Quote:
Originally Posted by MONEY
What I want about being wired to the tote board is,
Do people that are wire to the tote board know in advance how the later races are being bet?
If they do, then that would be a tremendous advantage over the bettors like me, that have no way of accessing the same information.
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If they have a direct tote feed then they are seeing the most current info available.
Tote info is transmitted to simulcast facilities over a land line.
The track's simulcast signal on video is a delayed tote update.
That's because the track receives even it's own tote info from
the totalizing company. Then they put their graphics program over it
and display odds and probables in cycles. The tracks infield toteboard
occasionally will not match it's raw tote feed.
We're talking about 15 to 25 second cycles depending on the track's
program.
When simulcast outlets lose their video feed from the satellite, they put
out a blue screen with just numbers. Those are the latest tote feeds.
But the reason I posed the question is that I want to know more about
the kick backs these big bettors get and who they get it from.
Barry Meadow mentioned it in his new book.
You can get kick backs from the online race books like 8% on straight
bets and more on exotics. Everyone knows this already.
But those bets don't affect the overall tote odds because those
race books are just covering track side odds and aren't co-mingled
with the pools at large.
What I have learned new from this thread is that ADW accounts can get
late bets down. Who is that Churchill Downs for example? Do they pay kick
backs to their big customers?
If big bettors can get a kick back based on large amounts of money bet
then they don't have to be winning horse players to profit. If they have
48% equity, the kick back could put them into a plus EV situation.
But this isn't to whine about it. It's a realty to deal with. Even the best
of the best can't eliminate the variance in racing. It's just that with
a clearer picture different strategies might be deployed to good effect.
