Michigan authorises fixed-odds horse racing bets on online sportsbooks

The Michigan Gaming Control Board (MGCB) has authorised the state’s licensed online sports betting operators to offer fixed-odds wagers on horse racing, allowing customers to lock in the displayed odds when placing a bet. The change took effect on Friday, 30 October . Operators may offer fixed-odds betting alongside, or instead of, traditional pari-mutuel wagering, where payouts depend on the betting pool and odds can change until the race begins. “This change reflects where the horse racing industry itself is heading,” MGCB Executive Director Henry Williams said.