Sports Betting

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Treve
Posts: 4267
Joined: Fri May 08, 2015 5:12 pm

Thu Jun 14, 2018 12:36 am

Good omen :lol:
A filly named Ruffian...

Eine Stute namens Danedream...

Une pouliche se nommant Trêve...

Kincsem nevű kanca...


And a Queen named Beholder
PJMIII
Posts: 9550
Joined: Fri Sep 13, 2013 7:12 am

Fri Jun 22, 2018 8:49 am

Sports Wagering Legislation Not Advanced in New York

Sports gambling expected to again be discussed during spring state budget process.

https://www.bloodhorse.com/horse-racing ... n-new-york
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Sparrow Castle
Posts: 4760
Joined: Wed Sep 18, 2013 6:44 pm

Thu Jul 05, 2018 2:55 pm

Delaware Tracks Handle $7 Million During First 20 Days of Sports Betting
The Delaware Lottery Commission is reporting that $7 million was wagered on sports at the state’s three racetracks from June 5 through June 24 and that the total revenue from the sports wagering was $1,000,247.

June 5 is the day sports betting began and June 24 is the final day of the fiscal month.

Sports betting is available at three Delaware tracks, Delaware Park and the harness tracks Dover Downs and Harrington Raceway. Delaware was the first state to offer sports betting after the Supreme Court struck down the Professional and Amateur Sports Protection Act.

Delaware bettors either had a particularly unlucky month or aren’t particularly savvy sports handicappers. They lost 14% of all money wagered. Traditionally, sports bettors in Nevada lose about 5 to 6% of their total handle.

After the state and the companies operating the sports books took their share, $352,256 was left over. Delaware Park, which easily outhandled both harness tracks, took in $263,924 in revenue and $62,715 was added to the purse account. There were 50,934 individual wagers made during the 20-day period at Delaware.

“Any time we can add any money to our purse account we are happy,” said Bessie Gruwell, the executive director of the Delaware Thoroughbred Horsemen’s Association. “I’m glad that this started when it did, at a time when there aren’t a lot of sports to bet on, because they have some kinks to work out. They shut down at 11 p.m., so they had to, on one occasion, turn everyone away in the middle of one of the NBA finals game. There’s also been long lines. But, hopefully, they should have everything working much better by the time the NFL and college football games start. If they do, and with the popularity of those sports, I would imagine that $62,000 figure would grow quite a bit.”

Delaware is the only state that has legalized sports betting where the tracks are required to contribute a portion of the profits to purses.
More: http://www.thoroughbreddailynews.com/de ... ts-betting
PJMIII
Posts: 9550
Joined: Fri Sep 13, 2013 7:12 am

Sat Jul 14, 2018 9:14 am

New Jersey reports $16.4 million in sports bets for June

Total handle on New Jersey sports betting in June was $16.4 million, according to the state’s Division of Gaming Enforcement, with slightly less than half bet at Monmouth Park’s sportsbook.

Handle at Monmouth’s sportsbook, which was open for 17 days in June, was $8,176,212, according to the head of the company that operates the track, Dennis Drazin, for a market share of nearly 50 percent.

Only two other bookmaking locations were open in the state during June – Atlantic City’s Borgata Casino, also open for 17 days, and Ocean Resort, open only three days.


http://www.drf.com/news/new-jersey-repo ... -bets-june
djnorth
Posts: 136
Joined: Wed Sep 25, 2013 8:52 am

Sat Jul 14, 2018 9:43 am

Rick1323 wrote:Most states will screw this up. The odds are long established at bet 6 to win 5. But you have to be willing to take the occasional loss if you want to book bets. States don't have the appitite for any kind of loss. So they will either screw with the odds, say bet 7 to win 5, or they will chrge a commission for a bet. 5% might work, 10% serious bettors will stick with off shore or illegal bookies,,,,,
Should they even decide to do it, Ohio will make the biggest mess of them all. I've lived here most of my life and their handling of casino licenses and other unrelated issues is nothing short of amazing. Some of those vaunted legislators won't be able to believe that there are people out there who would actually watch the Buckeyes and BET on (or even worse!) AGAINST them!

Ohio to bungle sports betting epically. Book it.
stark
Posts: 4012
Joined: Thu Oct 03, 2013 9:55 am
Location: SoCal

Sat Jul 14, 2018 10:37 am

djnorth wrote: Should they even decide to do it, Ohio will make the biggest mess of them all. I've lived here most of my life and their handling of casino licenses and other unrelated issues is nothing short of amazing. Some of those vaunted legislators won't be able to believe that there are people out there who would actually watch the Buckeyes and BET on (or even worse!) AGAINST them!

Ohio to bungle sports betting epically. Book it.
I will see your Ohio and raise you one California.
No way will we be able to compete with LasVegas, Reno, Off-shore, and still keep all our politicians and Indians happy, no way!!!
I've found it easier to tear up tickets at 8/1 instead of 8/5.
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Treve
Posts: 4267
Joined: Fri May 08, 2015 5:12 pm

Wed Aug 15, 2018 3:02 pm

Sports Wagering Has Monmouth, Delaware Optimistic
https://www.bloodhorse.com/horse-racing ... optimistic

The impact has been positive so far. Good on Monmouth for including new fun bets on the horses, that's exactly how they'll attract the regular sports betting crowd to the ponies, I'd think.
A filly named Ruffian...

Eine Stute namens Danedream...

Une pouliche se nommant Trêve...

Kincsem nevű kanca...


And a Queen named Beholder
Apollo
Posts: 293
Joined: Thu Sep 26, 2013 1:05 pm

Sun Aug 19, 2018 3:16 am

Treve wrote:
Wed Aug 15, 2018 3:02 pm
Sports Wagering Has Monmouth, Delaware Optimistic
https://www.bloodhorse.com/horse-racing ... optimistic

The impact has been positive so far. Good on Monmouth for including new fun bets on the horses, that's exactly how they'll attract the regular sports betting crowd to the ponies, I'd think.
Great to see. I've been calling for that for years. That's a 30 cent cut on matchups and not 20, but still okay and dramatically lower juice than parimutuel, assuming everything else in the payout structure is the same. I have to say I'm not sure about that. If I bet 130 on a matchup at -130 and the horse wins the matchup, do I collect the full 230 like Las Vegas, or is some type of screw job involved?

I wonder if the typical track regular and race bettor will figure out the juice difference? Probably not many of them will. Tough to break tendencies and biases.
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ElPrado2
Posts: 1565
Joined: Thu Sep 12, 2013 7:45 pm

Sun Aug 19, 2018 4:15 am

I'll see your California and raise you Florida. Can you just hear Great Aunt Amelia get going on the Miami Dolphins?
stark
Posts: 4012
Joined: Thu Oct 03, 2013 9:55 am
Location: SoCal

Mon Aug 20, 2018 6:37 pm

I've found it easier to tear up tickets at 8/1 instead of 8/5.
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