Today Was The Biggest Day In Horse Racing!

[DerbyJackpot]

Originally Posted by thaskalos

You guys DO realize that sports betting will be allowed at betting outlets OUTSIDE of the track...RIGHT? I mean...a "normal" guy who just wants to place a bet on his favorite team and gulp down a couple of beers won't have to drive out to a track or an OTB in order to get this done.

Outside of a few liberal states I see majority states putting in regulations to prevent this... I see this being hugely beneficial to states like Kentucky, Indiana, Arkansas, Louisiana, Florida, Texas, Cali(maybe), etc.

The big winner in this is Kentucky. Probably take a year to get the ball rolling, but very excited for things to come in Kentucky Racing.

[thaskalos]

Originally Posted by DerbyJackpot

Outside of a few liberal states I see majority states putting in regulations to prevent this... I see this being hugely beneficial to states like Kentucky, Indiana, Arkansas, Louisiana, Florida, Texas, Cali(maybe), etc.

The big winner in this is Kentucky. Probably take a year to get the ball rolling, but very excited for things to come in Kentucky Racing.

If you think that sports betting is doing this just to "partner-up" with the racetracks...then you've lost your mind.

[onefast99]

Originally Posted by thaskalos

You guys DO realize that sports betting will be allowed at betting outlets OUTSIDE of the track...RIGHT? I mean...a "normal" guy who just wants to place a bet on his favorite team and gulp down a couple of beers won't have to drive out to a track or an OTB in order to get this done.

Just in case you missed it sports wagering Will only be at the race tracks and casinos in the state of New Jersey please read the post back as far as 2011 as far as other states go I have no idea but the object here was to bring more people in to the race tracks and casinos thats how Governor Christie envisioned it as well as all of those that fought for this. Eventually betfair will get the online wagering platform in NJ but no one knows how long that will take to put into place.

[thaskalos]

Originally Posted by onefast99

Just in case you missed it sports wagering Will only be at the race tracks and casinos in the state of New Jersey please read the post back as far as 2011 as far as other states go I have no idea but the object here was to bring more people in to the race tracks and casinos thats how Governor Christie envisioned it as well as all of those that fought for this. Eventually betfair will get the online wagering platform in NJ but no one knows how long that will take to put into place.

I was responding to the original poster...who stated that he thinks the majority of the states will try to block the expansion of sports betting outside of the tracks. He wasn't talking just about New Jersey...he was talking about the other states as well.

[DerbyJackpot]

Originally Posted by thaskalos

If you think that sports betting is doing this just to "partner-up" with the racetracks...then you've lost your mind.

Can you explain more? I'm not fully grasping what you said sir

[Tom]

So it all boils down to just another source for racing to leech off from?

I think this time, you will see tracks left out of the model - who needs tracks to be the anchors to this.

What does racing bring to the table? Besides a hand out for hand outs?

It would make more sense to offer sports betting in cigar stores and newsstands than tracks.

[thaskalos]

Originally Posted by DerbyJackpot

Can you explain more? I'm not fully grasping what you said sir

Sports betting is too big of an enterprise to be confined to just the existing racetracks and the casinos. It's tailor-made for the internet...and that's where it will flourish, in no time flat. The people will be placing their sports bets from the comfort of their own homes, just as the horseplayers are currently doing...and the tracks and the OTBs will remain as deserted as they currently are.

As they say..."There is no place like home".

[DerbyJackpot]

Originally Posted by thaskalos

I was responding to the original poster...who stated that he thinks the majority of the states will try to block the expansion of sports betting outside of the tracks. He wasn't talking just about New Jersey...he was talking about the other states as well.

Like I said states like Kentucky are the big winners, as Kentucky will input regulations to only allow sports wagering at tracks... You'd see this more supported in republican states.


You really think Kentucky is going to allow sports betting outside of tracks? You'd have to be out of your mind to think they'd do that.

[Tom]

It would be extremely stupid not to have betting from home.
I would guess at least half the bets would originate from homes.
NO ONE is going to go to a track every day to make a sports bet.

[thaskalos]

Originally Posted by DerbyJackpot

Like I said states like Kentucky are the big winners, as Kentucky will input regulations to only allow sports wagering at tracks... You'd see this more supported in republican states.


You really think Kentucky is going to allow sports betting outside of tracks? You'd have to be out of your mind to think they'd do that.

