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so.cal.fan said, "Before the Hollywood Park meet started, rrbauer, I would have TOTALLY AGREED WITH YOU. "
Comment:
I assume that your post refers to the huge win bet on opening day at HOL.
What happened and how it happened (all before the "stop betting" signal) has been documented and is a matter of public record. If your issue is with those facts you should pursue it with the CHRB.
You may recall that Barry Meadow posted an opinion on this board initially that he thought there was "after the bell" chicanery involved and that it would "come out eventually".
Then he backed off, revised his stance, and indicated that the bet was legit vis-a-vis the timing window....because, he had learned what the facts were.
Since then I have spoken to Barry about the situation (he may have written an article in his monthly pub???) and he told me that it was a "screw up", plain and simple. The mole (guy running the bet) screwed up and placed $5k bets when he thought he was placing $1k bets.
What isn't known (to my satisfaction) is whether, or not, given the huge amount of the "overbet", if the mole had enough cash/account credit to cover the bet that was made....or, did they (mutuel clerk and mole) just sweat the result, and when the horse won, any shortage was forgiven? Or, did the bet get settled, before payoff, the regular way?
In other words, if there is a large bet at post time that turns out to be a mistake (either with regard to who, or how much) what is the remedy? Is there any provision to "void" the bet after the race goes? And, if not, what are the financial liability issues with regard to the mutuel clerk and the player placing the bet?
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Richard Bauer
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