NJ passes several racing related bills
 

http://www.pressofatlanticcity.com/n...cc4c002e0.html

This part makes absolutely no sense though. Kind of like having politicians run racing- they don't even understand parimutuel wagering apparently. The racetrack CAN'T HAVE a bad day!

Finally, the fourth bill made changes to allow betting operators to combine all wagers placed on the results of one or more horse races into a single parimutuel pool. These larger pools can handle a greater variety of wagers and are less risky for racetracks.

“This bill essentially gives racetracks the ability to insulate themselves from going broke,” said Sen. Richard Codey, D-Essex. “If a single bettor has a bad night at the races, they’re hopefully not betting with their life savings and can continue to make ends meet.
“However, if a racetrack has a bad night at the races, it can have a domino effect, destabilizing the racetrack’s finances and eating into their economic well-being,” he said.

You never know when there could be a full card of successful bridge jump races.

That is really f'n funny.

I hope we're missing something. Oh boy.

No kidding! Is Zenyatta planning on running in every race every day at Monmouth next summer?

I suppose there's a chance that something was lost in translation but sadly I don't!

My only guess on what they intended (and this is a real shot in the dark), is if the track agrees to seed the exchange wagering markets it would be allowed to pass off losing positions into the parimutuel pool. Obviously this defeats the value of having exchange wagering, but at least it's an explanation.

Good ol Jersey.

http://www.nj.com/news/index.ssf/201...ld_racewa.html