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.

Beat the Odds – Bet Like a Pro

Sports bettingSports betting is a great way to make watching live sports even more exciting. As well as being generally enjoyable, betting can be profitable if you get lucky enough. For some players, luck has nothing to do with it and they have sports betting down to a science. While they’re not able to win every time, these professional gamblers are able to consistently turn a profit while betting on sports.

Of course, sports betting comes with a lot of risk, and while it is possible to make money, you could also end up losing every time you bet. For this reason, it’s important to always play responsibly, never betting more than you can afford to lose. Even if you’re on a winning streak, you’ll want to take care to avoid getting overconfident and losing it all. If you feel you need a break from sports betting, remember that most sportsbooks allow player to set limits on how much they spend.

Provided you’re betting responsibly, these following tips will help you to beat the odds and hopefully turn a consistent profit.

Choose the Right Sportsbook

If you want to get into sports betting in New Zealand, there are hundreds of great online sportsbooks for you to choose from. Picking the right site is crucial, as different sites have different odds, bonuses and provide a completely different user experience. You’ll want to choose a sportsbook that offers exceptional odds on the sports you like to bet on. You should also make sure that your preferred payment method and currency is accepted and that the site is safe and trustworthy. Lastly, consider the type of bonus you can claim when you sign up and whether it’s worth it. Make sure you check the full terms and conditions.

Research Your Sport

It goes without saying but you probably won’t have much luck betting on sports that you know nothing about. The best bettors carefully research the sports and events they bet on, making sure they just as much if not more than the bookies. You don’t have to watch every single game, but staying up to date with the latest team news and form can help you pick the right results more often. Follow your favourite teams and leagues on social media to make sure you never miss out on the latest injury update or player transfer rumours.

Manage Your Bankroll

The amount of cash you have to bet with is known as your bankroll and you’ll want to preserve this as much as possible. Ideally, your bets should always be a certain percentage of your bankroll. This way, when your bankroll increase you can risk betting a bit more, whereas when it decreases, you play it safe. If you’re surer of an outcome, you can use a slightly larger percentage, while you’ll want to use a smaller percentage if you’re less sure. If you want to keep track of your bets and how much profit (or losses) you’ve made, you can find a transaction log in your sportsbook account details.

Don’t Bet for the Sake of It

Betting can be a lot of fun but if you’re planning on making a profit, you’ll want to only bet on events where you think you have a good chance of winning. Always evaluate the odds before you bet, thinking clearly about your chances of winning. It’s easy to get carried away if you’ve made some good wins recently, but you should always be careful about your bets and avoid making them just for the sake of it.

Indianapolis Colts Partner with Caesars Entertainment and William Hill to Sign First NFL Team Sponsorship

“In the digital age, and particularly this virtual world in which we find ourselves now, finding new ways to engage with our fans, partners and community is one of our top priorities,” said Roger VanDerSnick, Colts Chief Sales & Marketing Officer. “This partnership with Caesars Entertainment and William Hill will help us better connect with Colts fans everywhere as we navigate this very unique season in 2020 and offer a greater fan experience well into the future.”

As part of the agreement, Caesars Rewards, the largest customer loyalty program in the industry, will sponsor a free-to-play “Pick 6 Predictor” game on the Colts Mobile App. The Pick 6 Predictor generates a series of questions, that fans predict the outcome of, before the upcoming games. Correct picks are rewarded with weekly prizes, and all participants are entered into a chance to win a trip to Las Vegas to stay at a Caesars Entertainment property

Illinois Horse Racing and Sports Issue Still Pending

Despite moving to the brink of a two-year contract for horse racing in 2020 and 2021, Arlington Park and the Illinois Thoroughbred Horsemen’s Association have yet to put pen to paper on an agreement and forced the Illinois Racing Board to recess its Thursday meeting for approval of this season’s schedule until Friday.

The sides were supposed to have a signed contract in place by Jan. 1, 2020 as part of the $12 billion capital bill Gov. J.B. Pritzker signed into law last June that also legalized sports betting in Illinois. Arlington Park tweeted Wednesday saying it had reached a tentative agreement with the ITHA, but the two sides had a breakdown prior to Thursday’s scheduled board meeting. The ITHA had issue with the language in the contract because purse projections could change if Arlington does not receive the same amount of race days in 2021 that it has in previous years.

More about this Illinois issue:

Belmont Stakes 2020 wagering recap

Wimbledon 2019: A Look at the Men’s Singles Favourites

The pinnacle of the tennis season, not least the grass court season, is almost upon us – Wimbledon. The penultimate Grand Slam begins next month at the world-famous All England Lawn Club in SW19 and in readiness for the tournament beginning, we take a look at the favourites to win the men’s singles title. But in the meantime, check out all the latest Wimbledon men’s odds online.

Novak Djokovic

Reigning champion and world number 1, Novak Djokovic is the overwhelming favourite for the men’s singles title again this year. The Serbian has four Wimbledon titles to his name and overcame South African Kevin Anderson in last year’s final, 6-2, 6-2, 7-6(7-3). He previously enjoyed back-to-back wins in Wimbledon finals against Roger Federer in 2014 and 2015.

This season, Djokovic has won the Australian Open, which in turn, saw him win his fifteenth Grand Slam title; and he was also successful at the Madrid Open, beating eighth-seed Stefanos Tsitsipas in straight sets, 6-3, 6-4.

Rodger FedererRoger Federer

He holds both the records for the most Grand Slam titles (20) and the all-time record of eight Wimbledon titles, so there’s little doubting Roger Federer’s ability to go all the way again.

