horse race betting

Golden Gate Fields reports handle, attendance jump

Golden Gate Fields realized double-digit increases in both its average daily on-track handle and average daily on-track attendance during its 2011 fall meeting, a 36-day session that ran from Oct. 20 through Dec. 18.   The average daily on-track handle during the 2011 fall meeting was $392,821, up 13.86 percent over the 2010 daily average […]

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Updated: NYRA to refund millions to bettors after charging too much takeout

The New York Racing Association will be required to pay back bettors about $8.6 million after state officials discovered NYRA kept an extra percentage point on several exotic bets over the past 15 months, the Albany Times-Union reported Wednesday. According to the paper, the New York Racing and Wagering Board will require NYRA to pay […]

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British Horseracing Authority delays new rule on lay bets

The British Horseracing Authority has decided to delay implementation of the proposed new rule whereby owners would be in breach if they placed lay bets on horses in the same yard in which they also have a horse in training. The implementation will now not take place until Monday 2 April 2012. The BHA decision […]

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QUESTIONS REMAIN ABOUT BUSTED BOOKIE OPERATION

By Ray PaulickJeffrey and Michael Jelinsky are scheduled to turn themselves in to authorities and report to jail by noon Friday and the U.S. Attorney’s office in Las Vegas has officially closed the case against them after guilty pleas earlier this year in a case involving bookmaking, money laundering and running an illegal gambling operation, much […]

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U.S. HANDLE FALLS IN MAY; YEAR-END COULD BE LOWEST SINCE ’96

By Ray Paulick Betting on American Thoroughbred racing continued its downward slide in May, dropping 8.26%, from $1.5 million in 2008 to just under $1.4 billion in 2009. There were 31 fewer U.S. racing days this May compared with May 2008, a number that is expected to fall even farther as tracks like Hollywood Park […]

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MINUS $1 BILLION: U.S. HANDLE LOWEST SINCE 1998

By Ray Paulick Figures released today by Equibase Company confirm what the Paulick Report has been saying for months, that pari-mutuel handle on Thoroughbred racing in the United States is at its lowest level since 1998. With a 20% plunge in December wagering, year-end handle in the U.S. totalled $13,670,196,938, down more than $1 billion […]

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NTRA: DROP IN HANDLE ACCELERATES IN THIRD QUARTER

The following press release from the National Thoroughbred Racing Association is not good news, though not entirely unexpected. Handle in the third quarter (July-September) fell by almost 10%. The decline is not surprising, but it virtually confirms something I wrote the other  day saying that U.S. handle for 2008 will be at its lowest […]

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