Stan Cave, an attorney representing the Family Foundation of Kentucky, hailed the decision and said it was a long time coming. In light of the decision, Cothran said, the Family Foundation is asking that horse racing tracks running historical racing parlors cease operations until it can be shown their activities are legal.
Ultimately, however, I agree with the majority that the operation of the Exacta System is not pari-mutuel as defined in the common law. Joseph Hospital in Lexington. Lulla Belle Thomas Storms, 76, died September 29, The family had visitation Friday with the funeral Saturday. Bill St.
John, age 67, of Corbin, passed away on Monday October 5, at his home. The dispute between the two sides, which began back in October, has prevented horse racing bettors in the state of Nevada from wagering on races at the popular racetrack for the past 10 months. The dispute has now extended to the final days ahead of the Kentucky Derby and is adversely affecting anyone looking to wager on perhaps the biggest sporting event outside of the Super Bowl or March Madness. I am shocked that during these pandemic times, we are facing an issue of this magnitude to a gambling industry teetering on the brink of financial despair.
However, here we are today. As an alternative to the disagreement, Las Vegas bookmakers were given the go-ahead to begin making preparations to book the Kentucky Derby at each individual sportsbook property. Late Thursday, Gaming Today reported that the Nevada Gaming Commission ruled that sportsbooks can book their own bets on the race as oddsmakers did before the implementation of pari-mutuel wagering in Nevada. This is absolutely terrible news for horse racing bettors in the state of Nevada looking forward to being in Las Vegas on September 5.
See Article History. Get exclusive access to content from our First Edition with your subscription. Subscribe today. Learn More in these related Britannica articles:. This is a common betting pool in which those who bet horses finishing in the first three places share the total amount bet minus a percentage for the management. The pari-mutuel was perfected with the introduction in the 20th century of the totalizator, a….
Pari-mutuel pools in horse-race betting, for example, reflect the chances of various horses to win as anticipated by the players. The individual payoffs are large for those bettors whose winning horses are backed by relatively few bettors and small if the winners are backed by….
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