FinsRule
FinsRule
  • Threads: 129
  • Posts: 3945
Joined: Dec 23, 2009
July 26th, 2014 at 8:08:17 AM permalink
We have a "Breeders' Cup" thread. I'm sure we'll be getting a "2015 Kentucky Derby / Triple Crown" thread. And since we cannot get a horse racing section, I figure we should just have a miscellaneous horse racing thread for the other interesting stuff that is going on in the horse racing world. I usually start a new thread, and I'm sure that drives the 98% of forum members who only love craps crazy.

So here it is.
FinsRule
FinsRule
  • Threads: 129
  • Posts: 3945
Joined: Dec 23, 2009
July 26th, 2014 at 8:18:13 AM permalink
Obviously the Jim Dandy is the biggest race today. It seems of course like it's Tonalist's race to lose. But it seems like in recent memory it takes a while to get Belmont winners back to form. To me this race is more interesting for a fan than a bettor.

Tomorrow is the fun race - the Haskell. From the fans I've read, this seems to be the argument "Untapable is no Rachel Alexandra, so she won't win the Haskell". The first part I agree with, but that doesn't mean she doesn't win tomorrow. Again, no reason to bet on her, and all reasons to bet against her. But her performing well and winning would be great for the sport, so I'll be rooting for her.

I'll go with Tonalist in the Jim Dandy and Social Inclusion in the Haskell (But rooting for Untapable).
Buzzard
Buzzard
  • Threads: 90
  • Posts: 6814
Joined: Oct 28, 2012
July 26th, 2014 at 9:02:37 AM permalink
I will be watching and betting the 3rd race at Saratoga, bet a few tris with this horse on top.

ALDRIN (chestnut colt, Malibu Moon—Tap Your Heels, by Unbridled) is a half-brother to Grade 1 Wood Memorial winner and top sire Tapit and to two-time stakes-placed runner Overandabeauty. Both Aldrin and Tapit are by sons of A.P. Indy, with Tapit being a son of Pulpit. Aldrin’s dam won a restricted at Colonial Downs and is a half-sister to three-time Grade 1 winner Rubiano.

Owner: Mt. Brilliant Farm, Gainesway Stable & Robert LaPenta

Trainer: Chad Brown

Jockey: Joel Rosario

Sales history: $1 million Keeneland April 2-year-old

http://apps.keeneland.com/video/playvideo2yo.asp?file=55.mov
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
ThatDonGuy
ThatDonGuy
  • Threads: 122
  • Posts: 6742
Joined: Jun 22, 2011
July 26th, 2014 at 9:51:56 AM permalink
Quote: FinsRule

I'm sure we'll be getting a "2015 Kentucky Derby / Triple Crown" thread.


Here's a 2015 Derby post I made back in 2012. "12Z" refers to Cozmic One.
FinsRule
FinsRule
  • Threads: 129
  • Posts: 3945
Joined: Dec 23, 2009
July 26th, 2014 at 10:30:14 AM permalink
Quote: Buzzard

I will be watching and betting the 3rd race at Saratoga, bet a few tris with this horse on top.

ALDRIN (chestnut colt, Malibu Moon—Tap Your Heels, by Unbridled) is a half-brother to Grade 1 Wood Memorial winner and top sire Tapit and to two-time stakes-placed runner Overandabeauty. Both Aldrin and Tapit are by sons of A.P. Indy, with Tapit being a son of Pulpit. Aldrin’s dam won a restricted at Colonial Downs and is a half-sister to three-time Grade 1 winner Rubiano.

Owner: Mt. Brilliant Farm, Gainesway Stable & Robert LaPenta

Trainer: Chad Brown

Jockey: Joel Rosario

Sales history: $1 million Keeneland April 2-year-old

http://apps.keeneland.com/video/playvideo2yo.asp?file=55.mov



Ok, so BUZZ likes ALDRIN. Got it.
FinsRule
FinsRule
  • Threads: 129
  • Posts: 3945
Joined: Dec 23, 2009
July 26th, 2014 at 10:58:29 AM permalink
When Buzz likes a horse to win, he usually comes in 3rd. I'll go with Pletcher on top, Aldrin in 3rd.

