CAWs

The new reality of Computer Assisted Wagering's escalating presence in racetrack's pools and the emergence of horse racing as a fixed-odds betting product on sportsbooks were the focus of Thursday's second day of the three-day National HBPA Conference at Prairie Meadows. Discussing fixed odds on horse racing as a new betting product has become a fixture at the National HBPA Conference, led by industry consultant Michele Fischer, who also is vice president of SIS Content Services, a subsidiary of the largest horse-racing content supplier to global bookmakers/sportsbooks. But this time...

It was déjà vu all over again at June's California Horse Racing Board (CHRB) meeting. Three months after a contentious meeting that saw board members vote unanimously to give race dates to Pleasanton Racetrack for a Thoroughbred meet this fall (in opposition to the wishes of Southern California track operators), the CHRB wrestled with another weighty conundrum: How to fund horse racing in California for the next fiscal year. Ultimately, the board approved what was termed a "compromise" funding model that will see each racing association cover the "direct costs"...

With session topics from computer-assisted wagering to fixed odds to a status report on the Horseracing Integrity & Safety Act (HISA), the 2024 National HBPA Conference is set of July 23-26 at Prairie Meadows, the horsemen's group said in a Friday release. "A lot is changing in our industry at breakneck speed," said Eric Hamelback, CEO of the National Horsemen's Benevolent & Protective Association. "The objective of the National HBPA Conference is to get straight talk from industry experts and to start dialogue where we can come together to begin...

A deal that Del Mar has made with a titan of Computer Assisted Wagering (CAW) provides a rare glimpse into the tremendous sway that individual players can wield over track and racing officials, the potentially lopsided economic ramifications of such deals, and the tremendous pressures that California executives are under with competing jurisdictions that enjoy purse subsidies not available in the Golden State. It also turns a spotlight onto a world largely hidden from the public eye-one that industry leaders are generally loathe to discuss publicly, and in which just...

SARATOGA SPRINGS, N.Y. - A panel on computer-assisted wagering (CAW) and its pros and cons, and another on trainers' reactions to the new Horseracing Integrity and Safety Authority (HISA) regulations, took center stage at the 2023 Jockey Club Round Table Conference on Matters Pertaining to Racing held in Saratoga Springs, New York on Thursday. Patrick Cummings, the moderator of the panel on CAWs, is the Executive Director of the Thoroughbred Idea Foundation, a racing-industry think tank. Cummings took the panel through a brief history of parimutuel wagering and the changes...

Thoroughbred Daily News has written extensively about Computer Assisted Wagering and the players and clubs that by using such methods have placed a stranglehold on our pari-mutuel system. Just a week ago in this space, Dan Ross had a wonderful column on the subject and what it has done to handle in California. It is hard to say no to someone wanting to bet a huge amount on Thoroughbred racing, and it is understandable in giving them rebates to reward their action. But it is harming the game and small...

No business can change what it does not measure. Racing's public measurement of support, via wagering, hides serious issues. Recent stories have continued to cite declines in total handle, wondering just what is at play. How that handle has been derived has changed dramatically, but that's not reflected in the overall numbers. Over the last century, U.S. racetracks have reported total handle on their races and, for most of that time, it was one metric that accurately depicted the health of the business. But in our modern era of simulcasting,...