Finger Lakes pools

[iamt]

Originally Posted by Redboard

I still don't understand why doing All five times in a high 5 is cheating. And why the track is withholding payouts.

7x6x5x4x3x2 = 2520
So a 10 cent bet is $252

There are two possibilities:

1) The money didn't exist.

However this occurred an account(s) were able to place bets that far exceeded their balance, with the actual ticket cost not being deducted properly, but winnings credited correctly.

In this case the aim is to collect as much as possible, so stake as high as you can and collect most of it. The single race exotics work well for this and if you overwhelm the pool the return is basically the investment - takeout.


2) Someone hacked an account that had the funds:

This makes less sense on the betting. Aim should be to bet unlikely combinations heavily and collect a profit on the overlays through a different account, not spread on ALL and depress payouts on the more likely results.

[iamt]

Elves and Fairies looking more real all the time.

https://www.horseracingnation.com/ne...eap_wagers_123

[davew]

Originally Posted by affirmedny

$1 minimum @ Churchill on that bet

Also if you box the entire field it does not affect the odds at all as you're covering each combo equally, no?

no, it increases the pay-offs on the higher probability combinations and hurts on the next to impossible pay-offs.


I hope the pools get more money from crypro genius millionaires.

[Mr_Ed]

Can you imagine your surprise when you've played a $24 superfecta only to notice .10 taken from your account.

Then within a few minutes you go for it all, literally. All-All-All-All-(All in Churchill's case).

[classhandicapper]

Originally Posted by dilanesp

This is such an incompetently run sport.

The whole world is going to hell in a handbasket. It's not just horse racing. We are just a little worse than average.

[Jeff P]

Originally Posted by iamt

Elves and Fairies looking more real all the time.

https://www.horseracingnation.com/ne...eap_wagers_123

Imagine that.

I guess there's no way of knowing how much more the exotics in affected pools would have paid minus the glitch.

There's also no telling how much this might have cost legitimate players yesterday who bet within the limits of their account balances. (Fyi, I cashed exotics in at least two of the affected races.)

Also, unless FanDuel/TVG somehow recovers money from the player or players who gamed the system:

Come settlement time FanDuel/TVG now owes several host tracks some serious money which will have to come from their own pockets.


-jp

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[iamt]

The combos that were chalkier have paid more than they should, those with longer runners less.


Assuming that FanDuel keeps/recovers the returns on the wagers the major cost will be the signal fee on their wagers (as long as the tracks pursue it).


I expect there is a net loss on the wagers themselves to be added on top of it.

[Robert Fischer]

Calm down.
Typical wagering. CAW dollars in the pool. There is an abundance of common everyday things. It's inconsequential at best.

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[iamt]

Originally Posted by iamt

The combos that were chalkier have paid more than they should, those with longer runners less.


Assuming that FanDuel keeps/recovers the returns on the wagers the major cost will be the signal fee on their wagers (as long as the tracks pursue it).


I expect there is a net loss on the wagers themselves to be added on top of it.

Or maybe the losses were a chunk more than I expected, from DRF:


For example, the bettor made $554,400 in wagers into the super high five pool at Churchill Downs in the fourth race on Wednesday, using the “all” button in all five spots, at $220 for each of 2,520 combinations, insuring 220 winning tickets. On paper, that generated $85,434 in winning tickets, but a net loss of $468,966.

[Jeff P]

Link to the DRF article:

DRF | by Matt HegartyNov 16, 2023
FanDuel probe focuses on costs of suspicious wagers:
https://www.drf.com/news/fraudulent-...-computer-hack

For example, the bettor made $554,400 in wagers into the super high five pool at Churchill Downs in the fourth race on Wednesday, using the “all” button in all five spots, at $220 for each of 2,520 combinations, insuring 220 winning tickets. On paper, that generated $85,434 in winning tickets, but a net loss of $468,966.

Wagering sites are typically held accountable for the information that is relayed by their systems into commingled pools, so FanDuel is likely on the hook for the bets. All of the tracks targeted by the bettor paid out the bets based on the information in the commingled pools.

It remains unclear how many pools the bettor targeted. Based on historical betting patterns, it appears likely that exacta and trifecta pools were also targeted by the bettor before the accounts were shut down mid-afternoon on Wednesday. However, one official said that the glitch or hack had been traced to new code introduced into the system on Tuesday night, limiting the impact to Wednesday’s races.

So the root cause turned out to be new code (obviously never fully tested) uploaded to live server(s) Tuesday night.

Wow.

Just wow.


-jp
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[classhandicapper]

So the root cause turned out to be new code (obviously never fully tested) uploaded to live server(s) Tuesday night.

Wow.

Just wow.

I'm glad I'm not that programmer or QA guy. I've done both jobs and they aren't easy or pressure free. Both can age you prematurely.

[Andy Asaro]

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[iamt]

That is an awful lot of words to say not much at all.

[Jeff P]

In the interest of transparency, the industry should:

1. Publish a list of races affected by the glitch (date, track, and race number.)

2. Publish a report showing amount of glitch money wagered into the individual pools (win, place, show, exa, tri, super, high5, dd, pick-x etc.) for each of the affected races.

3. Publish a report showing what the parimutuel payoffs would have been for each of the affected races absent the glitch.

Additionally, FanDuel/TVG should step up and do the right thing:

Make affected players whole for any shortfall in parimutuel payoffs.

If a parimutuel payoff absent the glitch would have been more than what was actually paid out:

Pay that player the difference.

This would be easy to do for ADW players. (The player's ADW could easily provide FanDuel/TVG with proof of individual tickets for the affected races.)

This would take a bit more work for players who cashed paper tickets for affected races on track or at a simulcast facility.

It could still be done for most affected players using surveillance video, etc.



-jp
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