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Tuesday, July 1, 2008

Horse Racing Industry Regulations, Wagering Studies, Economics of Gambling, Articles of Interest

This page is meant to be a portal to some of the vast array of Industry Info, Economic Studies, White papers, Third Party articles, etc, that are of interest to horseplayers. It will grow and evolve over time.

If you come across something that you think will interest your fellow horseplayers, please share the link with us in the comments below:

INDUSTRY PUBS

*Cummings Report*
Required Reading. Sponsored by the Horsemens Benevolent and Protective Association (HBPA) in 2004, an in-depth study and discussion of the reasons behind the "handle up/purses down" phenomenom, and recommendations to allow for competetive pricing in the marketplace. Read it here.


IMPACT OF TAKEOUT RATE ON REVENUE
by Mr. Bobby CHANG, Head of Betting Services, Hong Kong Jockey Club
Read it here.

NTRA Players Panel Recommendations
Formed as an advisory panel to the NTRA, the group identified and made suggestions as to how to improve several aspects that effect players:
Integrity of the Pari-mutuel Pools/Late Mergers---Pari-mutuel Takeout Rates---Taxation---Rebate Policy---Arbitrary Transfer of Wagers to the Favorites Following Late Scratches in Pick-3 and Pick-4 Wagering---Integrity of the Entries/Late Scratches---Customer Service---Medication and Drug-Testing. Read it here.


NTRA Racing Integrity and Drug Testing Report
http://www.ntra.com/include_data/NTRAintegrityreport2001.pdf

University of Arizona Model Rules
http://www.ua-rtip.org/industry/modelrules_pdfs/chapters1_4.pdf
http://www.ua-rtip.org/industry/modelrules_pdfs/chapters5_11.pdf
http://www.ua-rtip.org/industry/modelrules_pdfs/chapters12_18.pdf
http://www.ua-rtip.org/industry/modelrules_pdfs/chapters19_25.pdf

NATIONAL COUNCIL OF LEGISLATORS FROM GAMING STATES
COMMITTEE ON PARI-MUTUELS June 2004
http://www.nclgs.org/0406-PariMutuels-mins.pdf



INDEPENDENT STUDIES

What do bettors want? Determinants of pari-mutuel betting preference.
American Journal of Economics and Sociology, July 2007

http://findarticles.com/p/articles/mi_m0254/is_3_66/ai_n27335516/pg_1?tag=artBody;col1

The Economic Significance of the Longshot Bias in Horse Race Wagering
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=997789

Trends in gambling: the pari-mutuel racing industry and effect of state lotteries, a new market definition
http://www.springerlink.com/content/u76jk518665g5j81


State Lotteries' Effects on Thoroughbred Horse Racing
http://www.jstor.org/pss/3324856



INDEPENDENT ARTICLES

Betfair Case Study: Target a niche and expand
http://www.startup-review.com/blog/betfair-case-study-target-a-niche-and-expand.php

Effect of Breakage
http://horseracing.about.com/library/blbreakage

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