Quote:
Originally Posted by DIRT-TRACK-JUNKIE
I would like to thank Joe Spiker for wasting everyone's time, gas, & money for showing up to Putnamville tonight. There was no effort at all for getting in tonight's race.....a red flag and some sprinkles & we're done. It hasn't rained a drop since he pulled the cars off the track, when I left..... Did you sell enough hot dogs & beer Joe, I mean, You were still selling them after you called the race!?!?!? It's Saturday, we are all ready there so at least TRY to get the d@mn race in
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The person who lost the most money on this deal was Joe Spiker. A rain out is a money losing propostion for a race promoter.
Several years ago, a promoters right hand man at a couple of tracks in DFW got on a local forumn to discuss what happens when there is a rain out. The information is a couple of years old but it is all still relevant.
Re: WHAT'S THE MOST $$$ A DFW AREA DIRT TRACK HAS MADE
by ReggieF » Thu Jul 29, 2010 8:04 pm
Now let's talk about a rainout.
Insurance - (Note the insurance has to be in the mail before the race night for an established promoter. A new promoter often must have his check to the insurance company before the date of the races)
When you call the rainout is important.
No one in the pits - your entire premium can be applied to the next race night
Open the pit gate - 25 to 30% of the premium forfeit
Hot Laps - 50-65% of the premium forfeit
Any race takes a green flag - 100% of the premium forfeit
C-Stand - about 25-35% of your concession stand supplies for the night cannot be saved and reused. Throw them out or eat a lot of burgers.
Staff costs - most track staff get paid nothing on a rainout, maybe half pay if the races have started.
Security, ambulance and often c-stand workers get paid for the hours worked.
Depending upon the track and locations - you may have to pay a full night ambulance fee. That was the requirement at NTMS which was expensive. Once the ambulance left Tyler for NTMS - we had to pay a minimum 8 hours at $85 per hour.
At a minimum - 40% of the race night costs without the purse is what a rainout costs you. That does not include any weekly costs which are almost all wasted.
You also loose between 3 and 5% of your potential yearly income with a rainout. If you get six rainouts per season - your yearly gross have been cut by 20 to 30%.
You can never make up that income.
The absolute worst for a promoter is to have a rainout after the races have started. The next week the pit gate income will likely be below $700 as everyone comes back with their armbands from the previous week. Probably half the front gate crowd will get in free.
So you've taken two nights income and barely get enough for one good night. You have your good race night full expenses and 30% of the previous rainout night expenses.
Money loser anyway you look at it.
The entire thread can be found at:
http://www.elbowsup.com/viewtopic.ph...31610&start=10