Can you bet on a dead horse? I really don’t mean a runner which has been slow he or she was known as dead from the gambling public, I mean quite dead, as in no heartbeat, background, a horse that is long gone. Well now you can and you can also acquire, giving the horses that your horse beats will also be dead or alive slot.
This is no joke, it is called instant racing and it is done from a gambling terminal. Many states have racinos where slot machines are offered in the race tracks. Revenue in the slots is used to give sagging pari-mutuel earnings a boost and also to maintain horse racing alive. States like Kentucky, where slot machines are prohibited and therefore cannot be used to assist horse racing, have the alternative of offering a horse racing game, which is provided on the instantaneous racing terminal.
Players are given racing forms and charts to use to handicap races involving great horses from yesteryear. Virtual races are then run and the participant’s bets, depending on the top 3 finishers in the race, are all paid out. Revenue from the instant racing games is split between horsemen, the country, as well as the race track. Does this sound like a good thing?
In Oaklawn Park in Arkansas, where instantaneous racing was dipped in 2000 to overcome a sharp drop of 40% in racing revenue, it has helped to bring in much-needed money to keep live racing alive. The problem is how many real racing enthusiasts are being added to the sports followers and how a lot of the potential fans are becoming video racing fans? Is this really great for racing in the long run?
Will someone who performs the races onto a machine need to walk outside the grandstand to see a live race? When simulcasting was introduced it was likely to be the salvation of rushing and since it might supply the ability of patrons to watch racing just about anywhere, it was thought that lots more people would become racing fans and bettors. It didn’t happen.
How long will it be before casinos and instantaneous racing get so popular that there will be a good enough argument to shut the actual live racing down and to use the revenue from these other gambling venues to feed the budget demands of hungry nations? This is among those questions that have been requested while other groups, like The Family Foundation at Kentucky that opposed the legalization of the instantaneous racing games.
The legal argument appears to hinge on whether the instant racing sport is a game of skill or chance. Games of chance are considered gambling while games of skill are considered sport since the participant does have the ability to raise their chances of winning.
Since handicapping skill is required to win instant games, or at least that is the assumption, it may, in the end, create a whole new crop of handicappers who honed their skills on virtual terminals and races comprising some of the greatest thoroughbreds of all the times, even when they had been dead when the virtual races were conducted.