08-05-2022, 05:22 AM
|
#1
|
|
Registered User
Join Date: Mar 2017
Posts: 5,803
|
A single AmTote employee, somewhere was the primary source to stop betting
This is remarkable. Good on Pat for pursuing this.
Cross Country Pick 5 Past Posting Exposes Tote Insecurities
Excerpt:
The NTRA’s 2005 plan stated “the industry must make improving the tote infrastructure its top priority.”
The improvements suggested were to include a new transaction-based betting protocol where all betting details are transmitted to the host track, as well as “development of a secure database of wagering information to allow for real-time monitoring of suspicious activity and historical review of wagering data by regulators and appropriate industry representatives.”
Also included, the plan sought to embrace “technological advances to eliminate or substantially reduce late odds changes.”
The issue remains.
Not only did a central, industry-wide organization overseeing this never materialize, but industry consolidation hastened and track operators also launched ADWs, purchased bet processing companies and even bought major portions of an offshore, high volume betting services firm.
A March 2022 column by Ray Paulick confirmed the source of the majority of offshore, robotic wagering on U.S. racing, which comes from Curacao-based Elite Turf Club, is owned in part by both 1/ST (formerly The Stronach Group) and NYRA Bets.
For perspective, data from the California Horse Racing Board, obtained by the Thoroughbred Idea Foundation, showed 17 accounts at Elite and two at Saint Kitts-based Racing & Gaming Services (RGS), were responsible for more than $373 million in bets across races at just Del Mar and Santa Anita in 2021.
The destructive impact of late odds changes, facilitated in large part from these super high-volume bettors, persists.
TIF has found dozens of instances of pari-mutuel pool manipulation in recent months, incidents which tie unusual and unexpected legal betting to illegal, offshore, unregulated markets. But in just the last two weeks, three incidents have further exposed a lack of evolution in wagering infrastructure and some of the integrity systems supporting it.
|
|
|
