MO used to breed some winners back in the day of Kansas City racing stables and others-many moons ago

Final hold for th year 2018


Monmouth--12,000,000


Meadowlands--31,000,000


Allan

Good to see Monmouth finally getting what's coming to them. Such a great track, but the cards there have been putrid the last few years.

https://www.bloodhorse.com/horse-rac...-purse-subsidy

January 2019 racetrack Hold on sports wagering

Meadowlands 7.000.000

Monmouth 2,000,000

Allan

They will have to make them New Jersey / Utah bred races.

Total sports betting hold for 2019 up to 2/28/2019

Meadowlands 15,000,000
Monmouth 2,700,000

Will hill sports book had a particularly tough super bowl result.

Allan

They don't waste time! Their first condition book is already out:

http://www.equibase.com/premium/eqbH...0504-20190616D

Monmouth should improve on those numbers considering betting became legal right when the shore season ended. It's coming up again.

Maybe, but the prime sports wagering season is just over.

There were around 350 college basketball teams on the board this winter, probably more than 4000 games in 4 months. Plus college football and pro football. And last summer there was the World Cup.

Hockey is a non entity, and even the NBA is winding down. So you are left with baseball, which is around 2500 games in 6 plus months.

Unfortunately for Monmouth, their racing season does not align well for sports betting.

Not sure how I missed this thread for so long.

FanDuel paid this out for the following reasons - lawyer fees and PR.

Legal sports betting is in it's infancy here.
That makes relevant legal case history non-existent.
There is no way to predict how this would be ruled upon.

Why take the chance of losing, in addition to paying attorneys?
$82K is a reasonable price to take a dose of medicine.

I've been on both sides of the counter with legal sports betting for 50 years.
The lesson the bookmaker would have to learn here is to tighten up rules.
"Palpable errors" was the term we had for it in Irish bookmaking.
Any obvious error made in the acceptance of a wager renders it null and void.

If any such term was not listed in their wagering rules and conditions,
then they were up a creek without a paddle.

Do these numbers refer to profit, or $ amount handled in wagers?

Profits.

Meadowlands (betfair) is doing very well.

Monmouth (will hill) got killed in the super bowl. They should do better with March madness.

Allan

Impressive.
Especially if that number is 4%, or higher, of the total amount handled.

I suspect that it is a high % hold.
There has to be a lot of rookie bettor money in these new markets.
Gravy for bookmakers, and sharp bettors.

Total sports betting hold for 2019 up to 3/31

Meadowlands 32,600,000 (monster result from March madness)
Monmouth 5,400,000



Allan

Those numbers you posted are a direct result of one thing, marketing. William Hill was asleep at the switch while Fanduel advertised in every major sporting event and continues to do so. Combine that with the TVG FanDuel show during football season a great marketing campaign offering a free up to $500 bet match and your so called competition is in a sleepy little NJ shore town awaiting the shore crowd to come by and bet. What Monmouth Park failed to do was market their product that failure created a monster at the Meadowlands. As more and more bettors open online accounts FanDuel will continue to crush William Hill.