Wagering

News, Articles, Videos and other content about Wagering

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.

Bill Targets Ways to 'Fund' Internet Gambling

Legislation that would prohibit use of credit or money transfers for Internet gambling has been introduced in the House of Representatives and referred to the Committee on Financial Services. At the very least, the measure could impact pari-mutuel operations that employ Internet wagering platforms. HR 556, titled the "Unlawful Internet Gambling Funding Prohibition Act," was sponsored by Republican Rep. James Leach of Iowa and filed Feb. 12. Leach introduced similar legislation last year, but it failed to gain support.

First Derby Future Wager Pool in Mid-February

Due to the date of Easter weekend this year, Churchill Downs has amended the schedule for the third pool of the Kentucky Derby Future Wager. Pool 1 is scheduled for Feb. 15-18; Pool 2 is set for March 8-11; and Pool 3 will run from April 5-8. The 127th renewal of the Kentucky Derby is scheduled for Saturday, May 5. Pool Three will be conducted a week earlier than in the first two years of the Kentucky Derby Future Wager.

Curious Activities

By Ray Paulick -- Far be it for a country bumpkin in Kentucky to understand the politics of racing in a place like New Jersey, but I try, and there are some things going on there that just do not make sense to this simple mind.

Coming Up Short

By Ray Paulick -- Magna and Churchill have a common problem with short fields in California.

The Big Ticket

By G.D. Hieronymus -- Breeders' Cup Day is second to none for horseplayers, with nearly every horse having a shot.

Still Just Farmers?

By Dr. Curtis L. Barrett -- The NTRA and AQHA have endorsed an Employee and Patron Responsible Wagering Initiative and will urge their member and supporting organizations which conduct wagering to adopt and implement this initiative in their facilities.

Gray Skies

By Ray Paulick -- For California's career politician, Gov. Gray Davis, it's politics as usual.

The Task at Hand

By Ray Paulick -- From New York to California and most places in between, state governments -- with few exceptions -- have not been very good friends or partners to racing.

E-tote

By Ray Paulick -- Racing is in danger of letting the technology revolution pass it by.

First1234Last

Most Popular Stories