$1 Tri - 9 / ALL / 8 = $6
coilman
coilman
  • Threads: 139
  • Posts: 1160
Joined: Jan 29, 2012
July 26th, 2014 at 11:27:34 AM permalink
Give me MCWICKED in the 12th

oppsss sorry wrong bred of horses

carry on

http://www.meadowsgaming.com/racing
FinsRule
FinsRule
  • Threads: 129
  • Posts: 3945
Joined: Dec 23, 2009
July 26th, 2014 at 11:33:19 AM permalink
Quote: coilman

Give me MCWICKED in the 12th

oppsss sorry wrong bred of horses

carry on

http://www.meadowsgaming.com/racing



Harness and QH is welcome in this thread. No Arabians though.
FinsRule
FinsRule
  • Threads: 129
  • Posts: 3945
Joined: Dec 23, 2009
July 26th, 2014 at 1:15:49 PM permalink
Quote: coilman

Give me MCWICKED in the 12th

oppsss sorry wrong bred of horses

carry on

http://www.meadowsgaming.com/racing



Wow! What a pick! Hopefully you bet $20,000, so you could have won $4000
coilman
coilman
  • Threads: 139
  • Posts: 1160
Joined: Jan 29, 2012
July 26th, 2014 at 1:54:07 PM permalink
Quote: FinsRule

Wow! What a pick! Hopefully you bet $20,000, so you could have won $4000



played the exactor for $20 ...small profit on that race and down about $40 on the day

but the day isn't over
FinsRule
FinsRule
  • Threads: 129
  • Posts: 3945
Joined: Dec 23, 2009
July 26th, 2014 at 3:01:33 PM permalink
Hope you know I was joking. Tough to make money on 1-5 horses though.
DrawingDead
DrawingDead
  • Threads: 9
  • Posts: 2297
Joined: Jun 13, 2014
July 26th, 2014 at 3:38:14 PM permalink
It isn't exactly what a lot of bettors would like to hear, but this is what I believe Christophe Clement is likely to say to Rosario about the Jim Dandy: "Good job, Joel."
Suck dope, watch TV, make up stuff, be somebody on the internet.
ThatDonGuy
ThatDonGuy
  • Threads: 122
  • Posts: 6742
Joined: Jun 22, 2011
July 26th, 2014 at 3:47:01 PM permalink
Quote: FinsRule

Harness and QH is welcome in this thread. No Arabians though.


What about Appys? After all, it is fair season out here... (Then again, for some reason, most fairs have replaced Appaloosa races with mule races.)
FinsRule
FinsRule
  • Threads: 129
  • Posts: 3945
Joined: Dec 23, 2009
July 26th, 2014 at 5:22:20 PM permalink
Quote: ThatDonGuy

What about Appys? After all, it is fair season out here... (Then again, for some reason, most fairs have replaced Appaloosa races with mule races.)



Mule races are great.
FinsRule
FinsRule
  • Threads: 129
  • Posts: 3945
Joined: Dec 23, 2009
July 26th, 2014 at 5:22:55 PM permalink
Quote: DrawingDead

It isn't exactly what a lot of bettors would like to hear, but this is what I believe Christophe Clement is likely to say to Rosario about the Jim Dandy: "Good job, Joel."



Probably, but WS did look great.
DrawingDead
DrawingDead
  • Threads: 9
  • Posts: 2297
Joined: Jun 13, 2014
July 26th, 2014 at 10:40:21 PM permalink
Quote: FinsRule

Quote: DrawingDead

It isn't exactly what a lot of bettors would like to hear, but this is what I believe Christophe Clement is likely to say to Rosario about the Jim Dandy: "Good job, Joel."



Probably, but WS did look great.

