euro type wagering coming to north america soon...

[Deleted]

...it appears that north america will soon have tracks changing over to the euro betting type system where the bettor gets what ever odds are on the betting board at that moment ....it will be interesting to see the run on the betting in the last few minutes of any given race...lol..i figure the odds will be frozen at some point and it will be interesting to see what odds the track odds maker puts up initially ...probably the ' SHAVE ' will happen quite a bit... and this will be interesting to see if the track take out goes down and what the 'vig' will be for the track...'i' think it is a bad idea with exotics betting...and wonder if there will be a future odds board at all, and thus euro type betting takes over, with stalls every where for bettors to bet the horses ....lol..i guess the stalls will be rented out for those offering and taking the bets and that way the track will not lose it's take out and thus benefit even more....etc...a john cherwa news letter has a really good write up on this etc...

[jolyb]

No matter how you feel about the merits of this wagering system, I don't think that anyone should conclude that this type of wagering "will be coming to North America soon."

The John Cherwa article in the LA Times was referring to a recent white paper issued by the Thoroughbred Idea Foundation.  The paper suggested that in order to remain competitive with vastly expanded sports wagering, thoroughbred racing will need to amend the way that wagers are taken and odds are set.  The paper also pointed out that the takeout on sports wagering was in the 5 to 10% range and that horse racing needs to dramatically reduce its take out. 

Neither of these proposals, no matter how attractive they might be to fans, are likely to occur anytime soon. 

If anyone is interested, here's a link to the LA Times article

www.latimes.com/sports/more/la-sp-horse-racing-newsletter-20190210-htmlstory.html

[Deleted]

....right on, my point is that it will not be attractive to the fan at all but this is being viewed by the racing worlds investors as another way to pocket a bigger share for them selves and not the fan that bets....but the fact that it is even brought up into the North American racing community as an option , is not good...lol...

[DoctorDisaster]

I'm for Bookmakers at the track.The only european track I have been to was in Ireland.The had an autotote system just like we have but you could also bet with a Bookmaker.The Bookie fixed the odds where as the Autotote was pari mutuel,the odds changed.The Bookies did have some nice proposition bets like scratching the favorite and paying to 4th in big fields.I found myself using both.They won't mean an end to the current system,just keep it honest.

[Badactor]

I'm pretty sure the pari-mutuel employees guild would strike over this issue.

[5wide]

just open a euro betting account , william hill, paddy power , etc. then you have the option of taking the pari mutuel odds or their fixed odds. I do it and find some nice discrepancies every so often.

[Deleted]

....I tried to open an account but the account needs one to be a member of British isle resident racing as the location of where one lives does not include Canada nor does it accept a Canadian postal location....I also entered race contests there but now it is run by a betting host and thus cannot enter because of the same reasons above these past two years...one needs an British address...or in some cases , a euro address...I have a watch list of horses and trainers on the isle and euro 
for these past years and wish I could have bet many a nag at great odds...my roi  is way up on paper results...

[5wide]

check this out Bpiets

www.bookmakers.bet/10020/canadian-betting-sites/