Quote:
Originally Posted by Dave Schwartz
There are all kinds of ways the process could be improved without a major overhaul.
If there was an absolute fixed time of day that betting in the race would close, and then there was a minimum 2-minute lag before the gate opened, we'd have stable odds throughout the race.
Watch how fast those tracks whose post times are always way too early come in line when that "extra time" is wasted because nobody is able to bet.
People would still be putting in money at the last possible second, but at least you would know when that was.
It would also remove the perception that people are betting or canceling bets late.
Also, when special circumstances arise (such as a horse acting up), a provision could exist to allow canceling of bets on that horse only. Other than that, no canceling in the last 5 minutes.
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How does this help anything? As you said, it'd make bettors feel more confident that there isn't past posting as there'd be no odds changes during the race. But casual bettors would still see large odds changes after placing their bets, no? So they're left in the same exact spot