Yes. The blinkers had exactly the effect they're usually intended to have, he was more aggressive, the final furlong was twelve & change, and I thought he ran a bang-up race.
Suck dope, watch TV, make up stuff, be somebody on the internet.
appistapp1s
appistapp1s
  • Threads: 1
  • Posts: 40
Joined: Nov 18, 2011
July 27th, 2014 at 12:14:41 AM permalink
looks like the likely super in the Haskell will come from the outside.....I got the contenders as 6,7,8,9
FinsRule
FinsRule
  • Threads: 129
  • Posts: 3945
Joined: Dec 23, 2009
July 27th, 2014 at 2:47:04 PM permalink
Not sure about Untapable. I'm kinda liking Wildcat Red.
DrawingDead
DrawingDead
  • Threads: 9
  • Posts: 2297
Joined: Jun 13, 2014
August 1st, 2014 at 11:27:01 AM permalink
Anybody think they have an "Onion" for the Whitney tomorrow? One that likes to get wet?
Suck dope, watch TV, make up stuff, be somebody on the internet.
FinsRule
FinsRule
  • Threads: 129
  • Posts: 3945
Joined: Dec 23, 2009
August 2nd, 2014 at 4:53:41 AM permalink
Palace Malice even money??? Terrible bet.
DrawingDead
DrawingDead
  • Threads: 9
  • Posts: 2297
Joined: Jun 13, 2014
August 2nd, 2014 at 5:18:10 AM permalink
Quote: FinsRule

Palace Malice even money??? Terrible bet.

Yes, he's turned into a very good horse, but I can't see betting him. I don't think the tote board will even offer as much as $4 on the nose by the time they load.
Suck dope, watch TV, make up stuff, be somebody on the internet.
Buzzard
Buzzard
  • Threads: 90
  • Posts: 6814
Joined: Oct 28, 2012
August 2nd, 2014 at 7:15:44 AM permalink
Gee, I was thinking of betting against him. But then I read two posts that are making me re-consider my decision.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
Johnzimbo
Johnzimbo
  • Threads: 4
  • Posts: 1189
Joined: Sep 29, 2010
August 2nd, 2014 at 7:35:35 AM permalink
I'll watch and root for Palace but not bet on him. He sure looks to be the favorite for the BC Classic as of now.
FinsRule
FinsRule
  • Threads: 129
  • Posts: 3945
Joined: Dec 23, 2009
August 2nd, 2014 at 8:14:02 AM permalink
I'm not betting on Palace to win the BCC either. California has so much of a homefield advantage. Although, I'm not sure if there's a Cali horse worthy this year. Maybe the toteboard lights up this year...
coilman
coilman
  • Threads: 139
  • Posts: 1160
Joined: Jan 29, 2012
August 2nd, 2014 at 8:38:10 AM permalink
If you get bored waiting for the next race today you might take the time to tune into a whole card of AMAZING RACES at THE BIG M

http://www.ustrotting.com/trackside/hambletonian/pdf/mxx080214.pdf

weather permitting the 5th race should produce a world record for fastest race mile ever by a standardbred sub 146.4


http://www.thebigm.com/video.aspx?id=252
FinsRule
FinsRule
  • Threads: 129
  • Posts: 3945
Joined: Dec 23, 2009
August 2nd, 2014 at 6:07:46 PM permalink
Enjoyed hambo day. Except for the Hambletonian itself. How awful was that?
FinsRule
FinsRule
  • Threads: 129
  • Posts: 3945
Joined: Dec 23, 2009
August 9th, 2014 at 7:34:28 AM permalink
Anything I need to know for today?

I hit the Dan Patch super yesterday for $116.00. A 1-5 shot won. Easy money.
coilman
coilman
  • Threads: 139
  • Posts: 1160
Joined: Jan 29, 2012
August 9th, 2014 at 11:06:13 AM permalink
Quote: FinsRule

Anything I need to know for today?

I hit the Dan Patch super yesterday for $116.00. A 1-5 shot won. Easy money.



