for their ticket. They were the only person in the section for the entire card. There was no need to "buy" a seat when the rest of the seats were available. Now I guess NYRA wants then all to be reserved, like Saratoga. Belmont is not Saratoga. But after all, a "seat with a back" is worth a premium I guess.
Belmont is not a vacation destination. Downstate horseplayers have been getting free admission to Aqueduct, with free parking for years The sparse crowd—and if it looked big, it was only because everyone was shoehorned into a small section of the second floor—was there to basically use automated machines to even get a voucher, and machines to make bets. It was gotten used to. Live cashiers were barely existent.
Belmont is not in New York City. It is in Elmont, New York, just over the Queens border. No subway goes there. But the LIRR has a dedicated station with service from Jamaica or Penn Station straight to the track. A commuter train's version of what was once The Subway Special to Aqueduct from Times Square, 42nd street, or Hoyt-Schermerhorn Station in Brooklyn. A special $1.50 token was what you needed.
If you don't drive and park at Belmont (whatever that's going to cost you) you might get there by a Nassau County bus along Hempstead Turnpike, or take the LIRR. But at what fare? LIRR at least has a Senior Citizen fare. NYRA does not. Never did.
With their continued short sighted mentality of who is really going to come to the racetrack, that loan may fall in arrears. But hey, NYRA has been playing with public money for years to keep an insular game going that is really run for the benefit of the owners, trainers, jockeys, backstretch workers, breeding industry, and those interests on the Board of Trustees. If it were to disappear, I would miss it, but I'd move on.
We'll see how much longer I'll get to enjoy handicapping at the racetrack. The kitchen TV and computer work just fine for me.
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