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Exotic Bets Boost Handle in Japan23 July 2002JAPAN -- As reported by the Thoroughbred Times: "The first-ever offering of trifecta and exacta wagers helped boost handle in Japan during a recent weekend of racing by nearly 8%. "Total handle at Hakodate, Niigata, and Kokura racecourses on July 14 was approximately $265,875,033 (30.9-billion yen), an increase of 7.5% compared to the same period a year ago, according to statistics from the Japan Racing Association. The weekend total was $453,450,299, up 5.8% from last year. "The Japan Racing Association instituted the new wagers to help boost betting turnover. Quinella bets, which already were offered at the country's tracks, still brought in 36.2% of the handle. "Trifecta, or `trio' wagering, accounted for 27.8% of the handle and exacta bets generated 17.3%..." |