America's ADW

I've basically stopped posting but this article is a must read

Legg Mason Capital Management Thought Leader Forum - Steven Crist  

Sunday's 7th Race from Monmouth Park

Hat tip: Jill S.

Santa Anita to get dirt track by December

Of course I'm not sure Mr. Stronach is of sound mind. We might still end up with some experimental surface only used in equestrian events in central Europe.

Hopefully this is the beginning of the end of synthetic surfaces. I look forward to betting Santa Anita this winter.

4/1.10/2.3.6.7/5/1,4,6/3,8

Two big singles -- Perregaux in the 5th race, a firster by Distorted Humor out of Grade I turf winner Sweet Talker, and Pretty Prolific, a filly I've been married to since her debut two years ago, in the Honorable Miss.

Lisa's Booby Trap won her fourth race in a row in today's Loudonville ($70k listed stakes race at Saratoga) for trainer/owner Timothy Snyder. Gotta love a guy that names his filly both after his wife Lisa, who died of cancer in 2003, and his favorite strip club, Booby Trap in Florida. 

Here is the story from the NY Times.

Today's 5th at Saratoga

from the Daily Racing Form chart

PELICAN LAKE was urged along while a bit off the rail, dropped back while in a bit tight near the seven-sixteenths pole, continued off the rail on the turn, angled out impatiently despite an opening on the rail nearing the quarter-pole, clobbered SHE WEARS THE BEST knocking that rival three paths to the outside, came five wide into the stretch , rallied into the final furlong and closed strongly to win going away.

After a long inquiry Pelican Lake's win was allowed to stand.

I had $50 to win on runner up Rani Baba at 2.40 to 1.

Let It Ride (1989) was based on the book Good Vibes by ESPN.com horse racing columnist Jay Cronley. The movie is hard to find and the book is out print and prohibitively expensive.

The House Financial Services Committee approved the Internet Gambling Regulation Bill (H.R. 2267), 41-22, a first step towared legalizing, regulating, and taxing online gambling. Horse racing is protected under the Interstate Horse Racing Act, so whether this bill passes or not has no impact the legality of ADWs. If it does, however, it could mean new regulations and taxes on horseplayers. 

HR 4976 is the tax bill that has to come out of Ways and Means before anything else moves forward

H.R. 4976:
Internet Gambling Regulation and Tax Enforcement Act of 2010

3/25/2010--Introduced.
Internet Gambling Regulation and Tax Enforcement Act of 2010 - Amends the Internal Revenue Code to: (1) impose an Internet gambling license fee on Internet gambling operators and an additional tax on unauthorized bets or wagers; (2) require such operators to keep daily records of gambling deposits and file informational returns identifying themselves and the individuals placing bets or wagers with them; (3) require operators to pay state and Indian tribal governments a 6% fee on gambling deposits; (4) require withholding of tax on net Internet gambling winnings and on the gross amount of winnings of nonresident aliens; and (5) extend the excise tax on wagers to include wagers placed with the United States or any commonwealth, territory, or possession by a U.S. citizen or resident. Directs the Secretary of the Treasury to make grants to states to carry out an American Heritage Program through state arts agencies. Allocates .5% of the tax revenues attributable to Internet gambling to the American Heritage Block Grant Fund to finance the American Heritage Program. Amends the Social Security Act to establish the Transitional Assistance Trust Fund to finance state plans for transitional education and job training assistance to individuals who are, or were formerly, in foster care. Allocates 25% of the tax revenues attributable to Internet gambling to the Trust Fund. 

I have no idea if any of this would apply to ADWs but a 6% tax on deposits would suck.