While the forecast for legalizing online casino during New York’s current state legislative session is not particularly sunny, advocates of fixed odds betting on horse racing are singing a brighter tune despite coming up well short of the finish line in years past.

Unlike horse betting’s traditional parimutuel system, where odds on thoroughbreds and standardbreds can fluctuate right up until a race starts and the house take a predetermined cut of the pool, fixed odds are similar to sports betting in that your price on a given wager is locked in the moment you place the bet. In the same vein, the current legislation states that fixed-odds wagering would be offered through sportsbooks like FanDuel and Caesars in New York, either through mobile betting apps or at kiosks located at racetracks and other sporting venues.