Betting

Open Letter to the Industry: #FreeDataFriday – Churchill Offering Free Past Performances

by Thoroughbred Idea Foundation BettorIQ's recent podcast, "A Sports Betting Education," featured professional bettor Rob Pizzola, who was asked what might motivate him to model or wager on a new sport. "First and foremost, what does the market looks like?...Ultimately, that's the first thing. The second is what data is available. Is it public data? Is it private? Do I have to purchase it? is it reliable? You want to talk about emotions in sports betting, the instability you have to deal with, with some of the data I have...

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Making Betting More Friendly: Tom Amello

With racing's temporary opportunity as the only game in town, the TDN's Katie Ritz took a poll of some industry insiders known to like a good bet and asked them: what is one simple way that tracks could make betting more friendly for existing horseplayers and/or more effective at bringing in new players? As you'll see, none of them could stop at just one. Making betting more friendly, especially for novices, requires a new concept. I propose teaching the gamble at the core of Thoroughbred racing, grounded in wagering, and...

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Making Betting More Friendly: Lucas Marquardt

With racing's temporary opportunity as the only game in town, the TDN's Katie Ritz took a poll of some industry insiders known to like a good bet and asked them: what is one simple way that tracks could make betting more friendly for existing horseplayers and/or more effective at bringing in new players? As you'll see, none of them could stop at just one. LUCAS MARQUARDT, Thorostride I worry we sometimes miss the forest for the trees in this industry. I am on board with free data and lower takeout--racing's...

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Letter to the Editor: Jason Wilson

I am writing in response to the Open Letter to the Industry by the Thoroughbred Idea Foundation (TDN, April 18) : This has been a challenging time for horse racing and the country as a whole. As sports shut down last month, Equibase examined what it could do to help support efforts to promote horse racing. With expanded television coverage on FOX Sports and NBC Sports, potential new fans are being exposed to horse racing in unprecedented ways. We have been working with NYRA to provide free past performance products...

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The Stronach Group Launches New Consumer Facing Brand

Edited Press Release The Stronach Group introduced a new consumer facing brand: 1/ST (pronounced "First"). 1/ST represents the company's continued movement toward redefining Thoroughbred racing and the ecosystem that drives it. It is the engine that advocates for and drives the 1/ST Horse Care mission while powering the company's forward-thinking 1/ST Racing, 1/ST Technology, 1/ST Live and 1/ST Properties businesses. This weekend, the company's Pegasus World Cup Series will introduce the 1/ST brand with medication-free racing at the highest level. 1/ST Horse Care is donating 2% of the total $4-million...

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NYRA 2019 All-Sources Handle Over $2.1B

The New York Racing Association's 2019 all-sources handle was $2,108,126,369. Also, for the first time in history, the Saratoga meet generated more than $700 million in all-sources handle at $705,343,949. Inclement weather forced the full cancellation of seven race days and partial cancellation of six cards during the year. As a result, there were 217 race days in 2019 at NYRA tracks with average daily handle of $9,714,868 compared to 2018 when 219 days of racing resulted in a daily average of $9,650,267. The 2019 season featured 2,000 races at...

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The Changing U.S. Betting Landscape Can Deliver Both Higher Handle & Purses

Lessons Learned from Australia Racing Prove when a Gambling Pie Grows, It Can Benefit Everyone Back in 2008, Australia began opening up their betting markets. In particular, corporate bookmakers and exchanges were allowed to flourish, offering racing and sports betting customers myriad choice. As we've often noticed in horse racing when presented with something new, in 2010, the sport down under was in full protection mode. They fought the changes in court, predicting "the total destruction of the racing industry as we know it," and "all 50,000 participants in the...

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NYRA to Launch Empire 6

The Empire 6, a jackpot-style multi-race wager replacing the traditional Pick 6, will be launched at Saratoga by The New York Racing Association, Inc. Featuring a $0.20 bet minimum and 20% takeout, the Empire 6 will be added to the wagering menu beginning Wednesday, Aug. 7 and continue through the remainder of the 2019 meet at the Spa. If one unique ticket exists, then 100% of the net pool, plus the jackpot carryover if applicable, will be paid to the winner. If there is no unique wager selecting the first-place...

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