Quote:
Originally Posted by cj
They are not cut off. I think this clearly shows that the edge they have is not just rebates and informational. It is the fact they can bet LAST, which since they know the bet sizes means they are basically betting fixed odds. I'd even argue this is their biggest edge, and the fact they choose not to play tells me I'm likely correct.
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The assumption must be made that, since there is more than one computer group operating out there, it would be pretty easy for these groups to end up betting on the same horses at the same time...and consequently drive the payoffs way lower than what they project they should be. And, since they can't cancel any of their wagers, they would be stuck with bets that are distinct underlays. How do they cope with such a situation...which seems to me to be a common occurrence?
