The Minnesota Racing Commission has recently notified us of new requirements for Source Market Fees for residents of Minnesota.
Previously, HorseTourneys had received a waiver of a portion of these source market fees owed to the state on play at HorseTourneys and HorsePlayers. Effective July 1, 2021, we are now responsible for the full amount of prescribed source market fees for ADW providers in the state.
Due to our extremely low blended takeout rate (approximately 11 percent blended), HorseTourneys is unable to absorb this source market fee requirement in our existing expense structure. As a result, the State Fee on deposits for Minnesota residents has been increased to six (6) percent of deposited funds. This is only applied to your deposits, not to your entry fees on either site.
We regret that costs for Minnesota residents have increased, but please understand that this additional State Fee is required for us to be able to serve Minnesota residents. We will advise if there is any change to the source market fee requirement moving forward.
Does Live Chat among players belong on a site like HorseTourneys?
It’s a question that we’ve grappled with internally off and on for the better part of… well, only the last decade.
The case for allowing Live Chat is that it adds to the entertainment value of the product, creating a higher level of engagement and fostering an even greater sense of community among our player base. Anyone who has played tournaments at on-site, brick-and-mortar locations has witnessed the kind of camaraderie that typically comes along with a major tournament event. While online chat could never replicate that experience, it would at least bring some of it to online play.
Participating in Live Chat at HorseTourneys is a privilege. This privilege is reserved for those that are able to comport themselves appropriately.
Please note that Live Chat cannot be used for support requests. Players must submit a Customer Support form if needing assistance.
The following are most (but not all) of the kinds of conduct that will not be tolerated:
Use of profane/vulgar language
Don’t curse, and don’t say vulgar or disgusting things. “Damn” is OK. If you think it’s going to be a problem otherwise, don’t say it.
Ad Hominem/Personal Attacks
Don’t attack other players personally.
Attacks on HorseTourneys/HorsePlayers Management or that of our partners
Don’t attack HorseTourneys/HorsePlayers management, whether as a whole or individual members. Don’t attack our business partners like the NTRA, Xpressbet, Breeders’ Cup or our partner racetrack management.
Inflammatory language regarding jockeys, trainers, owners, or others involved in racing itself
Constructive criticism is fine. Stating that you wish a jockey would attract a lethal case of Covid and die is not.
Don’t espouse ridiculous conspiracy theories, especially as it relates to the operation of HorseTourneys/HorsePlayers.
Don’t post incessantly, unless you truly have something constructive to say. Don’t yap simply to see your own voice.
Don’t tout services (such as selling picks, podcasts, etc.) and don’t shill or advertise for other services, particularly if in competition with HorseTourneys/HorsePlayers.
Chat activity may be monitored, both in real time and retroactively. Moreover, players will have the ability to report unacceptable conduct via the Customer Support Form.
Any players discovered to have violated the Chat rules, depending on the severity, will either receive a warning, or lose the privilege to participate in Live Chat. In some cases, HorseTourneys/HorsePlayers accounts may be revoked outright.
If you already have an account at either HorseTourneys or HorsePlayers, that means that you already have an account for both sites.
HorsePlayers.com is a “white label” of HorseTourneys.com, which means that both websites share the same administrative backend. This means that your single account will work at both HorseTourneys.com and HorsePlayers.com. Furthermore, your account balance is shared among both sites. You can deposit into either site, and the funds can then be used on either one.
Please note that players are permitted only one account across both sites. If you think you signed up a new account in error, please reach out to us at email@example.com and we’ll gladly take care of the situation for you.
So just remember, you use your same login email address and password at both HorseTourneys.com and HorsePlayers.com. Email us with any questions.
This blog is sent out annually as a reminder of some tweaks we here at HorseTourneys employ to try and mitigate the effects of winter weather on scheduling. For beginners and veteran tourney players alike, it’s always a good idea for a quick refresher:
As we roll into the winter months, it’s a good idea that we explain our approach to scheduling, which we tweak this time of year. We’ve employed this approach every year, and it just bears a quick reminder every November or so as chilly temperatures descend across the land.
HorseTourneys Announces New “Tourney Triple” Series for 2021, Including $2 Million Bonus for a Series Sweep and a $1 Million Bonus for Capturing Two Legs – plus Prizes for the Top Three Performers
HorseTourneys will unveil a special three-tourney series in 2021, the Tourney Triple, that combines two of the year’s most popular online events with a brand new competition in April—and that offers bonus prizes** for top finishers, including a $2 million bonus should a player sweep the three events and a $1 million bonus should someone win two of the three series legs.
The Tourney Triple will begin with the January 9-10 Flo-Cal Faceoff, a Saturday-Sunday, $1,500 buy-in tourney in which players make mythical selections on each race from the days’ full cards at Gulfstream and Santa Anita. Earlier this year, Thomas Blosser of Cornville, Arizona, won $88,000 in the inaugural edition of the Flo-Cal Faceoff, which had a total purse of $225,000. Feeders and qualifiers for the Flo-Cal Faceoff are now available.
