The 14-race card on Haskell Day is the biggest event during Monmouth\u2019s four-month meet. Saturday\u2019s all-sources pari-mutuel handle of $19.9 million was nearly four times the size of the track\u2019s all-sources handle from the week before.<\/p>\n<\/div>\n
And while it would have only been available in New Jersey, it still could have generated significant traffic \u2013 especially since the race served as the first Grade 1 stakes race for trainer Bob Baffert. He was returning from the 90-day suspension he received from the Kentucky Horse Racing Commission stewards. That suspension was for Medina Spirit\u2019s failed drug test after last year\u2019s Kentucky Derby.<\/p>\n
So, instead of possibly enticing bettors from New York, Pennsylvania, and Maryland into making a short drive for an online bet, fixed-odds wagering was only available for the 22,138 in attendance at Monmouth Saturday. Those patrons accounted for $1.3 million, roughly 6.6%, of the pari-mutuel handle.<\/p>\n
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At SBC, Pascrell told Casino.org <\/i>that fixed odds were only available at six windows at Monmouth, a small fraction compared to the hundreds of pari-mutuel windows. He said in-person fixed-odds wagering windows were taking bets amounting to roughly 15% of the on-track pari-mutuel handle.<\/p>\n<\/div>\n
Drazin said he still has full confidence in Monmouth\u2019s partner despite not having the app up and running on Saturday.<\/p>\n
\u201cBetMakers is doing a great job,\u201d he said. \u201cNo concerns.\u201d<\/p>\n
About Fixed-Odds Racing<\/h2>\n
Fixed-odds wagering is being touted as a way to attract new fans to racing, a sport that has become stagnant in recent years. In particular, it\u2019s considered a way to attract those who are into sports betting but either don\u2019t understand or care for pari-mutuel odds, which fluctuate as more bettors enter the pool.<\/p>\n
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So, someone who bets on a horse at 7-1 may see his return dwindle if a large sum is wagered later on his pick. The allure with fixed odds, to both the novice and the experienced handicapper, is you\u2019ll get the odds as they were available when you made your bet.<\/p>\n<\/div>\n
It does not guarantee that your fixed-odds wager will have a better return than the pari-mutuel bet. Saturday\u2019s Haskell winner Cyberknife is a good example of that.<\/p>\n
The Brad Cox-trained horse paid $17.60 for a $2 pari-mutuel bet to win. His initial fixed-odds price was $7 for a $1 bet (or $14 for a $2 wager). But Cyberknife was $10 for a $1 bet closer to post time Saturday.<\/p>\n","protected":false},"excerpt":{"rendered":"
Monmouth Park ran its 14-race Haskell Stakes card without launching its MonmouthBets.com app in New Jersey. That’s after previously saying an online site for fixed-odds horse racing would launch before the premier event of its meet. Dennis Drazin, chairman and CEO of the Oceanport thoroughbred track, told Casino.org in a Sunday evening email that Monmouth\u2019s […]<\/p>\n","protected":false},"author":45,"featured_media":222790,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14577,1074],"tags":[81978,81900,81980,26],"acf":[],"yoast_head":"\n
Monmouth Park Fixed-Odds Horse Racing App a No-Show for the Haskell<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n