fixed-odds wagering

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...

Fixed-odds horse racing wagering has been approved in Colorado. The deal was forged between SIS Content Services, part of the SIS (Sports Information Services) Group, and long-time operator partner bet365 to deliver its global horse racing content to bettors in Colorado. The approval of horse racing fixed-odds wagering on Colorado sportsbooks is intended to attract a wider range of casual bettors, who will be offered the same type of betting as all other sports. SIS offers a horse racing vast portfolio of international and domestic events, including the upcoming Saudi...

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 TVG.com 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...

Fixed odds wagering at Monmouth Park last year didn't exactly break sharply from the gate. In its first run, it was available only on Monmouth races and, initially, only to on-track customers. A website that took fixed odds bets did get up and going during the meet, but regulations that would allow for bettors living outside of New Jersey to bet on fixed odds never did materialize. Handle figures were never made public, but it appeared that fixed odds accounted for only a small percentage of Monmouth's total handle. Yet,...

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...

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...

Monmouth Park opens its 2022 meet May 7 with new wagering and dining options. The New Jersey oval will offer fixed odds wagering, allowing bettors to retain the odds at the time of their bet as opposed to tote wagering. "We are excited to finally be able to offer this new wagering opportunity to our fans," said Dennis Drazin, CEO and Chairman of Darby Development, operators of Monmouth Park. "We believe this is just the start of what will be an extremely popular wager. For the first time, bettors can...

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...

BetMakers' Dallas Baker joins the TDN Writers' Room to discuss bringing fixed-odds wagering to America.

Fresh off a Group 2 win last week at Royal Ascot, Eclipse Thoroughbred Partners' founder Aron Wellman joined the TDN Writers' Room presented by Keeneland Wednesday morning to talk about his ownership strategies, how he talks to new partners about concerns in the industry and much more. Asked about Eclipse's ever-evolving purchasing power, Wellman, who called in via Zoom as the Green Group Guest of the Week said, "We made a point when we launched Eclipse about 10 years ago to really try to prove ourselves at being good at...

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 TVG.com 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....

While the 2021 meet at Monmouth Park is less than three weeks old, several years worth of drama has already been packed in at the Jersey Shore staple this spring, and Wednesday morning, the track's chairman and CEO Dennis Drazin joined the TDN Writers' Room presented by Keeneland to discuss it all. Calling in via Zoom as the Green Group Guest of the Week, Drazin talked about the fraught implementation of the New Jersey Racing Commission's whip ban, the latest attempt by the Jockeys' Guild to put pressure on Monmouth...