A harness race at The Raceway at Western Fair in Ontario in which the $46 winner paid more than the exacta highlights a continuing problem with parimutuel wagering that needs to finally be addressed.
The wiseguys especially love LA getting 3 points flat, which means bettors can wager $110 to win $100 on the favorite or underdog.
The state’s sports betting handle increased for the ninth straight year, climbing from $2.76 billion in 2010 to $4.23 billion in 2015 before eclipsing $5 billion for the first time in 2018.
Rhode Island was one of six states that legalized betting on sporting events last year after the U.S. Supreme Court allowed it, ending the effective sports gambling monopoly that Nevada had enjoyed for decades. It is the only state in New England that allows sports betting, making it a focal point for Patriots fans from around the Northeast.
Ten states plus Washington D.C. have already launched or authorized sports betting since the Supreme Court overturned the ban on wagering in May 2018.
Prominent sports bettor David Oancea, known in gambling circles as “Vegas Dave,” pleaded guilty Monday to a misdemeanor in federal court.
Westgate sportsbook manager Ed Salmons estimates that about 80 percent of the Super Bowl betting handle will pour into the books Thursday through Sunday.
Three different Las Vegas sportsbooks made the Patriots 3-point favorites over the Rams over the weekend in Super Bowl LIII. But on Monday, William Hill was the only book still at 3.
In-play wagering is expected to eclipse pregame betting in the United States in four or five years.
The Breeders’ Cup Classic champion will headline the field Saturday in the $9 million Pegasus World Cup dirt race, the third running of the Grade 1 event where owners buy a spot in the starting gate and take a shot at grabbing an enormous payday. It’ll be the final race of Accelerate’s career before he begins his life as a stud horse.