Horse Betting

The official betting tournament of the 'Run for the Roses'--the Kentucky Derby Betting Challenge (KDBC)--is returning to TwinSpires.com with a guaranteed prize pool of $250,000, Churchill Downs said in a presser on Thursday. The first official KDBC Qualifier Tournament will take place on Sunday, Oct. 27 featuring the opening day card of the fall meet at Churchill Downs and a series of feeder tournaments will begin on Saturday, Oct. 12. Leading up to the Kentucky Derby Day program, the schedule will include 24 KDBC qualifier events, with each qualifier supported...

An $800 NHC & BCBC Handicapping contest, with cash prizes also awarded to the top 10 finishers, will be available online and onsite at Monmouth Park on Saturday, Aug. 24, the track said in Wednesday release. TVG, 4NJBETS and Xpressbet are the available online options for contest players. There is a non-refundable entry fee of $400 and a tournament bankroll of $400 for races at Monmouth Park and Saratoga, with contestants required to wager on a minimum of five of the local races of at least $80 each. For TVG...

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...

Santa Anita Park will return to a traditional $1 Pick Six when its 18-day Autumn Meet opens on Friday, Sept. 29, the track said in a press release early Friday. Officials have responded to the wishes of a vast number of players seeking a return to a more traditional format with 70 percent of the net pool paid to tickets which correctly select all six winners and 30 percent paid in a consolation payoff to those players who select five of six winners. As is the case with the traditional...

Edited Press Release Churchill Downs Incorporated has entered into a multi-year agreement with FanDuel Group involving different facets of FanDuel's sports wagering, advance deposit wagering and television business. Under the Agreement, CDI will provide certain technology and services to enable FanDuel's customers to place pari-mutuel wagers on horse racing via FanDuel's sports wagering and ADW platforms. CDI will also authorize wagering on CDI's owned or controlled horse racing content via FanDuel's platforms in the United States and grant FanDuel certain television and media rights to broadcast CDI-owned racing content on...

Steve Sherack and Brian DiDonato give their best bet for each day of racing during the FanDuel Meet at Kentucky Downs. $100 Win/Place format; highest bankroll at the end wins. Steve Sherack: Sunday's Results - Gamble's Orb finished 6th. Monday - Race 7 - Considering the brutal meet trainer Saffie Joseph, Jr. has endured at Saratoga this summer, Setting the Mood's second-place finish in a first-level allowance going long Aug. 6 looks even better now. Claimed for just $20k back in March and a back-to-back winner at Gulfstream right out...

As a service to the industry and in consideration of the economic changes due to the COVID-19 outbreak, Equibase is currently providing monthly reporting of its Economic Indicators Advisories. The Advisory is typically disseminated on a quarterly basis to provide key metrics used to measure racing's performance throughout the year. October 2020 vs. October 2019 Indicator October 2020 October 2019 % Change Wagering on U.S. Races* $929,063,211 $776,071,164 +19.71% U.S. Purses $90,845,317 $91,981,753 -1.24% U.S. Race Days 340 334 +1.80% U.S. Races 2,852 2,754 +3.56% U.S. Starts 22,410 22,176 +1.06%...

Ed DeRosa of Brisnet.com takes on TDN's Steve Sherack and Brian DiDonato as they handicap Triple Crown prep races plus the big three races themselves. The three will make $100 Win/Place bets in the preps and $200 Win/Place bets in the Kentucky Derby, Preakness and Belmont. Highest bankroll at the end wins. DeRosa - Bankroll: $5480 - Pegasus Result - Skyscanner made no impact at a big price. GI Kentucky Derby - Tiz the Law is my pick to win the GI Kentucky Derby. He is the most likely winner,...

In a landmark case that could pave the way for bettors to recoup gambling earnings they may have lost when their picks were beaten by doped horses, a harness racing horseplayer has received $20,000 in a settlement after he claimed he was cheated out of winnings in a 2016 race at the Meadowlands. In 2018, Illinois resident and gambler Jeffrey Tretter went to court in an effort to recoup over $31,000 he says he was entitled to because his bets would have come in if not for his selections being...

by Thoroughbred Idea Foundation BettorIQ's recent podcast, "A Sports Betting Education," featured professional bettor Rob Pizzola, who was asked what might motivate him to model or wager on a new sport. "First and foremost, what does the market looks like?...Ultimately, that's the first thing. The second is what data is available. Is it public data? Is it private? Do I have to purchase it? is it reliable? You want to talk about emotions in sports betting, the instability you have to deal with, with some of the data I have...

With racing's temporary opportunity as the only game in town, the TDN's Katie Ritz took a poll of some industry insiders known to like a good bet and asked them: what is one simple way that tracks could make betting more friendly for existing horseplayers and/or more effective at bringing in new players? As you'll see, none of them could stop at just one. Making betting more friendly, especially for novices, requires a new concept. I propose teaching the gamble at the core of Thoroughbred racing, grounded in wagering, and...

With racing's temporary opportunity as the only game in town, the TDN's Katie Ritz took a poll of some industry insiders known to like a good bet and asked them: what is one simple way that tracks could make betting more friendly for existing horseplayers and/or more effective at bringing in new players? As you'll see, none of them could stop at just one. My answer will probably differ from most, as I think there's far too much focus on trying to cultivate an army of novice $2 bettors and...