Won by SWEET LOU .... the horse that had the chance to go the fastest mile every by a standardbred on HAMBO day

that makes in 6 races in a row SUB 148 mile wins for SWEET LOU ..... unheard of

its funny you mention that race because on another harness racing board I put the race up and mentioned the TORONTO top driver Jody Jamieson got no respect in that same race.... looked good on him ...driving the 8 in the race

nothing really exciting today in racing

https://www.youtube.com/watch?v=qOw2lFxEhqA
FinsRule
FinsRule
  • Threads: 129
  • Posts: 3945
Joined: Dec 23, 2009
August 16th, 2014 at 5:37:31 AM permalink
It's Arlington Million day! I'll be there 2nd floor - Grandstand. I'm thinking it's a longshot kind of day...
aceofspades
aceofspades
  • Threads: 366
  • Posts: 6506
Joined: Apr 4, 2012
August 16th, 2014 at 5:50:29 AM permalink
My thoughts on harness racing:


DrawingDead
DrawingDead
  • Threads: 9
  • Posts: 2297
Joined: Jun 13, 2014
August 16th, 2014 at 7:29:14 AM permalink
The afternoon weather forcast for Chicago today is iffy at best. Could be a soggy lawn by the time the Million goes to post.

The Bloodhorse write-up of the Million includes some replays of races by several the author considers key contenders:

http://bleacherreport.com/articles/2164514-real-solution-looking-to-defend-title-in-arlington-million?utm_source=8%2F16+Sat+NEWS+3+-+1%2FBetAmerica+2%2FDerbyWars+3%2FMcPeek&utm_campaign=8%2F16+Horse+Races+Now+News&utm_medium=email

The Irish colt Belisarius came up sick yesterday (coughing) and will be a scratch from The Secretariat (AP Race 8, #3).
Suck dope, watch TV, make up stuff, be somebody on the internet.
DrawingDead
DrawingDead
  • Threads: 9
  • Posts: 2297
Joined: Jun 13, 2014
August 16th, 2014 at 7:41:22 AM permalink
Quote: aceofspades

My thoughts on harness racing:

Someone who works in one of the books on-Strip, who I happen to know from some common interests outside of his job, once made a crack to me that he thinks he ought to be able to hand one of those Gaming Control Board sponsored "When The Fun Stops" pamphlets for desperate degenerates who need rehab to anyone making a bet on trotters. I disagree; I think it should be mandatory for the poor b@st@rds.
Suck dope, watch TV, make up stuff, be somebody on the internet.
FinsRule
FinsRule
  • Threads: 129
  • Posts: 3945
Joined: Dec 23, 2009
August 16th, 2014 at 7:46:08 AM permalink
I think the turf will end up being listed as firm. The course can handle a lot, and it probably won't get much at all. May be good if not firm.
GWAE
GWAE
  • Threads: 93
  • Posts: 9854
Joined: Sep 20, 2013
August 16th, 2014 at 8:40:37 AM permalink
We never go to the track but last night we went to the Meadows with the kids. We went bowling and then watched a few races
The last race we watched, I think race 8, I put up a couple bets. I did an exacta with 6-5. Number 6 finished about a quarter track behind the pack. I don't think I could have been any more wrong.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
FinsRule
FinsRule
  • Threads: 129
  • Posts: 3945
Joined: Dec 23, 2009
September 27th, 2014 at 11:04:39 AM permalink
It's Super Saturday at Belmont and a huge day over at Santa Anita as well. I'm hoping Shared Belief just destroys everyone. I'm in the Twinspires contest today, anyone have a longshot I can play?
FinsRule
FinsRule
  • Threads: 129
  • Posts: 3945
Joined: Dec 23, 2009
October 4th, 2014 at 6:35:09 AM permalink
I'm in a ton of contests today covering all of the major races at Keeneland, Belmont, Santa Anita.

