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By Wandering Eyes · Posted
Keeping a 3-year-old in its comfort zone can be difficult when there are rich rewards for taking a gamble. View the full article -
By Wandering Eyes · Posted
Scandinavia slowly but surely inched his way past his stablemate and the favorite Illinois to earn his first graded stakes win in the Goodwood Cup (G1) July 29. View the full article -
That horse of Mark Jones hasn't raced in Southland and had a trial only last week at Ashburton, really, makes a mockery. House don't live in Southland, shouldn't be there either, oh well harness racing is full of manipulators, manipulators of the rating system as well , why makes rules, many don't enforce them, it's simple southern trainers liveing South of the Waitaki. -
By Wandering Eyes · Posted
After growing clamor among horse players about the role that Computer Assisted Wagering (CAW) players had in driving a spate of marked late odds changes at Del Mar this summer, track officials announced Tuesday that starting this Thursday, they would close CAW access to its win pools at two minutes before the off time. “I'm really pleased. This is a stepping stone to getting things right as it effectively creates a retail only pool, and it stabilizes prices,” said Marshall Gramm, an economics professor at Rhodes College in Tennessee and someone who has studied the effects of CAW teams across the country. At the same time, more could be done to “stabilize pricing” in all the visible non-win pools at the track, said Gramm. “But this is certainly going to help things,” Gramm said about Tuesday's announcement. “It's a big step in the right direction.” The debate around CAW players typically surrounds the major edge they wield over regular gamblers thanks to their use of sophisticated technologies that allow them to precisely read the markets and to place massive wagers across nearly all polls in the final seconds of betting, as well as the attractive rates and rebates offered to them which are unavailable to the average punter. Since the start of racing this summer at Del Mar, there have been a growing number of examples of drastic late odds changes, many of them circulated on social media by frustrated horseplayers. Del Mar Thoroughbred Club (DMTC) president Josh Rubinstein wrote in Tuesday's press release about the win pool change: “This is part of an overall effort to ensure an optimal wagering experience for fans on-track, at simulcast locations and those playing via our advanced deposit wagering partners.” Rubinstein added, “We had taken steps to encourage CAW players to process their win wagers earlier in the cycle, but it has become clear that we need to take additional measures. We will continue to do our best to create a racing and wagering product that appeals to all segments of the horseplayer market.” Emphasizing how he views Tuesday's announcement as a major net positive for horseplayers, Gramm added how track officials should now take further steps to curb CAW play in the place, show, Exacta and double pools. As an example, Gramm pinpointed Saturday winner Nanci Griffith, who went from 18-1 while loading to a final price of 6-1. Analyzing ADW Tote cycles, Gramm found that while about $10,000 was bet on Nanci Griffith before the last cycle in the win pool, some $25,000 came in for the filly after the last cycle, constituting 36% of the total amount wagered on her. Furthermore, while she jumped from 4.4% to 11.4% in the win pool, “she went from 4.7% to 11.6% in the Exacta, so it wasn't just a win plunge,” said Gramm. “There was an Exacta change. A Double change. And that was fairly typical for these big market movers.” Gramm's Del Mar analysis follows his recent study of last cycle activity at New York Racing Association's (NYRA) Aqueduct winter meet since 2022. In that study, Gramm found that the estimated percentage share from CAW players of monies wagered into the Place, Show, Exacta, Trifecta, Superfecta and Early Pick 5 pools at the last cycle (now moved to 30 seconds) has increased noticeably since 2022. He found that the estimated increase in CAW participation in these pools is significantly higher than that seen in the Win, Late Pick Five, and Pick Six pools, for which NYRA has taken tough steps in recent years to curb CAW play. The largest apparent increase in last cycle money occurred in the Place pool (a 23.2% increase since 2022), and the Show pool (a 22.7% increase since 2022), according to Gramm. Interestingly, Del Mar's steps to curb CAW access to the win pool at two minutes to post follow steps NYRA had already implemented since 2021. NYRA blocks CAW access to the win pool at three minutes to post. The TDN recently asked three influential figures from the world of gambling to respond to Gramm's NYRA findings. They suggested several measures for all tracks to better manage CAW activity, such as incrementally broadening the steps NYRA has already taken in its Win pools to include all visible pools, and cutting the rebates CAW teams receive, so tracks make more on each dollar bet. Over the last couple of years, Del Mar has been the focus of scrutiny for its pricing policies in terms of the rates it charges individual CAW teams, and the potential impacts from these pricing decisions on the track's pools. The TDN found that in 2023, Elite 17–one of more than a dozen individual Elite Turf Club players–enjoyed a noticeably more favorable rate than those other players that year. Owned by The Stronach Group and NYRA (the latter with a 20% controlling interest), Elite Turf Club is a CAW wagering platform that makes up a significant portion of Del Mar's handle. But the favorable rate that Elite 17 enjoyed gave the betting breakdown of Elite Turf Club's ledgers that year a lop-sided look. Indeed, Elite 17's play constituted nearly 47% of Elite Turf Club's total handle on Del Mar in 2023, according to data obtained by TDN. This was no small amount of money–Elite 17 wagered some $53 million on the track alone that year. And little had changed last year, with Elite 17 still wielding the same lop-sided impact on CAW wagering at the track. According to 2024 data obtained by the TDN, the amount Elite 17 wagered constituted 46% of the overall handle that Elite Turf Club players placed on Del Mar's product–what amounted to $63.4 million of a total $138.1 million (including Breeders' Cup play in the fall). Earlier this month, however, Rubinstein told the Paulick Report that “at the request of the TOC (Thoroughbred Owners of California), we have further modified our [CAW] pricing policies for this year.” The TDN reached out to Del Mar for a response to Gramm's suggestions. A track spokesperson said that it had no comment beyond Tuesday's press release. The post Del Mar CAW Change Analysis: ‘Big Step in Right Direction,’ but More Needed to ‘Stabilize’ All Visible Pools appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions. View the full article -
By Chief Stipe · Posted
@curious was your open letter about YOU or the industry? I gather you have checked out because you now believe your previous morality was wrong. Horse racing has always been for our entertainment just as point to point, show jumping, polo and don't forget the fact that for centuries we have "broken in horses" to aid aid human endeavour. Why we don't we rehome all racehorses and treat them like pets? Yeah Na they are linebred species bred to race and contrary to what the Anti-racing types are spewing most of them love doing it.
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