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Woodbine’s average bet per race is up

January 20, 2011

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While track in the U.S. are seeing declines in handle, Woodbine’s winter meet is off to a stable start. Bruce Murray, vice president of Standardbred racing for the Woodbine Entertainment Group, said the stability has likely come from cutting back to four days of racing a week from the five cards offered in 2010.
“Our average bet per race is up, and that’s in part because we’ve got fuller fields,” he said. “Our betting has stayed consistent, both on-track and in the U.S.”
For the week of Jan. 9, Murray said the average bet per race was up 11.5 percent, although the track’s gross on Standardbred racing dropped by 13 percent because of the cutback in the number of cards.
Murray said about 40 percent of the Woodbine harness handle comes from sending its signal to the U.S. Part of that is generated by the TVG betting outlet, which ranges from $30,000 to $40,000 per card.
Woodbine’s simulcasting business has shown an increase on the Gulfstream races, which has given its Thoroughbred product line a six-percent boost, even while wagering on Santa Anita has declined. Handle on the incoming harness signals has dropped by approximately five percent, he noted.--By Kathy Parker
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