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When the long shot Volponi took the Breeders' final race, the winner's payout from the $3.4 million pari-mutuel pool was enormous and immediately suspect. "If the payoff had been $70,000 [per ticket] instead of $400,000, we might not have known," says Bill Nader, senior vice president of the New York Racing Association. "To that end, we were very fortunate...

Author: /time Magazine | Title: Just a Little Too Lucky | 11/25/2002 | See Source »

...well-known examples are AOL, Earthlink and WorldNet - to block sites offering gambling. It would also punish Internet venues that allowed Americans to place bets online. The players themselves would not be penalized, and the bill would maintain a hands-off approach toward certain types of gambling, specifically pari-mutuel games and lotteries, currently permitted in many states...

Author: /time Magazine | Title: Can Congress Stop Net Wagers? Don't Bet On It | 4/4/2000 | See Source »

...ridden roughshod over those who wondered whether he was all washed up. And a good thing it is too, for Cauthen was in danger of becoming just another Trivial Pursuit question. Remember young Stevie? In 1977 the scrawny 5-ft. 1-in. 17-year-old dazzled the pari-mutuel bettors with an uncanny number of winners at Aqueduct on his way to earning a world-record $6 million in purses, the most sensational apprentice-riding performance in racing history...

Author: /time Magazine | Title: Sport: Yankee Doodle Dandy | 11/12/1984 | See Source »

Wonderland has the distinction of being one of the oldest dog-tracks in the country. Formerly an amusement park at the turn of the century, the site was converted into a greyhound track in 1935, following the passage of laws allowing pari-mutuel betting on horses and dogs. In 43 years, Wonderland, one of Massachusetts' three dog tracks, has grown into a $60 million-a-year enterprise; the state skims off 9 1/2 per cent of this sum. Depending on his quality, each dog may be worth from...

Author: By Mary G. Gotschall, | Title: Going to the Dogs | 5/22/1978 | See Source »

With no way to account for the money, track officials were not optimistic about how much of it they would ever see again. But now they know they can bet on their cashiers. By late last week $400,000 had been carefully returned. Summed up Mutuel Director Warren Weiss, "It was fantastic." That left only some bettors burned up. Many a winning ticket on Garden State's sixth-and last-race that day (favored Dutch Roster paid $3.20) was lost in the stampede...

Author: /time Magazine | Title: Americana: Money to Burn | 5/2/1977 | See Source »

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