NEW: Kalshi’s interest rate on cash and open positions has been bumped up to 4% (which is now higher than my SoFi HYSA rate of 3.8%) In my opinion, this continues to be the best feature Kalshi offers. Traditional sportsbooks are lagging behind the times by not offering this

It is incredibly painful to explain to someone at a sports betting conference that I bet horses for a living

This is interesting as when someone asks a question about betting there is a long thread as we work through the argument. When you try to discuss gambling numbers with those seeking to influence government policy they clam up and don’t engage.

If you’re one of the “Grok is this true?” people I see in the comments I hope you realise you’d be far better off spending a few minutes doing your own research than relying on what Grok says. Grok simply regurgitates what it see’s other people saying. It’s immensely inaccurate.

9 horses now listed, so far, as Deceased, out of Galway Festival Adamantly Chosen & Dance For Chester sadly added

That they have to have a policy on this shows there is a moral vacuum in US bookmaking.

Not a headline I expected to see!

How common is this? . A plane on Google maps

This is beyond parody

H'racingBettorsForum realises how disappointed bettors, connections and racecourses will be at the postponing of fixtures on September 10th, however if it brings attention, particularly the government’s, to the existential threat to UK racing of tax increases it will have been worthwhile

Just been on 5 live regarding the racing strike. Slightly confused as I represented bettors and all the interviewer wanted to say was that bookmakers would continue paying for racing whatever the tax rate “as they made so much money”. Anyhow on from about 9:20pm.

So here we have someone suggesting that anyone involved in preventing gambling harm should do nothing because it will harm the long term interests of UK horse racing . An interesting take and one I 100% oppose.

Link to the HBF’s comments about an article suggesting there was only a modicum of skill involved in betting on horses. ukhbf.org/letter-to-chai…

The parimutuel system was invented by French-Catalan entrepreneur and showman[5] impresario Joseph Oller in 1867.[6] The large amount of calculation involved in this system led to the invention of a specialized mechanical calculating machine known as a totalisator, "automatic

Last win cycle share at Del Mar plunged from 15% to 4.8% after CAW limits. Avg last-cycle win payout change dropped 13.9% → 2.0%. 24 major drops (≥50% win share jump) before, 0 after. Handle/field size down; win pool fell 28%, steeper than other pools.

Why is it people in this country can’t be proud enough to learn which way up to fly our flag?

x.com/i/article/1957…

And the award for the worst knowledge of racing in the marketing department goes to....Easybet...ffs

This puts a lie to the idea that if you are a good enough, non-political enough, brilliant enough (he is literally one of the best mathematicians on the planet), not DEI enough, they will leave you alone to do your work in peace.

A very fair initiative from Plumpton