Fixed-Odds Betting Questions

hellersorr · June 22, 2021, 01:35:02 PM

1) How soon before post time does betting open?

2) In the event of scratches after the betting opens, are all bets off? If not, how would the \"bookie\" not get killed? Or is the ticket holder on the scratched horse stuck with the bet?

hooper · June 22, 2021, 07:24:22 PM

Far as I can tell those questions aren\'t available publicly yet.
The bill text as of yesterday. https://www.njleg.state.nj.us/2020/Bills/A5000/4909_R1.PDF

e. The Legislature has determined that the Division of Gaming Enforcement, in consultation with the New Jersey Racing Commission, is best suited to oversee, license, and regulate fixed odds wagering in the State.

7. (New section) a. The division, in consultation with the New
5 Jersey Racing Commission, shall have full power to prescribe rules,
6 regulations, and conditions under which fixed odds wagering may
7 be conducted in this State, consistent with this act, including the
8 manner in which fixed odds wagers may be accepted, the
9 requirements for any person to participate in fixed odds wagering,
10 and the reasonable approval of any and all agreements made
11 pursuant to subsection c. of section 4 of this act, P.L. ,
12 c. (C. )(pending before the Legislature as this bill).

HP · June 22, 2021, 07:44:57 PM

The New Jersey Racing Commission, the one with four members and seven vacancies? Sounds like solid ground to me! Is the expert on fixed odds wagering the dentist? Or the guy that had to resign from the school?

TGJB · June 22, 2021, 08:45:51 PM

Nice.

johnnym · June 23, 2021, 07:46:56 AM

My $ is on the dentist.
Fixed at even $

Boscar Obarra · June 23, 2021, 01:55:35 PM

pretty sure all scratched bets are cancelled, and they adjust the odds on the other horse based on the price of the scratched horse.

cjestice · June 23, 2021, 02:22:37 PM

Based on the name of the wagering, the odds can\'t change on bets made. Can they?

cjestice · June 26, 2021, 06:39:19 AM

From Paulick Report report.

https://www.paulickreport.com/features/the-friday-show/the-friday-show-presented-by-monmouth-park-sports-betting-and-fixed-odds-on-horses/

It\'s licensed bookies. Approximately 30 parties interested in taking wagers.

Next question: Will a portion of these bets go to purses?