|One NHC contest hub lower fees|
Entries from two contests this past weekend were reflective. The HorseTourneys.com NHC qualifier on Saturday drew 163 entries (some players played multiple entries) for three NHC seats, while Sunday's $160 NHC qualifier at NHCQualify.com drew 162 entries for just two NHC seats. NHCQualify.com, much like HorseTourneys.com, gives away 1 NHC "seat" per 60 entries and so-called "breakage" refunds as well to the top non-qualifiers, but contests have been known to easily draw 200-300 entries in the past.
Perhaps last weekend's lackluster turnouts were anomalous or an improper anecdote, but I would argue that either Tour players needed a respite after the Saratoga and Del Mar seasons, or more likely that players can only allocate so much bankroll to contest play and are spread thin by the rise in tournaments, and therefore more selective about which contests to play in general. When I joined the NHC Tour in 2010, there were only 300 seats available to the NHC, and NHCQualify.com was the primary online contest site, charging $100 for its lower-cost events. Today, however, there are 500 seats available and more competition.
These support my observation of "irrational exuberance," whereby supply is outstripping demand. Not that the demand is not there, but in what I would still consider a recessionary economic environment and with contests costing upwards of $1,000, players can pick and choose when they play in NHC qualifiers.
"(Co-Director) Ron Geary and I have always committed to lowering prices per additional inventory," said Smith, who noted that HorseTourneys.com also had its allotment of NHC "seats" upped to around 80 (from 65-70 seats earlier). "All in all, I felt getting into the sub-$150 range per entry was where we needed to be. I also like the idea of having the lowest feeder tier under $20; that is accessible to absolutely everyone."
Whether the lower-fee approach as a trade-off to a slightly lower-percentage chance of Tour players qualifying for NHC XIV pays dividends remains to be seen, but I will continue my bid to accrue entries to HorseTourneys.com qualifiers through their scheduled November 24 finale as, for me, there is only one more on-track event for the remainder of 2012 (the Monmouth-Woodbine Challenge: Sunday, September 16).
With the NHC Tour season approaching the three-quarter pole, it will be interesting to watch whether HorseTourneys.com's gambit prompts more entries and/or other venues to reduce their contest entry rates, or whether lower online tournament turnouts (and more unclaimed NHC seats) will continue, perhaps prompting some "last-chance" tourneys to pop up in the December-January time frame when the contest schedule really thins.