Betmakers Adds Penn To Fixed Odds Lineup

BetMakers Technology Group will add racing content from Hollywood Casino at Penn National Race Course to the growing slate available for fixed odds betting on MonmouthBets, the organization said in a release early on Wednesday morning. Through an exclusive license, the agreement between Penn National's parent company PENN Entertainment and BetMakers facilitates the delivery of content for fixed odds betting from Hollywood Casino and anticipates the addition of other PENN Entertainment racetracks in the coming months pending required horsemen and racing commission approvals. "We are very happy to work with...

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Monmouth And BetMakers Continue Partnership; Fixed Odds Sought According To Survey

Monmouth Park and BetMakers Technology Group will partner for the fourth straight year as sponsors for the $1 million "BetMakers Bonanza" bonus for the connections of any horse that sweeps a series of three designated races, the organizations said in a release Friday. To earn the seven-figure bonus, a horse has to the win the GI Haskell S. at Monmouth Park on July 22, the GI Travers S. at Saratoga on Aug. 26 and the GI Breeders' Cup Classic at Santa Anita on Nov. 4. "As part of our...

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BetMakers Launches Fixed Odds Mobile App

MonmouthBets, the first legal and regulated mobile application for fixed odds betting on horse racing in the United States, has launched announced BetMakers Technology Group Friday. Approved by the New Jersey Division of Gaming Enforcement, the MonmouthBets app is now available for New Jersey residents to accept wagers on mobile devices ahead of Monmouth Park's 78th season beginning Saturday, May 13. In addition to being able to place bets on Monmouth Park races, New Jersey horseplayers can now place fixed odds wagers on races from Tampa Bay Downs, Canterbury Park,...

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Fixed-Odds Era Begins at Monmouth

OCEANPORT, N.J.-With a steady stream of customers showing up at the fixed odds windows, Monmouth Park's bold experiment with a new form of wagering the track hopes will energize the sport began Sunday. Fixed-odds betting was supposed to begin a day earlier, but the opening day of the 2022 meet was canceled due to bad weather. Monmouth did not release figures regarding how much was wagered on the fixed-odds bets, which made it difficult to assess how successful it was on day one. Because the bets are only available at...

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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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Christian Stuart Named BetMakers North America CEO

BetMakers Technology Group Ltd has named Christian Stuart its Chief Executive Officer of North America. Stuart has previously held multiple executive leadership positions with Caesars Entertainment Inc., the largest gaming company in the U.S. "We have been investing heavily in the U.S. market for the past three years while at the same time building up a U.S.-focused management team," said Todd Buckingham, BetMakers' Group CEO and Managing Director. "As a next milestone in these efforts, I am excited that Christian is joining the BetMakers leadership team as CEO of North...

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BetMakers' Dallas Baker Talks Fixed-Odds Wagering On Writers' Room

Sorely needed in the American horse betting landscape, fixed-odds wagering--bets where the player is guaranteed the odds displayed at the time he or she bets a horse and isn't affected by late parimutuel odds drops--is set to debut in the States later this month at Monmouth Park via Australian bookmaking company BetMakers. Wednesday morning, BetMakers' head of international operations Dallas Baker joined the TDN Writers' Room presented by Keeneland to discuss the logistics of implementing a fixed-odds system to try to replicate its success in Australia, how confident he is...

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Fixed-Odds Wagering Bill Passes in NJ, Expected to Begin Haskell Day

A bill legalizing fixed-odds wagering on horse races was passed unanimously by both houses in New Jersey and will now go to Governor Phil Murphy, who is expected to sign it. Expectations are that fixed odds betting will begin July 17, the day of the GI Haskell S. at Monmouth Park. "We've been pushing hard to get it up and running by the Haskell," said Dallas Baker, the head of international operations for the Australian firm BetMakers, which will operate the fixed- odds betting. "That's always been our goal....

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Authentic Earns $1M BetMakers Bonus With Classic Win

With his victory in Saturday's GI Longines Breeders' Cup Distaff, Authentic (Into Mischief) earned a $1-million bonus for his connections from Australian-based racing technology group BetMakers. In conjunction with Monmouth Park's Dennis Drazin, BetMakers created the 'BetMakers Bonanza' for any horse that could win the 2020 renewals of the GI Haskell Invitational, the GI Kentucky Derby and then finish it off with the Breeders' Cup Classic. Authentic went wire to wire to score in the 10-furlong test by 2 1/4 lengths. "With all the winners of the majors competing in...

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Bill to Authorize Fixed-Odds Wagering Introduced in New Jersey

New Jersey moved one step closer to becoming the first state in the country to allow fixed-odds wagering on horse races when a bill that would authorize that form of betting was introduced in the New Jersey Legislature Thursday. The bill was introduced by New Jersey State Senator Vin Gopal and an identical bill has been sponsored by Assembly Gaming Committee Chairman Ralph Caputo and Deputy Republican Leader Assemblyman Ronald Dancer. With the bill enjoying bipartisan support, expectations are that it will pass and will be signed into law by...

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BetMakers To Sponsor $1M Bonus For Haskell, Derby, Classic Sweep

BetMakers Technology Group will sponsor a $1-million bonus for any horse that manages to sweep the GI Haskell S., the GI Kentucky Derby and GI Breeders' Cup Classic. The promotion will be known as the 'BetMakers Bonanza.' Todd Buckingham, CEO of BetMakers, confirmed that they will offer the bonus structure for the next three years. "We are delighted to sponsor this bonus for the next three years and hope it can attract the best horses to attempt the lucrative quest beginning with the Haskell at Monmouth Park this year,"...

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