betting on horse racing

The issue of computer assisted wagering (CAW) is not new and it is clearly time that it be revisited given the extent to which it has grown. Bettor concerns are valid and the question has always been whether anyone, large or small, is given an unfair advantage that is not available to anyone else. Phrases and words like "racketeering," "pool-rigging enterprise," and "insider bettors" conjure up images of insider trading and criminal activity which, if proven, could then warrant criminal prosecution and make those convicted ineligible for a racing license....

The Tote's Royal Ascot World Pool, which encompassed all 36 races at the meeting and took betting from 20 nations into a single pool, grew 49% from last year with a total £137-million bet. The Tote Win price beat the Industry Starting Price (SP) on 19 occasions across the 36 races and with Tote Guarantee in place the Tote has matched SP on the remaining occasions. This resulted in a 9% higher return on the Tote based on placing a £1 bet on each winner during the week. Alex Frost,...

The Hong Kong Jockey Club and the Dubai Racing Club have partnered to offer World Pool betting for Meydan's Mar. 7 Super Saturday card and Mar. 28 Dubai World Cup meeting. Overseas pari-mutuel wagers placed through partners from Australia, Canada, Europe, Singapore and the U.S. will be commingled into Hong Kong's pools directly or via Premier Gateway International (PGI) during the two Dubai meetings. This will provide maximum liquidity and stronger opportunities for customers. Winfried Engelbrecht-Bresges, the Hong Kong Jockey Club's chief executive officer, said, "The commingling development in Hong...