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-   -   Sports Wagering one step closer in NJ.... (http://www.paceadvantage.com/forum/showthread.php?t=114956)

biggestal99 12-18-2018 10:00 AM

Things are looking up for Jersey racing.


Allan

ronsmac 12-18-2018 11:15 AM

Quote:

Originally Posted by biggestal99 (Post 2408014)
Thats an extra 130,000 in purses per racing date for 2019.


Monmouth asked for 56 racing dates at monmouth (approved)


Monmouth asked for 20 racing dates in the fall at the meadowlands (not approved--subject to Meadowlands and Monmouth hashing out a deal--Harness and TB asked for some of the same dates)


Allan

Hasn't live racing handle dropped since they've started taking sports bets?

biggestal99 12-18-2018 12:18 PM

Quote:

Originally Posted by ronsmac (Post 2408041)
Hasn't live racing handle dropped since they've started taking sports bets?


I do believe that is the case.


I cant remember exactly how much.


Monmouth would rather you bet horses and not sports due the hold on each bet (more on horses than sports) but they rather you at the track and betting sports than you not being at the track at all.


Allan

Afleet 12-18-2018 10:57 PM

NJ breeding industry has to be about dead. PA breeding incentives are second to none.

biggestal99 12-19-2018 09:46 AM

Quote:

Originally Posted by Afleet (Post 2408321)
NJ breeding industry has to be about dead. PA breeding incentives are second to none.


20 mares bred in 2017. Tying Missouri and two ahead of Utah.


Those 2 years old Jersey breds races will come up a bit light at the entry box.


:)



Allan

Afleet 12-19-2018 10:13 PM

Quote:

Originally Posted by biggestal99 (Post 2408381)
20 mares bred in 2017. Tying Missouri and two ahead of Utah.


Those 2 years old Jersey breds races will come up a bit light at the entry box.


:)



Allan

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

biggestal99 01-15-2019 02:47 PM

Final hold for th year 2018


Monmouth--12,000,000


Meadowlands--31,000,000


Allan

Redboard 01-31-2019 09:08 PM

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

biggestal99 02-17-2019 10:26 AM

January 2019 racetrack Hold on sports wagering

Meadowlands 7.000.000

Monmouth 2,000,000

Allan

therussmeister 02-17-2019 11:29 AM

Quote:

Originally Posted by biggestal99 (Post 2408381)
20 mares bred in 2017. Tying Missouri and two ahead of Utah.


Those 2 years old Jersey breds races will come up a bit light at the entry box.


:)



Allan

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

biggestal99 03-18-2019 06:47 AM

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

Thomas Roulston 03-24-2019 12:52 PM

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

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

castaway01 03-24-2019 05:17 PM

Quote:

Originally Posted by biggestal99 (Post 2442491)
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

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

Hambletonian 03-24-2019 07:03 PM

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.

horses4courses 03-24-2019 07:25 PM

Quote:

Originally Posted by Andy Asaro (Post 2373149)

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.

horses4courses 03-24-2019 07:26 PM

Quote:

Originally Posted by biggestal99 (Post 2442491)
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

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

biggestal99 03-25-2019 06:31 AM

Quote:

Originally Posted by horses4courses (Post 2444785)
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

horses4courses 03-25-2019 11:36 AM

Quote:

Originally Posted by biggestal99 (Post 2444969)
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.

biggestal99 04-22-2019 05:22 PM

Total sports betting hold for 2019 up to 3/31

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



Allan

onefast99 04-28-2019 07:35 PM

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.

LemonSoupKid 04-29-2019 05:13 PM

Quote:

Originally Posted by onefast99 (Post 2457900)
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.

Yes, you get a lot of online handle, no doubt. I thought Will Hill stock would rise dramatically after WillHillUS seemed to be such a winner post SCOTUS decision, and it just got hammered over and over. They hate it. Their getting crushed by Meadowlands/FanDuel certainly didn't help.

biggestal99 05-28-2019 06:04 AM

Total sports betting hold for 2019 up to 4/30

Meadowlands 44,800,000 another big month in April
Monmouth 8,000,000 Decent month in april



Allan

Striker 05-29-2019 08:37 PM

New Jersey was only $15 million behind Nevada in total handle for sports wagers in April. Nevada took in $328 million and NJ had $313 million.

LemonSoupKid 05-30-2019 01:11 PM

Wow, shows you the coast implications, especially when Vegas was 3k miles away.

biggestal99 06-26-2019 03:15 PM

Total sports betting hold for 2019 up to 5.31

Meadowlands 53,400,000 huge month in May, esp on the internet side.
Monmouth 9,300,000 not the best May



Allan

alhattab 06-27-2019 10:16 AM

Quote:

Originally Posted by biggestal99 (Post 2484309)
Total sports betting hold for 2019 up to 5.31

Meadowlands 53,400,000 huge month in May, esp on the internet side.
Monmouth 9,300,000 not the best May



Allan


not bad for either. Meadowlands up 18+% and Monmouth up 16+% so close on relative basis, although may have expected bigger uptick at Monmouth with the racing season opening. Maybe over the summer...

deelo 06-27-2019 11:57 PM

seen it roll across the ticker on ESPN this morning

"NJ handles more sports betting than NV for month of May"

biggestal99 06-28-2019 06:46 AM

Quote:

Originally Posted by deelo (Post 2484955)
seen it roll across the ticker on ESPN this morning

"NJ handles more sports betting than NV for month of May"

Less than a year and Jersey is king, as long as New York keeps on dragging things out, it will stay that way.

