Welcome to the brave new world of fixed-odds betting, where you can make a wager on a racehorse at 100/1 at the very moment when the traditional parimutuel pool only is offering odds of 19/1.
That was my experience in the third race at Monmouth Park on Sunday, which was Opening Day both for the thoroughbred track’s annual summer meet, as well as the implementation of daily fixed-odds wagers at the track.
Chiquito Baby, the morning line longshot at 30/1, seemed to be treated like a different horse on the fixed-odds line set by Australia-based BetMakers compared to the betting public, which determines the parimutuel figure.