Thoroughbred Idea Foundation

Wagering Insecurity, Part 11: Recommendations

The following is the 11th of a 12-part series on wagering insecurity in American racing from the think tank the Thoroughbred Idea Foundation.  A growing firm in the sports integrity business approached a major racing operator in 2017. "They told us better integrity does not help us bring in more customers and their main focus right now is on growing the customer base." The reality is different in almost every other major racing jurisdiction. Integrity oversight is a necessity to ensure acceptance and participation. Customer and stakeholder confidence is paramount....

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TIF: Wagering Insecurity, Part 9–Alerts

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,...

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“Wagering Insecurity” – Part 7 – Z

   This is Part 7 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, along with increased transparency of the wagering business and its participants over time. Achieving this is growing increasingly difficult...

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TIF: Wagering Insecurity – Part 5, Bingo

This is Part 5 of the Thoroughbred Idea Foundation's (TIF) series "Wagering Insecurity." After five years of contemplating possible actions to improve wagering security, nothing of significance materialized. A December 2008 conference session in Arizona served as a perfect synopsis of the failure. One member of the panel, Kevin Mullally of Gaming Laboratories International, said: "I came here...to learn a little bit more about why the racing industry had managed to be the only component of the gaming industry that had not implemented any serious oversight to its technology." Reached...

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TIF Wagering Insecurity, Part 2 – Intertwined

This is Part 2 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...

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TIF: Wagering Insecurity, Part I–Expectations

This is Part 1 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,...

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TIF Launching “Wagering Insecurity” Series Beginning April 13

Editor's Note: The following is an edited press release from the Thoroughbred Idea Foundation, which is beginning a 12-part series on wagering insecurity next week. The series will be released in two installments per week, and the TDN will carry summaries and links to the 12 articles. The Thoroughbred Idea Foundation (TIF) will launch "Wagering Insecurity," a multi-part series which will examine the current state of oversight of North American Thoroughbred racing and wagering, beginning Tuesday, Apr. 13. In the aftermath of the infamous "Fix Six" at the 2002 Breeders'...

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TIF: How Will Racing Pay for HISA? Grow the Business!

by Thoroughbred Idea Foundation The creation of the Horseracing Integrity and Safety Authority (HISA) is the most significant development in American racing at the federal level since the passage of the Interstate Horseracing Act in 1978. Questions now being rightly considered include how much HISA will cost and where will its funding originate from. Below, we offer some perspective on the costs. But as the greater industry determines where the funding will come from over time, racing should proactively adopt policies which seek to grow the wagering business. The industry...

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TIF: Federal Bill Funding Cannot Come From Horseplayers

by Thoroughbred Idea Foundation Editor's note: The following open letter to the industry was submitted by the Thoroughbred Idea Foundation, a think tank and advocacy group which aims to improve the sport of Thoroughbred racing for all stakeholders. The passage of the Horseracing Integrity and Safety Act (HISA) would signal a prominent turning point for Thoroughbred racing in America. Regardless of where one has stood on the merits of the legislation over the years, its passage will bring to an end a generation of discord between industry participants, enabling our...

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Wagering: American Racing's Top Priority Going Forward

Courtesy Thoroughbred Idea Foundation   Racing needs a long-term plan which will put the sport on a path to raise handle to nearly $50 billion annually with more than $5 billion held by the industry by 2040. Sound optimistic? Falling well short of that goal would still be a monumental accomplishment given we are on track for another year at just $11 billion in handle, and down nearly 50% in the last two decades, adjusted for inflation. So where are the plans from the industry to start thinking long-term about...

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A Conversation About Accuracy: 30,000 Falsehoods Annually

by Thoroughbred Idea Foundation While Aunt Pearl's performance in the [GII] J.P. Morgan Chase Jessamine S. Oct. 7, 2020 was an impressive gate-to-wire score in a sizzling time, smashing the stakes record by more than two seconds, the pesky un-timed portion of nearly every American race played a role in the eye-popping clocking. "Run-up" is the distance from where the gate is placed and the timing of the race begins--that is, the point at which the horses reach the published distance of the race. The Jessamine, and nearly every other...

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Racing's Biggest Hope: Embracing Fixed Odds Betting

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...

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