Tag: Fixed-odds wagering

Canada's flagship track, Woodbine outside Toronto, benefited from the removal of a controversial provision in a sports betting bill. That bill is making its way through the Canadian government. (Image: Bill Selwyn)

Canadian Horseracing Benefits From Removal of Fixed-Odds Provision

Woodbine Entertainment CEO Jim Lawson, one of Canada’s most powerful horseracing executives, praised Canadian legislators for removing a provision in a sports betting bill that would leave racetracks out of revenue earned from fixed-odds wagering on horseracing. The element in question would have legalized fixed-odds wagering on horseracing without revenue-sharing […]

Currently, North American horseplayers bet using the pari-mutuel system, which pays out based on money wagered in a common pool. New Jersey may be the first US state allowing fixed-odds wagering on horse races. (Image: Ryan Denver/Equi-Photo)

New Jersey Moves One Step Closer to Fixed-Odds Horseracing Wagering

A bill expanding and legalizing fixed-odds wagering on New Jersey horse races emerged from committees in that state’s senate – a little more than a week after being introduced in New Jersey’s state legislature. The bill, allowing permanent fixed odds on races, enjoys bipartisan support in the state legislature. The […]