Horse Racing

Success Story, Illegal Betting Gathered at Symposium


Two separate panels, one highlighting “Racing Success Stories” and the other addressing “The Threat of Illegal Betting to the Racing Industry”, created the rationale for both industry optimism and concern on the final day of the University of Arizona Racing Program Global Symposium on December 7.

Positivity was the first order of the day in “Race Success Stories” at the Loews Ventana Canyon Resort in Tucson, Ariz., in which four speakers and a moderator delivered innovations. , reform and collaboration across segments of the racing horse industry by 2022. The most advanced of these is the development of a video system that analyzes the mechanics and sounds of horses competing at the tracks. racing 1/ST Racing.

Among the races that 1/ST Racing operates are Gulfstream Park, Laurel Park, Racecourse Pimlico, Golden Gate Field, and Santa Anita . Park—The Southern California racetrack has weathered the equine welfare crisis following a spike in early 2019.

Since then, the number of deaths has plummeted in Santa Anita, plummeting from 3.01 deaths per 1,000 beginning in 2019 to 0.65 year-to-date in 2022, according to the report. Data provided by Dr. Dionne Benson, veterinary director of 1/ST Racing. Many factors are thought to be responsible for that decline, from changes in dosing rules to pre-race vet checks and cultural changes.

“What we have seen is the commitment of everyone on our track, especially in Santa Anita, to safety,” she said.

Registration for

That commitment extends to 1/ST Racing itself, with the operator deciding in 2019 to pursue the development of the aforementioned video analytics system, along with RaceHorse360, an automated risk identification system to More precise identification of horses ensures close inspection before the race.

“That was three years ago and several million dollars,” Benson said.

Watch: Benson discusses innovations in racing technology 1/ST

Benson credited Paul Williams, chief executive officer of 1/ST Racing, CEO of the 1/ST Technology division, for leading the projects, enabling the continuation of horse tracking with video technology in morning training at Santa Anita.

Other achievements noted in the “Race Success Stories” panel include We Are New York Horse Racing’s beneficial partnership advocacy efforts, the introduction of fish dollar breaking betting in Kentucky, and the development of handles and wallets in Kentucky Downs.

Kentucky State Representative Adam Koenig described the introduction of a coin-break, which offers higher payouts to bettors and modernizes pari-mutuel tax laws in the state, amid challenges in the promote gambling-related problems in socially conservative Bluegrass.

Hội nghị chuyên đề toàn cầu về đua xe năm 2022<br /> Racing success story – Looking back on a year<br /> Adam Koenig” src=”https://cms-images.bloodhorse.com/i/bloodhorse-images/2022/12/db37f39bf6f74f1f83cc05f04e0eee52.jpg?preset=medium” style=”border-width: 0px;” title=”Assembly World racing symposium 2022<br /> Racing success story – Looking back on a year<br /> Adam Koenig”/><figcaption><small>Photo: Track Industry Show</small></p>
<p>Kentucky State Representative Adam Koenig</p>
</figcaption></figure>
</p>
<p>“There are places in the state where you can’t swing a dead cat without hitting a Baptist preacher,” he quips.</p>
<p>Clarifying the language that would legally allow historic horse racing was a hard sell for some Kentucky legislators, although Koenig and other advocates were able to pass.  The continuation of HHR was in doubt before that happened.</p>
<p><span data-track-profile-id=Kentucky Downs Ted Nicholson, vice president of horse racing there, said that he started offering the historic race in 2012 and it has become a “miracle pill” for the track. Since that time, the track has seen wallets skyrocket and riders embrace the live racing product, with bets rising to more than $80 million on the seven-day race in this year.

Betting was also the focus of the late-morning session of the panel “The Threat of Illegal Betting to the Racing Industry”, which also featured examples of pool manipulation illustrated by Pat Cummings , executive director of the Thoroughbred Idea Foundation. Cummings said foreign betting markets have infiltrated American races, and manipulating a group provides a means for such players to achieve higher scores. He cited five dozen incidents over the past six to seven months to look at trends.

Hội nghị chuyên đề toàn cầu về đua xe năm 2022<br /> The threat of illegal betting to the racing industry<br /> Pat Cummings” src=”https://cms-images.bloodhorse.com/i/bloodhorse-images/2022/12/7182d3fccabc48b192820ea4b37e4344.jpg?preset=medium” style=”border-width: 0px;” title=”Assembly World racing symposium 2022<br /> The threat of illegal betting to the racing industry<br /> Pat Cummings”/><figcaption><small>Photo: Track Industry Show</small></p>
<p>Pat Cummings</p>
</figcaption></figure>
</p>
<p>With accompanying slides, he shows how bettors manipulate several pools, using large display bets against relatively small groups, thus distorting the odds, then making money by way of placing bets on the same bets with overseas betting operations, yielding follow-up results.</p>
<p>When such distorted rewards occur as a result of manipulation, customers question the integrity of the race and of the staking pools, he said.</p>
<p>He encouraged regulators to consider stopping low-handling bets that are ripe for manipulation.</p>
<p>“If your doubles average $1,300 – doubles per race, minimum dollars – should we keep doing it? Or should we have a late double with minimums 10 dollars?”  he suggested.  “We have to rethink how we’re doing this because every subgroup is an opportunity to manipulate results.”</p>
<p>Even more serious is the report delivered to the Symposium via videoconference from Martin Purbrick, Chairman of the Asia Racing Federation’s Committee Against Illegal Betting and Related Financial Crime.  He notes that it is possible that 80% of sports and racing betting worldwide is done illegally, with Asian operation Citibet being one of the top culprits.</p>
<p>Also on Wednesday morning, a panel called “Expanding Racing’s Reach: Strategies for Diversity and Inclusion”, focused on how the industry can take proactive steps to encourage and embrace get diversity.  Panelists discussed how some ethnic minorities in the UK did not feel comfortable participating in races and how they addressed domestic barriers to the inclusion of women and people. skin color.</p>
<p>Tom Rooney, president and chief executive officer of the National Thoroughbred Racing Association, also addressed the organization’s lobbying and legislative outlook for 2023. He noted a divided parliament. would make “passing legislation a lot more difficult.”</p>
<p>The NTRA’s priority, he said, “is, and will probably always be, taxes”, along with other priorities being the Legitimacy of the Equestrian Integrity and Safety Authority as well as immigration and betting programs. sports and aftercare.</p>
<p>“We have a duty to make sure that we are doing and we are doing everything we can to ensure that our industry is preserved for our children and grandchildren to enjoy,” he said.</p>
</p></div>

			<div class=
Tags

news7g

News7g: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button