Free Data Friday: Tracks Running Races at the Wrong Distances

From the Thoroughbred Idea Foundation

Saratoga, Gulfstream and Kentucky Downs have all run races over wrong distances within the last six weeks – at least one half-furlong longer than the races were scheduled.

This 50th volume of #FreeDataFriday is not an explanation of some obscure method of timing races, it offers merely a sobering fact, easily exposed BECAUSE of the way in which America times horse races.

First, understand that nearly every distance of a race run in North America is not the actual distance traveled, but the distance which is timed. Horses run-up to the starting point and reach the spot which is the published race distance away from the finish, and then the clock starts. It might be 30 feet, 50 feet, 70 feet or more. It depends on many factors.

Yes, we think this is the wrong way to time races, but at least we know that run-up exists.

But when the un-timed portion of a race is a half-furlong (1/16th of a mile) or more, and those wagering on that, riding in those races or preparing horses for such events are either unaware or not properly informed of this? Well, that’s a problem – for the integrity of the sport and for the confidence of stakeholders.

Saratoga ran the Grade II Bowling Green on August 1, 2020 at a reported 1 3/8 miles on turf-the race was likely at least 1 7/16th miles, more than a half-furlong farther than reported to anyone, including owners of horses in the race, jockeys who rode it and the bettors who staked more than $1.7 million on this race.

Last Saturday, September 5, Gulfstream Park ran two listed, black-type awarding stakes (the Bear’s Den and Miss Gracie) at a reported “about” 7.5 furlongs on the turf. The races were very likely about 540 feet, or roughly four-fifths of a furlong longer than that, much closer to 8.5 furlongs.

On Monday, September 7, Kentucky Downs ran four races at 6 ½ furlongs. The reported “run-up” for the race, acquired via the new Equibase-serviced Gmax timing and tracking system, was 330 feet, a distance that equates to a half-furlong. In other words, horses actually ran seven furlongs. The charts for these races (R2, R6, R7) are HERE–but a replay can be found via ADW replay providers.

The circumstances of all of these races, and the impact of the extra ground covered, and the degree of harm done by presenting customers with these errors, assuredly, varies.

Click here to read this entire report from the Thoroughbred Idea Foundation.

The post Free Data Friday: Tracks Running Races at the Wrong Distances appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Thoroughbred Idea Foundation: Run-Ups Cause Inaccuracies That Are ‘An Affront To Integrity’

Saratoga, Gulfstream and Kentucky Downs have all run races over wrong distances within the last six weeks – at least one half-furlong longer than the races were scheduled.

This 50th volume of #FreeDataFriday is not an explanation of some obscure method of timing races, it offers merely a sobering fact, easily exposed BECAUSE of the way in which America times horse races.

First, understand that nearly every distance of a race run in North America is not the actual distance traveled, but the distance which is timed. Horses run-up to the starting point and reach the spot which is the published race distance away from the finish, and then the clock starts. It might be 30 feet, 50 feet, 70 feet or more. It depends on many factors.

Yes, we think this is the wrong way to time races, but at least we know that run-up exists.

But when the un-timed portion of a race is a half-furlong (1/16th of a mile) or more, and those wagering on that, riding in those races or preparing horses for such events are either unaware or not properly informed of this? Well, that's a problem – for the integrity of the sport and for the confidence of stakeholders.

Saratoga ran the Grade 2 Bowling Green on August 1, 2020 at a reported 1 3/8 miles on turf – the race was likely at least 1 7/16th miles, more than a half-furlong farther than reported to anyone, including owners of horses in the race, jockeys who rode it and the bettors who staked more than $1.7 million on this race.

Last Saturday, September 5, Gulfstream Park ran two listed, black-type awarding stakes (the Bear's Den and Miss Gracie) at a reported “about” 7.5 furlongs on the turf. The races were very likely about 540 feet, or roughly four-fifths of a furlong longer than that, much closer to 8.5 furlongs.

On Monday, September 7, Kentucky Downs ran four races at 6 ½ furlongs. The reported “run-up” for the race, acquired via the new Equibase-serviced Gmax timing and tracking system, was 330 feet, a distance that equates to a half-furlong. In other words, horses actually ran seven furlongs. The charts for these races (R2, R6, R7) are HERE – but a replay can be found via ADW replay providers.

The circumstances of all of these races, and the impact of the extra ground covered, and the degree of harm done by presenting customers with these errors, assuredly, varies.

Here is what we know.

