HORSEPLOP.COM

General Category => Harness Racing => Topic started by: bond on August 23, 2026, 10:22:07 AM

Title: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: bond on August 23, 2026, 10:22:07 AM
 
From what Im reading-harness tracks at Yonkers and Roosevelt Raceway used to have great handle. Then along came the Casino and Joe Faraldo and his cronies—and things changed. Joe worked out a great deal for horsemen-but at the detriment for gambling and its core base of punters who liked to come to the track and wager— as the incentive to offer a bet able racing product was greatly diminished.
The core reason Yonkers Raceway’s wagering handle now is so staggeringly low—even with an open pipeline for Computer-Assisted Wagering (CAW)—is that systemic structural issues actively prevent massive volume from algorithmic syndicates and human bettors The most critical thing to understand about Yonkers is that its massive purses have absolutely nothing to do with betting interest.
The Slot Subsidy: Thanks to Empire City Casino's incredibly lucrative Video Lottery Terminals (VLTs) located on the property, over 70% of the racing purses are entirely funded by slot machines.
The Payout Disconnect: This creates a bizarre ecosystem where Yonkers offers the richest harness purses in the country, yet the nightly wagering handle is frequently smaller or nearly equal to the actual prize money being paid out to the horsemen. The track is essentially operated as an uncompetitive "television studio" to legally fulfill state casino requirements, rather than a thriving betting marketplace.
 2. The Half-Mile Track Problem (Procession Racing)
Algorithms require unpredictable data, fluid movements, and variable outcomes to gain a statistical edge. Yonkers is an old-school, tight half-mile track that creates highly predictable, unbettable races.
Extreme Post-Position Bias: Horses drawing the inside posts (1 through 3) have an overwhelming statistical advantage, while horses on the outside (posts 7 and 8) are virtually mathematically eliminated before the race even starts.
Lineup-Style Racing: Because the track has small, tight turns, it is incredibly difficult for horses to make a sweeping move from the back of the pack on the outside. Once the gate leaves, the horses quickly fall into single-file order and rarely change positions.
Unbettable Odds: Because the outcome is largely determined by the luck of the post-position draw rather than handicapping, the favorite frequently wins at heavily unplayable, micro-minus odds (like 1-5 or 2-5). CAW syndicates cannot make a profit on horses hammered down to 40 cents on the dollar.
3. Driver Pace Manipulation (The 30-Second Quarter)
Historically, the leading drivers at Yonkers have been heavily criticized for controlling the front of the pack and intentionally dropping the anchor during the second quarter of the race to preserve their horses' energy.
To combat this "procession-style" racing that completely kills public betting interest, track management resorted to desperate measures—including issuing formal memos threatening drivers with fines and suspensions if their second-quarter times are slower than 30 seconds.
When a track has to legally mandate how fast its drivers must go just to prevent a race from becoming a boring parade, human horseplayers abandon the product, and CAW algorithms find zero statistical variance to exploit.Instead of making races longer-like in the Yonkers International Trot-races are kept at the same distance and conditions. Einstein would be laughing as doing the same thing over and expecting a different result-is the definition of stupidity.
4. Punitive Exotic Betting Structures
To make matters worse for the retail public, Yonkers has bucked the industry trend of cheap wagering. While most harness tracks implemented "low-minimum mania" by offering 10-cent or 20-cent exotic base wagers to keep players in the game, Yonkers aggressively raised their Pick 4 and Pick 5 minimum wagers to a steep $1.00 and $2.00 base.
This pricing move effectively priced out casual, small-bankroll retail players. Because a pari-mutuel pool requires a healthy foundation of "dumb retail money" for CAW syndicates to feed on, the lack of everyday human players means the syndicates have no incentive to pump their own millions into a dry, stagnant pool.
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Dingus on August 23, 2026, 10:26:26 AM
On most 1/2 mile tracks your fate is determined 4-5 days before you race.
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: G on August 23, 2026, 10:43:00 AM
I'm going to go on record saying Joe's a good friend of mine and would never do anything to hurt the harness industry that he loves.

You people have no idea the hard work that goes into this that Joe is done behind the scenes.

Yonkers has never been a better place to race thanks to Joe and his accomplishments but you guys wouldn't know that.
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Ignorance Is Bliss on August 23, 2026, 10:49:11 AM
I'm going to go on record saying Joe's a good friend of mine and would never do anything to hurt the harness industry that he loves.

You people have no idea the hard work that goes into this that Joe is done behind the scenes.

Yonkers has never been a better place to race thanks to Joe and his accomplishments but you guys wouldn't know that.

Gina's younger sister's name and what she does....POST IT LYING PANZY.
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Lockedin with Pace on August 23, 2026, 10:53:33 AM
I'm going to go on record saying Joe's a good friend of mine and would never do anything to hurt the harness industry that he loves.

You people have no idea the hard work that goes into this that Joe is done behind the scenes.

Yonkers has never been a better place to race thanks to Joe and his accomplishments but you guys wouldn't know that.


