The Week in Review: Industry Needs to Embrace Fixed-Odds Wagering

Monmouth Park announced last week that it will begin to offer fixed odds wagering starting May 7, opening day of the meet. That was the good news. The bad news was that fixed odds betting will begin with a cautious rollout and without the major players in the sport on board. Starting Saturday, bettors on-track at Monmouth will have the choice of making traditional pari-mutuel bets or placing fixed odds wagers. Two areas of the track will be designated for fixed odds and the bets can only be made through...

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RMG and Flutter Form Partnership Agreement

Racecourse Media Group (RMG) and Flutter Entertainment have agreed to a long-term partnership through 2028. RMG, a media and data rights holding company owned by 34 racecourse shareholders, and Flutter, which is the parent company of Paddy Power, Betfair and Sky Bet's agreement will involve streaming rights and other key areas of the RMG business. RMG and Flutter will work together to leverage the latter's marketing and promotional assets to grow turnover, engagement and interest on racing conducted by RMG's racing product. Martin Stevenson, CEO of RMG said, "We are...

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Racing Staff Week Returns

Racing Staff Week kicks off with the launch of Ascot's Champions Day meeting Saturday. In its fifth year, Racing Staff Week, recognizing the contribution of the industry's workforce, including stud and stable staff, breeders, racecourse staff and administrators, is supported by Betfair through the efforts of Racing Welfare. Racing Welfare will have a presence on all courses that have meetings throughout the week, including 'The Big Racing Staff Week Quiz,' offering staff the opportunity to come together either in person or virtually Oct. 21. Hosted by racing presenters Niall Hannity...

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Monmouth Seeks New Partner to Keep Exchange Wagering Alive in New Jersey

In the wake of last week's news that Betfair intends to pull the plug on its exchange wagering platform in New Jersey on Oct. 1, Dennis Drazin, the chairman and chief executive of Darby Development LLC, which operates Monmouth Park, told the New Jersey Racing Commission Sept. 16 that his track is actively seeking another partner to continue the bettor-versus-bettor style of wager-matching that is popular in other parts of the world but hasn't quite caught on in America. "Although they want out of business, we do not," Drazin said....

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Betfair to Pull Plug on NJ Betting Exchange

Beginning Oct. 1, Betfair will no longer accept exchange wagers from its New Jersey customers, ending a brief and unsuccessful experiment in the U.S. for a form of wagering that couldn't overcome a number of obstacles that stood in its way of success. Founded in 2000, Betfair introduced exchange wagering in the U.K., where it proved to be wildly popular. A betting exchange is a marketplace where customers set their own odds on a horse. If someone accepts those odds, the bets are matched. This also allows customers to act...

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Round Two of Racing Welfare's Best Turned Out to Be Held at Newbury

Round two of Racing Welfare's Best Turned Out award series will be held at Newbury on June 13, Racing Welfare announced on Tuesday. Supported by Betfair, the charity has selected the It's Not Rocket Science with MansionBet H. S. as the next race in the series and all yards with a runner are offered the chance to submit a shrot video clip or image of their preparations for the public to vote on. Voting will begin at 6 p.m. on June 12, and end at the start of the race...

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Sea the Stars's Terebellum On Top In the Dahlia

Strongly-supported for Saturday's G2 Betfair Dahlia Fillies' S. at Newmarket, Godolphin's G2 Prix de la Nonette winner Terebellum (Ire) (Sea the Stars {Ire}) justified the burden of 10-11 favouritism to provide Frankie Dettori with his first winner in the royal blue since 2012. Travelling smoothly in mid-division early, the bay moved to Magic Lily (GB) (New Approach {Ire}) and into the lead passing the two-furlong pole before holding Queen Power (Ire) (Shamardal) to score a shade comfortably by 1 1/4 lengths. Making a bold impression with a 4 1/2-length winning...

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13 Compete for RW's Best Turned Out Award

A total of 13 horses were declared for the June 6th G3 Betfair Supports Racing Welfare Palace House S., with all the yards in with a runner invited to submit a short video clip or image of their preparations in the lead up to the race. The Racing Welfare Best Turned Out Award winner will be decided by public vote via Racing Welfare's website, with voting open from 6 p.m. on June 5th until the start of the race. Racing Welfare's Chief Executive, Dawn Goodfellow, praised the partnership, saying, "We...

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Racing Welfare to Award Best Turned Out Prize in Palace House S.

Racing Welfare's Best Turned Out, supported by Betfair, will see the charity award the BTO prize in the G3 Palace House S. at Newmarket on Saturday, June 6th, the charity announced on Sunday. The race has been renamed the G3 Betfair Supports Racing Welfare Palace House S. in honour of the initiative. All yards with a runner in the race will be offered the chance to submit a short video clip or image of their preparation in the lead up to the race, with the winner determined by public vote...

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Betfair, Betway Join Qipco As Guineas Meeting Sponsors

Bookmakers Betfair and Betway are among the sponsors to join QIPCO in supporting Newmarket's four-day Guineas Festival on June 4 to 7. QIPCO remains the meeting's title sponsor and supports a variety of races over the weekend including the G1 2000 and G1 1000 Guineas. Betfair will support the additional races on the Saturday and Sunday cards, while Betway sponsors the Thursday and Friday cards. Friday's G1 Coronation Cup, moved from Epsom, will be sponsored for the first time by Sam Haggas's Hurworth Bloodstock. The 2000 and 1000 Guineas will...

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Flutter, Stars Group Merge

Gaming conglomerate Flutter-parent company of Paddy Power, Betfair and FanDuel-has purchased all shares in The Stars Group, owner of Sky Bet. Racing Post reports the two companies had a £10.5-billion combined market value at the time the deal was done. The companies' combined annual revenues in 2018 would have totalled £3.8-billion, making it the world's largest online betting and gaming operator.

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