New TIF Series "Wagering Insecurity" Launching April 13

[Andy Asaro]

Twitter

[NorCalGreg]

This sounds really interesting. A dvr search came up with nothing--probably too early to set a recording.

I got a kick out of this comment on any wagering transparency:
.
“Automated bingo card devices in church basements have more independent monitoring than the tote systems,” said Kevin Mullally, Vice President of Government Relations and General Counsel for Gaming Laboratories International.

[NorCalGreg]

Awww....I thought it was a special series for television. It's evidently an "expose" type series of reports. You can sign up to be notified of new info.

[Poindexter]

Can't ignore this:

SUSPICIOUS BETTING
While the TRPB has taken on an almost invisible profile to most bettors, there is an unexpected group which has started paying more attention to North American racing,

Unbeknownst to most American horseplayers, a large bookmaking market has emerged in Europe offering fixed odds bets on North American racing. Total handle is believed to exceed $1 billion annually. Contracts enabling these relationships are often facilitated by XB-Net, a subsidiary of 1/ST, formerly the Stronach Group.

Bookmakers have their own monitoring group which examines wagering on all sports, investigates suspicious wagers and raises alerts to regulatory authorities with whom they have information-sharing arrangements. For the first time ever, they identified suspicious wagering on U.S. races in the fourth quarter of 2020.

According to Matt Fowler, Director of Integrity at the International Betting Integrity Association (IBIA), the recent alerts on U.S. races go “well beyond just an unusual betting pattern or unexpected price movements.”

European fixed odds betting operators are identifying activity involving U.S. racing that should be concerning to all U.S. racing stakeholders. Where is the American oversight on American races?

At present, there is no reporting relationship between European bookmakers and any American counterparts, the TRPB, North American track operators or regulators. For now, the findings will inform bookmaking decisions but not the patrolling of American races, where parimutuel handle vastly exceeds bookmakers.

A world-wide market requires world-wide supervision. The TRPB is the closest thing North American racing has to self-regulation, which is fine…until it isn’t.

What we have now is insufficient.

Racing on the continent in the 2020s is run with an integrity infrastructure better suited to the 1970s and a business model from the early 1990s. The oversight measures for the races themselves and their wagering systems have degraded over time. Racing’s integrity infrastructure is falling farther behind that of the rest of the developed racing world, where more robust monitoring of all markets is far greater, transparent oversight is commonplace and customers are far better protected. Examples of these modern steps are plentiful throughout the series.

[thaskalos]

Fear not. Some ADW owner/manager will soon appear here and put all our wagering security concerns to rest.