Adversity can often times lead to innovation. To say that the coronavirus has added adversity to sports betting is like saying that Cat 5 hurricane is making things a bit breezy. In light of this terrible health crisis, these are the toughest business conditions that most industries have ever faced.
There is still a bright light at the end of the tunnel. Recovery will eventually lead to a return to strong growth trends for the entire sports betting industry. In the meantime, online sportsbooks continue to look for different ways to add some live daily action to their sports betting board.
The horse racing industry has been impacted as well. The famed Kentucky Derby had to be postponed until early September. Top tracks in hard-hit states such as Santa Anita Park in California and Aqueduct in New York have been forced to cancel their spring meets.
Fortunately, a few top tracks have found a way to persevere and continue their daily racing schedule. The three at the top of the list are Gulfstream Park and Tampa Bay Downs in Florida and Oaklawn Park in Arkansas. Two tracks running race cards almost every single day have been Fonner Park in Nebraska and Will Rogers Downs in Oklahoma.
The best thing about betting on horse racing at your favorite online sportsbook is the convenience of using just one account for betting sports and betting horses in their racebook. A few innovative books have decided to increase the betting options for live daily horse racing through their online betting platform for sports. A perfect example of this is betting odds for daily head-to-head matchups.
Posted odds for betting one horse’s finishing position against another is generally reserved for the bigger stakes races such as the Kentucky Derby or Breeders’ Cup. The lack of live sports betting events right now as led to online books posting head-to-head matchups for every single race of a daily card.
Because Fonner Park and Will Rogers Downs are running a live card almost everyday of the week, they have become a popular source of steady betting action on the sport’s side of online books offering this type of action.
Later in the week, the big three of Gulfstream, Tampa Bay Downs and Oaklawn will join the weekend party of live betting action.
Most horse handicappers still take the more traditional approach to breaking down any race. They are more interested in finding the best betting value in a standard exacta or trifecta bet.
Sports handicappers are more about picking sides. They love the head-to-head bet in horse racing. The horse they decide to bet does not have to win the race or even finish in the money by taking second or third. They simply have to beat the other horse they were pitted against.
The betting odds are presented in basic moneylines to add even more value to this type of sports bet. Over the course of a nine or 10-race daily card, bettors have the chance to generate a very attractive return on investment if some luck and skill is on their side.