Sports Betting

stark
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Tue May 15, 2018 8:38 pm

Big Ten wrote:Crossover betting could help horse racing.

http://www.espn.com/chalk/story/_/id/23 ... rse-racing
"I was at the Golden Nugget for about a year and a half, and we had a race and sportsbook together," Andrews said. "And as a lot of guys were just kinda sitting around watching the games or waiting for them to start, they would play some horses -- that's kind of the mentality of a gambler. I wouldn't necessarily say they were real horse players, but it was right in front of them, and they definitely did it a little bit. If they [offer sports betting] in these racinos or at the horse track, I think you'll get a little spillover from that.
Thinking back to the early days of the memorable books in Vegas casinos, from The Stardust to Caesers to The Hilton, I will agree that there were some occasional crossover bettors sighted. But by far, there were those who held the other crowd in total disdain, sports bettors didn't like horseplayers and vice versa. Today's theme is showcased at The South Point Casino (where Andrews is currently) where they proudly advertise separate rooms for each kind of player. Hope horse racing isn't counting on that for a revenue stream.
I've found it easier to tear up tickets at 8/1 instead of 8/5.
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Big Ten
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Wed May 16, 2018 12:42 am

California legalized recreational marijuana, so I should be more than okay with this. It's like having access to a sports book in my state. I already have an online sports betting account, so it doesn't really affect me. Just makes it more accessible.

One of the reasons I followed horse racing was the gambling aspect of it. I don't gamble as much as before and have an annual budget of a few hundred bucks per year with it. I think there is more butterflies in my stomach and a thrill if money is on the line.

My favorite sports is NBA basketball, then horse racing, and then NFL football. I can watch some MLB baseball on occasion as well as boxing and MMA. I just recently won some money on the Celtics after they killed my Sixers bet. I can wager soon on NBA games and on horses at the same place.

Love it. Crossover betting.

https://www.sfchronicle.com/nation/arti ... 914120.php
“To prevent expansion of gaming and have it online, it would be good to have it at brick-and-mortar facilities,” said Tim Ritvo, chief operating officer of Stronach Group, which owns Golden Gate Fields, Santa Anita and several other major tracks. “They can bet a ballgame, can bet on horses in between. It could be an embracing moment where we complete the entertainment experience for the customers who have been doing it illegally for years.”
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stark
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Fri May 18, 2018 10:13 am

I've found it easier to tear up tickets at 8/1 instead of 8/5.
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Sparrow Castle
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Mon Jun 11, 2018 4:19 pm

Sports Betting Gets Green Light in New Jersey
...In a Monday statement, Murphy said, “I’m thrilled to sign Assembly Bill 4111, because it means that our casinos in Atlantic City and our racetracks throughout our state can attract new business and new fans, boosting their own long-term financial prospects.”

On Wednesday, the New Jersey Racing Commission will hold a meeting to review regulations related to the establishment of sports betting at New Jersey racetracks. Once the meeting is complete, Murphy will be able to ratify the Racing Commission’s decision and licensed racetracks will then be able to apply for a temporary waiver to commence sports betting.

With betting expected to begin Thursday at Monmouth, the Oceanport oval is in position to unlock a new revenue stream that will likely improve purses and race dates, according to Drazin.
More: http://www.thoroughbreddailynews.com/sp ... new-jersey
Rick1323
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Mon Jun 11, 2018 5:57 pm

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,,,,,
Everyone come home sound.....
Apollo
Posts: 293
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Mon Jun 11, 2018 11:43 pm

stark wrote:
Big Ten wrote:Crossover betting could help horse racing.

http://www.espn.com/chalk/story/_/id/23 ... rse-racing
"I was at the Golden Nugget for about a year and a half, and we had a race and sportsbook together," Andrews said. "And as a lot of guys were just kinda sitting around watching the games or waiting for them to start, they would play some horses -- that's kind of the mentality of a gambler. I wouldn't necessarily say they were real horse players, but it was right in front of them, and they definitely did it a little bit. If they [offer sports betting] in these racinos or at the horse track, I think you'll get a little spillover from that.
Thinking back to the early days of the memorable books in Vegas casinos, from The Stardust to Caesers to The Hilton, I will agree that there were some occasional crossover bettors sighted. But by far, there were those who held the other crowd in total disdain, sports bettors didn't like horseplayers and vice versa. Today's theme is showcased at The South Point Casino (where Andrews is currently) where they proudly advertise separate rooms for each kind of player. Hope horse racing isn't counting on that for a revenue stream.
I didn't see a heck of a lot of disdain. Definitely a different crowd and not nearly as much crossover as one might expect. But it was more of a complete fixation on what was in front of you, and basically not caring what the other side was doing. That's why most race and sportsbooks quickly learned to separate the two areas and in some cases they weren't anywhere near each other. When I worked at the Horseshoe sportsbook it was a hike to reach the race book. Even the wise guy joints like Churchill Downs, Gary Austin's and Santa Anita all had separate rooms for race and sports.

The early Golden Nugget was definitely a different set up because the book itself was so tiny with very little seating. It was incredibly crammed given how much action they were taking. The first time I walked in there in the late '80s I couldn't believe they were trying to run a race book out of so little territory.

As I've mentioned, to get the sports guys crossing over you need things like head to head matchups with low juice. The MGM Grand started offering matchups for big money maybe 20 years ago. They had a race book manager who would shade the lines based on his own opinion. That immediately drew the attention of sports guys who were plunking down five figure wagers on those matchups. I know I've told the story many times on how that MGM guy suckered many of us in on Artax in the Derby. Artax was roughly 10-1 but the matchup was a 30-1 shot slightly favored over Artax. We jumped in with both fists and got it shoved up our rear.

I will never stop hating Artax, who deserves to be punched multiple times every day.
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bare it all
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Tue Jun 12, 2018 12:44 pm

Apollo wrote: I will never stop hating Artax, who deserves to be punched multiple times every day.
I quite honestly laughed out loud at this. I'm sorry for the cash loss, but thats just a pure gold statement. :lol:
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Sparrow Castle
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Wed Jun 13, 2018 6:02 pm

William Hill US Verified account @WilliamHillUS
2h2 hours ago
The first sports bet at @MonmouthPark Sports Book by William Hill will be at 10:30am on Thursday, June 14th.
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honneerider
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Wed Jun 13, 2018 9:43 pm

Pretty fitting that Dennis Drazin, president and CEO of Darby Development LLC, which operates Monmouth Park, has a 2 yr old named
SPORTS BETTING (#5, 6/5), finished 1st at Monmouth Park in Race 1, a 4 1/2 Furlong Dirt $36,000 MAIDEN SPECIAL WEIGHT.
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Sparrow Castle
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Wed Jun 13, 2018 9:46 pm

honneerider wrote:Pretty fitting that Dennis Drazin, president and CEO of Darby Development LLC, which operates Monmouth Park, has a 2 yr old named
SPORTS BETTING (#5, 6/5), finished 1st at Monmouth Park in Race 1, a 4 1/2 Furlong Dirt $36,000 MAIDEN SPECIAL WEIGHT.
LOL.
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Treve
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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
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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
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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
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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
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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
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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
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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
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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
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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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