Online betting

[norm f]

Its finally happpened in
HPI will now allow you bet bet online


www.hpibet.com

[Zaf]

Thanks :)

ZAFONIC

[trying2win]

Norm,

--Thanks a million for the tip. I'll have to scan over their website for more info.

--Hopefully with this new online betting feature, they will cover more tracks for their full weekly racing schedule, and not just 1 or 2 days as was the case previously in some instances.

--I'm not a big fan of the T.A.B. type of betting. Didn't like the busy signals, or hanging up the phone and trying again later, or waiting for the T.A.B. operator to repeat your bets. Time is too valuable to wasted on those aspects of betting the horse races.

Trying2win

[sq764]

Nope, still half-assed coverage.. Carry Balmoral Tues and Thurs some weeks, T,R,Sun others.. Tonight, no Balmoral..

Messed up.

[Zaf]

Their big problem is handle (pool size). If they take too many signals they will wind up with some very small pathetic pools. The simulcast tracks do not generate big pools. Too bad they can't figure out a way to co-mingle with the U.S. pools.

ZAFONIC

[trying2win]

Originally posted by zafonic
Their big problem is handle (pool size). If they take too many signals they will wind up with some very small pathetic pools. The simulcast tracks do not generate big pools. Too bad they can't figure out a way to co-mingle with the U.S. pools.

ZAFONIC

Zafonic,

--You make some very good points. I know some U.S. based betting companies take bets on some Canadian tracks, and pay off on these winning bets in American dollars. So, it looks as though some of these American betting companies have figured out how to do the accounting of converting American dollars into Canadian dollars and sending in the bets into the Canadian mutuel pools.

--Currently, bets made at Canadian racetracks for American simulcasts go into a Canadian parimutuel pool. Thus, the parimutuel payoffs for American tracks are in Canadian dollars.

--I know some American racetracks carry Canadian racetracks on their simulcasts, even some minor Canadian racetracks. Can one of our American PA members tell me how that works, when you're attending an American racetrack and make a bet on a Canadian racetrack? My guess is the bets are somehow converted into Canadian currency and then co-mingled with the Canadian mutuel pools. Then the amount of a winning bet is figured out first from the Canadian payoff, converted into American dollars, and rounded off to the next lowest dime, before being paid out to the American customers. Am I right? If I am, there shouldn't be any reason why Canadian racetracks can't take bets on American racetracks in Canadian dollars, convert them into American dollars and then co-mingle the bets into the American parimutuel pools.

Thanks,

Trying2win

[Zaf]

I have bet Woodbine and Hippodrome de Montreal at the Meadowlands as well as Fort Erie at Delaware Park.

If the horse pays $12.80 at Woodbine , I get $12.80 U.S. dollars at the Meadowlands.

I don't understand what the problem is here in Canada.

ZAFONIC

[Zaf]

The bet was also obviously made in U.S. dollars.

ZAFONIC

[trying2win]

Originally posted by zafonic
I have bet Woodbine and Hippodrome de Montreal at the Meadowlands as well as Fort Erie at Delaware Park.

If the horse pays $12.80 at Woodbine , I get $12.80 U.S. dollars at the Meadowlands.

I don't understand what the problem is here in Canada.

ZAFONIC

Zafonic,

--Thanks for enlightening me. My thinking was out in left field on the figuring out of payoffs on my previous post on this thread. I see the light now. It makes sense...i.e... if you're attending an American racetrack and want to make a bet on a Canadian racetrack...and for example, you make a $2.00 U.S. wager on a horse. Then if it wins, the price showing on the Canadian toteboard should be what you get in American dollars at the American racetrack. The only problem is in converting the currencies before the bet is co-mingled with the Canadian mutuel pools.

--It's time for Canadian racetracks to get modernized, convert Canadian dollar bets on American tracks into American dollars, and send the bets into the American parimutuel pools. Yeah, I agree, what's so difficult in doing that?

Trying2win

[norm f]

Same thing here...I was at saratoga harness in the summer,and heard a very familiar voice.Was the metro elims at Woodbine, and i got all my winnings in u.s dollars off the canadian price.I wish we could have common pools with the american tracks.Earlier that day i was at the Saratoga T bred to see FunnyCide get scratched...lol..But here i was starring at a million dollar win pool???? and the M1 guranteed win 4 pools weekends,would do no harm up here either...My saving grace is im only about an hr from the nearest NY otb..

[BillW]

Originally posted by zafonic
I have bet Woodbine and Hippodrome de Montreal at the Meadowlands as well as Fort Erie at Delaware Park.

If the horse pays $12.80 at Woodbine , I get $12.80 U.S. dollars at the Meadowlands.

I don't understand what the problem is here in Canada.

ZAFONIC

I would assume all the hubs (like for instance Brisbet) simply excange electronic "promissory notes" and settle up at the end of the day with a bank transfer. i.e. every time you bet $2.00 on a horse, Brisbet does not physically deliver the $2.00 to the host track. This transfer at the end of the day would be net with the hub keeping it's contracted fees and winnings to return to it's clients. The only "translation problem" should occur at the point of the bank transfer, and banks are good at that stuff. No special software is even needed, just an agreement between host and outlet.

Bill

[Exactaman]

there is a legal reason why they can't do it, i can't recall exactly what it is. i believe it concerns ontario parimutual law.

[Zaf]

Originally posted by Exactaman
there is a legal reason why they can't do it, i can't recall exactly what it is. i believe it concerns ontario parimutual law.

Now that really sucks for the bettor, and probably why they cannot offer more simulcasting options.

Of course all they care about in Ontario is their Cigarette, booze, and slot revenue.

ZAFONIC