"G" has more good friends than the rest of us combined, only problem is none of them know him from the pile of horse manure on FATSO's farm.
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Ignorance Is Bliss on August 23, 2026, 10:55:56 AM
It's so bad right now even his pal in Albany Gary Pretlow abandoned ship. FACT, right Joe? I also heard you've mentioned me a few times while being questioned.  ngc3
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Sweet on August 23, 2026, 10:57:04 AM
It's so bad right now even his pal in Albany Gary Pretlow abandoned ship. FACT, right Joe? I also heard you've mentioned me a few times while being questioned.  ngc3

 ngc3

They - just - can't - help - themselves - and - never - learn  ngc3
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Dingus on August 23, 2026, 11:24:48 AM
I'm going to go on record saying Joe's a good friend of mine and would never do anything to hurt the harness industry that he loves.

You people have no idea the hard work that goes into this that Joe is done behind the scenes.

Yonkers has never been a better place to race thanks to Joe and his accomplishments but you guys wouldn't know that.

Then why does the paddock look the same as it did in 1990?
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Pacer 2 on August 23, 2026, 11:28:00 AM
Joe Faraldo is a great asset to Yonkers and horsemen.  tmbz1
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: The Unstable on August 23, 2026, 11:30:03 AM
I'm going to go on record saying Joe's a good friend of mine and would never do anything to hurt the harness industry that he loves.

You people have no idea the hard work that goes into this that Joe is done behind the scenes.

Yonkers has never been a better place to race thanks to Joe and his accomplishments but you guys wouldn't know that.

You are delusional.  He has bilked it for much as he can.  Yeesh.
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: The Unstable on August 23, 2026, 11:30:59 AM
Joe Faraldo is a great asset to Yonkers and horsemen.  tmbz1

You sucking up for the people who kill the sport is insufferable. 
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Sweet on August 23, 2026, 11:31:31 AM
Purse money for G's 4  - 10 his horses  ngc3, imaginary standardbreds, friends, lunches, wife, children, homes, success... ngc3

P.s zoom call with ny gov to fix the nyc  ngc3 carriage horse insanity to compete with Mike  tmbz1

 ngc3
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Lockedin with Pace on August 23, 2026, 11:33:36 AM
G claims he was meeting with John Campbell last week to discuss the fate of the Hambo, guess the meeting and lunch were cancelled.
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Sweet on August 23, 2026, 11:39:23 AM
G claims he was meeting with John Campbell last week to discuss the fate of the Hambo, guess the meeting and lunch were cancelled.

Twerpy G tries to ape everything Mike does  ngc3

The day Mike P and John C spoke (fucking real!  ;D)

https://www.horseplop.com/index.php?topic=80985.msg1214177#msg1214177
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Harness racer on August 23, 2026, 11:40:48 AM
Joe Faraldo is a great asset to Yonkers and horsemen.  tmbz1

Only thing he is great at is helping himself and his cronies get rich on state dollars.  He's killing the sport, not helping dummy!
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Sweet on August 23, 2026, 11:43:53 AM
Only thing he is great at is helping himself and his cronies get rich on state dollars.  He's killing the sport, not helping dummy!

 tmbz1

The King of the NY Cash Grab for his fellow Crooks  ngc3
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: seen2much on August 23, 2026, 11:55:02 AM
He hired Dadoyan too. Alex is lazy, plays favorites, doesn't care, and will always have an excuse.
Joe is well aware of the cheating. Used a trainer that got arrested.
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Lockedin with Pace on August 23, 2026, 12:00:00 PM
He hired Dadoyan too. Alex is lazy, plays favorites, doesn't care, and will always have an excuse.
Joe is well aware of the cheating. Used a trainer that got arrested.

According to Yonkers expert horseman "G" he was framed.
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Ignorance Is Bliss on August 23, 2026, 12:02:06 PM
According to Yonkers expert horseman "G" he was framed.

Look at this list of "good friends"  ngc3
(https://iili.io/Ct1VxjV.md.png) (https://freeimage.host/i/Ct1VxjV)
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Lockedin with Pace on August 23, 2026, 12:04:05 PM
Looks like a lunch buffet to me.
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: seen2much on August 23, 2026, 12:05:40 PM
According to Yonkers expert horseman "G" he was framed.

Nothing happens at YR that Faraldough doesn't know about.
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Lockedin with Pace on August 23, 2026, 12:08:47 PM
"G" knows more about everything, just ask him in between lunch dates. Biggest BS-er in Plop history.
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Sweet on August 23, 2026, 12:09:28 PM
Lots happen at Yonkers I'm glad I don't know about  ngc3
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: rainman2 on August 23, 2026, 12:23:36 PM
So faraldo made money on Yonkers like Trump did with the presidency!!
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Sweet on August 23, 2026, 12:46:28 PM
So faraldo made money on Yonkers like Trump did with the presidency!!

Too early on a Sunday for exclamation points, a little peace...  ngc3
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: rainman2 on August 23, 2026, 12:54:19 PM
Too early on a Sunday for exclamation points, a little peace...  ngc3

Its lunchtime not 0800!
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Lockedin with Pace on August 23, 2026, 01:05:59 PM
Its lunchtime not 0800!


It's 8:00 somewhere!
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Sweet on August 23, 2026, 01:07:56 PM
Its lunchtime not 0800!

The entire day is too early, Monday  ngc3
Title: Re: HOW JOE FARALDO TURNED YONKERS INTO A PRIVATE WEALTH FUND.
Post by: Lockedin with Pace on August 23, 2026, 01:29:11 PM
We don't need another 5-page political thread, already enough of them elsewhere.
SimplePortal 2.3.7 © 2008-2026, SimplePortal