JCR and Arena back Tote and britbet agreement

The Tote
The Tote

Jockey Club Racecourses (JCR) and Arena Racing Company (ARC) - which operate 31 tracks between them - have welcomed the start of a Standstill period agreed between the Tote and britbet.

The Standstill, from now until up to 31st October 2018, is required to allow for substantive and good faith discussions, analysis of business plans and due diligence to determine whether British Racing will be best served by britbet and the Tote forming a pool betting alliance.

For the duration of the Standstill, the Totepool brand will remain on-course taking pool bets, while britbet's new technology will be installed across its 55 participating racecourses, including screens and bet-taking equipment designed to enhance the customer experience. 

Totepool's on-course staff will transfer across to be managed by britbet from 13th July 2018.

ARC and JCR are partners in britbet and both organisations are keen to explore other ways British Racing can benefit from the two parties working more closely together.

Simon Bazalgette, Group Chief Executive of The Jockey Club, said: "British Racecourses working together to create britbet will secure vital revenues for British Racing and significantly improve the pool betting experience our racecourse customers receive.

"These objectives will now be achieved either by britbet partnering with the Tote - with britbet providing new technology and customer service and the Tote operating the products and pool - or, if agreement cannot be reached through good faith discussions, then britbet will launch as a consumer-facing service.

"The Standstill period allows the necessary time for all parties to undertake due diligence, have first sight of business plans for an invigorated Tote and consider how we could forge an alliance to keep the pools together for the long-term interests of the sport. This approach is only now possible since Alizeti signed its deal with Betfred.

"In my experience our sport is better off when its stakeholders work together towards a shared goal. The Jockey Club always looks to collaborate with others and I am pleased that through this process we have agreed with Martin Cruddace and his team at ARC that we should explore future opportunities to work together, in addition to other racecourses and the sport's participants."

Martin Cruddace, Chief Executive of Arena Racing Company, said: "Britbet is, and remains, a collaborative venture between British Racecourses which will offer a real step forward in the pool betting experience for our customers. We look forward to the implementation of new technologies, which customers will start to see on course from Friday 13th July.

"Having agreed to this period of Standstill until 31st October, we believe that we have a unique opportunity to further develop our offer, in possible collaboration with the Tote. Until this time, we will work with our partners in discussions as to exactly what that will look like and the viability of the business.

"If ARC and The Jockey Club can establish a symbiotic relationship built on trust, British horseracing can unlock real value in any number of areas. I look forward to working closely with Simon to nourish and protect the value of the sport."

Related links

Like what you've read?
Help your friends Know It All by sharing this article to your social media.

Most Read Racing

Check out our preview and tips for today's horse racing1

Thursday's racing preview

Nick Robson makes Mythical Madness one of his best bets and he has a tip for every race in the UK and Ireland.

Irishcorrespondent wins his maiden in great style2

Happy times at last for Exultant

The Hong Kong Vase was hard fought for by Exultant, but they haven’t always been good times. Ben Linfoot catches up with Belinda Strudwick, the woman who bred the HK hero.

Nap Of The Day
3

Daily Nap: Moore profits

David Ord heads to Chelmsford's evening meeting for Thursday's nap and he's backing a Gary Moore-trained horse over a course and distance she's won over before.

Alex Hammond looks ahead to the weekend's racing4

Alex Hammond: Going to War

Sky Sports Racing's Alex Hammond reflects on last weekend's action while looking forward to Cheltenham this weekend where War Sound is her fancy in the big handicap.

Waiting Patiently5

Patiently pleases in Hexham spin

Brian Hughes expressed his satisfaction after partnering 32Red King George VI Chase contender Waiting Patiently in a post-racing workout at Hexham on Wednesday.

Most Read Racing

Check out our preview and tips for today's horse racing1

Thursday's racing preview

Nick Robson makes Mythical Madness one of his best bets and he has a tip for every race in the UK and Ireland.

Irishcorrespondent wins his maiden in great style2

Happy times at last for Exultant

The Hong Kong Vase was hard fought for by Exultant, but they haven’t always been good times. Ben Linfoot catches up with Belinda Strudwick, the woman who bred the HK hero.

Nap Of The Day
3

Daily Nap: Moore profits

David Ord heads to Chelmsford's evening meeting for Thursday's nap and he's backing a Gary Moore-trained horse over a course and distance she's won over before.

Alex Hammond looks ahead to the weekend's racing4

Alex Hammond: Going to War

Sky Sports Racing's Alex Hammond reflects on last weekend's action while looking forward to Cheltenham this weekend where War Sound is her fancy in the big handicap.

Waiting Patiently5

Patiently pleases in Hexham spin

Brian Hughes expressed his satisfaction after partnering 32Red King George VI Chase contender Waiting Patiently in a post-racing workout at Hexham on Wednesday.

Next Race Off

22:06 Gulfstream
7
(7)
Zalza
J: Jose Ortiz
8
(8)
Gem Juan
J: Edixon Gaviria
2
(2)
Zaman
J: Paco Lopez
6
(6)
Watch Your Step
J: Miguel Vasquez
9
(9)
Tizm
J: Reylu Gutierrez
10
(10)
Deweycheatemanhowe
J: Brian Jr Hernandez
11
(11)
Treasure Bay
J: Richard Mitchell
5
(5)
Karas
J: Romero Maragh
3
(3)
El Playon
J: Leonel Reyes
12
(12)
Perfect Beam
J: Luis Sanchez
1
(1)
Bruno Nose Best
J: Luis Castillo

Racing Tips

Nap Of The Day

Daily Nap: Moore profits

David Ord heads to Chelmsford's evening meeting for Thursday's nap and he's backing a Gary Moore-trained horse over a course and distance she's won over before.

Check out our preview and tips for today's horse racing

Thursday's racing preview

Nick Robson makes Mythical Madness one of his best bets and he has a tip for every race in the UK and Ireland.

Check out our Caspian Caviar Gold Cup preview

Caspian Caviar Gold Cup preview

David Ord has a horse-by-horse guide to Saturday's Caspian Caviar Gold Cup and tips at 25/1 and 16/1.