Bangalore Summer Meeting from May 28
The Hindu
BENGALURU: The Bangalore Summer Meeting 2022, originally scheduled to commence from May 21, will now
The Bangalore Summer Meeting 2022, originally scheduled to commence from May 21, will now get underway from May 28.
The total prize money earmarked is ₹14.41 crore and the value of trophies is ₹19.80 lakh. Chivas is the ‘beverage partner’ for the meeting.
Briefing the media here on Wednesday, K. Uday Eswaran, chairman of the Bangalore Turf Club (BTC), said in line with ‘One Nation, One Tax’, the Turf Authorities of India is striving hard to commence the combined tote operations/commingling amongst all the turf clubs in India as ‘One Nation, One Tote’, so as to maximise the tote revenue and enable the racing patrons to earn higher dividends.
Commingling is a new trend and has helped turf clubs/jockey clubs across the globe to multiply their revenue. When the combined tote operations kick-start on July 1 with the help and cooperation of all the turf authorities, it will be a historical day in Indian racing as it would extensively benefit all the stakeholders of the sport.
Commingling is a process where one totalizator combines its wagering pool with another to create one common dividend and brings the entire racing patrons fraternity together for better experience and better dividends with identical pools and identical commission on all pools. The Turf Authorities would be well equipped to compete with bookmakers. Commingling would improve transparency and accountability of betting operations.
The salient features of the combined operations/commingling is one common tote pan India, identical pools for the tote betting, identical commission on all pools and host/guest sharing model based on a weighted average method.
As next year’s Indian Turf Invitation Cup races are being hosted by the BTC during the first weekend of March 2023, BTC will be the Turf Authoritiesof India till such time.
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