Anyone have any good plays?
DrawingDead
DrawingDead
  • Threads: 9
  • Posts: 2297
Joined: Jun 13, 2014
October 9th, 2014 at 2:42:45 PM permalink
For about a week Wynn has had a future book line up for betting the winner of the May 2nd of 2015 Kentucky Derby. Someone will say this is insane. Well, yeah, probably at least a little nuts, though since the two year-olds have begun running stakes including some of them at two turn distances it is an insanity that's likely to generate some speculative interest.

There are 288 eligible betting interests listed at fixed odds ranging up to 500:1. Unlike the Churchill Downs pari-mutual Derby futures pools that will open later, the "field" is not available as a betting option. Here are the 18 colts who are listed at something less than triple-digits, with opening/current odds to a dollar: American Pharoah (40/12), Bofeld (100/65), Calculator (100/60), Carpe Diem (100/40), Competitive Edge (60/50), Cozmic One 60/60, Daredevil (85/60), El Kabeir (65/45), First Down (100/60), Hashtag Bourbon (60/60), I Spent It (50/55), Jess's Dream (60/60), Keen Ice (150/70), Lord Nelson (85/85), Lucky Player (60/60), Savoy Stomp (75/75), Souper Colossal (100/75), Texas Red (225/85).

In my opinion, taking anything at a price below 25:1 for real money at this point is truly nutty degeneracy (not that there's anything wrong with that) and the price on American Pharoah is beyond merely garden variety insane and something I attribute to the betting action generated by Las Vegas' proximity to several tens of millions of Califidiots. If I was going to consider getting on anything in this now, I might find Carpe Diem and possibly Daredevil a bit interesting.
Suck dope, watch TV, make up stuff, be somebody on the internet.
beachbumbabs
beachbumbabs
  • Threads: 101
  • Posts: 14268
Joined: May 21, 2013
October 9th, 2014 at 3:01:30 PM permalink
Quote: DrawingDead

For about a week Wynn has had a future book line up for betting the winner of the Kentucky Derby on May 2nd of 2015. Someone will say this is insane. Well, yeah, probably at least a little nuts, though since the two year-olds have begun running stakes including some of them at two turn distances it is an insanity that's likely to generate some speculative interest.

There are 288 eligible betting interests listed at fixed odds ranging up to 500:1. Unlike the Churchill Downs pari-mutual Derby futures pools that will open later, the "field" is not available as a betting option. Here are the 18 colts who are listed at something less than triple-digits, with opening/current odds to a dollar: American Pharoah (40/12), Bofeld (100/65), Calculator (100/60), Carpe Diem (100/40), Competitive Edge (60/50), Cozmic One 60/60, Daredevil (85/60), El Kabeir (65/45), First Down (100/60), Hashtag Bourbon (60/60), I Spent It (50/55), Jess's Dream (60/60), Keen Ice (150/70), Lord Nelson (85/85), Lucky Player (60/60), Savoy Stomp (75/75), Souper Colossal (100/75), Texas Red (225/85).

In my opinion, taking anything at a price below 25:1 for real money at this point is truly nutty degeneracy (not that there's anything wrong with that) and the price on American Pharoah is beyond merely garden variety insane and something I attribute to the betting action generated by Las Vegas' proximity to several tens of millions of Califidiots. If I was going to consider getting on anything in this now, I might find Carpe Diem and possibly Daredevil a bit interesting.



What happens to a futures bet if the horse doesn't make the field? Refund, too bad for you pal, some other option?
If the House lost every hand, they wouldn't deal the game.
FinsRule
FinsRule
  • Threads: 129
  • Posts: 3945
Joined: Dec 23, 2009
October 9th, 2014 at 3:05:30 PM permalink
Too bad for you.
DrawingDead
DrawingDead
  • Threads: 9
  • Posts: 2297
Joined: Jun 13, 2014
October 9th, 2014 at 3:17:05 PM permalink
Quote: beachbumbabs

What happens to a futures bet if the horse doesn't make the field? Refund, too bad for you pal, some other option?

