Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board > Thoroughbred Horse Racing Discussion > General Racing Discussion


Reply
 
Thread Tools Rate Thread
Old 12-29-2017, 03:15 PM   #16
thespaah
Registered User
 
Join Date: Aug 2007
Posts: 7,510
Quote:
Originally Posted by cj View Post
Can't imagine they can possibly get the money back. It was never their money in the first place. Belmont Park would have reimbursed them at some point.
100% correct. Pari-Mutuel. Loosely translated as "among ourselves"..Meaning, the money won by this individual never belonged to the track in the first place. Less their takeout of course which the track takes off the top of the handle.
This looks feels and smells like a scam perpetuated by the tracks bankruptcy attorneys to cook up a scheme to get paid for their work.
If I was this guy, I'd tell them to go pound sand.
The track never had "ownership" of the funds in the betting pools except to hold until the winning bets were paid.
In effect, after the takeout is removed, tracks just simply push the wagering handle from one place to another.
This looks like a load of crap.
BTW,m I noticed this person won the money in 2008. The story is from 7 years ago. I think
thespaah is offline   Reply With Quote Reply
Old 12-29-2017, 03:29 PM   #17
cj
@TimeformUSfigs
 
cj's Avatar
 
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,816
Quote:
Originally Posted by thespaah View Post
PTC?
Premier Turf Club, or BetPTC.
cj is offline   Reply With Quote Reply
Old 12-29-2017, 04:09 PM   #18
toddbowker
Todd Bowker
 
Join Date: Oct 2005
Posts: 152
Joe Riddell hasn't had an ownership stake in Premier Turf Club since late 2010.
toddbowker is offline   Reply With Quote Reply
Reply




Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

» Advertisement
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 11:32 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright 1999 - 2023 -- PaceAdvantage.Com -- All Rights Reserved
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.