The times of all the races in question are not necessarily wrong – all of the races are timed from the point that is the published distance of the race from the finish. What that means is that the clock starts WELL after the race has actually commenced and makes it remarkably easy to “see” these errors.

In other words, once the horses get to the point that is 1 3/8 miles from the Saratoga finish, or 6.5 furlongs from the finish at Kentucky Downs – the timing system in place starts. Saratoga uses beam-based times, Gulfstream uses Trakus and Kentucky Downs is a new user of the Equibase-enabled Gmax. But an examination of the actual time the horses are racing differs substantially from the official times.

In all of the races noted above, horses raced for no less than seven seconds before the timer began and, again, the fractions recorded for each race are not disputed. At Gulfstream, horses ran for more than 11 seconds, a duration that is the equivalent of 12.5% of the actual time recorded for the race.

Below, review the chart which shows the observed times from video, either via YouTube or replays available from most ADWs, the actual time horses were racing according to those observations, a “hand-time” using a stopwatch from the break of the gate to the finish, the official time of the race as it was reported and the variance between the hand time and the official time.

The variances, in orange on the right, tell the tale. The actual time horses are racing is substantially longer than what is reported to the public. If there are approximately six horse lengths in one second (1 length = approximately 0.16 seconds), then a variance of 7.63 seconds is the equivalent of 45.6 lengths. A variance of 11.34 seconds is the equivalent of 68 lengths.

This is madness.

Over $6.8 million was wagered just within these individual races.

There seems to be a reckless disregard for the truth from track operators as it relates to running races at the distances they schedule.

Here are some questions:

1. Would a horse that won the Bowling Green have been demoted from first to fourth horse if the race was run over the published distance of 1 3/8 miles instead of the actual distance of 1 7/16 miles, given that the interference occurred in the “last half-furlong” of a race that was already a half-furlong too long? (Saratoga)

2. Would a filly have earned black-type for the first time, potentially increasing her future value, if the race was actually contested over 7.5 furlongs instead of nearly 8.5 furlongs? (Gulfstream)

3. Will bettors have won or lost because their analysis and bets were formulated and executed believing the distance published by the track, replicated and sold by Equibase, further sold and distributed by downstream providers like the Daily Racing Form, TimeformUS, Thoro-Graph, BRIS and Ragozin, was accurate?

4. Will regulators – state racing commissions – step forward and hold operators accountable to ensure accuracy in the distances and times of races run in their jurisdictions? (Kentucky, New York. Florida does not have a racing commission)

5. What are the challenges keeping track operators from running races at the distances THEY set and how can they be overcome to ensure accuracy for all?
As it relates to the last question, some of these answers are clear.

Elements of tradition (“this is the way we've always done x”), course management, and safety concerns are the cause of these issues, while the product leaves us with duped customers or participants – bettors, horsemen, jockeys and fans. Accuracy matters, or at least, it should.

INACCURACY IS AN INTEGRITY CONCERN

North American racing does not time races from the break of the gate. Almost every race is run over a distance LONGER than what is published. But run-up on dirt races is normally consistent, and as all seven examples above are turf races, it is clear that portable rails and turf management are partial causes, or exacerbating, the problem.

But how much run-up is too much?

The answer to this should be, at the very least, when the run-up is a half-furlong or more considering the sport still measures distances in such ways.

Over the last year, the #FreeDataFriday series has covered a plethora of issues which impact racing. At its heart, this has been about the need to see access to racing data improved, preferably at reduced price points, and used to attract new customers to racing's wagering markets. Remarkably, though, it seems the sport either fails to either check its own basic math on occasion, or worse, just ignores it.

Not only does accuracy matter, but inaccuracy is an affront to integrity.

Look at how long these “errors” are when extrapolated over a map of Gulfstream, in this example below. Using simple Google Map analysis, with the rail set at 108 feet off the inside, the red dot is located where the gate was approximately placed and the yellow dot roughly 540 feet beyond that (a total of 648 feet of measured distance on the map). This point is already on the first turn and is roughly the spot which is 7.5 furlongs from the finish at this rail setting where the timing would begin.

To give added perspective, consider this – 540 feet is more than half the distance from the top of the stretch to the finish in dirt races at Gulfstream. The image below provides more context. The yellow dot representing 540 feet back from the finish line.

SOLUTIONS

Those races at Gulfstream were “about” 7.5 furlongs like the Kentucky Derby is “about” 1 1/8 miles, which is to say, it isn't. In 2020, racetracks in America should be running, timing and reporting the exact distance of a race as it is scheduled. Not 7.5 furlongs with 540 feet of run-up, not 6.5 furlongs with 330 feet of run-up. Schedule it, offer betting on it and run it at a precise distance. Precision, in both reporting and execution, are needlessly tricky.

The simplest solution is for North American tracks to start accurately reporting existing distances, using existing measures, with completeness. Races at six furlongs on dirt at Churchill Downs have a run-up of 220 feet. The timed portion of the race may be six furlongs, but the race is contested over a distance that is really six furlongs and 73 yards. If you can be disqualified for an offense in an untimed portion of the race, why can't we report (and time) the actual distance horses run?

What might be more precise? Yes, the metric system. It's easier than it seems.
That same Churchill race reported as six furlongs and 73 yards would be 1,274 meters.

Unarguably, the metric system presents one standard measure, boiled down to a precise, uniform number, and something we accept in human racing around the world, at both the highest levels of professional competition and the lowest levels of amateur, even children's sports. Oh, it's used in racing too…just not here…yet.

Regardless of the measurement used, accuracy is easily the most important need.

Racing must start timing from the break of the gate, not some point which is the published race distance from the finish while the gate itself is positioned quasi-arbitrarily behind that point, 50 feet, 150 feet, or as was the case in the last week, maybe between 330 to 540 feet away from the actual point that is the distance everyone otherwise believes.

There are significant costs associated with this development too, but they must be borne.

This status quo is fraudulent to horse owners and bettors and misleading to jockeys. These frauds, perpetrated on the public, could leave tracks open to litigation from aggrieved customers.

Our sport, and its operators and regulators, are not taking it seriously. The actions needed to correct these errors are clear. It is up to those same entities to take those measures and ensure accuracy.

The post Thoroughbred Idea Foundation: Run-Ups Cause Inaccuracies That Are ‘An Affront To Integrity’ appeared first on Horse Racing News | Paulick Report.

Source of original post

Thoroughbred Idea Foundation: Jackpot Wagers Are Bad For Racing

Churchill Downs is the center of racing this weekend as the 2020 Kentucky Derby is finally contested at the famed Louisville track in a year that has been unlike almost any other in modern memory.

Among the special bets available across the two days is the Oaks/Derby Pick Six, which carries a $2 minimum investment, a mandatory payout and a low 15% takeout.

This special bet harkens back to what has seemingly become a bygone era – where pick six bets carried $2 minimums and were absent any jackpot provisions. The twist, of course, is that six graded races across the two days comprise this bet, the Alysheba, La Troienne and Kentucky Oaks on Friday, followed by the Derby City Distaff, Old Forester Turf Classic and Kentucky Derby on Saturday.

Horseplayers have grown both weary of, and disdainful at, the proliferation of jackpot bets – be them pick fives, pick sixes, or other iterations of wagers where a portion of every daily wager is retained for a jackpot paid on the occasion where there is only one individual winning ticket, while another portion is used as a “minor pool” which the multiple ticket winners for the day share.

For customers to really understand the pricing on these bets, it often takes more than just a cursory glance at a number – the takeout – to grasp the impact. Are players betting them? Sure. But, as outlined in our recent report, “Racing Not Only For (the) Elite,” an increasing number of these bets seem to be won by computer-driven high-volume bettors chasing jackpots with massive investments. Last Sunday at Del Mar, a $36,722 investment from a “single” player landed the jackpot of $686,660.

JACKPOT DECEPTION

Jackpot bets are tricky. They deceive.

For now, horse racing wagering in America is presented as almost exclusively a pari-mutuel. The sport earns a guaranteed cut on wagers, and should want as much wagering as possible. In jackpot bets, an amount of every wager is retained and paid to only one customer on the occurrence of that single customer having the only winning ticket in a particular bet.

There may be a belief that jackpot bets drive attention, because horseplayers are always able to shoot for some big carryover or, in the event the bet is not hit for a prolonged period and “forced-out,” wagering on a particular day will be outsized as horseplayers seek to claim the money they know they have a much better chance of winning.

By adding an artificial provision – the single ticket requirement to pay the jackpot – tracks have effectively limited overall wagering churn on other races and greatly increased the takeout on those “lucky” enough to have a winning ticket good enough for only the day's minor pool payout. A segment of informed horseplayers question the long-term, detrimental effects of offering bets where very few customers ever win. Their concerns are well-founded.

A paper from the March 2020 edition of Contemporary Economic Policy offers horse racing some potential lessons as to the long-term impact of actions similar to the proliferation of the jackpot bets in racing. Levi Perez, associate professor of economics in Spain's University of Oviedo and Ph.D candidate Alejandro Diaz are the authors of “Setting The Odds Of Winning The Jackpot: On The Economics of (Re) Designing Lottery Games.”

In the paper, Perez and Diaz contend that customer behavior in light of bigger jackpots, combined with reduced chances of winning a popular Spanish lottery game, changed outcomes for the negative.

“Bigger jackpots no longer translate into higher sales but rather the opposite: it is quite common for the same jackpot size to currently produce lower sales than before [the odds were substantially increased]” in the Spanish lottery game, La Primitiva.

“Players,” they say, “have now become less sensitive” to the jackpots.

This is no surprise to economists.

In racing, the awareness of the customer to their own sensitivity can be masked, as tracks market jackpot bets with one takeout rate, but realistically, charge daily winning customers a different, effective rate. Those who might have picked six winners in a day, but weren't the only ticket, experience a rate that is, in some cases, more than four times higher than the published rate.

WOULD COMMISSIONS APPROVE A BET WITH TAKEOUT AT 62.5%?

Unquestionably, Churchill's Single 6 is the best of the jackpot bets from a pricing standpoint, offering a daily effective takeout of just 23.5%, still significantly lower than even some traditional bets – like a trifecta at Penn National which carries an absurd 31% rake. Below is a sample of several jackpot bets that exist today. It should be clear not all jackpot bets are the same.

If $100,000 is bet into the Single 6 today, and it has a 15% takeout, the net pool is now at $85,000. If there are multiple winning combinations on the six-race sequence, the bet carries a provision that 90% of the net pool goes to any daily winners with all six winning horses and 10% goes each day to the jackpot. That means $76,500 is returned to winners and $8,500 goes to the jackpot.

For this given day, with $76,500 returned from an initial investment of $100,000, the effective takeout is 23.5%.

On the other end of the spectrum, a bet like Assiniboia's Jackpot Pick 5 is just ridiculous.

Picking five winners is, obviously, easier than picking six. That also means that having a single winning ticket for five winners becomes an almost impossible task. In fact, it hasn't happened once in 2020, through 45 days of racing. On two of those days, the jackpot was forced out, releasing the built-up carryover to any customer that picked five winners that night. But for the other 43 days, anyone with all five winners paid an effective takeout of 62.5%. Would a racing commission approve a bet with this high of a daily, effective takeout if they knew this to be the reality?

Promoting such bet-types beyond more traditional plays is pushing customers into bets with incredibly slim chances of winning, and when they do, but others do too, the return is significantly smaller than expected.

But “racing” benefits when customers churn winnings into subsequent bets – jackpot bets reduce overall churn. MANY people winning is good for racing, in the short and the long term. Customers respond on days when they know that a jackpot is being paid out – with days, weeks or even months of money which has been held is finally released. On these occasional days, effective takeout paid by winners is much lower than the published rate.

Here is the takeaway message: jackpot bets are bad for horse racing.

While jackpot bets might sporadically create intense participation from customers on days when the jackpot is “forced-out”, their widespread presence is, on the whole, detrimental to the greater sport.

There are many bettors who know this, and might find it laughable that some still don't.

Granted, not all jackpot bets are the same, but customers should stay attentive to the splits on each bet and the effective takeout (which is not published by the track) and compare it to the actual takeout rate (which is published). Tracks have made generally bad decisions for the greater business in last two decades – the proof is, unarguably, in the numbers.

Overall wagering on racing is not only down, but the composition of that handle is substantially different – play from a small number of heavily-rebated, computer-assisted bettors who can transmit their bets direct to the pools, bypassing traditional ADW setups, is up an estimated 114% in the last 16 years. Meanwhile, play from all other customers – the vast majority of them – is down an estimated 63% adjusted for inflation in the same period.

The two-day, Oaks/Derby Pick 6 with a $2 minimum and 15% takeout is a throwback to well…not all that long ago. It's a decent bet, engaging and “good” for racing. Churchill's own jackpot pick six is one of the “best” of a very troubling lot of jackpot bets, with a daily effective takeout of just 23.5%.

But if faced with an option, as you are on these Oaks/Derby days, it is worth supporting the lower takeout pick six.

For all the discussion around these last few months being a great time for racing to attract new players, we can't think of anything worse than new players being attracted and pushed towards churn-killing jackpot bets.

As racing enjoys a strange edition of one of its premier events, customers who still enjoy having a bet on racing should be provided with greater transparency on the prices they are really paying (takeout) when winning. Racing – including horsemen – cannot afford to continue treating a large segment of customers so poorly.

The post Thoroughbred Idea Foundation: Jackpot Wagers Are Bad For Racing appeared first on Horse Racing News | Paulick Report.

Source of original post

Matt Miller Winner Of TIF Summer Prop Contest, $25,000 Distributed To Charitie

Matt Miller of Northbrook, Illinois is the winner of the 2020 TIF Summer Prop Contest after a weeks-long battle with fellow Illinoisan Doug Slayton, of Champaign. Miller and Slayton, finished the last week of the contest each with a best four-week score of 36 points.

On the tiebreaker, Saratoga's late pick five on Saturday would be in play. Miller guessed $2,468 with Slayton guessing $2,200.05. The actual result was a sensational $28,144, putting Miller's guess closer to the actual return.

Miller chose to direct $5,000 to the Backside Learning Center at Churchill Downs. Slayton chose to split the $3,000 second-place donation across all three charities at $1,000 each – including the Belmont Child Care Association (Anna House) and the Edwin J Gregson Foundation.


Donald Wells of Paris, Kentucky improved his overall score with a nine-win week in the final opportunity to finish in a third-place tie with TIF Board Member Tom Reynolds of Dallas, Texas, who also had nine wins. Wells won the tiebreaker and chose to direct $1,000 to Churchill's Backside Learning Center.

The eighth and final week of the contest went to Craig Brogden of Lexington, Kentucky, who was one of two players tied with 10 correct props and won on the tiebreaker. Brendan McGowan of Bethesda, Maryland finished second while Cory Stauble of Louisville was best of nine with nine correct and won the third-place tiebreaker.

Brogden chose to direct the $1,250 to be split across the three charities, and indicated he will match that contribution with a personal one as well (thank you, Craig!). McGowan directed $500 to Anna House and Stauble directed $250 to the Churchill Downs Backside Learning Center.

Over the eight weeks of the contest, which generated more than 800 total entries, winning participants chose to direct a total of $14,420 to the Backside Learning Center at Churchill Downs, $6,915 to the Belmont Child Care Association and $3,665 to the Edwin J Gregson Foundation. Contributions will be made from the Lavin Family Foundation on behalf of the winners.

“We are incredibly thankful for the participation of so many over the course of the contest, and especially the generosity of the Lavin Family Foundation for providing the donations to the three nominated charities, each of whom do tremendous work, enriching the lives of our industry's incredibly dedicated workers and their families” said Patrick Cummings, TIF's Executive Director.

The final, updated overall Top 20 for the contest is below:

1st – Matt Miller – Northbrook, IL – 36 (11-9-8-8)*

2nd – Doug Slayton – Champaign, IL – 36 (10-9-9-9)

3rd – Donald Wells – Paris, KY – 35 (10-9-8-8)*
4th – Tom Reynolds – Dallas, TX – 35 (9-9-9-8)

5th – Bradley Anderson – Sarasota, FL – 34 (10-8-8-8)

6th – Craig Brogden – Lexington, KY – 33
6th – Len Dodson – Carlsbad, CA – 33
6th – Connor LeClair – Cohoes, NY – 33
6th – Robert Lee – Albany, NY – 33
6th – Patrick Ray – Vancouver, BC – 33
6th – Phil Spade – Dallas, TX – 33
6th – Anthony Stabile – Howard Beach, NY – 33

13th – Tommy Massis – Toronto, ON – 32
13th – Jeff O'Reilly – Springfield, PA – 32
13th – Josh Ross – Westport, IN – 32

16th – Sean Beirne – Louisville, KY – 31
16th – Jeffrey Coakley – Waikoloa, HI – 31
16th – Ken Kasowicz – Chicago, IL – 31
16th – Alex Kibrick – Boston, MA – 31
16th – Patrick O'Connor – Wichita, KS – 31
16th – Paul Weizer – Leominster, MA – 31

*Won tiebreaker

The post Matt Miller Winner Of TIF Summer Prop Contest, $25,000 Distributed To Charitie appeared first on Horse Racing News | Paulick Report.

Source of original post

Verified by MonsterInsights