The bet is a loser.

And I believe you have identified the most common mistake in betting these kinds of futures: most of the risk is not in correctly evaluating the colt's capability of winning the event, it is in making it to the starting gate for it at all. They get ill, they get injured, they have other training setbacks in their development and preparation, they can fail to qualify for the field due to simple random bad luck in an essential qualifying prep race... This relative imbalance between racing ability vs. other risks is still true when the race is only several weeks out, and of course is magnified with more time. That is why I said I wouldn't care to consider anything at a price under 25:1 seven months prior with my money. That would still be true if the betting interest was named Secretariat. It has been my experience that no matter how talented & potentially well suited to the specific task, at this point the probability of any colt making it to any track anywhere on the first Saturday in May in good order and peak fitness is significantly less than 25%.
Suck dope, watch TV, make up stuff, be somebody on the internet.
ThatDonGuy
ThatDonGuy
  • Threads: 122
  • Posts: 6742
Joined: Jun 22, 2011
October 10th, 2014 at 9:30:58 AM permalink
Quote: DrawingDead

For about a week Wynn has had a future book line up for betting the winner of the May 2nd of 2015 Kentucky Derby. Someone will say this is insane. Well, yeah, probably at least a little nuts, though since the two year-olds have begun running stakes including some of them at two turn distances it is an insanity that's likely to generate some speculative interest.

There are 288 eligible betting interests listed at fixed odds ranging up to 500:1. Unlike the Churchill Downs pari-mutual Derby futures pools that will open later, the "field" is not available as a betting option. Here are the 18 colts who are listed at something less than triple-digits, with opening/current odds to a dollar: American Pharoah (40/12), Bofeld (100/65), Calculator (100/60), Carpe Diem (100/40), Competitive Edge (60/50), Cozmic One 60/60, Daredevil (85/60), El Kabeir (65/45), First Down (100/60), Hashtag Bourbon (60/60), I Spent It (50/55), Jess's Dream (60/60), Keen Ice (150/70), Lord Nelson (85/85), Lucky Player (60/60), Savoy Stomp (75/75), Souper Colossal (100/75), Texas Red (225/85).


A couple of years ago, you could have gotten 18-1 on Cozmic One or Jess's Dream...to start the 2015 Derby. (Keep in mind that this was still before Cozmic One even had a name.)
Wizard
Administrator
Wizard
  • Threads: 1520
  • Posts: 27125
Joined: Oct 14, 2009
March 4th, 2015 at 12:44:41 PM permalink
What is a lay bet in horse racing? I think it means that the specified horse will not show (finish in the top three) but I'm not sure.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
EdCollins
EdCollins
  • Threads: 20
  • Posts: 1739
Joined: Oct 21, 2011
March 4th, 2015 at 2:15:01 PM permalink
Quote: Wizard

What is a lay bet in horse racing? I think it means that the specified horse will not show (finish in the top three) but I'm not sure.


I hadn't heard that term in horse racing before. But it appears you're correct:

http://www.ramtips.me.uk/lay-betting-guide.htm
Aussie
Aussie
  • Threads: 12
  • Posts: 415
Joined: Dec 29, 2009
March 5th, 2015 at 3:20:54 AM permalink
Quote: Wizard

What is a lay bet in horse racing? I think it means that the specified horse will not show (finish in the top three) but I'm not sure.




Same as in craps - for that option NOT to occur. If you lay it in the win market you want it to NOT win. If you lay it in the place (what you call show) market you want it NOT to run in the 1st 3.

Has betfair prompted this question?
FinsRule
FinsRule
  • Threads: 129
  • Posts: 3945
Joined: Dec 23, 2009
March 5th, 2015 at 4:20:20 AM permalink
Hopefully exchange betting will come to the US soon. I'd love to find vulnerable favorites to lay on.
Wizard
Administrator
Wizard
  • Threads: 1520
  • Posts: 27125
Joined: Oct 14, 2009
March 5th, 2015 at 7:57:48 AM permalink
Quote: Aussie

Same as in craps - for that option NOT to occur. If you lay it in the win market you want it to NOT win. If you lay it in the place (what you call show) market you want it NOT to run in the 1st 3.

