I saw this from another post discussion and I saw the below report:
http://www.paulickreport.com/news/ra...race-wagering/
What really disturbed me about the article was that it mentions something known as "Past posting" which is where tracks allow these bots to have the opportunity of getting their wagers in after the gates have opened.
If the report is correct my question is, how long after the gates open do the wagers keep coming in for that particular race? Is it right when the gates first open? Is it right before the finish line?
It stands to reason why this is probably what happens when I see the odds changing as the race is being run.
Overall the bettors now have to deal with the following:
- The bots help the track by creating bigger pools
- The computer teams get a rebate for generating high betting volume
- These teams don't have to make a profit because they're getting a rebate
- If or when these teams do make a profit they still get their rebate
At the end of the day it's a win win for the computer teams and a lose lose for the bettors!!