Allan

biggestal99 07-15-2019 09:21 AM

Total sports betting hold for 2019 up to 6/30/2019 (half year)

Meadowlands almost 58,000,000
Monmouth 10,500,000

Allan

biggestal99 08-22-2019 10:43 AM

Total sports betting hold for 2019 up to 7/31/2019

Meadowlands almost 67,000,000
Monmouth 12,500,000

Allan

Tom 08-23-2019 08:45 PM

Legal today in NY.
Del Largo casino opened it's sports room today at noon.

capitalman 08-26-2019 02:19 AM

Quote:

Originally Posted by Tom (Post 2509797)
Legal today in NY.
Del Largo casino opened it's sports room today at noon.

It's been legal in Schenectady since mid July.

biggestal99 09-14-2019 10:20 AM

Total sports betting hold for 2019 up to 8/31/2019

Meadowlands 78,800,000
Monmouth 14,600,000

Allan

coachv30 09-14-2019 02:36 PM

I guess you have to bet BIG to win BIG....

I spent $6.00 a month ago and hit a $.10 SFC for $2400.

I put $75 last week on a two game NFL parlay that returned $$165...I just don't see where the thrill is in sports betting....that's just me though.

biggestal99 09-26-2019 08:16 AM

Quote:

Originally Posted by Canarsie (Post 1728102)
Who are these people? Can you please provide a few links so i can educate myself. I would really like to see the quote "the judge is wrong here". Can you provide me some of your credentials so this entire conversation can be grasped better from someone who is not too smart like me.

I'm pretty amazed at your expertise considering you haven't been right on exchange (still waiting) and sports wagering. It's one thing to offer an opinion on any subject but facts need to be presented. When you declare that you're smarter than the judge and other people in the legal field some credibility needs to be shown. Just stating something isn't going to sway neutral people on this or any subject.


LOL. I hate to drudge up an old argument but I will.


Judge Shipp was indeed wrong.


He wrongfully enjoined Monmouth from offering Sports wagering way back in 2014.



so says the 3rd circuit.


https://www2.ca3.uscourts.gov/opinarch/183550p.pdf


it has been remanded back to the district court to determine how much monmouth will collect in damages.


Allan

biggestal99 09-26-2019 08:19 AM

Quote:

Originally Posted by coachv30 (Post 2518213)
I guess you have to bet BIG to win BIG....

I spent $6.00 a month ago and hit a $.10 SFC for $2400.

I put $75 last week on a two game NFL parlay that returned $$165...I just don't see where the thrill is in sports betting....that's just me though.


It just like show or place betting. will never make millions yet millions of dollars are wagered into those pools every year.


Allan

dilanesp 09-26-2019 12:30 PM

Quote:

Originally Posted by biggestal99 (Post 2522239)
LOL. I hate to drudge up an old argument but I will.


Judge Shipp was indeed wrong.


He wrongfully enjoined Monmouth from offering Sports wagering way back in 2014.



so says the 3rd circuit.


https://www2.ca3.uscourts.gov/opinarch/183550p.pdf


it has been remanded back to the district court to determine how much monmouth will collect in damages.


Allan

That's a slightly facile rendering of what happened.

It isn't that Judge Shipp did a terrible thing or anything. Judge Shipp was acting based on the confused state of the law at the time.

However, there's a rule that says when you seek an injunction against someone, you generally have to post a bond to cover the expenses they may incur during the pendency of the injunction, if they win the case in the end. That's what happened here. It wasn't a personal comment on Judge Shipp's competence or the original injunction ruling, but a ruling that the injunction was "wrongful" in the sense that it was "later reversed", meaning that the New Jersey Thoroughbred Association gets to collect on the bond as partial compensation for the time they were subject to the injunction. It's more akin to collecting on an insurance policy.

biggestal99 09-27-2019 09:32 AM

Quote:

Originally Posted by dilanesp (Post 2522312)
That's a slightly facile rendering of what happened.

It isn't that Judge Shipp did a terrible thing or anything. Judge Shipp was acting based on the confused state of the law at the time.

However, there's a rule that says when you seek an injunction against someone, you generally have to post a bond to cover the expenses they may incur during the pendency of the injunction, if they win the case in the end. That's what happened here. It wasn't a personal comment on Judge Shipp's competence or the original injunction ruling, but a ruling that the injunction was "wrongful" in the sense that it was "later reversed", meaning that the New Jersey Thoroughbred Association gets to collect on the bond as partial compensation for the time they were subject to the injunction. It's more akin to collecting on an insurance policy.


LOL. Shipp wrongfully enjoined Monmouth. He was absolutely wrong on the TRO. Monmouth should have been allowed to accept sports wagers in 2014 as the case winded though the courts. TRO



Now its back at the district court to determine how much Monmouth is owed.


could be any amount the court deems necessary not just the original bond.


did you read the opinion that I posted?


Allan

biggestal99 09-27-2019 09:56 AM

Quote:

Originally Posted by biggestal99 (Post 2522683)
LOL. Shipp wrongfully enjoined Monmouth. He was absolutely wrong on the TRO. Monmouth should have been allowed to accept sports wagers in 2014 as the case winded though the courts. TRO



Now its back at the district court to determine how much Monmouth is owed.


could be any amount the court deems necessary not just the original bond.


did you read the opinion that I posted?


Allan


from the opinion


"A party is wrongfully enjoined when it had the right all along to do what it was enjoined from doing"


Monmouth should have been allowed to offer sports betting from October 2014 onwards.


Shipp wrongfully enjoined them.


He was wrong. (as I stated 5 years ago).



Thats not really that hard to figure out.


Allan

biggestal99 09-27-2019 10:03 AM

The horsemen however have to show proof of how much they lost while they were wrongfully enjoined.



The court will rule on how much they entitled to once they show the proof of how much they lost.



Allan


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