CHRB to discuss exchange wagering at tomorrow’s meeting at Santa Anita …

I will be anxiously awaiting what is said. WE NEED EXCHANGE WAGERING in California. Not just because I’ll take all your money if we do, but because it will do wonders for the sport.

Stay tuned …

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8 Responses to CHRB to discuss exchange wagering at tomorrow’s meeting at Santa Anita …

  1. Marquez says:

    You can expect a good fight against exchange wagering from the status quo. The main argument will be trying to preserve the integrity of the game,and the cannibalization of the current wagers.

    Of course when the “blended” takeout rate for wagers is around 20 percent, and I believe Betfair will be proposing a 10 percent takeout for exchange wagering,so you can see their cause for concern.

    I personally think it will be a great addition to the betting menu. We will all know a bit more tomorrow.

  2. Aram says:

    Marquez,

    You’re scaring me, man. I never thought about the whole angle of how the grubby hands may try to take too much (again)and ruin the wager with high takeout.

    If they don’t, get ready to see Daddy offering 3 ticks above track odds on any horse he doesn’t like.

  3. Marquez says:

    Unfortunately, I am afraid that the tracks will not have the bettors in mind when it comes to negotiating an agreement for exchange wagering(surprised?).

    A good example of this is the Pick 5. This is the most fan friendly bet (14% takeout and .50 min) but yet they stick it in the 1st Race and very seldom advertise it.

    “get ready to see Daddy offering 3 ticks above track odds on any horse he doesn’t like”.

    Just for fun, see anybody today that you would lay those odds?

  4. mastiff says:

    rhodesian ridgeback see anybody today that you would lay those odds

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