thoroughbred idea foundation

Thoroughbred Idea Foundation Panel To Headline 2019 HBPA Convention

In an effort to continue supporting and promoting Thoroughbred racing and the encompassing industry, the keynote address at the National HBPA’s annual convention in March of 2019 will be a panel of representatives from the recently established Thoroughbred Idea Foundation. The non-profit Thoroughbred Idea Foundation (TIF) was formed earlier this year to create an active forum for […]

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Thoroughbred Idea Foundation Paper Calls For Rules Change On Disqualifications

History is littered with the cries of athletes, fans, reporters and bettors who feel a sport’s officials made a “bad call.” But whether it is real or perceived, inconsistent officiating can be maddening and has the potential to erode customer confidence and impact future participation. Horse racing is no different. The virulence of opinions regarding […]

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Thoroughbred Idea Foundation White Paper Calls For Penny Breakage

The Thoroughbred Idea Foundation has released its first white paper. Titled “Penny Breakage – Returning rightful winnings to horseplayers and stimulating North America’s tote pools,” the paper details the scope of the perpetual rounding-down of dividends on winning tickets and why a shift to penny breakage would benefit the industry. Breakage is the amount of […]

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Babich, Barton Brothers Join Board Of Thoroughbred Idea Foundation

Thoroughbred Idea Foundation (TIF) Founder and Board Chairman Craig Bernick announced today the addition of Rory Babich and Donna Barton Brothers to the TIF Board of Directors. Rory Babich currently assists in the operation of St. Elias Stables. Before moving to the horse racing and breeding business, he served as the CEO and President of […]

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Patrick Cummings Named Thoroughbred Idea Foundation’s Executive Director

Patrick Cummings has been named executive director of the Thoroughbred Idea Foundation (TIF). A non-profit organization, TIF was established to create an active forum for the exchange and curation of ideas designed to improve the prospects of the thoroughbred industry and its stakeholders. “It is great to welcome Pat as the executive director of the Thoroughbred […]

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Thoroughbred Idea Foundation Created; To Tackle Major Industry Challenges

The Thoroughbred industry is facing serious problems, bordering on a crisis. According to the Jockey Club, the North American foal crop is projected to be 21,500 in 2018 compared to 35,274 (-39 percent) in 2008. North American handle was $11.5 billion last year compared to $14.3 billion (-19 percent) in 2008. A 2011 McKinsey study […]

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