Hallelujah! With one swipe of the pen, or something else, the people in New Jersey have come to the aid of the 'struggling' thoroughbred racing industry and saved it for all eternity. Exchange wagering is coming to Monmouth Park and the Meadowlands. Send out Paul Revere with the exciting news.

    How can Chris Christie's disciples be so lucky?

     I was naive enough a couple of years ago to believe that the exchange wagering issue was dead and buried. It has just been resurrected.

    I can't help quoting - from the exchange wagering story - Michael Colangelo, assistant director of projects for the University of Southern California's Sports Business Institute. (That's a job)? "The biggest issue facing the industry is replacing the older generation of fans with a younger generation of fans, but that can be difficult, especially as the younger generation wants more of an 'experience' than just horse racing," this expert on racing said. I wonder if he made that up himself or if he had help from other experts at USC?

    So, to help New Jersey dig out of its racing mess, the state will allow bettors to begin exchange wagering. "The new type of betting allows people to make multiple bets before and during a particular race."

    What they don't realize in NJ is that they are competing with Aqueduct and Belmont for on-track fans, and every track in the country with off-track fans. What they also probably don't have a clue about is that they instituted a form of exchange wagering at Calder Race Course a few years ago and it fell to earth with a resounding thud. What they also don't realize is that nobody cares about exchange wagering, except in England. They may also not realize that we are not in England 

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