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08-16-2022, 10:14 AM
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#31
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Registered User
Join Date: Jun 2019
Location: Clarksville, AR
Posts: 1,222
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Quote:
Originally Posted by metro
That's hard to believe. I thought the whole point of CRW groups was to find inefficiencies in wagering pools. When they are 70% of any pool how is that efficient? Wouldn't their systems stop betting at some point?
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I'm thinking the "inefficiency" here is tied to the huge carryover. They can bet ALL the combinations of the horizontal proportionally in some fashion, and the combination of the takeout reduction/negation from the carryover along with the rebate makes their return on the winning wagers profitable overall despite the massive outlay.
__________________
Tom in NW Arkansas
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”Past performances are no guarantee of future results.” - Why isn't this disclaimer printed in the Daily Racing Form?
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08-16-2022, 11:00 AM
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#32
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Registered User
Join Date: Apr 2008
Location: Austin, Tx
Posts: 2,752
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There is a lot problematic about these dramatic odds changes. Most notably is they are ALWAYS (or almost always) on the winner. And always dramatically down.
One question I have that I can't get my head around. If the 4 was so obvious (i.e. 3-2 in the daily double pools) why is it 4-1 at post time? So the general public is idiotic and only the computer players know? Something isn't right. It feels like pool manipulation (buoying other horses to make it appear they are live) and a combination of late money and cancelled wagers. The 3-2 odds on the favorite should be relative proportionate up to and through the big computer wagers. It NEVER is. Why?
There are a lot of things wrong with this game but this is easily #1 on the list. Finally, if fixed odds were a thing and the tracks were on the hook, I am positive betting anomalies would be stopped immediately. The oversight would be forensic-like.
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08-16-2022, 11:30 AM
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#33
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Registered User
Join Date: Mar 2005
Location: Queens, NY
Posts: 20,614
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Quote:
One question I have that I can't get my head around. If the 4 was so obvious (i.e. 3-2 in the daily double pools) why is it 4-1 at post time? So the general public is idiotic and only the computer players know?
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You are making a good point.
The general public is not going to be as sharp as the hardest working most experienced players and computer guys, but they aren't bumbling idiots and they also have access to the selections of sharp public public handicappers. You'd expect some corrections of the inefficiencies late, but there shouldn't be many huge ones.
__________________
"Unlearning is the highest form of learning"
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08-16-2022, 11:53 AM
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#34
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Registered User
Join Date: Dec 2018
Posts: 246
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Quote:
Originally Posted by classhandicapper
You are making a good point.
The general public is not going to be as sharp as the hardest working most experienced players and computer guys, but they aren't bumbling idiots and they also have access to the selections of sharp public public handicappers. You'd expect some corrections of the inefficiencies late, but there shouldn't be many huge ones.
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At Mth the average joe does have access to a very sharp line now, the fixed odds market, it was saying 7/5 on the horse.
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08-16-2022, 11:59 AM
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#35
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Registered User
Join Date: Apr 2019
Posts: 518
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I've always thought that the solution was to offer different pools for on track vs simulcast/adw/crw
Either way, you'll save yourself a lot of headaches by not watching the races to avoid seeing these odds drops/rises which are inherent to a mutuel pool
For everybody not on track, it's that adage about complaining about traffic.....traffic is bad and by sitting in it, you're playing a role in causing it
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08-16-2022, 12:21 PM
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#36
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Registered User
Join Date: Dec 2009
Posts: 997
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Quote:
Originally Posted by castaway01
If they got rid of CAW, handle would drop 50%. It's literally how racing survives in many places (that and slot machines). You have to wake up to reality at some point.
I finally shut down my NJ betting account this week. The game is virtually unplayable now, and that's not going to change when the thing making the game unplayable is also what is keeping it alive.
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If California legalizes sports betting in a correct manner (online + retail locations) you can pretty much expect handle to take a dive at Santa Anita and Los Al when they get it up and running
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08-16-2022, 04:35 PM
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#37
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Registered User
Join Date: Feb 2014
Posts: 4,520
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Quote:
Originally Posted by Onesome
At Mth the average joe does have access to a very sharp line now, the fixed odds market, it was saying 7/5 on the horse.
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exactly. equinedge had the horse at 6-5. 4s was a gross overlay.
i am sure the CRW software said bet big and they did.
fixed odds had the right price at 7-5.
the big winners were CRW, the losers were the players who bet on the other horses in the race.
Allan
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08-16-2022, 05:37 PM
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#38
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Registered User
Join Date: Aug 2016
Posts: 487
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Quote:
Originally Posted by Track Phantom
There is a lot problematic about these dramatic odds changes. Most notably is they are ALWAYS (or almost always) on the winner. And always dramatically down.
One question I have that I can't get my head around. If the 4 was so obvious (i.e. 3-2 in the daily double pools) why is it 4-1 at post time? So the general public is idiotic and only the computer players know? Something isn't right. It feels like pool manipulation (buoying other horses to make it appear they are live) and a combination of late money and cancelled wagers. The 3-2 odds on the favorite should be relative proportionate up to and through the big computer wagers. It NEVER is. Why?
There are a lot of things wrong with this game but this is easily #1 on the list. Finally, if fixed odds were a thing and the tracks were on the hook, I am positive betting anomalies would be stopped immediately. The oversight would be forensic-like.
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That’s completely clueless about the “number one” problem.
