First-of-its-kind
wager will begin Saturday, November 4
EAST RUTHERFORD, NJ (September 7, 2017) – The
Meadowlands Racetrack is pleased to introduce the Pick 10 Survivor wager. This
first-of-its-kind wager will debut when the New Jersey harness track opens its
Fall/Winter Meet on Saturday, November 4.
The Pick 10 Survivor requires the selection of the winner in
the first 10 races on the program. The unique twist in the wager is ticket
holders that correctly select the winner of Race 1 will advance to Race 2 while
those tickets that fail to pick the Race 1 winner will be eliminated. Then all
live tickets after Race 2 will advance to Race 3 while those that failed to
pick the Race 2 winner will be eliminated. This continues until there is only
one correct ticket (“The Survivor”) or all 10 races have been completed.
The lone surviving ticket will win the entire pool minus the
wager’s 15-percent takeout. If there are multiple tickets that survive through
all 10 legs or are the last surviving tickets eliminated at the same time, they
will split the net pool. The wager will carry a 20-cent minimum and begin each
night on the first race. There is no carryover associated with the wager. The
Meadowlands is partnering with the USTA’s Strategic Wagering Program to
guarantee the wagering pool at $10,000.
“We think it is imperative for our industry to innovate and
create new ways to wager on our product for our core customers,” said Jason
Settlemoir, Meadowlands GM/COO. “We believe the horseplayers will love the fact
that the winner takes down the entire pool each night. The Pick 10 Survivor is
the result of lots of hard work and dedication from both our staff at the
Meadowlands and our partners at Sportech and I would like to thank everyone who
has helped get us to this position.”
The Survivor Wager was first presented to Meadowlands
chairman Jeff Gural by longtime horseplayer Eric Cherry. It took more than
three years of development and testing in partnership with Sportech to finalize
the wager. Once this piece of the puzzle was completed, it was sent to the New
Jersey Racing Commission for approval.
Michele Fischer, Sportech’s Vice President Sales and
Business Development for the Americas, commented, “As the
tote technology provider for The Meadowlands, Sportech is pleased to help bring
the new exotic Pick 10 Survivor wager to New Jersey. The Pick 10 Survivor
demonstrates that both The Meadowlands and Sportech are player-centric and seek
to maximize player satisfaction by catering to the demand for engaging and
rewarding bets.”
The Meadowlands will be the only track in North America that
will offer this wager. It is scheduled to be available for horseplayers on all
Advance Deposit Wagering platforms and brick-and-mortar racetrack and simulcast
facilities.
