Computer Assisted Wagering

After being implemented and put into effect on Thursday, NYRA, citing a need to upgrade its tote system, announced Friday that the new "guardrail rails" put in place regarding Computer Assisted Wagering (CAW) will not go into effect until Feb. 11. With winter weather having knocked out the Saturday and Sunday cards at Aqueduct, the 11th is the next scheduled day of racing. "The guardrails requiring CAW activity to cease at 1 MTP have been suspended today to allow for technical upgrades to the tote system," read a NYRA statement....

After announcing in December at the Global Symposium on Racing in Tuscon, Arizona that it would be taking steps to limit Computer Assisted Wagering (CAW play) within the coming months, NYRA announced Friday that the new rules will go into effect on Feb. 5. Calling the measures new "guardrails," NYRA revealed at the Arizona symposium that all CAW play will eventually cease at one minute to post in all pools. CAW players can still bet after the one-minute time limit, but they will be restricted to six bets or fewer...

Last November, Democratic Kentucky state representative Matt Lehman told the TDN he was considering legislative intervention in an effort to curb computer assisted wagering (CAW) play in the state to a more equitable standard for all players. The debate around CAW players typically surrounds the edge they wield over regular gamblers thanks to their use of sophisticated technologies that allow them to precisely read the markets and to place massive wagers across many pools in the final seconds of betting--which can lead to extreme late odds changes--as well as the...

Come January of next year, the New York Racing Association (NYRA) will limit Computer Assisted Wagering (CAW) play one minute to post in nearly all pools, according to NYRA president and CEO David O'Rourke during Tuesday's Global Symposium on Racing in Tuscon, Arizona. By far the most aggressive step taken yet to manage CAW play by any track operator in the country, this will mean that all CAW players will be limited to a maximum six-bets per second when they bet into the NYRA product within one minute to post...

With what feels like the culmination from years of mounting pressure, the volcano of opprobrium over Computer Assisted Wagering (CAW) erupted this summer, spilling all over the industry. The debate around CAW players typically surrounds the edge they wield over regular gamblers thanks to their use of sophisticated technologies that allow them to precisely read the markets and to place massive wagers across many pools in the final seconds of betting-sometimes leading to extreme late odds changes-as well as the attractive rates and rebates offered to them which are unavailable...

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....

In a statement issued Thursday, The Stronach Group owned Elite Turf Club, LLC, and AmTote International, Inc., have responded to a class action lawsuit filed last week against several Computer Assisted Wagering (CAW) related wagering entities under the Racketeering Influenced and Corrupt Organizations Act ("RICO") and under state law, alleging they have "organized and participated in the corruption of the betting system to the detriment of the class." The debate around CAW players typically surrounds the edge they wield over regular gamblers thanks to their use of sophisticated technologies that...

Former horse racing gambler Ryan Dickey has filed a class action lawsuit against several entities related to wagering platforms offered to Computer Assisted Wagering (CAW) players under the under the Racketeering Influenced and Corrupt Organizations Act ("RICO") and under state law, alleging they have "organized and participated in the corruption of the betting system to the detriment of the class." The lawsuit was filed Friday in the U.S. District Court for the Eastern District of New York. The dependents comprise The Stronach Group (TSG), Churchill Downs, the New York Racing...

The two-minute win pool cutoff for computer-assisted wagering (CAW) bets that was implemented at Del Mar Thoroughbred Club over the summer in an effort to stabilize late odds fluctuations won't be in effect when the Southern California track hosts the Breeders' Cup Oct. 31 and Nov. 1, a spokesperson for the championships confirmed to TDN on Thursday. Back on July 29, in response to growing clamor among non-CAW bettors about the outsized role that CAW players had in driving a spate of marked late odds changes at Del Mar during...

Everett Dobson has been on the job as the Chair of The Jockey Club for only a matter of days, but there's no doubt that he has his finger on the pulse. Making his first keynote speech at the Round Table Conference on Matters Pertaining to Racing on Thursday in Saratoga Springs, Dobson spoke of the many positive trends he sees with the sport, but he wasn't afraid to delve into the negative issues that still plague racing. "Racing has never been safer for our horses and jockeys," Dobson said....

After growing clamor among horse players about the role that Computer Assisted Wagering (CAW) players had in driving a spate of marked late odds changes at Del Mar this summer, track officials announced Tuesday that starting this Thursday, they would close CAW access to its win pools at two minutes before the off time. "I'm really pleased. This is a stepping stone to getting things right as it effectively creates a retail only pool, and it stabilizes prices," said Marshall Gramm, an economics professor at Rhodes College in Tennessee and...

Amid the embattled economics of horse racing, more and more attention has been placed upon Computer Assisted Wagering (CAW) players. One such focus has surrounded whether these behemoths of the betting pools are contributing their fair share back to the sport. That's the case certainly in California. Last year, the California Horse Racing Board (CHRB) became the first regulator of a major racing jurisdiction to really dig down into the issue during a public hearing--one that later led to a published Q&A. The scrutiny that California has received hasn't always...