Has betfair prompted this question?



I, of course, know what "lay" generally means when it comes to gambling. No, it isn't Betfair but Betsoft. They have a horse racing game where the player has the choices of win, show and lay. It doesn't say what a lay bet is, but when I bet every horse on the lay, all but the horses that finished in the top three won.

"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
Aussie
Aussie
  • Threads: 12
  • Posts: 415
Joined: Dec 29, 2009
March 5th, 2015 at 2:35:44 PM permalink
Quote: FinsRule

Hopefully exchange betting will come to the US soon. I'd love to find vulnerable favorites to lay on.




Betfair has markets on US racing now but I assume you wouldnt be able to legally bet with them? If I remember correctly the site didn't allow me to place bets last time I was visiting. You could get around it with a VPN though.

There doesn't appear to much liquidity in the US horse racing markets which makes it more difficult to get a worthwhile sized bet as well as resulting in market percentages being not very good. I would imagine this would change if US residents were able to bet though.



Wiz - Yep sounds like in this game it must be lay for top 3.
DrawingDead
DrawingDead
  • Threads: 9
  • Posts: 2297
Joined: Jun 13, 2014
March 5th, 2015 at 4:38:05 PM permalink
Betfair is a large operator of one of the major national US race wagering platforms through their ownership of TVG: http://www.drf.com/news/tvg-posts-higher-revenue-most-recent-quarter
Along with their pari-mutual advance deposit race wagering platform in the US (with all wagers co-mingled with the host track's pools) TVG/Betfair is also the operator of the larger of the two major nationwide racing television broadcast channels. They also own a New Jersey licensed online gambling operation for other forms of gaming which I understand has a trivially small amount of business, limited to those physically in that State.

Proposals for exchange wagering have not been approved by any of the State licensing jurisdictions that have considered it, and it is not legally available within the US. Of course the same purpose as a "lay" wager is easily accomplished through proportional wagering on the other entries in the pari-mutual win, place, or show pools, or through omitting the "lay against" target(s) from a series of combinations in exacta wagers, for another example.
Suck dope, watch TV, make up stuff, be somebody on the internet.
Aussie
Aussie
  • Threads: 12
  • Posts: 415
Joined: Dec 29, 2009
March 5th, 2015 at 4:58:21 PM permalink
"Laying" a runner by betting on every other runner is not a very efficient way to accomplish this. In fact, with 20%+ takeouts in parimutuel pools I would say it's a terrible way to lay. Just wait unitil you are allowed to use exchanges like Betfair. You will find markets with the equivalent of less than 1% takeout on both the back and lay sides (less than 101% for back and greater than 99% for lay).
DrawingDead
DrawingDead
  • Threads: 9
  • Posts: 2297
Joined: Jun 13, 2014
March 5th, 2015 at 5:01:20 PM permalink
The amount of takeout is not determined by anything intrinsic to the wagering format, it is due to the law governing the takeout in large part for State tax revenue. When takeout for a wager type is 15%, as it is in California racing for example, it is due to taxation and the hold for purse distribution and track operation. To be approved for legal wagering in any US jurisdiction a lay wager format would be subject to similar hold for distribution to the the State & the horsemen & the track. The fact that Betfair's proposals for exchange wagering were outside of track pools and thus did not provide the same compensation to those putting on the race and revenue to the State is the reason exchange wagering is not legal within the US. The lay wager format is not the reason. Tracks could quickly receive approval to offer it right now if there was a demand, at similar takeout rates to what they already have. Takeout rates are irrelevant to the efficiency of doing so; the lay wager would remain just as efficient or inefficient as wagering on some or all of the other entries, with the same takeout.
Suck dope, watch TV, make up stuff, be somebody on the internet.
  • Jump to: