Tag: thoroughbred idea foundation

Thoroughbred Idea Foundation: Charity Summer Prop Contest Begins On Blue Grass Stakes Day

The summer is upon us, and the Thoroughbred Idea Foundation's Summer Prop Contest benefiting backstretch support organizations is now open and running for the next eight Saturdays. But on this #FreeDataFriday, we wanted to take the opportunity to highlight more success in the campaign to provide customers with actual free data!

Coming in the form of free programs, complete with past performances, and following the lead of Churchill Downs in their recently completed spring/summer meet where they offered free past performances, Keeneland is doing the same for their one-off summer meet. The Lexington track, which opened its short stand on Wednesday, is publishing a file which contains its full program and another with just the past performances.

To access Keeneland's programs, CLICK HERE.

The 2020 TIF Summer Prop Contest commences this week with Keeneland's Toyota Blue Grass Stakes Day taking top billing. Rick Hammerle, winner of the 2019 contest has set the 12 props for this week's contest.

CLICK HERE to enter Week 1 of the TIF Summer Prop Contest

A player's top four scores will count towards the overall standings, so it is OK if you miss a week but increases the likelihood of a better score the more you play. The 2019 contest was decided by just one point in the final week.

The top three finishers each week will get to choose amongst three backstretch development charities which will receive donations. The overall top three finishers in the contest will do the same, and enjoy bragging rights. This summer's beneficiaries include the Backside Learning Center at Churchill Downs, the Belmont Child Care Association and the Edwin J Gregson Foundation, based in southern California. Click on each of their names to learn more about them.

Below are the props that contestants will face. Print this keep record of your selections. We will publish the results on Monday and the top three finishers each week will be contacted by email late Saturday or on Sunday.

1. The name of the horse that wins the Toyota Blue Grass Stakes starts with the letter:

A through L
M through Z

2. Which horse will have the better finishing position in the Toyota Blue Grass Stakes?

#3 ART COLLECTOR
#8 BASIN
#12 ENFORCEABLE

3. What will be the closing odds, according to the final Equibase chart of the race, for Toyota Blue Grass Stakes morning line favorite Swiss Skydiver?

At 3-1 or higher
Lower than her morning line price of 3-1

4. Will a horse that starts from post position #1 (according to the final Equibase chart) win a race on Saturday at Keeneland?

YES
NO

5. Which daily double will pay more on Saturday at Keeneland?

Races 1 & 2
Races 5 & 6
Races 9 & 10

6. Which will pay more on Saturday at Keeneland?

The early pick five (Races 1-5)
The late pick five (Races 5-9)

7. Which of the non-stakes races at Keeneland on Saturday will yield the highest PLACE price?

Race 1
Race 2
Race 3
Race 10

8. HEAD TO HEAD: Which horse will have the better finishing position in the Central Bank Ashland Stakes?

#3 BONNY SOUTH
#5 TONALIST'S SHAPE

9. HEAD TO HEAD: Which horse will have the better finishing position in the Coolmore Jenny Wiley Stakes?

#2 JULIET FOXTROT
#8 TOINETTE

10. According to the final Equibase charts of the race, how many wagering favorites will win on Saturday at Keeneland?

No favorites will win
1 or 2 favorites
3 or 4 favorites
5 or more

11. What will be the number of races on Saturday at Keeneland when the winning margin is a neck or shorter (according to the final Equibase charts of each race)?

Over 2 ½ races
Under 2 ½ races

12. What is the sum of the finishing positions of the Toyota Blue Grass Stakes starters who were most recently sold in auctions at Keeneland (#6 Hard Lighting, #7 Swiss Skydiver, #8 Basin, #9 Attachment Rate, #11 Hunt The Front)?

Over 35.5
Under 35.5

TIEBREAKER: What will be the $0.50 trifecta payout in the Toyota Blue Grass Stakes?

CLICK HERE TO ENTER WEEK 1 – TIF SUMMER PROP CONTEST

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Thoroughbred Idea Foundation: Competition From Fixed-Odds Betting Good For Racing’s Customer

Legal, fixed-odds betting on horse racing in America, which has essentially been limited to big races offered by Nevada books, will take a big leap forward this summer when Monmouth Park, in partnership with Australian firm The Betmakers, will introduce a daily fixed-odds market for Monmouth's races and enable other bet-takers in the state to do the same. It is thought that fixed odds on simulcast races imported to New Jersey might be offered soon as well.

There should be little question that this is both a work-in-progress and a potentially massive step forward for racing, presenting customers with a new set of wagering options. Dennis Drazin, CEO of Darby Development, operators of Monmouth Park, has been the driving force behind the fixed odds play. He led a prolonged battle to overturn the Professional and Amateur Sports Protection Act (PASPA), which yielded legal sports betting in New Jersey and other states since.

Pari-mutuel betting has dominated the American landscape for decades. The only routine source of fixed odds betting for Americans on American racing is through “off-shore” options, which generally contribute nothing to tracks or horsemen. The evolution of regulated, fixed-odds wagering on racing in America will serve as a much-needed competitive volley against pari-mutuel options which have done little to modernize their product over the years.

As it grows, fixed odds betting on American racing should improve tote betting on American racing. It should inspire investment to modernize the tote system, to better serve customers and present a better betting experience. Without the competition, the American tote wagering experience has stagnated. Some examples

– Bet pricing is high.

– Tote breakage, the rounding down of tote dividends, is an archaic practice that has long-served as an additional tax on customers.

– Late odds changes make it near impossible for customers to know what they would expect to receive should they win.

– New bet types have favored higher takeout, lower-churn wagers.

– Markets are only visible for short periods, roughly only the 25 minutes between races. A majority of money wagered comes in the last minutes before a race is run.

– Projected payouts in exotic bets like trifectas, superfectas and pick “n” wagers (beyond doubles) are not offered.

In a more competitive landscape, bettors should expect service upgrades.

In Great Britain, a jurisdiction which has been dominated by fixed-odds betting for decades, pari-mutuel wagering (often called pool betting in the UK) has been a minor player. The UK Tote Group, a consortium of key owners and breeders in British racing, completed an acquisition and took-over pool betting in the country in late 2019.

Faced with a market that has been dominated by fixed odds betting, bolstered with a strong retail business through betting shops in nearly every British town and an online product supported by a near endless marketing blitz, the UK Tote Group had to devise a method to attract interest in a more sustainable source of betting for racing through pools betting.

Their idea – guarantee that the final tote win price at least match that of the final “starting price” offered by fixed odds providers on win bets (a single “starting price” is agreed upon for placement in the permanent record of the race). If the tote price falls short, the UK Tote Group will chip in to top-up the win dividend to winning customers, with protections in place to avoid manipulation.

Now, there are some very clear deficiencies with the British racing funding model.

Contributions from fixed-odds bookmakers represent a source of funding for purses, governed by the rules set out by the Horseracing Betting Levy Board (HBLB).

“The Levy on off-course betting…is collected from bookmakers as a percentage of the gross profit on their horserace betting business. The majority of Levy income is expended in direct support of horseracing.

“HBLB is among the most important contributors to horseracing's finances. The original intention of establishing the Levy, and therefore HBLB, was to provide a means of compensating racing for the loss of attendance that was anticipated when off-course betting shops were legalised in 1961. Today, HBLB applies Levy funds to a wide range of schemes in direct support of horseracing.”

Per-race prize money in the UK is some of the lowest in the world. There is no suggestion this funding model should be replicated in America, in fact, the funding model should be the opposite.

Establishing fair splits of existing tote betting and new fixed-odds betting on racing should be the key. New Jersey is seeking to prove and refine the model, the rest of the country should follow along enabling fixed-odds betting on racing.

It should be good for racing and the trickle down benefits felt by all of the sport's stakeholders.​​​​​

It's beyond time.

 

 

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Equibase ‘Investigating’ Incident In Which Horse Reported Scratched Won At Thistledown

Tuesday's first race at Thistledown in North Randall, Ohio, was won by a horse named Chargedwith Intent. Part of a two-horse entry in the race, Chargedwith Intent had been reported scratched prior to the running of the race on Equibase, while his stablemate Swift Punch had been reported as running. Both horses are trained by Robert Gorham.

Instead, Swift Punch did not appear in the starting gate, and Chargedwith Intent went on to win the race. The race was off at 12:55 p.m. Eastern, and Equibase did not correct the error until after the race had been run, at 1:06 p.m.

“Equibase is aware of the matter involving the first race at [Thistledown] racetrack today,” Equibase said in a statement on social media. “We have been in contact with our limited partner, [Thistledown racetrack], and are currently investigating the matter.”

On the official chart, Swift Punch is listed a scratch by his trainer.

Pat Cummings, executive director of the Thoroughbred Idea Foundation, posted on Twitter a letter he sent to the Ohio Racing Commission requesting an investigation of the error.

“At best, this is a mistake, perhaps by the track, or recipients of information from the track or its vendors,” Cummings wrote. “At worst, something potentially nefarious occurred. It is impossible for customers who wagered more than $128,000 on bets within and connected to this race to know for certain what occurred, but they have been aggrieved by this incident.”

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Belmont Prop Contest: $1,000 Donated To BCCA In Name Of Winner Len Dodson

Len Dodson of California and Kenneth Badaway of Ohio each correctly selected 15 of 18 props in the Thoroughbred Idea Foundation Belmont Day Prop Contest, the best of 128 participants. Dodson's tiebreaker was closer to the actual total of the combined win, place and show pool, earning the win. A $1,000 contribution to the Belmont Child Care Association will be made in Dodson's name.

Dodson was a regular player in the 2019 TIF Summer Prop Contest, finishing in a 12th place tie in the overall standings. Rick Hammerle was the overall winner of that contest. The TIF Summer Prop Contest will return in 2020 with another big sum on the line for racing charities. More information will be shared with former players and those interested in joining in the coming weeks.

Anthony Stabile, of the Horse Racing Radio Network and part of the NYRA broadcast team, finished in a six-way tie for third in this weekend's contest, all players with 13 correct props. Another eight players recorded 12 correct props.

Below are the results of the props and the degree of support each selection received by the participants. Numbers can vary in case a prop was skipped by a participant. (Correct answer in BOLD)

1. HEAD TO HEAD: Who will have the better finishing position in the Belmont Stakes?

#3 MAX PLAYER (Actual – 3rd) (46.4%)
#4 MODERNIST (Actual – 7th) (53.6%)

2. HEAD TO HEAD: Who will have the better finishing position in the Belmont Stakes?

#1 TAP IT TO WIN (Actual – 5th) (62.1%)
#9 DR POST (Actual – 2nd) (37.9%)

3. HEAD TO HEAD: Who will have the better finishing position in the Belmont Stakes?

#2 SOLE VOLANTE (Actual – 6th) (66.4%)
#10 PNEUMATIC (Actual – 4th) (33.6%)

4. According to the published Equibase chart of the race, what horse will be last after the first half-mile of the Belmont Stakes?

#2 SOLE VOLANTE (17.6%)
#5 FARMINGTON ROAD (40.0%)
#7 JUNGLE RUNNER (27.2%)
Any other horse (15.2%)

5. According to the published Equibase chart of the race, the time for the first half-mile of the Belmont Stakes will be…

A – 46.40 seconds or faster (Actual – 46.16 seconds) (49.6%)
B – 46.41 seconds or slower – (50.4%)

6. The winner of the Belmont Stakes will be…

A – #8 TIZ THE LAW (69.6%)
B – Either #1 TAP IT TO WIN, #2 SOLE VOLANTE, or #9 DR POST (21.6%)
C – Any other horse (8.8%)

7. According to the published Equibase chart of the race, the winning margin of victory for the Belmont Stakes will be…

A – 1 ½ lengths or shorter (23.2%)
B – Between 1 3/4 lengths and 3 ¼ lengths (57.6%)
C – 3 1/2 lengths or longer (Actual – 3 ¾ lengths) (19.2%)

8. The final win odds of #8 TIZ THE LAW will be…

A – At his morning line price of 6-5 or higher (11.3%)
B – Lower than his morning line price (Actual 4-5) (88.7%)

9. Which horse will the second choice in the Belmont Stakes, according to the final chart published by Equibase?

#1 TAP IT TO WIN (5.2-1) (40.0%)
#2 SOLE VOLANTE (11.2) (37.6%)
#9 DR POST (7.9-1) (19.2%)
#10 PNEUMATIC (17.8-1) (3.2%)

10. Which number will be greater?

A – Jungle Runner's final win odds in the Belmont Stakes (29.5-1) (65.6%)

B – The total of all runs scored in the Korean Baseball Organization (KBO) games played on Sunday, June 21 (51 runs scored) (34.4%)

11. Which will be larger?

A – The sum of the finishing positions of Belmont Stakes horses ridden by jockeys having their first ride in the race PLUS 8.5 (#2 SOLE VOLANTE – Luca Panici, #7 JUNGLE RUNNER – Reylu Gutierrez, #8 TIZ THE LAW – Manuel Franco) TOTAL 25.5 (41.6%)

B – The sum of the finishing positions of Belmont Stakes horses ridden by jockeys to have won a Belmont Stakes previously (#1 TAP IT TO WIN – John Velazquez, #3 MAX PLAYER – Joel Rosario, #6 FORE LEFT – Jose Ortiz, #9 DR POST – Irad Ortiz) TOTAL 20 (58.4%)

12. Which one-mile graded stakes race on the turf at Belmont will have the faster final time, according to the Equibase chart of the race?

A – Race 4 – The Pennine Ridge (1:33.66) (71.2%)
B – Race 6 – The Wonder Again (1:34.23) (28.8%)

13. Which race will have the shorter winning margin, according to the post-race Equibase charts?

A – The Woody Stephens (3 ¾ Lengths) TIE (80.0%)
B – The Belmont Stakes (3 ¾ lengths) TIE (20.0%)

14. Which of the following results will occur in the Woody Stephens and Acorn?

A – Progeny of Into Mischief will win both the Woody Stephens (MISCHIEVOUS ALEX or SHOPLIFTED) AND the Acorn (GAMINE or LUCREZIA)? (22.6%)

B – Progeny of Into Mischief will win either the Woody Stephens or Acorn, but not both (58.4%)

C – Progeny of Into Mischief will not win the Woody Stephens and Acorn (15.2%)

15. The winner of the Jaipur will come from a trainer with a stable in…

A – New York (#4 PURE SENSATION, #6 HIDDEN SCROLL, #7 WHITE FLAG, #8 LONHTWIST) (38.4%)

B – Any other state (#1 KANTHAKA, #2 OLEKSANDRA, #3 TEXAS WEDGE, #5 STUBBINS) (61.6%)

16. How many favorites (according to the final Equibase charts) will win over the 12 races at Belmont Park?

A – Over 5.5 (TOTAL 7 Favorites) (44.8%)
B – Under 5.5 (55.2%)

17. What combination of jockeys will have the most wins on Saturday at Belmont Park?

A – Irad Ortiz Jr. and Jose Ortiz (4 wins) (43.2%)
B – Manuel Franco, Joel Rosario, John Velazquez (5 wins) (56.8%)

18. Which will occur over the course of the race day at Belmont Park?

A – No demotions by the stewards (72.0%)
B – At least one demotion as a result of a stewards' inquiry or objection (28.0%)

TIEBREAKER: What will be the total of the combined win, place and show pools of the 2020 Belmont Stakes? Total was $12,033,521

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