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10-04-2017, 05:31 PM
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#1
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,757
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in progress race betting
i just saw TVG advertising that BETFAIR accepts wagers while the race is in progress.
when i am sitting at home or if i go to a race track i am watching simulcasting feeds that are up to 45 seconds delayed. how can Betfair have someone that is putting out an in progress line if they are not watching the race live?
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10-04-2017, 09:17 PM
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#2
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Registered User
Join Date: Jan 2006
Posts: 28,551
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Quote:
Originally Posted by lamboguy
i just saw TVG advertising that BETFAIR accepts wagers while the race is in progress.
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IMO...some of the racetracks are accepting wagers while the race is in progress too. They just don't advertise it.
__________________
"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
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10-04-2017, 09:39 PM
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#3
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Veteran
Join Date: Feb 2016
Posts: 4,553
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Quote:
Originally Posted by lamboguy
i just saw TVG advertising that BETFAIR accepts wagers while the race is in progress.
when i am sitting at home or if i go to a race track i am watching simulcasting feeds that are up to 45 seconds delayed. how can Betfair have someone that is putting out an in progress line if they are not watching the race live?
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It could be that people are at the track and placing wagers through phones...
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10-04-2017, 10:03 PM
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#4
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Registered User
Join Date: Jul 2013
Location: Seattle
Posts: 3,943
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Betfair would have to have somebody on site at any track they accepted those kinds of bets, I would think. If not on site, you would never be sure you were in real time.
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10-04-2017, 10:13 PM
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#5
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,757
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Quote:
Originally Posted by ultracapper
Betfair would have to have somebody on site at any track they accepted those kinds of bets, I would think. If not on site, you would never be sure you were in real time.
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i don't know if they are on site or not, but i guarantee you they are watching somewhere in real time and i am not!
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10-05-2017, 12:31 AM
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#6
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vaguely on topic...
Join Date: May 2016
Posts: 104
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betfair is an exchange. the customers wager against each other and the house takes its percentage.
and, yes, the in-play markets are notoriously unlevel playing fields where the average "punter" has no real chance against those that have access to the best feed, and, what have you.
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10-05-2017, 01:24 PM
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#7
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Registered User
Join Date: Mar 2010
Posts: 1,178
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I remember years ago my friends and I used to do this at the track. Someone used to yell out I bet the 4 beats the 7 and another friend used to yell out , you are on for sawbuck.
How it can done electronically I have no idea.
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10-05-2017, 01:56 PM
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#8
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Registered User
Join Date: Jan 2006
Location: Audubon, PA
Posts: 427
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Betting on a race in progress is just ridiculous, in my opinion. Handicapping involves skill and is influenced (short term) by luck, removing either of these just ruins the experience. I'm not doubting that in progress betting is occurring, but if this is happenening now, where does it go in the future? Will betting be allowed on the outcome of an objection or inquiry after the race is finished? How about betting on whether or not there will be a late scratch on the remainder of the racing card? Or whether there will be an altercation between two jockeys, or whether or not the exacta price is posted within 3 minutes after the horses cross the line.
Yeah, sounds good, I'll betcha....
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10-05-2017, 02:06 PM
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#9
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Registered User
Join Date: Aug 2012
Posts: 8,798
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I'm waiting for someone to accept bets after the race is over. I figure that's my only chance of winning.
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10-05-2017, 02:11 PM
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#10
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Registered User
Join Date: Aug 2007
Posts: 7,510
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Quote:
Originally Posted by thaskalos
IMO...some of the racetracks are accepting wagers while the race is in progress too. They just don't advertise it.
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10-05-2017, 04:53 PM
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#11
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Out-of-town Jasper
Join Date: Nov 2009
Posts: 2,364
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Quote:
Originally Posted by dilanesp
I'm waiting for someone to accept bets after the race is over. I figure that's my only chance of winning.
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I always lose betting on the replays. I can't help it, my friends offer me fantastic odds. I only need to hit one then I can retire.
__________________
“If you want to outwit the devil, it is extremely important that you don't give him advanced notice."
~Alan Watts
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10-06-2017, 04:43 AM
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#12
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Registered User
Join Date: Sep 2005
Location: Ringkoebing
Posts: 4,342
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Quote:
Originally Posted by lamboguy
i just saw TVG advertising that BETFAIR accepts wagers while the race is in progress.
when i am sitting at home or if i go to a race track i am watching simulcasting feeds that are up to 45 seconds delayed. how can Betfair have someone that is putting out an in progress line if they are not watching the race live?
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Here in the UK, Betfair stream the races with a minimal delay. Being at the track doesn't give you much of an advantage. Not sure how it is in NJ.
I do remember they suspended in-running betting on Canadian races a few years ago because the satellite signal was too slow, and the locals were cashing in at the expense of UK punters.
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10-08-2017, 12:31 PM
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#13
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Registered User
Join Date: Feb 2014
Posts: 4,520
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Quote:
Originally Posted by lamboguy
i just saw TVG advertising that BETFAIR accepts wagers while the race is in progress.
when i am sitting at home or if i go to a race track i am watching simulcasting feeds that are up to 45 seconds delayed. how can Betfair have someone that is putting out an in progress line if they are not watching the race live?
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I bet in-race for fun.
Made a few dollars profit but the money I win or lose is not a lot.
I usually lay faders. And when the horse starts to tire, my bets go in.
Gotta be fast however. 5-1 comes 1000-1 in tenths of seconds.
allan
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10-11-2017, 11:06 PM
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#14
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Registered User
Join Date: Mar 2004
Location: NYC
Posts: 459
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Lol!
How in 2017 are we still dealing with this?
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10-12-2017, 10:53 AM
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#15
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Registered User
Join Date: Oct 2007
Location: NJ
Posts: 5,851
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Quote:
Originally Posted by Elliott Sidewater
Betting on a race in progress is just ridiculous, in my opinion. Handicapping involves skill and is influenced (short term) by luck, removing either of these just ruins the experience. I'm not doubting that in progress betting is occurring, but if this is happenening now, where does it go in the future? Will betting be allowed on the outcome of an objection or inquiry after the race is finished? How about betting on whether or not there will be a late scratch on the remainder of the racing card? Or whether there will be an altercation between two jockeys, or whether or not the exacta price is posted within 3 minutes after the horses cross the line.
Yeah, sounds good, I'll betcha....
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Is it any worse than some of the games offered by casinos? Clark Griswold played a few of them....
__________________
Remember the NJ horseman got you here now do the right thing with the purses!
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