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Old 12-23-2017, 11:57 PM   #31
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Originally Posted by molson721 View Post
Racing continues to ignore YET ANOTHER OF MANY problems they have been ignoring for DECADES! Another race where I placed a substantial win bet on a horse that was 11-1 when loading, 7-1 after the break and turned for home at 4-1. I am done wagering ON ALL TRACKS FOR THE REST OF THE NIGHT! Problems like this and SO MANY OTHERS THAT ARE IGNORED BY RACE TRACKS ARE ANOTHER REASON WHY WE NEED 1 HEAD OF ALL RACING.
Now I know why I have wagered less and less over the last 3 years. Maybe I should go to a casino! From what I hear, they treat the customer better than horse racing does. Then again, when did racing ever give a s*** about the customer. I will never try to get anybody interested in this sport.

Hey you racing morons at the top??? Keep kissing the ass of the wealthy like you did at the Del Mar Breeders Cup and listening to morons like Bobby Flay who has led and supported the price increases for food, parking and entrance fees to the race tracks of New York. The blue collar bettor is your bread and butter yet YOU CONTINUE TO TREAT US LIKE GARBAGE. My new years resolution is to cut my betting in half yet again until I see positive changes but i won't hold my breath. I'm in my 30's and if racing doesn't listen to my demographic, racing will be gone by 2030 and to be honest, I won't give a s***!
Any reason you haven't identified the park and race that upset you? I'd like to know which one it was. Thx.
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Old 12-24-2017, 12:39 AM   #32
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You don't think people would adjust and realize 1 MTP was actually 1 MTP? They'd still bet 40% in the last minute, they'd just actually know when the 1 MTP is.
Actually, when I started playing the horses, NYRA's post times were to the minute accurate. (Marshall Cassidy used to say "it is NOW post time!" during the middle of the load usually.) And NYRA had plenty of handle.
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Old 12-24-2017, 01:36 AM   #33
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Some definitely did, not sure if it was all of them. However, foolish bettors complained so much they stopped. We reap what we sow.
I believe it was CD that made a valiant attempt to close betting at post time. Not only did customers complain about being shut out, but the handle was noticeably impacted. Hard to ask a business to take steps that will reduce revenues.
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Old 12-24-2017, 01:40 AM   #34
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Originally Posted by dilanesp View Post
Actually, when I started playing the horses, NYRA's post times were to the minute accurate. (Marshall Cassidy used to say "it is NOW post time!" during the middle of the load usually.) And NYRA had plenty of handle.
They still are, but the only difference now is they stay open if there is an issue with a horse or with the load. But NYRA keeps it to a minimum. People adapt to the rules in place.
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Old 12-24-2017, 01:41 AM   #35
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Originally Posted by TonyK@HSH View Post
I believe it was CD that made a valiant attempt to close betting at post time. Not only did customers complain about being shut out, but the handle was noticeably impacted. Hard to ask a business to take steps that will reduce revenues.
Would have been short term in my opinion. Could be people also weren't betting because, you know, the pools had just been exposed as hackable.
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Old 12-24-2017, 10:47 AM   #36
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Instead of shutting off the tote at the start of the race, shut off betting when the first horse is loaded and the gate is shut.
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Old 12-24-2017, 10:58 AM   #37
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Instead of shutting off the tote at the start of the race, shut off betting when the first horse is loaded and the gate is shut.
Odds would still be changing with that arrangement but it is a step in the right direction. It would not change the impact, but would prevent late changes after the gate opened as well as the perception of cheating in every race.
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Old 12-24-2017, 11:26 AM   #38
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How is the betting exchange in New Jersey able to pull off in-race betting, even during the stretch run...?

How can the computer networks process the bets in so short a time when most video feeds have delays built into them.?
Mostly bot betting.

The numbers change quickly.

Think long: think wrong.

I have a lot of fun in running betting.

I am mostly laying confirmed quitters.

I have a price in mind I post it at just after the start most of the time it is matched by a bot.

Love stealing money from the bots.

Bots is stupid. They donít know quitters.

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Old 12-24-2017, 11:31 AM   #39
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This is why small players need the x, betting at fixed odds is just great.

Never, ever, worry about odds dropping again for the rest of my life.

My advice is to move to jersey and put all this odds dropping crap to bed.

Itís a tremendous way of wagering.

Allan
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Old 12-24-2017, 11:45 AM   #40
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The "exchange" system is a separate system from the pari-mutuel system. The "exchange" system is based on layers and backers, the layer is the one who believes the event will not happen(bet against) while the backer believes the event will happen(bet for). I have played the exchange about 8 times now each and every time it becomes easier. You are betting as the race is in progress
The odds are about 20% better for the "exchange" many of the times than the pari-mutuels. "Exchange" has a takeout of only 12% as well.
Have you checked out the value review.

Here are some of the top ones. Way more than 20%

1st race at remington Park December 11.

Winner goes off at 43-1, great right. Lol

Exchange pays off at 189-1

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Old 12-24-2017, 12:02 PM   #41
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I am just not sure the younger more educated gambler, with many more options about to open up, is going to sit for a model where there is such fluctuation in the odds they are getting on the play.

I think a Betfair style exchange is much more friendly to a serious player.
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Old 12-24-2017, 01:23 PM   #42
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Put an end to computer-robotic wagering...and this odds-dropping problem is over, IMO. These "bigshots" are already getting rebated to the hilt...why should they also be allowed to place thousands of different wagers at a click of a button at the very end of the betting period?

They say that 20% of the wagering pool comes from computer-robotic wagering; should the 20% gain prominence over the other 80%?
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Old 12-25-2017, 09:52 AM   #43
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Most of the odds changes are just corrections on the win pool inefficiencies... if more bettors referenced the double prices to ascertain probable "off odds", there would be a whole lot less complaining.
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Old 12-25-2017, 10:34 AM   #44
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Originally Posted by thaskalos View Post
Put an end to computer-robotic wagering...and this odds-dropping problem is over, IMO. These "bigshots" are already getting rebated to the hilt...why should they also be allowed to place thousands of different wagers at a click of a button at the very end of the betting period?

They say that 20% of the wagering pool comes from computer-robotic wagering; should the 20% gain prominence over the other 80%?
One idea I have toyed with is shutting off remote betting 1 minute before post but allowing onsite betting, with perhaps a dollar limit, until the gates open.

That would reward people who attend the races live. But current business models at many tracks are so reliant on remote handle that it probably wouldn't work.
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Old 12-25-2017, 10:36 AM   #45
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Most of the odds changes are just corrections on the win pool inefficiencies... if more bettors referenced the double prices to ascertain probable "off odds", there would be a whole lot less complaining.
I am not certain this is true writ large, but I certainly have seen instances where the double and exacta probables looked closer to what the final odds would be.
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