There is approximately zero past-posting ongoing, and you can tell that clearly by how quickly they catch and fully report each new loophole such as that which didn’t get wagering stopped on the recent nationwide gimmick wager until shortly after leg one of a five-race sequence.
Even if everybody but you had the advantage on that day - just how great was that edge?
You ‘approximately’ never read anymore about random clerks at tiny tracks ‘past-posting’ in the way you used to get every last detail as to what combinations and what denominations and at which precise second he/she punched the tickets.
The solution is concise and simple for the visible elements of it all, and that equates to putting the public on the live horses to begin with.
If you are of the belief that “dramatic odds changes” are “almost always on the winner” AND “always dramatically down” then there is probably a lot more which you “can’t get your head around”…
beginning with parimutuel wagering.
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08-17-2022, 12:15 AM
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#39
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Registered User
Join Date: Apr 2008
Location: Austin, Tx
Posts: 2,752
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Quote:
Originally Posted by AskinHaskin
That’s completely clueless about the “number one” problem.
There is approximately zero past-posting ongoing, and you can tell that clearly by how quickly they catch and fully report each new loophole such as that which didn’t get wagering stopped on the recent nationwide gimmick wager until shortly after leg one of a five-race sequence.
Even if everybody but you had the advantage on that day - just how great was that edge?
You ‘approximately’ never read anymore about random clerks at tiny tracks ‘past-posting’ in the way you used to get every last detail as to what combinations and what denominations and at which precise second he/she punched the tickets.
The solution is concise and simple for the visible elements of it all, and that equates to putting the public on the live horses to begin with.
If you are of the belief that “dramatic odds changes” are “almost always on the winner” AND “always dramatically down” then there is probably a lot more which you “can’t get your head around”…
beginning with parimutuel wagering.
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Wow is this some gibberish. Thanks.
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08-17-2022, 02:09 AM
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#40
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Registered User
Join Date: Sep 2010
Posts: 710
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If you watched the race anywhere else but TVG network the 1st flash of odds you saw was 6/5 and that was roughly 3/16th into the race. TVG used their own odds graphic and the odds went down from 4/1 to 6/5 roughly 3-1/2 furlongs into the race.
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08-17-2022, 02:49 AM
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#41
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Registered User
Join Date: Apr 2008
Location: Austin, Tx
Posts: 2,752
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Quote:
Originally Posted by SharpCat
If you watched the race anywhere else but TVG network the 1st flash of odds you saw was 6/5 and that was roughly 3/16th into the race. TVG used their own odds graphic and the odds went down from 4/1 to 6/5 roughly 3-1/2 furlongs into the race.
https://www.youtube.com/watch?v=F5oaHk-Y-r0
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Why was that 4 at 4-1 at post time to begin with? That is the underlying question. Virtually all of these "betdown winners" were lower in the will-pays but much higher at post before the late odds change.
I'll bet if you could see the wagering information, you'd see significant cancellations at post on other horses. It's toteboard manipulation. Plain and simple.
What it doesn't explain is how the overall money is getting it right so often. Much more than at any time in the past.
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08-17-2022, 12:47 PM
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#42
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Registered User
Join Date: Oct 2017
Posts: 444
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Quote:
Originally Posted by Track Phantom
I'll bet if you could see the wagering information, you'd see significant cancellations at post on other horses.
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Transparency ain't walking through that door.
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08-17-2022, 01:56 PM
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#43
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Registered User
Join Date: Aug 2017
Location: Near Lexington, KY
Posts: 3,246
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Quote:
Originally Posted by Track Phantom
Why was that 4 at 4-1 at post time to begin with? That is the underlying question. Virtually all of these "betdown winners" were lower in the will-pays but much higher at post before the late odds change.
I'll bet if you could see the wagering information, you'd see significant cancellations at post on other horses. It's toteboard manipulation. Plain and simple.
What it doesn't explain is how the overall money is getting it right so often. Much more than at any time in the past.
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Exactly, Track Phantom.
This is a Track that WELCOMED both Jorge Navarro and Jason Servis. If people either didn't know, or forgot, Monmouth's great past history, and only knew about it's RECENT history in the last few years...it would be easy to conclude that this is one Shady place.
__________________
Just when you least expect it...just what you least expect-The Pet Shop Boys.
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08-17-2022, 02:26 PM
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#44
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Registered User
Join Date: Mar 2020
Posts: 4,442
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Also the same state New Jersey as Freehold Raceway. Home of convicted juicer and ( my observance) tremendous board manipulator Nick Surick. Huge amounts of money was bet on his horses early. But if you watched the board carefully, the "dead" ones had lots of $$$$$ in the win pool cancelled very late.
I knew, why didn't the judges?
Last edited by Boomer; 08-17-2022 at 02:28 PM.
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08-17-2022, 04:11 PM
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#45
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Registered User
Join Date: Dec 2018
Posts: 246
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Quote:
Originally Posted by Track Phantom
Why was that 4 at 4-1 at post time to begin with? That is the underlying question. Virtually all of these "betdown winners" were lower in the will-pays but much higher at post before the late odds change.
I'll bet if you could see the wagering information, you'd see significant cancellations at post on other horses. It's toteboard manipulation. Plain and simple.
What it doesn't explain is how the overall money is getting it right so often. Much more than at any time in the past.
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I think this post is close to the equine version of a QAnon supporter. It's like you're willfully ignorant to the fact betmakers, who are probably just as good as the best CAW teams, were laying at 7/5. Ask them why their models are better then the average punter.
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