The horse racing industry was abuzz with excitement yesterday with ESPN’s David Purdum tweeting that one major US operator was looking to offer fixed-odds on horse racing soon.
Fans and bettors alike were largely overjoyed that legal sportsbooks in this country could soon be offering fixed-odds racing, something that has been popular and a key part of the sports betting industry in Great Britain for decades.
The current system has indicative odds in the morning, with the ultimate payout on winning bets being decided by the total amount of stakes in the pool at the racetracks and online. Fixed-odds allows bettors to be 100% certain on the odds that they’ll receive. It also allows any potential customers to look around between operators and pick the one who offer the best prices, it could be the difference between backing a winner at +800 or +1000.
PointsBet have announced a link with BetMakers, a technology provider, and will soon offer fixed-odds racing in New Jersey, subject to legal approval.
This is a huge story in the history of legal betting in the United States and we’ll be covering it every step of the way, both on Oddschecker and our sister site, a must for racing fans, RacingPicks.