Players' Podcast - Is It Time for Fixed Odds in Horse Racing? | w/ Marshall Gramm

In The Money Media's Peter Thomas Fornatale (PTF) sits with mathematics professor and horseplayer Marshall Gramm to discuss whether a possible big change is needed for betting on horse racing in 2026. Following a controversial moment on Kentucky Derby 2026 day where 30-1 morning line shot T O Elvis dropped in price after the gates sprung to win the Churchill Downs Stakes at odds of 5-1, PTF has a conversation with Marshall Gramm about if fixed odds could be a solution to the price fluctuations seen when betting on horse racing as a result of late money not settling the odds until after the race starts. Bettors for a long time have expressed a disdain for price shifts in races, which has become another layer of difficulty in forecasting bets and trying to find value inside of races. Fixed odds as an offering seemingly would solve the price-shift frustrations, but how would it work? Could it work inside of American horse racing?