wagering

Santa Anita Park will return to a traditional $1 Pick Six when its 18-day Autumn Meet opens on Friday, Sept. 29, the track said in a press release early Friday. Officials have responded to the wishes of a vast number of players seeking a return to a more traditional format with 70 percent of the net pool paid to tickets which correctly select all six winners and 30 percent paid in a consolation payoff to those players who select five of six winners. As is the case with the traditional...

With the field loading into the gate for Sunday's sixth race at Saratoga, the start of a Pick 5 sequence, it was announced that three subsequent races were being taken off of the turf. For purposes of the Pick 5, the three off-the-turf races were considered "all" races, meaning those races essentially were eliminated from the bet, turning the Pick 5 into a daily double. It paid $25. That didn't sit well with numerous horseplayers, which didn't go unnoticed by NYRA executives. That's why NYRA CEO and President Dave O'Rourke...

Wagering on U.S. races, available and paid purses and the total number of races days each saw declines to varying degrees during the month of July, according to information released by Equibase Sunday. Total wagering of $1.067 billion on races during the month represented a 6.68% decrease on the corresponding figure from 2022, while available purses of $123.3 million was off by just over 1% year over year. Paid purses of $117.6 million was down 2.48%, while the total number of race days dropped from 453 to 423 (6.62%). Average...

The National Thoroughbred Racing Association announced the disqualification of three unnamed players from the NHC and NHC Tour for a period of two years on Thursday. After hearing input from the horseplayer community and others in the industry, the NTRA revealed on Friday that the players who colluded are Jordan Jayne, James Pauly and Ryan Patrick Scully. "Protecting the integrity of the NTRA and the NHC tournament is among my highest priorities in this job," said NTRA President and CEO Tom Rooney. "By not initially releasing the names of the...

Computer Assisted Wagering (CAW) has been a hot topic of late. What we know is that there are a handful gamblers that use computer algorithms to formulate their wagers, are allowed to make their bets at the very last second and receive substantial rebates. But there's a lot we don't know, like how much are they betting, what pools they most prefer and what affect has that had on the "regular" player? In his latest report for the Thoroughbred Idea Foundation (TIF), entitled Sharks & Minnows, TIF Executive Director Pat...

Worldwide commingled wagering on U.S. races fell year-to-date in 2023 by 2.81% from $5,288,282,017 last year to $5,139,620,402 this year when compared to corresponding figures in 2022. Paid-out purses rose by 2.85% as the number of race days fell by 1.87% and the number of races fell slightly from 12,515 in 2022 to 12,353 in 2023. The average available purses per race day experienced the most significant increase, a bump of almost 9% to $331,188 from 2022's $303,894. Average field size also rose from 7.33 starters in 2022 to 7.47...

MonmouthBets, the first legal and regulated mobile application for fixed odds betting on horse racing in the United States, has launched announced BetMakers Technology Group Friday. Approved by the New Jersey Division of Gaming Enforcement, the MonmouthBets app is now available for New Jersey residents to accept wagers on mobile devices ahead of Monmouth Park's 78th season beginning Saturday, May 13. In addition to being able to place bets on Monmouth Park races, New Jersey horseplayers can now place fixed odds wagers on races from Tampa Bay Downs, Canterbury Park,...

by Richard Resnik I am writing in response to one of the comments on Dan Liebman's Letter to the Editor on computer assisted wagering. I am certain the CAW issue is drowning you and there are more important voices than mine to be heard. I will take this opportunity to share a few pieces of relevant information that form the basis for my ire on this issue. First, I am 77, a retired litigator and at a point in my life where betting is part of horse racing as a...

Last month, a lengthy Financial Times feature detailed the growing share of overall handle generated through Computer Assisted Wagering (CAW)--both in California and nationwide. CAW players are a small group of high-volume and largely anonymous gamblers with an outsized impact on the betting markets due in no small part to the sophisticated wagering tools at their disposal. Because of their high stakes play, they're offered inducements in the form of rebates and reduced takeout rates largely not available to the average punter. CAW proponents argue that these deep-pocketed players provide...

After wagering dropped by a troubling 6.22% through the first two months of the year, the sport rebounded in March. According to figures released Thursday by Equibase, handle was up 2.14% during the month when compared to 2022. A total of $962,703,949 was wagered in March. In the category of average wagering per race day, there was an increase of 1.10%. Handle is still down by 3.40% for the year. The advances reversed a trend that began in October of last year. Handle fell by 4.93% in October and continued...

On Monday Equibase released its January figures for the Thoroughbred industry's economic indicators, which showed increases in purses and number of races but downturns in total daily wagering, average wagering per race day on U.S. races, and field size. Overall, total purses of $90,069,945  in the first month of 2023 increased by 9.7% over the figure of $82,102,162 reported a year ago. However, January's $874,180,855 in worldwide commingled wagering on U.S. races showed a 7.19% drop in total wagering, and the average wagering per race day number of $3,298,796 represented...

Despite previously announcing that interstate simulcast wagering would resume Friday, Feb. 3, Sam Houston released a statement Friday morning postponing it. "We have determined that more time is needed to fully evaluate the many legal complexities surrounding recent court decisions and the HISA amendment enacted by Congress at the end of last year," the statement read. "While we are eager to export our signal across the country, our commitment to maintaining federal and state compliance remains our top priority. We will export our signal across state lines when we are...