Value Tech Blog

Racing must preserve the integrity of the rules and regulations, otherwise the bettors’ confidence in the game will dissipate, and the game would be in real trouble.

Dutrow receives ten-year suspension in New York
http://www.thoroughbredtimes.com/national-news/2011/10/12/Dutrow-receives-ten-year-suspension.aspx

After determining two violations occurred late last year and citing a long list of previous violations, the New York State Racing and Wagering Board (NYSRWB) suspended Dutrow’s license for ten years at its meeting on Wednesday.

Posted via email from Michael Pizzolla On ValueCapping™, Horse Racing, And Technology

Amazing!  I can tell you from having played golf with Corey at a charity event, he is a remarkable athlete. 

Corey Nakatani rides 6 winners at Belmont
http://www.miamiherald.com/2011/10/08/2445025/corey-nakatani-rides-6-winners.html

NEW YORK — Corey Nakatani rode a record-tying six winners at Belmont Park on Saturday, including My Miss Aurelia in the Grade 1 Frizette for 2-year-old fillies.

Posted via email from Michael Pizzolla On ValueCapping™, Horse Racing, And Technology

Horse racing wagering down; purses, race days jump in September
http://fhiers.blogs.ocala.com/11221/horse-racing-wagering-down-purses-race-days-jump-in-september/

North American wagering on horse racing continued it downward cycle in September, but purses and racing days posted healthy increases, according to figured released Tuesday by the Equibase News Service.

Wagering dropped 6.30 percent from last September to $774,455,017 from $826,554,417.

But purses jumped by 6.82 percent to $94,537,675 from $88,504,666. The jump puts purses year-to-date in the positive range, up .60 percent from 2010.

Race days increased 3.35 percent with 493 days this September, compared to 477 last year.

Year-to-date, wagering is down 7.57 percent from $8,960,132,892 in 2010 to $8,281,890,973. Race days are also down a combined 5.24 percent from 4,315 race days in 2010 to 4,089 this year.

Posted via email from Michael Pizzolla On ValueCapping™, Horse Racing, And Technology

This seems to be a trend this year…on-track handle up, overall handle down. 

Turfway Park On-Track Handle Increases
http://www.bloodhorse.com/horse-racing/articles/65340/turfway-park-on-track-handle-increases

Turfway Park reported a slight increase in ontrack handle and a decline in all-sources wagering during the 16-day fall meet highlighted by the WinStar Kentucky Cup Day.

Turfway officials said ontrack wagering on live races totaled $1,640,490, up 0.4% from the 16-day fall meet in 2010. Handle from all sources on the track’s live races was $27,172,667, down 3.9%.

Posted via email from Michael Pizzolla On ValueCapping™, Horse Racing, And Technology

PA Casinos: $274.9M for Racing in 2010-11
http://www.bloodhorse.com/horse-racing/articles/65277/pa-casinos-2749m-for-racing-in-2010-11

Pennsylvania’s 10 casinos—racetrack and standalone—generated $274.9 million for the state’s Race Horse Development Fund in fiscal year 2010-11, according to the Pennsylvania Gaming Control Board annual report released Sept. 30.

The figure is up 5.86% from $259.7 million in fiscal year 2009-10, according to figures in the annual report.

The top generator of racing funds was Parx Casino & Racetrack at $44.6 million, followed by Harrah’s Chester Racetrack & Casino at $32.8 million and Sands Bethlehem Casino at $30.7 million, according to PGCB figures.

Posted via email from Michael Pizzolla On ValueCapping™, Horse Racing, And Technology

Illinois horse racing: Arlington Park making big play for better dates …
http://articles.chicagotribune.com/2011-09-24/sports/ct-spt-0925-horse-racing-dates–20110925_1_arlington-chairman-dick-duchossois-arlington-general-manager-national-jockey-club

If the Illinois Racing Board approves Arlington Park’s 2012 dates request Tuesday, the February through April thoroughbred meeting at Hawthorne Race Course will be wiped off the calendar and the money from out-of-state simulcasts during the first four months of the year will go to Arlington for purses.

Arlington’s argument is that it would be in the best interests of Illinois racing to reduce the Chicago thoroughbred season to four days weekly during an April 30-Sept. 30 meeting at Arlington and a five days weekly at Hawthorne from Oct. 1-Dec. 31.

Posted via email from Michael Pizzolla On ValueCapping™, Horse Racing, And Technology

Promising for Indiana racing…

Hoosier Park Increases Most Purses
http://www.bloodhorse.com/horse-racing/articles/65220/hoosier-park-increases-most-purses

Hoosier Park Racing & Casino, citing an increase in pari-mutuel handle, raised most purses effective Sept. 27.

Officials at the Indiana racetrack said purses for non-conditioned claiming races of $10,000 or higher were increased $3,000, while races for $7,500 and above were raised $2,000.

Hoosier Park will host its biggest program of the year Oct. 1 when the Indiana Derby and Indiana Oaks (both gr. II) will be run.

Posted via email from Michael Pizzolla On ValueCapping™, Horse Racing, And Technology

More slots at racetracks

Casino Expansion Would be Boon to Horse Racing
http://www.nbcchicago.com/blogs/ward-room/casino-expansion-racetracks-130675918.html

The giant casino bill which is stuck in a legislative logjam in Illinois would create a mega-casino for Chicago. It would create four other new casinos, in southern Cook County, Lake County, Rockford, and Danville. And it would add thousands of gaming positions to existing gambling halls across the state.

Oh, and it would put slots in race tracks too.

That’s right. Racetracks. Almost lost in the Sturm and Drang over the casino portions of the gambling bill are the bailout provisions for the Illinois horse racing industry, an industry knocked on its heels by casinos and lotteries and other tracks in other states which got slot machines years ago.

Posted via email from Michael Pizzolla On ValueCapping™, Horse Racing, And Technology

Question:  did the officer in question say anything about Mr. Desormeaux’s riding abilities just before the incident?

Police: Jockey Kent Desormeaux tried running over a cop … with his Porsche
http://www.suntimes.com/sports/horseracing/7404461-419/police-jockey-kent-desormeaux-tried-running-over-a-cop-with-his-porsche.html

SARATOGA SPRINGS, N.Y. — Police in New York say jockey Kent Desormeaux, a three-time Kentucky Derby winner, tried to run over a traffic cop.

Saratoga Springs police say the 41-year-old Desormeaux, of Weston, Fla., was in his 2003 Porsche at Saratoga Race Course about 6:30 p.m. Wednesday when he struck the officer.

Posted via email from Michael Pizzolla On ValueCapping™, Horse Racing, And Technology

Should be interesting to see if the public is behind a cafeteria approach to wagering.

Casinos, Horse-racing advocates urge support of ballot question to legalize …

http://www.pressofatlanticcity.com/news/breaking/casinos-horse-racing-advocates-urge-support-of-ballot-question-to/article_92d02c04-e883-11e0-8308-001cc4c03286.html

TRENTON _ Longtime adversaries became allies Monday as advocates of the casino and horse racing industries joined Monday in support of a referendum and legislation to legalize sports betting in New Jersey.

Five representatives of the state’s horse industry appeared before the Senate gaming and tourism committee in support of a Nov. 8 ballot question asking voters to approve sports wagering at Atlantic City casinos and racetracks. A statement by the Casino Association of New Jersey endorsing sports betting also was read into the record.

Posted via email from Michael Pizzolla On ValueCapping™, Horse Racing, And Technology