Quote:
Originally Posted by dilanesp
The fact that late money is smart money is a big reason to do something about large wagers near post time. They are obviously creating an information asymmetry by betting at the last second.
The fundamental problem has got to be that the tracks don't want to lose this handle. If that were not the case there are things that could be done.
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Typical horse player mentality would be to think that the later I bet, the more it improves my chances.
It only improves your chances if you have a way to improve your selections late.