Keeneland to offer fractional wagering, decimal odds
LOUISVILLE, Ky. (March 29, 2012) — Keeneland will be the first track in the country to introduce both fractional wagering and decimal odds display, officials announced today. Both will be available to patrons as an enhancement to the on-track experience.
Available on all pools˜from simple win, place and show bets to complex serial wagers, fractional wagering allows bettors to include more horses in their wagers while keeping the price of the wager affordable. The minimum wager must match the minimum for each individual pool˜i.e. ten cents for superfectas, fifty cents for trifectas, and $1 for pick wagers. For instance, a fan who has $5 to wager could bet a three-horse trifecta box for $4.80˜with each possible combination costing only 80 cents. Typically, a $1 trifecta box would cost $6.
“Every bettor has a story about how he or she didn‚t include a horse in their wager because it cost too much and that horse ended up being the one they needed to cash a ticket,” said Vince Gabbert, Keeneland‚s Chief Operating Officer. “Fractional wagering is a solution that allows you to get the maximum benefit of your bet at the minimum investment. And for casual fans, this is a great way to take a chance on some advanced wagers to sharpen your handicapping skills.”
This spring, Keeneland is also introducing decimal odds on some in-house televisions. Popular among bettors in Europe and Australasia, decimal odds differ from traditional fixed odds in that they display the actual winning amount that would be paid out to the bettor. Instead of displaying 3/1, the decimal odds will display as $4.
“We expect this to be very popular with fans, especially our less experienced players,” Gabbert said. “We will continue to show the traditional odds as well. By fall, we hope to offer decimal odds on our toteboard and simulcast signal.”
Gabbert expressed hope that fans would stop by Wagering Central to provide feedback on both initiatives.
“We encourage fans to stop by Wagering Central, located under the grandstand, and tell us how both initiatives are working for them,” Gabbert continued. “While they are there, they can get betting tips from our in-house handicappers, ask questions, sign up for FastBet mobile or Keeneland Select, our ADW and much more. We‚re trying to provide one central location where fans can get all the wagering information they need to have a great day at the races.”
Keeneland‚s Wagering Minimums:
$2.00 Minimum all wagers except the following:
· $1.00 Exactas, Doubles, and Super High Five
· $0.10 Superfectas
· $0.50 Pick Threes, Pick Fours, and Pick Fives
· $0.50 Trifectas