Sports Betting at Tracks - How Would it Affect You?

[dlivery]

I have seen some nice pots on the tables
Kinda like a game where you sit and wait pounce.
With the way players are playing today at the tracks seems they are looking for the diamond in the scruff.

[Dave Schwartz]

Originally Posted by lamboguy

maybe we should bring back gin rummy and klaberjass.

i wonder if anyone here knows the game of klaberjass?

Lambo,

You'd think that a guy who has actually dealt Faro Bank would know every game, but I must admit that you've got me there.


Dave

[Seabiscuit@AR]

One issue with sports betting will be to the extent they allow "in the run" or "in play" betting on sports while the match or game is live. In particular if they will allow these live bets to be placed over the internet

Sports betting before the game/match starts is not that big a deal as turnover is not that big. However growth with "in the run" or "in play" betting on sports has exploded with some sports in recent years. It is this type of betting which could put horse racing into the shade

[cj]

Originally Posted by Dave Schwartz

Lambo,

You'd think that a guy who has actually dealt Faro Bank would know every game, but I must admit that you've got me there.


Dave

Sounds like one of those games from Vegas Vacation.

[lamboguy]

Originally Posted by Dave Schwartz

Lambo,

You'd think that a guy who has actually dealt Faro Bank would know every game, but I must admit that you've got me there.


Dave

i never in a million years thought that wikipedia would have this one, but they do! i used to play it at the Mayfair and Cavendish club for big money years ago.


https://en.wikipedia.org/wiki/Klaberjass

[biggestal99]

Originally Posted by Seabiscuit@AR

One issue with sports betting will be to the extent they allow "in the run" or "in play" betting on sports while the match or game is live. In particular if they will allow these live bets to be placed over the internet

Sports betting before the game/match starts is not that big a deal as turnover is not that big. However growth with "in the run" or "in play" betting on sports has exploded with some sports in recent years. It is this type of betting which could put horse racing into the shade

Betfair also allows cashout before the event is over. which is an excellent way to lock in profits. with no worries about the outcome.

If Monmouth is allowed to take sports bets its almost guaranteed that they team with Betfair to provide internet options on sports betting. wonder what their commission will be? 8%? 10%? 12%?

Allan

[Inner Dirt]

How many people in here have actually done it? I discovered Agua Calienete in 1990 and it unfortunately closed the horse track 3 years later. My friends and I which were a group of four always bet both. We handicapped the horses well before hand and while multiple tracks were offered we usually just played the live races at AC and one other track. The sports betting was done as something to watch in between races and we didn't invest much on it, usually a $20 spot each on a 3-game parlay. The horses were the priority and the sports betting really didn't effect the horse betting. At the time I was betting $50 to $200 on each horse race while a $20 spot provided 2-3 hours of sports betting action.

[DeanT]

Originally Posted by Inner Dirt

How many people in here have actually done it? I discovered Agua Calienete in 1990 and it unfortunately closed the horse track 3 years later. My friends and I which were a group of four always bet both. We handicapped the horses well before hand and while multiple tracks were offered we usually just played the live races at AC and one other track. The sports betting was done as something to watch in between races and we didn't invest much on it, usually a $20 spot each on a 3-game parlay. The horses were the priority and the sports betting really didn't effect the horse betting. At the time I was betting $50 to $200 on each horse race while a $20 spot provided 2-3 hours of sports betting action.

I have a feeling this is the way it may go.

When slots entered a racetrack, horse betting handle was off about 15%. That's maybe your casual player moving over, not as much what you guys did. But there has to be some sort of drag, imo.

[Inner Dirt]

Originally Posted by Inner Dirt

How many people in here have actually done it? I discovered Agua Calienete in 1990 and it unfortunately closed the horse track 3 years later. My friends and I which were a group of four always bet both. We handicapped the horses well before hand and while multiple tracks were offered we usually just played the live races at AC and one other track. The sports betting was done as something to watch in between races and we didn't invest much on it, usually a $20 spot each on a 3-game parlay. The horses were the priority and the sports betting really didn't effect the horse betting. At the time I was betting $50 to $200 on each horse race while a $20 spot provided 2-3 hours of sports betting action.

Originally Posted by DeanT

I have a feeling this is the way it may go.

