Brooklyn Backstretch

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Tag Archives: wagering

Should racing executives be allowed to wager on their own product?

Earlier this month, the new board of the New York Racing Association held its first meeting. Last spring, NYRA’s president and CEO was removed following the discovery that the Association was charging a higher takeout on the public’s wagers than was allowed by law, and two weeks later, Governor Cuomo announced that he was reconstituting…

December 28, 2012 in Brooklyn Backstretch.

DerbyJackpot: Angry Birds With Betting?

In 2011, Tom Hessert went to his first horse race. It was the 2011 Preakness, and, he said, “after trying to figure out the tote machine for half an hour,” he decided to place a wager, $5 to win on a horse whose odds were 5-1. After cashing his winning ticket for $30, he was,…

December 27, 2012 in Brooklyn Backstretch.

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