Can someone smarter than me give me the readers digest version.
After two reads don’t like the sound of it.
https://www.bloodhorse.com/horse-racing/articles/236146/kentucky-lawmakers-hear-about-fixed-odds-race-wagering
Here\'s the REAL Reader\'s Digest version:
https://www.washingtonpost.com/archive/sports/1993/04/07/after-a-few-hot-tips-cold-reality-dawns-on-bookmakers-at-sport-of-kings/5cb07343-8e7a-412e-afbc-1bb435c6a839/
The ultra abbreviated version.
During the upcoming Breeders Cup-
the avg euro can bet these races at numerous fixed odds bookies, several betting exchanges or the US tote.
the avg Aussie/Asian can bet these races at numerous fixed odds bookies, several betting exchanges or the US tote.
the avg American will be betting into only the US tote.
it is beyond insanely ridiculous.
Hope that helps.
Someone has to fund these big American purses,so they can pay 500k for maiden claimers, and the bookies wouldn\'t want to share the wealth here.
One less hand in the pie with the tote.
Oddly they do already pay. Betfair for example has an agreement in place with numerous US entities while offering fixed odds and exchange betting to the Euros on US racing.
Not only is the avg US punter paying the highest prices to bet but we get to subsidize the global racing world by shipping insane millions and millions in purses to foreign connections on BC day. Largely borne off of us paying the highest prices to bet on our races in the world.
But hey BC CEO Fravel and his amongst the highest paid executives in all of gambling pay package for hosting a two day meet do appreciate the support.
*fwiw the CD stock price/take out posts. Ignoring that Churchill\'s racing business absent the derby declined for 6yrs in a row after the take out hike until last year was poor form.