In the Open Era, he shares the record with Björn Borg for winning five consecutive Wimbledon titles. His first came in 2003, while more recently, Federer won his eighth Wimbledon title in 2017, when he defeated Marin Čilić in straight sets, 6-3, 6-1, 6-4.

The former world number 1 is currently number 3 in the ATP rankings, having retired in the quarter-finals of the Italian Open and lost out at the same stage of the Madrid Open in his return to clay after three years out.

Rafael Nadal

He may sit behind Roger Federer with 18 Grand Slam titles to his name, but the King of Clay, Rafael Nadal, has only won Wimbledon twice. The world number 2 first won the tournament in 2008, defeating the Swiss ace in five sets, 6-4, 6-4, 6-7(5-7), 6-7(8-10), 9-7; before winning for the second time in 2010, beating the Czech Republic’s Tomáš Berdych, 6-3, 7-5, 6-4.

This year, Nadal came runner-up in the Australian Open (a Grand Slam he’s only one once, in 2009); while a string of semi-final defeats in a number of ATP 1000 masters finally culminated in victory, when he won the Rome masters last month. More recently he added to his Grand Slam tally, by winning the French Open for the twelfth time.

Alexander Zverev

He’s the second-youngest player in the ATP top 10 and is certainly one to watch for the future, with 10 career titles to his name already. However, 22-year-old Alexander Zverev, has yet to make a lasting impression on the big stage. At Wimbledon, his best finish to date has been making the fourth round (2017).

Last year he made the quarter-finals of the French Open, losing to eventual runner-up Dominic Thiem in straight sets, 6-4, 6-2, 6-1. However, the German has previously overcome the odds and tough opposition. Only last year, he beat Djokovic in the ATP finals, while he previously beat the Serb in 2017’s Italian Open and in the same year, beat his idol, Federer in the Canadian Open.

Does Horse Racing Need To Make Changes To Keep Up With Sports Betting?

A gambler can walk into the Meadowlands Racetrack or Monmouth Park in New Jersey — or at racetracks in other states such as Pennsylvania and West Virginia — and go to the sportsbook there and place bets on sporting events. The “hold” by the books averages around 5%.

Or the gambler can make a wager on a horse race, either happening at that track or elsewhere via a simulcast TV feed. The hold for that bet is around 15-20%.

Is that a problem, now that sports betting increasingly is going hand-in-hand with horse racing?

The Thoroughbred Idea Foundation, a not-for-profit industry advocacy group, said it is, in a provocative report published earlier this year.

“Racing’s existing customers, including our best customers, will be wooed by fabulously funded sports betting agencies,” the article reads, “while future generations of potential customers will be avalanched by customized fixed-odds betting products featuring their favorite leagues, teams, and players. The opportunities will be endless.

“Over roughly the next two to three years, racing must adapt to these new market conditions — accepting fixed-odds and exchange wagering on its product; developing a new funding model to support the sport in light of this disruptive, well-financed and aggressive competition; significantly boosting and improving our marketing efforts; and innovating to create new types of bets for customers who will soon be taken by agile, forward-thinking sports betting outlets. The future of horse racing …

Sports Betting in New York State

Sports bettingThis year, New Yorkers who want to be part of that action [March Madness] legally must still take their money to another state, with New Jersey the closest option. Next year, though, they should be able to place bets in New York, as the last of the state’s consequential bans on betting disappears. And this might be New York’s best chance to get gambling right and correct the mistakes of the past.

Over the decades, a step-by-step loosening of the state’s betting ban allowed lotteries, bingo, off-track betting, Indian casinos and slot-machine “racinos.” Then in 2013, the state constitution was amended to allow seven non-Indian casinos. The four approved for the Southern Tier and upstate have opened. Three more, in New York City and downstate, can be licensed and built starting in a few years. Those 2013 changes also approved on-site sports gambling for casinos, a bonus that didn’t pay off until last year, when the U.S. Supreme Court struck down a ban on sports betting in most states.

With Gov. Andrew M. Cuomo …

Would Sports betting hurt or help Washington’s horse-racing industry?

When the U.S. Supreme Court held the Professional and Amateur Sports Protection Act (PASPA) unconstitutional in May 2018, it left the decision whether or not to regulate and tax sports betting up to each state.

In Washington state, there are several stakeholders in the debate over potential regulations, ranging from behavioral health advocates to Washington’s tribes. Another eyes the impending, burgeoning industry with what seems to be a complex combination of worry and hope: horse racing.

Doug Moore, the Executive Secretary of the Washington Horse Racing Commission (WHRC), represented the WHRC at the Washington State House Commerce & Gaming Committee work session last week. Moore showed that the horse-racing industry in Washington has experienced a steep decline in recent years as other forms of gambling have been introduced — with the most significant impact hitting after the first tribal casino opened in 1991…

NY and CA are prime examples of why all states don’t have sports betting . . . yet

New York and California are prime examples of why all states don’t have sports betting . . . yet Off Shore Gaming Assocation Hartley examines why just a handful of U.S. states have passed sports betting laws, despite the repeal of PASPA nearly seven months ago.

Source: NY and CA are prime examples of why all states don’t have sports betting . . . yet

How DFS sites FanDuel and DraftKings are taking aim at the world of sports gambling

How daily fantasy sites FanDuel and DraftKings are taking aim at the world of sports gambling

New York Daily News Full coverage: How daily fantasy sites FanDuel and DraftKings are taking aim at the world of sports gambling