fixed-odds wagering

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...

Fixed Odds wagering moved a step closer to becoming a reality during the upcoming Monmouth Park meet after the New Jersey State Assembly approved a bill on Thursday by a 74-0-1 vote that would permit the new betting platform. The bill now moves onto to the State Senate and if successful would then go to Gov. Phil Murphy for a signature. Monmouth Park's 76th season gets underway Friday, May 28. "This is an exciting new wagering opportunity for our fans and we're grateful for the support from our legislators and...

This is Part 9 of the Thoroughbred Idea Foundation's (TIF) series "Wagering Insecurity." Faced with remarkable competitive pressure from the rise of legal sports betting, horse racing is at a crossroads. Confidence amongst horseplayers and horse owners is essential to the future sustainability of the sport. Efforts to improve the greater North American Thoroughbred industry will fall flat if its stakeholders fail to secure a foundation of integrity. Achieving this is growing increasingly difficult after the sport has neglected its core base--horseplayers--for decades. "Wagering Insecurity" details some of that neglect,...

Last week's headlines had little to do with on-track action. This coming week though, we awaken from the sport's annual post-Breeders' Cup snooze with an eye toward decent Thanksgiving weekend racing and on-the-horizon stakes that could add a touch of intrigue to the tail end of the 2020 season. But before you feast upon the holiday fare, chew on these side dishes that anchored the last seven days of the news cycle (plus a few other tidbits that didn't land on the front pages): Last Tuesday we learned via federal...

A bill that would legalize single-event sports wagering in Canada and is now being debated by members of Parliament in the Canadian House of Commons would have a disastrous impact on racing, warns Woodbine CEO Jim Lawson. The bill does not allow for the racetracks to be part of the sports betting universe and, perhaps even more worrisome, it would allow non-racing betting sites to take fixed-odds bets on racing without having to share any of the revenue with the industry. "This is a real threat to the industry and...

New Jersey moved one step closer to becoming the first state in the country to allow fixed-odds wagering on horse races when a bill that would authorize that form of betting was introduced in the New Jersey Legislature Thursday. The bill was introduced by New Jersey State Senator Vin Gopal and an identical bill has been sponsored by Assembly Gaming Committee Chairman Ralph Caputo and Deputy Republican Leader Assemblyman Ronald Dancer. With the bill enjoying bipartisan support, expectations are that it will pass and will be signed into law by...

by Thoroughbred Idea Foundation Have you noticed the explosion of sports betting legalization around America? As it stands now, horse racing is offered almost exclusively as a pari-mutuel wagering option, which often renders impossible the co-location of racing with other fixed odds sports bets. Be it Draft Kings, Fanduel, the new Barstool Sportsbook through Penn National Gaming, or any other provider in the growing number of states legalizing sports betting--racing is not amidst those offerings. That puts U.S. racing at a monumental disadvantage. In February 2019, the Thoroughbred Idea Foundation...

Darby Development LLC., the operator of Monmouth Park, has entered into a 10-year agreement with the Australian firm BetMakers in which BetMakers will manage and distribute fixed-odds betting on Monmouth's races, starting at this year's meet. For now, the agreement covers only Monmouth's races and New Jersey customers, but there is the potential for other jurisdictions to take fixed-odds betting on Monmouth's races and for other tracks to reach separate agreements with BetMakers to offer fixed odds betting on their races. BetMakers CEO Todd Buckingham predicted that fixed-odds wagering will...