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Old 08-24-2010, 04:55 PM   #1
Stillriledup
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Join Date: Oct 2009
Posts: 25,607
Del Mar cancels show betting on a Ferndale race.

STOP HANDICAPPING. Geez, i took this from the CHRB news and notes section for del mar (aug 21). Now we have guys looking at the morning line and deciding what kind of bets they are going to accept? Leave the handicapping up to the horseplayers. If someone wants to make a large show bet on a mule race, let them. Its a long run losing bet anyway. I don't understand why these people continue to do dumb things. Ferndale had no problem having show wagering on their race, but Del Mar got yellow fever and cancelled it.




DEL MAR CANCELS SHOW WAGERING ON FERNDALE MULE RACE
Michael Ernst, the Executive Vice President of Finance and Chief Financial Officer for Del Mar Thoroughbred Club, came into the office shortly before 2:00 P.M. this afternoon to alert the Stewards to the fact that early this morning-around 8:00 A.M. – he made the unilateral decision to not accept “Show” wagers on the first race at the Humboldt County Fair in Ferndale. He said that he was alerted to the fact that the mule, #5 My Allowance, was even money in the morning line and appeared to be much the best. There was the possibility that one of the “plungers” in Southern California could wager a large sum of money on the mule to “Show”, causing a large minus pool which could impact purse money. It should be noted that this race was for mules with a speed index of 70 or under, so suffice it to say that there was no Zenyatta or even a Bar JF Hot Ticket in the field.
Pari-mutuel Manager William Navarro was contacted and said that on Thursday morning he became aware of the possible minus pool and sent an e-mail to Humboldt County Fair Manager Stuart Titus requesting he petition the Board to allow Ferndale to cancel Show wagering on the first race Friday. He received a response from Titus at 5:17 P.M. denying his request. Seemingly, case closed and Del Mar would be expected to offer whatever Ferndale was offering.
Additionally, Mr. Ernst said that he was not able to get in touch with any Commissioner or anyone on the Board’s executive staff so he took it upon himself to not offer the wager. He took full responsibility for his actions.
At one point during the conversation Mr. Ernst brought up the possibility of opening up Show wagering on the Ferndale race. The Stewards informed him that doing so would only compound the problem since the pool had not been open for approximately six hours. Kirk Breed was alerted to the matter for further
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