Wagering

News, Articles, Videos and other content about Wagering

TrackNet Takes Another Shot from Youbet

Youbet.com directed more criticism at the controversial content alliance of Churchill Downs and Magna Entertainment May 8, with one executive telling analysts during an earnings conference that the partners in TrackNet Media Group "ended up shooting not only themselves, but an entire industry."

Rewarding Innovation

By T.D. Thornton -- North American racing has a widely acknowledged economics problem. Its chief funding mechanism, pari-mutuel wagering, is failing after serving the sport well for decades. What was once an efficient method of extruding profits is now an anachronism whose constraints are choking back betting growth.

Handle, Purses Up through First Quarter of 2006

  • News

The National Thoroughbred Racing Association (NTRA) and Equibase Company released the "Thoroughbred Racing Economic Indicators" for United States and Canadian pari-mutuel wagering on U.S. Thoroughbred racing during the first quarter of 2006, as well as for U.S. purses and race days, with prior-year, first-quarter comparisons.

RCI to Create Wagering Monitoring Service and Security Database

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The Board of Directors of Racing Commissioners International voted Wednesday to partner with some of the leading technology suppliers for independent monitoring systems to provide a national monitoring service and database for pari-mutuel wagering.

Emerald Downs to Take Canadian Wagers

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Emerald Downs will become the first Thoroughbred track in the United States to conduct common pool pari-mutuel wagering with Canada on Thursday evening.

TVG Wagering Tops $100 Million in Second Quarter

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TVG Network processed $114 million in wagers during the second quarter, marking the first time that quarterly wagering went over the $100 million mark and resulting in a 29% increase in wagering over the second quarter of 2004.

Breeders' Cup Race Order to be Announced When Pre-Entries Released

In an effort to provide its fans with the most attractive wagering program, officials of Breeders' Cup Limited and the National Thoroughbred Racing Association announced Thursday that, for the first time, the complete race order for the 22nd Breeders' Cup World Thoroughbred Championships, will be announced on Wednesday, Oct. 19, when the Pre-Entered fields for all eight races are released.

Woodbine Gains Limited Access to U.S. Pools

Woodbine Entertainment Group announced July 2 that Canadian wagers on Balmoral Park, a Chicago-based harness track, will for the first time be combined with the U.S. host track's pools, giving customers in both countries the same winning payout prices.

Keeneland to Offer Ten-Cent Superfecta Wager

Bettors will be able to wager as little as 10 cents on superfectas during the upcoming Keeneland spring race meeting that opens April 8. The dime option will be available on all races in which a superfecta wager is offered. Previously, Keeneland's superfecta minimum was $1.

Dish Network Launches TVG Interactive

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After years of promises and disappointments, true two-way interactivity for horse-race wagering will reach 10 million TV sets nationwide this month through the Dish Network's launch March 2 of the TVG Interactive Horseracing channel.

Senate Passes Tax Bill Favorable to Horse Industry

The U.S. Senate passed an international tax bill that includes two provisions that are favorable for the horse industry. The first is the clarification that the 30% alien withholding provision does not apply to nonresident aliens wagering in foreign countries; the second is a reduction in the holding period for horses to qualify for capitol gains treatment from 24 months to 12 months.

Kentucky Derby Wagering Sets North American Record

Total wagering on the 130th Kentucky Derby and the Derby Day racing card at Churchill Downs smashed North American records for total betting on an individual event and a single day of races that had been established in the 2003 renewal of the famed "Run for the Roses."

High Priority

By Ray Paulick -- This year-end headline could not have gone unnoticed by anyone operating a racing stable--large or small--or by the leaders of organizations whose mission is to improve the economics of the Thoroughbred industry: 2003 Handle Up Slightly, But Purses Decrease.

Wagering Increases, Purses Fall in Third Quarter

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Total wagering during the third quarter of the year increased to $4,007,591,917, a growth of 3.38% over the same quarter last year. Third-quarter purses dipped 4.15%, to $306,800,417. Compared with third-quarter 2002, racing days declined slightly, with a total of 16 fewer days.

