Betting

FTHA Statement on South Florida Racing

Edited Press Release The board of the Florida Thoroughbred Horsemen's Association met to discuss the recent statements made by Keith Brackpool on behalf of the Stronach Group, 1/ST Racing, and Gulfstream Park. According to the press release sent Friday, all discussions with Gulfstream to date had been premised on continued racing, not shutting down Gulfstream Park with or without decoupling. The statement continues that when representatives of Gulfstream Park approached the FTHA last summer, they proposed how to best save racing in South Florida as part of an overall plan....

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Why Racing Is Losing One Of Its Best Customers

Mike Maloney had it good and he knew it. The author of "Betting With an Edge," the native Kentuckian played the races professionally and was able to make a good living doing so for nearly half a century. There was no trick to it. He bet a lot of money, as much as $14 million in one year, worked hard and had an innate ability to find the right horse at the right time at the right price. "When it comes to betting horses, I am closing in on 50...

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Santa Anita Handles Over $50M On Opening Weekend

The momentum built by the opening-day, six graded-stakes program at Santa Anita carried on into the weekend, as bettors pushed all-sources handle to over $50.4 million over the course of the 39 races between Thursday, Dec. 26 and Sunday, Dec. 29. Aided by strong support from owners and trainers that led to an increase in field size from 2023, the stretch was led by the $21.4-million turnover on Thursday's program, topped by the GI Malibu Stakes, won by Raging Torrent (Maximus Mischief) and the GI La Brea Stakes, taken out...

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Letter to the Editor: CAW 'Activity Stinks to High Heaven'

by Walter Toner Rainy afternoon on Cape Cod and I had a few minutes to kill, so flipped the channel to TVG for a quick flutter. I selected the filly Just Like Magic, approaching the gate at 7-5 as the recipient of a $10 win wager in the 3rd race Oaklawn (3/28). She charged up the rail and won. Final odds were 3-5. WTF. Sorry for the crudeness. Racing will never engage the next generation of punters with 15-27% takeout and NO fixed odds, when they can bet on sports...

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Letter to the Editor – The Aftermath of Disqualifications

I retired in 2019 as the most prolific bugler in horse racing history with over 60,000 performances of "First Call" at a record-setting 51 racetracks in 23 states and Canada. My herald trumpet, which I used at NYRA for most of my time there, has been on display at the National Museum of Racing and Hall of Fame for the past three years. Of this, I am very proud. But this is not the subject of my email. The subject is betting on horses, and I had some success in...

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Premier Racedays To Kick Off at Cheltenham In The New Year

Premier Racedays, an undertaking by British Racing to market and promote racing's best racedays, will launch with the New Year's Day fixture at Cheltenham, the first of some 170 such programs to be staged in 2024. Premier Racedays is part of a two-year series of changes with the aim of growing British racing by 'increasing engagement among new and existing customers, improving revenues across all areas of the industry, promoting investment in the sport through the recruitment and retention of owners, and encouraging the best horses to be bred, trained...

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Breeders' Cup Challenge Pick Six Set For Oct. 7

Santa Anita Park, which will host this year's Breeders' Cup World Championships for a record 11th time Nov. 3 and 4 and storied Keeneland Racecourse, site of last year's Breeders' Cup, have announced that both tracks will combine to present the Keeneland/Santa Anita Breeders' Cup Challenge Pick 6 to players nationwide on Saturday, Oct. 7. A traditional $1 Pick 6 with a player-friendly 15% takeout, the Keeneland/Santa Anita Breeders' Cup Challenge Pick 6 will include the following Breeders' Cup "Win & You're In" Challenge Race qualifiers and be offered in...

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Pat Cummings Talks CAWs on TDN Writers' Room

Pat Cummings joins this week's TDN Writers' Room to discuss the expansion of CAWs and their longterm impact on the sport. This week's episode is sponsored by Keeneland, the Green Group, Coolmore, WinStar, the PHBA, the KTOB, XBTV, and West Point Thoroughbreds.

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Wagering Does An About Face, Increases In March

After wagering dropped by a troubling 6.22% through the first two months of the year, the sport rebounded in March. According to figures released Thursday by Equibase, handle was up 2.14% during the month when compared to 2022. A total of $962,703,949 was wagered in March. In the category of average wagering per race day, there was an increase of 1.10%. Handle is still down by 3.40% for the year. The advances reversed a trend that began in October of last year. Handle fell by 4.93% in October and continued...

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How to Better Promote Racing…a Q & A with Mattress Mack

Jim McIngvale (Mattress Mack) made history when the Houston Astros won the World Series. He made bets that returned $75 million when they won, the largest win ever in the history of sports betting. The bets were tied into a promotion McIngvale has used many times at his Gallery Furniture Stores in Houston. If he wins the bet, his customers get free mattresses. He's great at getting publicity for himself and his stores, but never had he seen anything like what happened with this bet, the story of which became...

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New Kentucky Derby Future Wager Pool to Debut Before BC Friday

A new Kentucky Derby Future Wager pool with up to 40 betting interests, including the popular "All Others" option, will debut Tuesday, Nov. 1 and close Thursday, Nov. 3 in advance of the Breeders' Cup World Championships' Future Stars Friday. The new three-day pool, which features $2 Win and Exacta wagering, will open Tuesday, Nov. 1 at noon (all times Eastern) and close Thursday, Nov. 3 at 6 p.m. Technology advancements now allow up to 40 pari-mutuel betting interests, up from 24 in previous years. Track officials will release the...

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After Probe over Unlicensed Operation, Twinspires Exits New Hampshire

Five months after New Hampshire gambling regulators and the state's attorney general disclosed that they were investigating the TwinSpires advance deposit wagering (ADW) platform over concerns that the Churchill Downs, Inc. (CDI)-owned entity has operated for years without being explicitly licensed there, TwinSpires is ceasing operations in the Granite State. Back in April, Charlie McIntyre, the executive director of the New Hampshire Lottery, which regulates all forms of gambling in the state, told WMUR-TV that "They're not regulated by us, nor do they operate on any confines of state law.......

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