NY Approves Rule on Decoupled Entries
Apr 27, 2015 13:26:56 GMT -5
Post by cait on Apr 27, 2015 13:26:56 GMT -5
need to mull this over - not sure if good or bad overall - good in that you don't get stuck with the part of the entry you didn't want
NY Approves Rule on Decoupled Entries
By Tom Precious
New York regulators April 27 approved rules to enhance certain kinds of wagering on Thoroughbred races, which promoters believe will boost revenue and field size.
One of the rules taken up by the New York State Gaming Commission mirrors other states when it comes to flexibility in decoupling race entries of horses with the common ownership or trainers.
The rules, subject to a public comment period, permit horses with common ownership to be decoupled for the purposes of wagering in stakes with purses totaling $50,000 or more. Officials noted Kentucky and Texas recently addressed their coupling rules, while California and Illinois have lifted coupled-entry regulations.
Current New York rules permit decoupling only in races with gross purse values of $1 million or more.
"The proposed decoupling amendment is not absolute," Edmund Burns, general counsel of the NYSGC, wrote in a letter to board members. He noted stewards still could require the coupling of horses in wagers "upon a finding that doing so is necessary in the public interest."
Permitting decoupling of entries "recognizes that misconduct, such as potential collusion among jockeys of commonly-owned horses, is generally less prevalent in races with greater purses," Burns said in his letter. He called the proposed rule for New York, compared with rules in California and Illinois, a "more measured approach."
The NYSGC also approved a proposed rule for superfecta wagering in races with couple entries; superfecta wagers select the first four winning entries in a designated race. The rule allowing superfecta wagering in coupled races is modeled on an existing regulation affecting trifecta bets in coupled races.
In a separate letter to the commission, Burns said supporters believe the change will make the superfecta wager more competitive and attractive to bettors. The rule amends a 1996 model rule set forth by the Association of Racing Commissioners International.
Both the New York Racing Association and Finger Lakes Gaming & Racetrack support the change, Burns wrote. The one-page rule sets out the various specific provisions for superfecta wagers in coupled races on everything from scratches to dead-heat finishes.
NY Approves Rule on Decoupled Entries
By Tom Precious
New York regulators April 27 approved rules to enhance certain kinds of wagering on Thoroughbred races, which promoters believe will boost revenue and field size.
One of the rules taken up by the New York State Gaming Commission mirrors other states when it comes to flexibility in decoupling race entries of horses with the common ownership or trainers.
The rules, subject to a public comment period, permit horses with common ownership to be decoupled for the purposes of wagering in stakes with purses totaling $50,000 or more. Officials noted Kentucky and Texas recently addressed their coupling rules, while California and Illinois have lifted coupled-entry regulations.
Current New York rules permit decoupling only in races with gross purse values of $1 million or more.
"The proposed decoupling amendment is not absolute," Edmund Burns, general counsel of the NYSGC, wrote in a letter to board members. He noted stewards still could require the coupling of horses in wagers "upon a finding that doing so is necessary in the public interest."
Permitting decoupling of entries "recognizes that misconduct, such as potential collusion among jockeys of commonly-owned horses, is generally less prevalent in races with greater purses," Burns said in his letter. He called the proposed rule for New York, compared with rules in California and Illinois, a "more measured approach."
The NYSGC also approved a proposed rule for superfecta wagering in races with couple entries; superfecta wagers select the first four winning entries in a designated race. The rule allowing superfecta wagering in coupled races is modeled on an existing regulation affecting trifecta bets in coupled races.
In a separate letter to the commission, Burns said supporters believe the change will make the superfecta wager more competitive and attractive to bettors. The rule amends a 1996 model rule set forth by the Association of Racing Commissioners International.
Both the New York Racing Association and Finger Lakes Gaming & Racetrack support the change, Burns wrote. The one-page rule sets out the various specific provisions for superfecta wagers in coupled races on everything from scratches to dead-heat finishes.
