fixed-odds wagering

Dark Angel’s Battaash Leaves King George Rivals In His Dust

In an exhibition of pure sprinting prowess, Sheikh Hamdan bin Rashid al Maktoum's Battaash (Ire) (Dark Angel {Ire}) brought all his power to bear on his rivals on Friday to register back-to-back successes in Goodwood's G2 King George Qatar S. Despite the contrasting ground conditions to the easy turf he encountered 12 months ago and the obvious questions posed by defeat in the June 19 G1 King's Stand S. at Royal Ascot, the bay attracted heavy support as the 8-11 favourite and was in front before he had raced two...

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Classic Empire Claiming Crown Handle Tops $10M

The 17th edition of the Claiming Crown, held Saturday at Gulfstream Park, generated total handle of $10,118,000--up 0.57% from 2014 despite rainy conditions which caused four races to be taken off the turf. Gulfstream was hosting the event for the fourth year. "We're extremely pleased with the success of Saturday's Claiming Crown," said P.J. Campo, General Manager of Gulfstream Park and Vice President of Racing for The Stronach Group. "We had big fields and tremendous participation from horsemen throughout North America. We're confident the numbers would have been even more...

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Anti Stallion Cap Amendment Added to KY Fixed-Odds Bill

A floor amendment has been added to HB 904--a sweeping piece of legislation seeking to legalize fixed-odds wagering in Kentucky--that is designed to essentially ensure no limit can be imposed on the number of mares bred to a stallion in the state. It requires that the Kentucky Horse Racing and Gaming Corporation select and use an entity to act as "a registrar of Thoroughbreds" in the state, meaning it could choose an organization other than The Jockey Club, which is the current breed registry for the U.S., Canada and Puerto...

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Koch Q&A on KY Fixed-Odds Bill: Predictive Markets ‘Absolutely Cannibalizing’ Other Gambling

Last week, Republican Representatives Matthew Koch and Michael Meredith introduced into the Kentucky state legislature a sweeping gambling bill with several key components, including legalized fixed-odds wagering in Kentucky along with efforts to essentially expand and modernize its gambling infrastructure. Unlike the fluctuating odds that make up pari-mutuel betting, fixed odds is a form of betting in which the payout odds are set and agreed upon at the time the wager is placed. Crucially, they do not change. Among other aspects of the bill, it requires tracks and tote companies...

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Fixed-Odds Bill Introduced Into Kentucky State Legislature

Fixed-odds wagering has already made it to states like New Jersey and Colorado. It could also be a fixture in Kentucky thanks to a bill just introduced into the state legislature by Republican Representatives Matthew Koch and Michael Meredith. HB 904 is a sweeping piece of legislation with several key components designed to essentially expand and modernize the gambling infrastructure in the state. The contextual background of this bill appears to be an attempt to seriously grapple with the impacts from Computer Assisted Wagering (CAW) on the betting pools. Unlike...

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