Horse Racing

A BETTER BET

English racing returns to Caymanas,Offtrack Stations with commingling set to in increase payouts for punters

Friday, March 22, 2019

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BETTING on English and Irish racing in Jamaica is returning to Caymanas Park and its over 100 Offtrack Betting Parlours with what the promoters of local racing, Supreme Ventures Racing & Entertainment Ltd (SVREL), says is a new and better experience in betting.

Making the announcement at a press conference on Tuesday morning last at the Park, SVREL's director of Racing, Christopher Armond, disclosed that very shortly SVREL is going to embark on a new concept with English racing payouts that has never before been offered with that product before by pointing out: “When the previous company (who operated racing at Caymanas Park) carried English racing as part of their menu they built their own pool which meant that their payouts were on most occasions different from the dividends paid out in England.”

Armond then disclosed: “These payouts were most times less in the win, place, exacta and trifecta pools offered in England. (But) where they (past promoters) were able to capitalise was in the other exotic wagers such as the quinella, superfecta, double event and to a lesser extent in the Triple and Pick-5 pools: wagers which are not sold in England. But when you had a field of let's say 25 horses, they would have to offer #16 – 25 as the field or virtually one betting interest for 10 horses.”

This according to Armond is not going to be happening with the new arrangement to be undertaken by SVREL regarding betting on English and Irish racing.

“In what we believe to be an historic move, SVREL is going to be offering commingling on the pools that wagering is offered on in the English and Irish totes which are wins, place, exacta and trifecta.

“There will be no longer 10 horses for one bet and much lower payouts but the actual payout offered in England,” the director of racing revealed.

Armond continued: “When the previous promoter sold #16 – 25 as one bet and number, let's say #20 won, because of the situation — 10 horses for one bet was so attractive, the horse will let us say pay 2/1 in Jamaica. Overseas in England #20 was a 15/1 shot but because of the then situation punters in Jamaica got only 2/1. This will be no more. This time the winner will be getting the full 15/1 dividend.”

For a more equitable punting activity, Armond re-emphasized.

“Soon our customers will be commingling into win, place, exacta and trifecta as those are the main pools offered in the English and Irish totes but SVREL will be offering quinella, superfecta, double event, Triple, Pick-4 and Pick-5 and will be building our own pools on those wagers.”

He then called on local English and Irish racing customers to stand-by as very soon the alternative offer will be on hand to be a far more attractive option than anything that has ever been had in Jamaica.


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