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Betmakers Technology Group Ltd (ASX:BET) New Jersey Officially Legalises Fixed Odds Betting
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New Jersey Governor Signs Fixed Odds Wagering Bill, Awaiting Regulatory Approval - Horse Racing News
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Fixed-Odds Wagering Will Soon be Available at Monmouth
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Campbell: Give New Jersey Riding Crop Reform A Chance Sponsored by:
When it comes to the New Jersey Racing Commission (NJRC) and their restrictive riding crop rules at Monmouth Park, horse people, jockeys, owners, bettors, turf writers, and anyone remotely interested in the future of this great sport needs to be supportive of what they are doing. Furthermore, let s give executive director Judith Nason, the benefit of the doubt that she and the commissioners on the regulatory agency are dutifully representing the varied interests of everyone involved. In other words, allow them at least a chance to succeed or fail.
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.