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Showing posts from November, 2017

Gambling Growth & Racing: The Importance of Eyeballs, Regulatory Value & Positioning

Legal Sports Report shared some comments from the Draft Kings CEO recently. The DFS company's head said that down the road Draft Kings could become an online sportsbook, if laws are changed in states to allow sports betting.

Sports betting, as most know, has been growing. In Nevada alone, $557 million in bets were taken in September, which was a new record. States like Pennsylvania are setting the table to take bets, should the federal laws change. ESPN, NFL.com and other mainstream websites, now happily report point spreads, like it's old hat.

Draft Kings (and DFS in general) has been taking some major hits of late, with some feeling their value is overblown. That isn't new in the tech world, and there's some truth to it, but Draft Kings has an edge most others do not.

They are already approved, through regulation, in many states.

They are positioned to generate big ROI from a sports betting offering from day one, because they have active users and plenty of eyeballs.…

Incremental Racetrack Changes -- Glass Hall Full or Empty?

Over the last ten or so years the racing industry, and how it presents races, has gone through some changes. These aren't big changes, no, but they're incremental.

You've heard, no doubt, racetracks now talking a great deal about field size and presenting better races. This concept was not pushed nearly as hard decades ago, as racing was a slave to the putting on races and they will come narrative. Southern California racing, along with the races at now defunct Bay Meadows, were the prime examples of that.

Yet another example I've seen, is the scheduling of races.

I remember years and years ago watching the Breeders Cup, while at the same time watching Woodbine, which I played religiously when they were featured on Betfair.



Without a word of a lie, the gates for the two races sprung at exactly the same time. I couldn't believe my eyes, but it's the way it was. Many tracks were operating in a vacuum.

You've read complaints about the above from bettors, wager…

Breeders' Cup Postscript

Good morning everyone. Here are a few of my thoughts on this year's Breeders' Cup.

I thought Del Mar was a great venue from a betting perspective. Both courses seemed fair, and the surfaces played perfectly. This is in sharp contrast to some BC's where souped up dirt tracks make the racing less interesting for both spectators and bettors alike. Kudos to Del Mar.

Handle was again good, buttressing the argument made here and elsewhere that the big days and big meets (outside Keeneland this year, I suppose) keep getting bigger in this sport. The everyday bettor is screaming for fields that offer potential value, and the BC delivers that in spades. Its field size, as well as the quirky nature of the fields makes for some excellent wagering. You rarely have to make excuses, like checking the New York weather report, when the handle is going where it should be.

To the Classic, I enjoyed the Steve Asmussen video watching Gun Runner down the stretch. I submit that wasn't about…