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  • Holy Bull sire of Catalan 1st Alw (May 24, 8th BEL). Owner, Elizabeth Loftus; Breeder, B. P. Walden & Dr. S. Marcum...
  • Hard Spun sire of Gleaning 1st Mdn (May 23, 4th PID). Owner, Robert T. Manfuso; Breeder, Nursery Place & Robert T. Manfuso...
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  • Yankee Gentleman sire of Little Dale 1st Alw (May 23, 7th BEL). Owner, Vaccarezza, Priscilla, Amante, Anthony and Garrity, Christine; Breeder, Philip Birsh...
  • Latent Heat sire of Heated Troubles 1st Mdn (May 24, 5th RD). Owner, Ashleigh Stud; Breeder, Ashleigh Stud, Frank Ramos & JackieRamos...
  • Jazil sire of Love Me Good 1st Mdn (May 23, 2nd PID). Owner, Sheltowee Farm and Blazing Meadow Farm; Breeder, Sheltowee Farm...
  • Indian Charlie sire of Nechez Dawn 1st Alw (May 23, 7th AP). Owner, Tresner, Coby and Matsas, Alex; Breeder, B. P. Walden Jr., Hargus Sexton & SandraSexton...
  • Smoke Glacken sire of Walker Bay 1st Alw (May 24, 8th CD). Owner, Hammersmith, Dennis L. and Paden Racing, Inc.; Breeder, Brian O'Rourke & Derry Meeting Farm...
  • Petionville sire of Wups 1st Thoroughbred Maiden Derby (May 23, 9th BOI). Owner, Paul Treasure; Breeder, Michael Iavarone...
  • Canadian Frontier sire of Golden Frontier 1st Alw (May 24, 3rd CD). Owner, George Fister; Breeder, Brereton C. Jones...
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  • Medaglia d'Oro sire of Dealer 1st Alw (May 23, 8th CT). Owner, Coleswood Farm, Inc.; Breeder, Family Broodmare, LLC...
  • Hard Spun sire of Ribbon Taffy 1st Mdn (May 23, 5th IND). Owner, Pucek, John Paul and Marcinek, Paige; Breeder, Matthew R. Herbener...
  • Luftikus sire of Joyful Kiss 1st Alw (May 23, 7th CT). Owner, Winfred L. Hess, Jr.; Breeder, Ann M. Casey...
  • Proud Citizen sire of Citizen Kat 1st Alw (May 23, 7th PEN). Owner, Midwest Thoroughbreds, Inc.; Breeder, Mark Reid & Charles Zacney...
  • Flower Alley sire of Bouquet Booth 1st Alw (May 24, 7th CD). Owner, Right Time Racing LLC; Breeder, Brookdale & Dr. Ted Folkerth...
  • Posse sire of Parody 1st Alw (May 23, 4th PEN). Owner, Midwest Thoroughbreds, Inc.; Breeder, Don Mattox & Pam Mattox...
  • Chapel Royal sire of Mr Rodriguez 1st Mdn (May 24, 2nd BEL). Owner, Imperio, Michael and Loftus, Elizabeth; Breeder, Jill Imperio & Daniella Corian...
  • Wando sire of Deb's Girly Girl 1st Alw (May 24, 6th RD). Owner, Deborah F. Metz; Breeder, Deborah F. Metz...
  • First Samurai sire of Nakano 1st Alw (May 24, 8th CRC). Owner, Thoroughbred Futures Racing; Breeder, Hubert Vester...
  • Philanthropist sire of Rob the Cradle 1st Alw (May 23, 2nd WO). Owner, Andrews, Denny and Paradox Farms Inc.; Breeder, Gardiner Farms Limited...
  • Mancini sire of Ride Around Sally 1st Alw (May 23, 6th IND). Owner, Joe Uliano; Breeder, Spade Stable...

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Contest winner emphasizes advantages of pari-mutuel wagering

Posted: Thursday, August 12, 2010 1:37 PM

by Frank Angst

In winning a contest for the best idea to help racing out of its problems, Mike Caggiano said racing leaders should market wagering on the sport as a profit-driven endeavor similar to poker.

Dennis Mills, chief executive officer of racetrack owner MI Developments Inc., launched racingfuture.com two months ago and featured a contest looking for ideas to improve the industry. Caggiano’s entry was selected from 21 semifinalists.

Caggiano noted that many bettors are not aware racing offers a gambling form that pits player against player, as opposed to player against the house. He said the pari-mutuel form of gambling is similar to poker but this aspect of race wagering has not been properly promoted.

“Yes we want the player to believe that through education he will become more profitable,” Caggiano said. “Dangle big paydays in front of him/her and they will educate themselves. The poker boom is a perfect example. Thousands of poker book titles are sold every day in search of education to reap more money.”

“We strongly agree with Mike’s concept of big paydays and we are working hard at developing large, guaranteed, multi-leg wagers that will attract lottery-type players and create more carryover opportunities,” Mills said. “His suggestion that the industry needs to follow the poker boom hits the mark, in our opinion, as television coverage has created a new league of poker superstars and a huge international fan base.”

Caggiano, 50, of Royal Palm Beach, Florida, has been betting on horses since his late teens and also enjoys playing poker. As a prize, Caggiano received a half-interest in a foal Mills bred by Epsom Derby (Eng-G1) winner and Adena stallion North Light (Ire) out of the winning Touch Gold mare Golden Buckle.

To read Caggiano’s full entry, click here and go to page 37.

Frank Angst is senior staff writer of Thoroughbred Times

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READER COMMENTS

Posted by: darrel, tacoma, WA on September 08, 2010 at 10:55 PM

the problem with horse racing is cost cost cost. when you walk into a casino it cost nothing until you play. at a horse track it cost to park,to get in and buys 2or 3 race forms plus 3or 4 programs to cover all the track why in the world would some one with no horse racing experience read a race form it is all greek to him there is to much information in it we do mnot have to go back 10 races to gauge how a horse is going to run that is stuped thinking. i could go on and on but why the horse offical will just ignore what i am talking about

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Posted by: Lexi, WAKEFILED, MA on September 03, 2010 at 11:33 AM

THIS KID HAD THE BEST IDEAS

K. Gordon July 26, 2010

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