Fixed-odds horserace betting is coming to New Jersey courtesy of Australia’s BetMakers and the Monmouth Park racetrack.

On Wednesday, the Australian-listed Betmakers Technology Group’s subsidiary BetMakers DNA Pty LTd (BDNA) inked an exclusive deal with the New Jersey Thoroughbred Horsemen’s Association and Darby Development LLC, which operates the Monmouth Park track, to distribute and manage fixed-odds race wagering in the state.

Fixed-odds wagering in New Jersey got the green light when the state approved its single-game sports betting legislation in 2018. But the state’s racetracks had yet to make this option available alongside its traditional pari-mutuel wagering operations.

In BDNA’s home market, fixed-odds wagering has proven increasingly popular with racing bettors, who don’t always appreciate the uncertainty that comes with betting on a horse at one price, only to see that price swing wildly up or down on bets made by other punters.