When slots entered a racetrack, horse betting handle was off about 15%. That's maybe your casual player moving over, not as much what you guys did. But there has to be some sort of drag, imo.

It could also go the other way and actually pull in new customers. You could have the serious sports bettor decide to bet a $20 here and there on a horse race. He may also decide to hang out to watch the game he just bet and buy a sandwich and wash it down with a couple beers.

[Dave Schwartz]

Originally Posted by cj

Sounds like one of those games from Vegas Vacation.

Went by several names in the old west, including Buck the Tiger. Basically, it was a highly cheatable game.

The phrase "case card" comes from faro, and from that phrase comes the term "case money."

I learned the game when I was 10.

:-)

[CincyHorseplayer]

I stated my point from the outset. I only like to play this game. I guess the question should be do people that bet on horse racing want to bet on everything available? If it's just fun to toss money around this is just a new way to water down and take away from the greatness of all the betting outlets. Every man with a modicum of intelligence overestimates himself, self included, so why not let them scramble their brains even more betting everything then come back to racing? I have actually seen this happen with chronic slots losers at Belterra. The event is more exciting and you can pick your odds. Being down 5G's in the last month and winning $700 isn't that exciting. Anyway random Cincy thoughts. I hate other sports and games so I'm on this and like my returns. Everybody on here has made me a better player.

[onefast99]

Originally Posted by biggestal99

Betfair also allows cashout before the event is over. which is an excellent way to lock in profits. with no worries about the outcome.

If Monmouth is allowed to take sports bets its almost guaranteed that they team with Betfair to provide internet options on sports betting. wonder what their commission will be? 8%? 10%? 12%?

Allan

The sports wagering case in front of the Supreme Court will allow MP to begin taking Wagers two weeks after its approval. There will be no internet wagering for quite sometime as the main theme here is to get people to the track to wager. I would imagine within a year the next phase will be introduced and most likely that would be sw at casinos and eventually small bar type wagering venues which should then lead to internet gaming run by the tracks and casinos. William Hill will be the recipient of all wagering platforms. As I have stated since the day we all discussed sw I don’t believe it is the only revenue stream that can save horse racing in New Jersey but it is a good start with plenty of growth opportunity ahead.

[biggestal99]

Originally Posted by onefast99

The sports wagering case in front of the Supreme Court will allow MP to begin taking Wagers two weeks after its approval. There will be no internet wagering for quite sometime as the main theme here is to get people to the track to wager. I would imagine within a year the next phase will be introduced and most likely that would be sw at casinos and eventually small bar type wagering venues which should then lead to internet gaming run by the tracks and casinos. William Hill will be the recipient of all wagering platforms. As I have stated since the day we all discussed sw I don’t believe it is the only revenue stream that can save horse racing in New Jersey but it is a good start with plenty of growth opportunity ahead.

Once sports betting is legalized, it will be a natural for Monmouth to team up with betfair to handle the internet portion just like the casinos have teamed up with betfair to handle the casino internet.

Betfair Internet casino revenues are way up in Jersey.

I can easily envision Darby wanting in on the internet revenues before the casinos scoop it all up.

Allan

[Valuist]

Originally Posted by Saratoga_Mike

It already exists at Delaware Park - parlays only, though.

Parlays don't (or shouldn't) count

[Valuist]

Originally Posted by Inner Dirt

How many people in here have actually done it? I discovered Agua Calienete in 1990 and it unfortunately closed the horse track 3 years later. My friends and I which were a group of four always bet both. We handicapped the horses well before hand and while multiple tracks were offered we usually just played the live races at AC and one other track. The sports betting was done as something to watch in between races and we didn't invest much on it, usually a $20 spot each on a 3-game parlay. The horses were the priority and the sports betting really didn't effect the horse betting. At the time I was betting $50 to $200 on each horse race while a $20 spot provided 2-3 hours of sports betting action.

My horse racing handle now it about 10% of what it was ten years ago. The edges in the game are just so tough nowadays. I pretty much only bet the biggest 15-20 days a year now where I know there's a decent amount of public money. I know people like to fixate on big individual scores, but in the long haul, the takeout in racing is so much worse than sports betting that most people would be better off betting sports.