fixed-odds wagering

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...

BetMakers has signed two-year market access and content agreements with the betting platform bet365 relating to fixed-odds wagering in New Jersey and Colorado, the Melbourne, Australia-based company said in a release. Bet365 will be licensed by BetMakers to offer fixed-odds bets on Thoroughbred racing to bet365 customers in the state of New Jersey and will also be licensed to distribute BetMakers' Thoroughbred racing content to bet365 customers in New Jersey and both Thoroughbred and Standardbred racing in Colorado.Bet365 will also be licensed to distribute BetMakers' Thoroughbred racing content to bet365...

by Walter Toner Rainy afternoon on Cape Cod and I had a few minutes to kill, so flipped the channel to TVG for a quick flutter. I selected the filly Just Like Magic, approaching the gate at 7-5 as the recipient of a $10 win wager in the 3rd race Oaklawn (3/28). She charged up the rail and won. Final odds were 3-5. WTF. Sorry for the crudeness. Racing will never engage the next generation of punters with 15-27% takeout and NO fixed odds, when they can bet on sports...

Fixed-odds horse racing wagering has been approved in Colorado. The deal was forged between SIS Content Services, part of the SIS (Sports Information Services) Group, and long-time operator partner bet365 to deliver its global horse racing content to bettors in Colorado. The approval of horse racing fixed-odds wagering on Colorado sportsbooks is intended to attract a wider range of casual bettors, who will be offered the same type of betting as all other sports. SIS offers a horse racing vast portfolio of international and domestic events, including the upcoming Saudi...

Monmouth Park and BetMakers Technology Group will partner for the fourth straight year as sponsors for the $1 million "BetMakers Bonanza" bonus for the connections of any horse that sweeps a series of three designated races, the organizations said in a release Friday. To earn the seven-figure bonus, a horse has to the win the GI TVG.com Haskell S. at Monmouth Park on July 22, the GI Travers S. at Saratoga on Aug. 26 and the GI Breeders' Cup Classic at Santa Anita on Nov. 4. "As part of our...

Fixed odds wagering at Monmouth Park last year didn't exactly break sharply from the gate. In its first run, it was available only on Monmouth races and, initially, only to on-track customers. A website that took fixed odds bets did get up and going during the meet, but regulations that would allow for bettors living outside of New Jersey to bet on fixed odds never did materialize. Handle figures were never made public, but it appeared that fixed odds accounted for only a small percentage of Monmouth's total handle. Yet,...

OCEANPORT, N.J.-With a steady stream of customers showing up at the fixed odds windows, Monmouth Park's bold experiment with a new form of wagering the track hopes will energize the sport began Sunday. Fixed-odds betting was supposed to begin a day earlier, but the opening day of the 2022 meet was canceled due to bad weather. Monmouth did not release figures regarding how much was wagered on the fixed-odds bets, which made it difficult to assess how successful it was on day one. Because the bets are only available at...

Monmouth Park announced last week that it will begin to offer fixed odds wagering starting May 7, opening day of the meet. That was the good news. The bad news was that fixed odds betting will begin with a cautious rollout and without the major players in the sport on board. Starting Saturday, bettors on-track at Monmouth will have the choice of making traditional pari-mutuel bets or placing fixed odds wagers. Two areas of the track will be designated for fixed odds and the bets can only be made through...

Monmouth Park opens its 2022 meet May 7 with new wagering and dining options. The New Jersey oval will offer fixed odds wagering, allowing bettors to retain the odds at the time of their bet as opposed to tote wagering. "We are excited to finally be able to offer this new wagering opportunity to our fans," said Dennis Drazin, CEO and Chairman of Darby Development, operators of Monmouth Park. "We believe this is just the start of what will be an extremely popular wager. For the first time, bettors can...

Sorely needed in the American horse betting landscape, fixed-odds wagering--bets where the player is guaranteed the odds displayed at the time he or she bets a horse and isn't affected by late parimutuel odds drops--is set to debut in the States later this month at Monmouth Park via Australian bookmaking company BetMakers. Wednesday morning, BetMakers' head of international operations Dallas Baker joined the TDN Writers' Room presented by Keeneland to discuss the logistics of implementing a fixed-odds system to try to replicate its success in Australia, how confident he is...

BetMakers' Dallas Baker joins the TDN Writers' Room to discuss bringing fixed-odds wagering to America.

Fresh off a Group 2 win last week at Royal Ascot, Eclipse Thoroughbred Partners' founder Aron Wellman joined the TDN Writers' Room presented by Keeneland Wednesday morning to talk about his ownership strategies, how he talks to new partners about concerns in the industry and much more. Asked about Eclipse's ever-evolving purchasing power, Wellman, who called in via Zoom as the Green Group Guest of the Week said, "We made a point when we launched Eclipse about 10 years ago to really try to prove ourselves at being good at...