Quote:
Originally Posted by acorn54
i think the racing establishment is banking on the fact that 1/2 the horserace gamblers have a compulsive gambling problem. don't know if it's true but years ago i ran into a counselor who had clients that that had gambling "issues", and she told me at least 1/2 the horse gamblers in her practice were compulsive gamblers. not me of course (lol).
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Yes, this is true. This is why the industry does not address issues like odd's changing, and other issues such as timing and take out. Why should they, when in their view, the consumer will come back because he is "addicted". How would a sports bettor feel if after placing a $22.00 bet on the Eagles in the Superbowl, the next day his bookie gave him $30.00 instead of $40.00 and said all the late money went on the Eagles, so the odds changed. A blackjack player puts a $100.00 bet on one hand but after he draws 20 the casino tells him he can only win $50.00. But the nature of wagering in horse racing, is always going to have swings in the odds. I do not know how many times I have bet a horse at 6-1 that will come from off the pace, and holding my breath when the horse moves into contention, not because he might win, but because I know that when they put his number on the screen, he might be 2-1. The problem is not the change, but the fact that it takes so long for the change to be seen. If the odds board showed the final odds before the first quarter of the race was run, every time, there would be much less questioning of what is happening. But, after all, the tracks will not address the issue because their customers are "addicted".
