A story published by The Times this week accuses the Paddy Power Betfair Group of placing strategic bets with on-course bookmakers in order to lower starting price (SP) odds and therefore reduce payouts to their own customers.
A new tax rule adopted by the IRS regarding its treatment of wagering activity will have a positive impact on horse racing bettors in the US beginning today. Yesterday, the IRS adopted a new rule in which all wagers placed into a single parimutuel pool and represented on a single ticket may be aggregated and …
TwinSpires.com paid out one of its biggest bets ever after the running of last weekend’s Kentucky Derby. Yesterday, the blog at TwinSpires.com detailed the story of a woman who earned nearly $83,000 with a single $10 bet placed online just minutes before the race.