Spring racing at Pimlico shows decline in handle

Horseracing Betting Lines

05/26/2010 - Baltimore, MD (Sportsbook Betting Lines) - The recently concluded spring race meet at Pimlico Race Course showed a noticeable drop in wagering from 2009. The Maryland Jockey Club announced that average wagering figures were down nearly nine percent during the meet that ended Saturday, May 22.

"We expected the numbers to be down based on the Preakness figures, which dictate whether the numbers will be up or down for the meet," said Tom Chuckas, Maryland Jockey Club president and chief operating officer. "The build up to this year's Preakness did not match 2009 when Rachel Alexandra- mania took over the industry. But we were still able to generate the sixth largest handle ever in the 135-year history of the event."

The average daily handle dropped 8.7 percent from $6.854 million to $6.257 million. However, attendance rose almost 10 percent at Pimlico with the Preakness attracting 95,760 compared to last year's crowd of 77,850.

"We are proud of this year's infield experience and our partnership with Susan G. Komen for the Cure on Black-Eyed Susan Day which made for an outstanding weekend," added Chuckas. "Our staff is meeting Friday afternoon to begin planning for the 2011 Preakness. We will look for ways to build on the momentum that began here a week and a half ago."

This year's 135th Preakness Stakes had wagering of more than $52.76 million with the entire race card on May 15 totaling better than $79.million, sixth among Preakness Day handles.

In 2009 the respective numbers were $59.7 million and $86.6 million.

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In what should be an outstanding Saturday of March Madness betting action, the top four teams in the South and West Regions square off in what should be extremely close match-ups. Three of the four teams are coming off extremely close games on Thursday evening, only UCLA won semi comfortably over Pitt 64-55.

Ohio State is coming off their second game in a row where in all reality they should have lost. Of course that doesn’t matter now since the name of the game is “survive and advance” but as the tournament continues, they can’t afford to keep getting down to their opponents early. Kansas also avoided a scare by holding off a scrappy Southern Illinois squad. In the third thrilling game of the evening Memphis pulled off the minor upset (+3.5) despite being the higher seed to Texas A&M.

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Memphis vs. Ohio State

Both squads were involved in thrillers on Thursday evening and should come out fired up. OSU can ill afford to get behind early like they did versus their previous two opponents (Xavier, Tennessee). Greg Oden needs to stay out of foul trouble; the Buckeyes are a completely different team when he is on the court. Memphis definitely has the athleticism and length to match-up with OSU. Of Memphis’ five leading minute earners, the shortest of the bunch is 6’5”. Each team has a very effective defense; Memphis surrenders 62.3 PPG whereas the Buckeyes give up only 61 PPG. With those type of numbers, it isn’t surprising that Memphis covered the UNDER almost 69% of the time this season. As a favorite, OSU has covered the UNDER almost 66% of the time over the last three seasons. The major concern for Memphis which is magnifies this time of the year is their brutal foul shooting (62%). This season, OSU is 17-11 ATS versus teams with a winning record and 7-2 ATS in all tournament games. Memphis has been an extremely reliable cover in tournament play in recent years with a 23-8 ATS record over the last three seasons.

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