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Old 12-23-2017, 04:51 PM   #21
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Rep Power: 14 castaway01 is a jewel in the roughcastaway01 is a jewel in the roughcastaway01 is a jewel in the rough
Originally Posted by VigorsTheGrey View Post
Thanks, yes...the exchange is a different system...I was just wondering how the timing of betting on horses running down the stretch works in real time...

Now if I was at the track, what, do I make the wager when I see my horse 3 lengths ahead and drawing away...? Sounds pretty good to me, but by then have all the layers jumped ship and are now on board with my horse also so we all get 2/5 odds..

But mainly I was interested in what hardware and connections people use to get in these last second bets...some of the tv feeds that I see have 1 minute or more delays in broadcast time so by the time you see the horses in the stretch the race is already over in reality, so how can they still allow betting to occur...
If you try to bet on a horse with a three-length lead entering the stretch on the NJ exchange, you MIGHT get the bet matched but it will be at 1-100 odds, not 2-5 (the lowest odds are 1.01-1, and that's what a horse with a three-length lead at that point in the race will be at). A few people will lay that because more than 1 out of 100 times a horse with a lead will stop late or something else bizarre will happen. It's really not the lucrative money-making idea it might seem for either side.

I have never seen a TV feed that is 1 minute behind. It might be a few seconds, but I guess that's a chance you take if you want to bet on the exchange. As OneFast said, it's not exactly revolutionary technology---Betfair has done in-race wagering in Europe for years.
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