Wagering

News, Articles, Videos and other content about Wagering

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

  • News

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

  • News

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

  • News

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

  • News

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

  • News

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.

Wagering Options for World Cup

Arlington Park will serve as the simulcast host for the Dubai World Cup on March 23. The world's richest race will be one of four simulcast races available through Arlington Park from Dubai's Nad Al Sheba Racecourse.

Keeneland Alters Takeout Rates for Spring Meet

Keeneland, which last fall experimented with a reduced 16 percent pari-mutuel takeout, has made adjustments for its spring meet, which begins April 5. The takeout for win, place, and show wagers will remain 16 percent, but for exotic bets, it will go back up to 19 percent.

Taking the Fall

By Ray Paulick -- The expansion of gambling in the U.S., though it may have slowed in recent years, has not run its course.

Where's The Cash? Win Money Scarce at Track

In a pari-mutuel oddity, no money was wagered to win on either of the first two finishers in a five-horse field at Thunder Ridge Raceway in eastern Kentucky. In fact, 17 of the 43 pacers that competed on the seven-race program drew no win money.

Peer Pressure

By Ray Paulick -- Kentucky Gov. Paul Patton gave Californians help in educating Gov. Gray Davis on the horse industry.

Fractious We Fall

By Ray Paulick -- An 11th-hour attack of remorse fever on account wagering isn't helping California racing's image.

Wagering on the Future

By Ray Paulick -- The recent agreement between the TV Games Network and Youbet.com looks like a win-win-win-win situation for the racing industry.

Oaklawn On-Track Numbers Dip, Off-Track Gain Slightly

Arkansas' Oaklawn Park drew an average of 11,251 fans a day this season, down from last year's 12,428. Based on figures through the meet's April 14 close, wagering by Oaklawn patrons on races at the Hot Springs track was down 11.1%. But wagering on simulcast races was up 8%. Calvin Borel won the jockey title with 70 winners. Cole Norman won the training title by saddling 43 winners.

Fair Grounds to Launch Internet Wagering

Fair Grounds on Saturday joined the ranks of U.S. racetracks offering its own Internet wagering system. The New Orleans track will introduce Net Bet, an integrated Internet and telephone account wagering service. Net Bet will provide real time odds, full race programs, web casts of live races, archived race replays, and online betting.

The Customer is Always Wrong

By Larry Levin -- Horseplayers are the plankton of Thoroughbred racing, and get about as much respect. Plankton are the tiny organisms at the bottom of the oceanic food chain. If they were suddenly to disappear, life in the sea would plummet, probably to the point of extinction.

Most Popular Stories