MakinItHappen
12-20-2007, 10:56 AM
The topic of "suspiciously smart" late money flowing into the pools after most of us have been "cut-off" has got some discussion on the board and some have suggested that wagering should be cut-off earlier and final odds posted prior to horses leaving the gate. So I decided to just take a look at yesterday's Race Of The Day at Hawthorne - Race 7. I took screenprints of the Win Pool odds and Wager totals throughout the wagering process (from Xpressbet) and just thought I would pass along my observations / findings for those on the board who find such things interesting.
The pools opened with 19 min. to post with $4,031 in the Win Pool. At 5 minutes to post very little additional monies had flowed into the pools, bringing the pool total to $8,174. As the horses are loading into the gate the Win Pool reached $25,104. Keep in mind that this is on my XpressBet video which I believe is delayed 30 sec-ish? So realistically, the horses are getting close to leaving the starting gate. As the horses break from the gate (on the delayed video) the Win Pool is at $46,722. The final odds update comes as the horses are at the top of the stretch (on the delayed video) with the win pool closing at $80,968. From the $47k mark to the $81k mark 4 horses showed a decrease in odds while the other 7 increased.
The winner dropped from 17-1 to 14-1.
The 2nd place horse who was caught in deep stretch dropped from 7-5 to 6-5.
The 10 horse who finished 7th but was a close-up 3rd through 6 furlongs dropped from 40-1 to 36-1.
The 11 horse who finished dead last after running 6th through the first 1/2 mile dropped from 19-1 to 16-1.
Suspicious? Perhaps a little bit, or maybe not, but regardless, a ridiculously large volume of $'s is flowing into the pools VERY LATE in the process and I think something needs to be done to address this so that at a minimum we can protect the perceived integrity of the wagering process.
How long after the horses have left the gate do tracks or tote systems accept wager transmissions from ADW's, other tracks or simulcast facilities? My guess is very late. With today's software capabilities, what controls are in place to prevent someone at one of these facilities from "dutching" the frontrunners 2/3 rds of the way through the race.
Anyway, just wanted to pass along this observation which I realize is just one of a hundred that occur each racing day and would appreciate comments from those who may be knowledgeable of the wager processing process as to whether their are controls in place to prevent this system from being compromised.
Best of Luck To Us All!
MakinItHappen
The pools opened with 19 min. to post with $4,031 in the Win Pool. At 5 minutes to post very little additional monies had flowed into the pools, bringing the pool total to $8,174. As the horses are loading into the gate the Win Pool reached $25,104. Keep in mind that this is on my XpressBet video which I believe is delayed 30 sec-ish? So realistically, the horses are getting close to leaving the starting gate. As the horses break from the gate (on the delayed video) the Win Pool is at $46,722. The final odds update comes as the horses are at the top of the stretch (on the delayed video) with the win pool closing at $80,968. From the $47k mark to the $81k mark 4 horses showed a decrease in odds while the other 7 increased.
The winner dropped from 17-1 to 14-1.
The 2nd place horse who was caught in deep stretch dropped from 7-5 to 6-5.
The 10 horse who finished 7th but was a close-up 3rd through 6 furlongs dropped from 40-1 to 36-1.
The 11 horse who finished dead last after running 6th through the first 1/2 mile dropped from 19-1 to 16-1.
Suspicious? Perhaps a little bit, or maybe not, but regardless, a ridiculously large volume of $'s is flowing into the pools VERY LATE in the process and I think something needs to be done to address this so that at a minimum we can protect the perceived integrity of the wagering process.
How long after the horses have left the gate do tracks or tote systems accept wager transmissions from ADW's, other tracks or simulcast facilities? My guess is very late. With today's software capabilities, what controls are in place to prevent someone at one of these facilities from "dutching" the frontrunners 2/3 rds of the way through the race.
Anyway, just wanted to pass along this observation which I realize is just one of a hundred that occur each racing day and would appreciate comments from those who may be knowledgeable of the wager processing process as to whether their are controls in place to prevent this system from being compromised.
Best of Luck To Us All!
MakinItHappen