While racing saw a quarter of its race days eliminated in 2020 because of precautions and restrictions put in place to slow the spread of COVID-19, bettors supported the available product while owners saw a decline in purses that mirrored the loss of race days.
Month: January 2021
Horse Racing Free Tips Wednesday 6th January
Bet to win.
Wolverhampton 1.50 Egotistic – win bet.
Kempton 7.15 Global Warning – win bet.
Florida Hunter Trainer Advocates For Return Of Thoroughbreds To The Show Ring
Based in Reddick, FL, hunter/jumper trainer Caitlin Maloney is working hard to bring back recognition of Thoroughbreds in the hunter show ring. She has re-trained and shown multiple off-track Thoroughbreds to national accolades.
When asked why she enjoys the breed, she says she appreciates that they are innately wired to please. Once a Thoroughbred understands what is being asked of them, she says, most want to work with their riders. The key to successfully retraining them is patience, she says.
Once Caitlin determines an OTTB is safe to ride, she will placea pole in the ring and ask the horse to walk over it to determine if he is bold or overwhelmed, which will factor into how he is trained. Once the horse is ready to begin jumping, she doesn't train a Thoroughbred any differently than she does any other breed.
Caitlin reminds riders that a Thoroughbred was first trained for speed and that a forward, galloping Thoroughbred hunter can be lovely to watch if trained to relax and jump correctly.
Caitlin says she has seen more Thoroughbreds in the show ring, and more groups and individuals advocating for their return. She expects the Thoroughbred classes at horse shows to get more competitive.
Read more at The Plaid Horse.
The post Florida Hunter Trainer Advocates For Return Of Thoroughbreds To The Show Ring appeared first on Horse Racing News | Paulick Report.
Handle on U.S. Racing Off Less Than One Percent in 2020
Despite a racing calendar ravaged by the coronavirus, all-sources handle on U.S. racing in 2020 declined by just .98%. According to Equibase, total handle on the year was $10,925,226,444 or $108,597,919 less than what it was in 2019.
Had the Triple Crown races not been rescheduled, it’s possible that handle might have risen on the year. The total handle for the three race days combined dropped by $208 million, or more than what handle was off for the entire year.
“The horse racing community is extremely resilient as borne out by the fact that despite the widespread and negative impacts of the coronavirus pandemic, pari-mutuel wagering on U.S. races held steady in 2020 at nearly $11 billion,” NTRA President and CEO Alex Waldrop said in a statement. “We thank both our customers and all of our essential participants on the backside and beyond for keeping the sport going and supporting the industry during what continues to be an unprecedented and challenging period, not only in the United States but around the world.”
The 2020 numbers were largely in line with the amount bet every year since 2011, when $10.77 billion was wagered. Since they have been relatively stagnant. However, the handle figure for 2020 represents a sharp decline from racing’s peak year in 2003 when a record $15.18 billion was bet.
The numbers were achieved during a year in which there was a 23.5% decline in the number of races that were run and a 25.38% drop in the number of racing programs that were offered. That was offset by a significant increase in the average amount wagered per race, which was $394,412, for a 29.4% increase over 2019. That could mean that there was little to no growth in the industry went it comes to wagering and that players simply bet the same amount of money that they did in 2019, but spread it around among fewer races.
When the major sports all shut down due to the coronavirus, horse racing had a window where it was the only legal form of sports wagering available and, thanks to its television presence, one of the few sporting events available for viewing. Whether or not racing picked up new customers during that period is open for debate.
“It will remain to be seen what the 2020 numbers mean,” said Marshall Gramm, an economics professor who is also an owner and horseplayer. “I don’t know if it’s reason to be positive or negative. I’m somewhat disappointed to see that we weren’t up on the year. But it’s hard to come out definitively to say this was a bad year or this was great year because there were so many factors involved. In many ways, there is some optimism to take away from this because handle wasn’t down as much as you might have thought with the lost days and lost events.”
Ironically, handle surged in the second half of the year, a time in which the major sports opened back up for business. After handle fell by 10.88% in the first half of the year, it increased by 9.49% in the second half. December proved to be a particularly good month, with $751.7 million wagered, an increase of 6.24%
Perhaps the most alarming number to come out Tuesday when Equibase released the year-end figures was the amount paid out in purses. Purses in 2020 totaled $869.7 million, a 25.53% drop from 2019 and the lowest amount paid out since 1997. The average purse for a race in 2020 was $31,399, a 2.7% decrease from the previous year.
The average field size for the year was 7.94, a 5.51% increase from 2019.
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