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Old 02-23-2018, 10:35 AM   #123
Dave Schwartz
 
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Join Date: Mar 2001
Location: Reno, NV
Posts: 16,872
Quote:
Originally Posted by chiguy View Post
It would help with the wild swings but it would be a detriment to the game. Guys that are betting 200-500 on a win bet are waiting to the last second to make that bet. I honestly think the issue is more with technology and these programs that high volume guys have hitting pools late.
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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