Quote:
Originally Posted by Mick
I like this take on your question.
I had never considered this scenario but say I bet $100K to show on a horse at a small track that didn't take much money. It would encourage people to bet that horse to win or place. Two minutes to post, I remove the $100K bet and bet $2K to show. The horse pays $3.00 and I make a $1K on a horse I may have made $100.
I would hope to God that there are people watching to make sure this doesn't happen. But it could as I understand the system today.
-Mick
|
Actually, odds manipulation could take another form. In my scenario, say people do as I suggest and start betting WP on a horse I don't like. That drives up the odds on other horses and I remove my unwanted large wager 2 minutes to post and bet the horse I like at better odds. It sounds ridiculous to me that someone would do this as there is a risk you take but I think it could happen.
The parimutual system with this on line bets should have algorithms to look for foul play. I doubt that they do but it would be interesting to know.
