Monmouth fixed-odds wagering

[blueline]

Fixed-Odds Wagering at Monmouth Slow But Promising

The dawn of fixed-odds wagering at Monmouth Park may be only five racing days old, but already two of the main claims made by the people behind it have proven to be true.

www.bloodhorse.com

 

[John Kelly]

Bettors are going to be slow to embrace fixed-odds wagering when only six betting windows at Monmouth Park are available at the track.

But having BetMakers involved is a huge plus.

I assume the takeouts in fixed-odds wagering mirror the pari-mutuel holds at Monmouth.

 

[Viejo Dinosaur]

I’m sure we will hear from fifty cint….

 

[fifty cint]

I won't be going to Monmouth til mid June. I do know that I had a horse that paid $41.40 the other day and noticed that the fixed price was $38. I'll be there soon enough

 

[Heim]

Are you locked in with a fixed odds wager or can you go back to the assigned window, cancel
and bet pari-mutual for better odds?

 

[John Kelly]

Like live wagering at a sports book, I assume fixed-odds wagering does not allow canceled bets.

A bet is a bet once you leave the window.

 

[John Kelly]

There's more than one meaning in Monmouth's catchphrase for fixed-odds wagering.

"The odds that you bet are the odds that you get," screams the promotional material.

In other words, no refunds.

 

[John Kelly]

Once the Atlantic City casino subsidies stopped coming to Monmouth Park in 2011, business declined precipitously.

Sadly, Monmouth Park's glory days are in the past.

 

[Ray Luca]

Once the Atlantic City casino subsidies stopped coming to Monmouth Park in 2011, business declined precipitously.

Sadly, Monmouth Park's glory days are in the past.

I went every year for the Sapling Stakes...sadly my last visit was 25 years ago.

I heard its only 2 windows open for fixed odds...but it wasn't from someone I know.

Does anyone know the limits?

 

[John Kelly]

I went every year for the Sapling Stakes...sadly my last visit was 25 years ago.

I heard its only 2 windows open for fixed odds...but it wasn't from someone I know.

Does anyone know the limits?

I believe you can bet to win $5,000 before the odds change.

If that's the case, that's a winning policy.

The house needs to post that type of information for everyone to see.

 

[blueline]

I'm guessing you cant cancel.

I think the limits are you can bet to win 2500

 

[blueline]

I think I also read that if you bet 1K you need to use a players card

 

[blueline]

I saw the 2500 at one site and this from another site :

The minimum fixed odds wager is $1. There is no maximum bet, but any wager that is calculated to profit more than $5,000 on a win bet or $2,000 on a place or show wager is subject to approval by the BetMakers trading department. While Monmouth Park’s opening day coincides with the Kentucky Derby race card, at first fixed odds will only be available on races taking place at Monmouth Park.

 

[blueline]

Horse Racing & Sports Betting, Odds & Results

monmouthbets.com

 

[John Kelly]

Thanks for the link, BLUE.

I'm on their email list now.

 

[blueline]

I'm going to go over some of the past results they have on there and compare....just to have a look...and monitor the site during live monmouth cards to see the prices

 

[John Kelly]

I'm going to go over some of the past results they have on there and compare....just to have a look...and monitor the site during live monmouth cards to see the prices

Deal.

Wondering if the oddsmaking algorithm at BetMakers mirrors some of the qualities/attributes of the big computer groups?

 

[blueline]

Horse Racing & Sports Betting, Odds & Results

monmouthbets.com

sunday card is ready to roll

 

[blueline]

race 2 big chalk

1/2 across the wire.....1.80 fixed odds final...drifted up from 1.55

 

[John Kelly]

race 2 big chalk

1/2 across the wire.....1.80 fixed odds final...drifted up from 1.55

Does the 1.80 figure indicate 4/5 or 9/5?

I assume the former.

Either way, it's significant.

Watching the replay now.

 

[blueline]

I assume the former

race 3 winner paid 4/5.....fixed odds closed 2.4

 

[John Kelly]

I wonder if DRF or Equibase, in time, will include fixed-odds closing prices in their past-performance presentations?

 

[blueline]

5 races....5 wins for paco

 

[John Kelly]

Paco Lopez will not win the sixth race.

No mount.

 

[John Kelly]

The $1 "Paco Lopez" Pick 5 paid only $28.80.

 

[John Kelly]

Odds of the first five winners at Monmouth: 6/5, 1/2, 4/5, 6/5 and 3/5.

 

[John Kelly]

Another favorite wins at Monmouth.

Bikini Baby at odds of 4/5 was hard-pressed to get there but won in the end.

 

[blueline]

Online Fixed-Odds Wagering Gets Its U.S. Debut In New Jersey

The fixed-odds betting format has been in use for months on site at Monmouth Park, and now it's available from home.

www.njonlinegambling.com

While monmouthbets.com subscribers currently can use fixed odds only for Monmouth Park races, BetMakers executive Dallas Baker told NJ Online Gambling Wednesday, “That is only for a moment. It will change in a couple of weeks.”

A dozen or so tracks already have signed on, and so far, it looks as if Colorado could be the second state to offer fixed odds. An enabling law was passed there in March, although the process has gotten bogged down ever since.

Baker cites a list of partner tracks that includes Assiniboia Downs, Century Mile (harness), Canterbury Park, Caymanas Park, Colonial Downs, Delaware Park, Emerald Downs, Fairmont Park, Grants Pass, Hawthorne (harness), and Tampa Bay Downs.

Who else is involved in conversations about fixed odds? New Jersey-based lobbyist Bill Pascrell III mentioned Michigan, Illinois, Indiana, North Carolina, Ohio, Oregon, Oklahoma, Washington state, and Florida — with New York lawmakers also expressing interest.

 

[trytrytry]

thanks for update blue!

 

[blueline]

Getting more interesting

 

[raiders72001]

Good stuff, not a fan of pari-mutuel.

​

 

[blueline]

https://www.playcolorado.com/rules-change-fixed-odds-horse-race-betting/

Colorado Approves Fixed-Odds Horse Betting for 24-Month Period​

News

 

[trytrytry]

Might have to move there.