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The Money Trail
How does money change hands between small Racetracks/OTBs and the host track? I was thinking about places like Mound OTB in La and the Ebro racebook in Fl. where there is very little handle. Say you wonder in on your luckiest day and bet a couple of bucks on a Pick 6 or Super High 5 that hits for several hundred thousand dollars. ( I remember this sort of thing happened on BC day in S. Dakota serveral yrs. ago.)
Can you just walk back up to the window and cash your ticket or is there a delay. I can't imagine smallish types of places being able to issue a check of that size or having that amount of cash on hand.
At the other end of the spectrum - you walk into a small place and wager $2 on a horse to show at some obscure track say Portland Meadows that pays $3. It is the only money bet on that track all day from the location you are at. How is that actual money transferred between locations.
I figure everything is somehow computerized but I got to thinking about the Pick Six scandal of 2001 and a recent event where there was human error involved in a NY Pick 5 and wondered how the books are actually balanced in the world of commingling.
Thanks In Advance
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