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Betting On Old Horse Races
04/10/2012 : BETTING ON THE PAST
A new way to gamble is emerging in some US states
Economically beleaguered racetracks in several US states have introduced an innovative way to generate wagering action, and a significant number of punters are going for it, reports the Journal Star newspaper.
Dubbed 'historical' or instant horseracing, the concept is to offer punters wagers on randomly selected televised races from the past, along with sufficiently edited handicapping data to make it impossible to identify the particular race in advance. The bettor has the option of watching the race play out in full or in part once he or she has wagered on machines provided at racetracks for the purpose.
Proponents argue that the practice not only makes more money for the tracks, increasing prize purses and state tax contributions, but gives punters something to do between races.
It's proving to be a lucrative business, with Kentucky racecourse owners reporting $15 million in bets last month - and according to another report on Kentucky.com, the Kentucky Downs course is confident that the 'instant' machines will bring in some $150 million this year.
On the downside there is some political and legal resistance developing in Kentucky from conservative anti-gambling groups, with test cases in progress that involve questions of constitutionality.
In Nebraska a political row is brewing over the governor's veto of a measure passed by the state Legislature that would make intrastate 'instant' wagering on video machines at racetracks legal.
The governor exercised his veto on constitutional grounds that the bill would have expanded gambling beyond what is allowed by the state constitution.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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