Single-game betting worries Canada’s horse racing operators

“Horse-racing wagerers that would access fixed-odds betting will move away from the Canadian parimutuel pools,” said Woodbine Entertainment Group CEO Jim Lawson. “This will dramatically cannibalize the Canadian horse racing industry’s market share, and these operators would earn their revenue without contributing to the substantial cost of producing our content.”

Canada’s legislators are looking to pass an amendment to the Criminal Code that would legalise single-event sports betting in the country.

Single-game betting is currently illegal except in horse racing, and betting on other sports is more centered around several games at a time. Bill C-218 was proposed by Conservative MP Kevin Waugh and would allow gamblers to bet on single games in other sports. He also says it should help with illegal gambling.

While horse racing operators tentatively support the bill, they released an address to the Government where they asked to ensure the horse racing industry and its 50,000 jobs would be protected.

Another concern is fixed odds. Generally, odds in horse racing fluctuate until the horse leaves the starting gate. If other operators, such as casinos, start accepting wagers on horse races, it’s more than likely their odds would be fixed, which might make them more appealing to the player.

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Rich Nilsen is an 18-time qualifier to the National Horseplayers Championship (NHC), an event he has cashed in four times. He was the first player to finish in the top 10 twice. He cashed on the 2018 NHC Tour with a 19th overall finish. Rich was also a winner of a $24,000 package into Kentucky Derby Betting Championship I. A former executive with Brisnet.com, Rich is a graduate of the University of Louisville Equine Business Program and is founder of AGameofSkill.com, a site devoted to horse racing education and promotion.

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