Horse racing no longer has the political "clout" that it once had. The states now look only at their "bottom line"...and horse racing doesn't currently "pull its weight" in that regard. Do you honestly see the NFL agreeing to offering its "product" only within the confines of our currently deserted RACETRACKS? The professional team franchises have been against sports betting for DECADES, and now that they've changed their minds...you think they'll let the RACETRACKS call the shots?

[TiffaniO]

Originally Posted by thaskalos

Horse racing no longer has the political "clout" that it once had. The states now look only at their "bottom line"...and horse racing doesn't currently "pull its weight" in that regard. Do you honestly see the NFL agreeing to offering its "product" only within the confines of our currently deserted RACETRACKS? The professional team franchises have been against sports betting for DECADES, and now that they've changed their minds...you think they'll let the RACETRACKS call the shots?

The NFL and all other sports have no say... it will be up to each state... for example Maryland has to vote on it and it can only be at tracks and casinos... WV doesn’t need voter approval but it has to be at casinos/race tracks. I’m sure some states will be a free for all.

[horses4courses]

Sports books have always pretty much been regarded
as a loss leader inside casinos. I think the initial 5-6%
rise in Caesars World stock price this morning was not
about any potential rise in revenue directly from sports
wagering itself, but everything to do with the marketing
leverage that their casinos will acquire by enticing people
through their doors in order to bet on games.

Casinos are pretty good at marketing to customers,
both existing and potential new ones. Looks like
they will find different environments from state to state.
They will adapt and profit from it.

Racetracks, on the other hand, see this as a life line.
I really don't see much good in the long run for them.
William Hill will use them as a vehicle, at first.
Ultimately, they want their customers betting on phones
and computers. Smartphone apps mean big growth.
Everything else is a means to an end.

[thaskalos]

Originally Posted by TiffaniO

The NFL and all other sports have no say... it will be up to each state... for example Maryland has to vote on it and it can only be at tracks and casinos... WV doesn’t need voter approval but it has to be at casinos/race tracks. I’m sure some states will be a free for all.

The majority of the states are in dire straits financially...and they will be plenty motivated to milk this cash-cow to its fullest. This cannot be accomplished unless sports betting becomes a convenient wagering option...which it WON'T be if it's confined to the racetracks and the casinos.

[Nitro]

I could really care less about how those who might enjoy sports-betting might impact the horse-racing pools. As far as I’m concerned it would be just more stupid money going to those who take the game more seriously than just a 50/50 proposition.

Maybe more states should also legalize pot and make it available at racetracks. Can you imagine standing on line with some stoned individuals trying to make a bet? Well at least these losers could have a good ole’ laugh after emptying their wallets.

Seriously though, I believe the astute horse-player really isn’t interested in dealing with more distractions like a bunch of groupies cheering for a team that covered by kicking a field goal. These games all have their places among those who wish to gamble. They certainly don’t need to be co-mingled to be appreciated by those who play them for more than just some entertainment value.

I don’t know about anybody else, but I find playing the horses to be a personal thing. I certainly don’t need to surround myself with a group of cheerleaders for any encouragement.

[DerbyJackpot]

Originally Posted by Nitro

I could really care less about how those who might enjoy sports-betting might impact the horse-racing pools. As far as I’m concerned it would be just more stupid money going to those who take the game more seriously than just a 50/50 proposition.

Maybe more states should also legalize pot and make it available at racetracks. Can you imagine standing on line with some stoned individuals trying to make a bet? Well at least these losers could have a good ole’ laugh after emptying their wallets.

Seriously though, I believe the astute horse-player really isn’t interested in dealing with more distractions like a bunch of groupies cheering for a team that covered by kicking a field goal. These games all have their places among those who wish to gamble. They certainly don’t need to be co-mingled to be appreciated by those who play them for more than just some entertainment value.

I don’t know about anybody else, but I find playing the horses to be a personal thing. I certainly don’t need to surround myself with a group of cheerleaders for any encouragement.

Reckon thats why you stay home and bet horses. Which is fine. You take it serious and remove the entertainment aspect out of it
For your average gambler I look at it with "entertainment dollars" I'm going to spend my entertainment dollars on Friday night to have fun and gamble. So introducing Sports Betting at the track is going to give me an added incentive to spend my entertainment dollars at the track.

Again I'm a 20 age group gambler. I'm not an expert. I'm their for excitement and the best value for my gambling dollars. I just want to provide my way of thinking as a whole.

On a Friday Night I bring $200 to $300 with me. If they introduce Sports Betting I'll wager $50 on a game to keep the action going. And rest on horse racing.
If you come to the horse track with the mindset of betting sports. I see it going $200 on sports and rest on horse racing.