On Saturday (June 25) Dave Palone became the first driver in harness racing history to reach the 20,000 win plateau by guiding Brother Dick to victory at his home track of The Meadows just outside Pittsburgh, Penn.
The latest plan to save horse racing in New Jersey
TRENTON – The latest plan to save horse racing in New Jersey is on Gov. Phil Murphy’s desk awaiting action: Change the way people wager so it feels more like sports betting.
Since the 1930s, horse bets have relied on pari-mutuel wagering – in which the odds and payoffs are determined after the entire pool of bets is collected. A bet placed when a horse appears to have 5:1 odds could shrink to 2:1 by race time.
A bill unanimously approved by lawmakers last month would introduce fixed-odds wagering – in which odds are locked in when a person buys their ticket. Both types of wagers would be offered.