Wagering Up, Purses Down for Second Quarter

Wagering in North America during the second quarter of the year increased 2.52% over the corresponding period in 2002. But, while there were 32 more racing days, purses dropped 1%.

Total Handle Record Set by Stockton Fair

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The total amount of money wagered on races at the recently concluded 10-day San Joaquin County Fair meet at Stockton, Calif. increased 10% to a record $16.95 million, officials reported.

Magna to Introduce Patron-Friendly Betting Machines

Magna Entertainment Corp. has plans for new pari-mutuel wagering machines designed to make betting easier for first-timers, officials said May 1 during a press conference after the company's annual meeting.

Sunland, Delta Downs Fuel 2003 Purse Increases

Purses at Thoroughbred tracks in the U.S. increased by 4.3% in the first quarter of 2003, despite a 1.2% drop in pari-mutuel handle, according to statistics released April 4 by Equibase and the National Thoroughbred Racing Association.

National HBPA Seeks Tighter Simulcasting Ship

The National Horsemen's Benevolent and Protective Association, in a white paper on simulcasting, has called for tighter security in the export of signals as well as a review of domestic and international wagering hubs.

Maryland Panel OKs 'Head-to-Head' Wagering

Bettors on May 16-17 will be able to play the new "head-to-head wager" that debuted at the Breeders' Cup World Thoroughbred Championships. The wager will be offered on the Preakness Stakes, Black-Eyed Susan Stakes, Pimlico Special, and other stakes at Pimlico Race Course those two days.

Wagering Group to Meet; Scope May Expand

The Wagering Technology working group formed by the National Thoroughbred Racing Association plans to meet again Jan. 9 to discuss the pari-mutuel review triggered by the Breeders' Cup Ultra Pick 6 investigation.

Kentucky Panel Plans Complete Pari-Mutuel Review

The Kentucky Racing Commission will begin a review of all policies and procedures related to pari-mutuel wagering, commission chairman Frank Shoop announced Dec. 4. The action stems from the recent Breeders' Cup Ultra Pick 6 investigation and the review being conducted by the National Thoroughbred Racing Association.

At Turfway, Bets Close When First Horse Enters Gate

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Turfway Park, which began implementing measures designed to improve wagering security and increase customer confidence in mid-November, will adopt new wagering policies beginning Dec. 1, opening day of its holiday meet.

New Tote Security Measures Announced

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The NTRA's wagering technology working group on Friday called for three intitial, concrete steps to improve electronic wagering security in an effort to increase customer confidence. The steps will be implemented immediately by Churchill Downs, Magna Entertainment, and the New York Racing Association, as well as by the three largest totalisator companies. Other racetracks and off-track wagering operators were expected to sign on as well.

NTRA Officially Forms 'Wagering Technology' Group

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As expected, the National Thoroughbred Racing Association has formed a "wagering technology" working group, or task force, to review pari-mutuel computer security and ensure integrity in the system.

Report: Wagering, Purses Rise

  • News

The National Thoroughbred Racing Association (NTRA) and Equibase Company LLC today unveiled a new, quarterly industry report from Equibase, "Thoroughbred Racing Economic Indicators," that covers total wagering in the United States and Canada on U.S. races, purses and race days with prior-year comparisons.

Back to the Future

By T. D. Thornton -- News broke in August about the proposed Equibase plan to propel the sport into the future with real-time tracking of horses, merging tradition with technology. Good luck Equibase. I'm confident you have the horse, but not entirely certain you'll find an industry eager to bankroll the bet.

Derby Wagering Establishes North American Record

Although totals are not complete, wagering on the 2002 Kentucky Derby will establish betting records for both the race and the overall Derby Day card. A total of $79,094,806 was wagered on the Kentucky Derby, with overall betting on the entire 11-race card at
$123,315,302.

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