Source: Press Release
ROWLEY, Mass. (AP) — Three proposals are jockeying to return thoroughbred horse racing to Massachusetts.
The Massachusetts Thoroughbred Horsemen’s Association says it’s working with an investment group to build a $60 million track on 280-acres in Rowley, near the New Hampshire state line.
John Grossi, who founded the Latitude Sports Club chain, is leading the Rowley Group’s proposal. The group is expected to pitch its plan to town officials later this month.
It’s the third proposal to emerge since Suffolk Downs hosted its last live races in June.
Sterling Suffolk Racecourse, which operated the historic Boston track, wants to refurbish the Great Barrington Fairgrounds in the Berkshires.
And the Notos Group, which is headed by developer Tom O’Connell, proposes a horse track, hotel and entertainment complex in Wareham.
The proposals all require legislative approval.
About Editor
Hi Rich-Saw your site and thought perhaps you can point me in the right direction. I heard a “Freakonomics” podcast that stated that betting on “heavy” favorites to show will produce a positive ROI. After some emails and correspondence I could not determine what is a ‘heavy’ favorite. I could do a study using DRF charts for even money and less favorites and their show prices but it would be quite consuming. Do you know where I could locate such a study-A $2.00 show bet on even money horses, 4-5, 3-4, and down to 1-9? Thanks for your time.
Robert Zwissig
San Francisco
The problem is, Robert, that betting on heavy favorites (1/5, 1/9 shots) will produce negative breakage with the wagering sites and you’ll get banned in short order.