The series will continue in April with the new HorseTourneys Players Championship. Scheduled for April 2-3, the Players Championship will require contestants to make 15 mythical win-and-place selections each day from approximately 30 available races spread across a variety of the weekend’s racetracks. The entry fee for the Players Championship is expected to be $2,000.
The Tourney Triple will conclude on August 14-15 with the highly popular Spa & Surf Showdown, a two-day, full-card tourney featuring racing from two of America’s showpiece racing venues, Saratoga and Del Mar. The most recent edition of the Showdown last month featured a record online purse of $644,000 and was won by Scott Fiedler of Babylon, N.Y. Fiedler earned a winner’s share of $232,112 plus an additional $16,000 in day-bonus money. In 2019, NHC Hall of Fame Paul Shurman of Dix Hills, N.Y., won $109,000 in the first Spa & Surf Showdown. The entry fee for the 2021 Spa & Surf Showdown is expected to be $2,500.
(Dates for the Tourney Triple competitions are tentative and subject to change.)
In addition to the $1 Million bonus for winning two of three, and the $2 million bonus for a sweep, there will be bonus prizes awarded to the top three overall performers in the Tourney Triple series—based on a points formula that will award 100 points for a first-place finish, 99 points for second, down to 1 point for a 100th-place finish. The overall points leader at the end of the Tourney Triple will receive a $10,000 Breeders’ Cup Betting Challenge (BCBC) entry and a National Horseplayers Championship (NHC) entry (or $5,000 in lieu of an NHC seat if the winner is already double-qualified to the NHC). The person with the second-most points will earn a $10,000 BCBC entry, and the third-place points finisher will receive an entry to the 2021 edition of The BIG One at Laurel Park plus $500 for travel.
“In a relatively short period of time, players have made the Flo-Cal Faceoff and Spa & Surf Showdown two of the most important events on the contest calendar,” said McKay Smith, President of HorseTourneys. “By adding the Players Championship and tying all three together with an attractive bonus program, we believe that we will be even better positioned to recognize and reward the people who are truly the lifeblood of the racing industry—the players. We also want to thank our racetrack partners including those at The Stronach Group, The New York Racing Association, Inc., Keeneland and the Del Mar Thoroughbred Club for their ongoing support and cooperation in making exciting tourneys like these available to racing fans.”
Questions? Email HorseTourneys at firstname.lastname@example.org.
For the $ 2 Million Prize: (a) a forty (40) year annuity that pays out $50,000 per year for forty (40) years, OR (b) a lump sum cash settlement of $1,200,000
For the $1 Million Prize: (a) a forty (40) year annuity that pays out $25,000 per year for forty (40) years, OR (b) a lump sum cash settlement of $600,000.
Beginning Thursday, April 9, new scoring parameters for the recently-introduced POINTS-BASED scoring will be in place.
Why are we making this change?
After two months of observation, it has become clear to us that the previous parameters overvalued short-priced horses to a degree that we felt was unacceptable. That we would make changes was expected, as we had assumed that some tweaking of the parameters would be necessary. We wanted a good look at the data and trends before making any changes.
While the intent of this format still remains in rewarding consistency, we felt bonus points needed to be increased, so that players picking horses other than the most likely winners were rewarded.
It’s important to point out that the ROI component of the points-based system is still far from that of the standard $2 Win/Place format, so players can still be assured that consistency in selecting winners will still be the primary factor. But, we believe that winners will now exhibit a greater mix of prices. The new parameters are as follows:
WIN BONUS POINTS (based on final WIN payout): any up to $4.00: 0 points $4.01 to $6.00: 0 points $6.01 to $8.00: 24 points $8.01 to $10.00: 36 points $10.01 to $14.00: 48 points $14.01 to $20.00: 60 points $20.01 to $32.00: 84 points $32.01 and up: 96 points
PLACE BONUS POINTS (based on final PLACE payout): any to $3.00: 0 points $3.01 to $4.00: 9 points $4.01 to $5.00: 12 points $5.01 to $7.00: 18 points $7.01 to $9.00: 24 points $9.01 to $12.00: 30 points $12.01 to $15.00: 42 points $15.01 and up: 48 points
There’s a long-standing tradition in psychology characterizing humans as “cognitive misers.” Misers, in the sense that all things being equal, humans will tend to avoid tasks that require elevated cognitive effort. In other words, zillions of differentiating factors aside, we all tend to try and avoid tasks that require complex, arduous brain thinking for other tasks that might not be so intellectually demanding.
Humans also value their effort. All day and everyday, our brains are masterfully calculating the “cost” of spending that brainpower vis-a-vis the reward that we might stand to obtain as a result. The greater the reward, the harder our brains are willing to work.
All of this sounds obvious, right? What in the world are you getting at, Smith?