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Old 08-05-2022, 05:22 AM   #1
Andy Asaro
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A single AmTote employee, somewhere was the primary source to stop betting

This is remarkable. Good on Pat for pursuing this.




Cross Country Pick 5 Past Posting Exposes Tote Insecurities


Excerpt:


The NTRA’s 2005 plan stated “the industry must make improving the tote infrastructure its top priority.”

The improvements suggested were to include a new transaction-based betting protocol where all betting details are transmitted to the host track, as well as “development of a secure database of wagering information to allow for real-time monitoring of suspicious activity and historical review of wagering data by regulators and appropriate industry representatives.”

Also included, the plan sought to embrace “technological advances to eliminate or substantially reduce late odds changes.”

The issue remains.

Not only did a central, industry-wide organization overseeing this never materialize, but industry consolidation hastened and track operators also launched ADWs, purchased bet processing companies and even bought major portions of an offshore, high volume betting services firm.

A March 2022 column by Ray Paulick confirmed the source of the majority of offshore, robotic wagering on U.S. racing, which comes from Curacao-based Elite Turf Club, is owned in part by both 1/ST (formerly The Stronach Group) and NYRA Bets.

For perspective, data from the California Horse Racing Board, obtained by the Thoroughbred Idea Foundation, showed 17 accounts at Elite and two at Saint Kitts-based Racing & Gaming Services (RGS), were responsible for more than $373 million in bets across races at just Del Mar and Santa Anita in 2021.

The destructive impact of late odds changes, facilitated in large part from these super high-volume bettors, persists.


TIF has found dozens of instances of pari-mutuel pool manipulation in recent months, incidents which tie unusual and unexpected legal betting to illegal, offshore, unregulated markets. But in just the last two weeks, three incidents have further exposed a lack of evolution in wagering infrastructure and some of the integrity systems supporting it.
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Old 08-05-2022, 09:07 AM   #2
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Originally Posted by Andy Asaro View Post
This is remarkable.
That single AmTote employee was the main part of the original story when it was originally written (in the DRF I believe).

That was the entire cause of the problem and why that particular bet went wrong a week or so ago where they had to juice the pool $50,000 in that cross-country wager.

Stop betting signals are usually automated, but I guess for multi-race bets spread across different tracks across the country, it's not.
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Old 08-05-2022, 10:09 AM   #3
Tom
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Hard to have faith in a system run so slather-assed.
Someone's nephew on a summer job?




Probably the official timer's kid.
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Old 08-05-2022, 10:37 AM   #4
dilanesp
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I know a lot of people here don't like the new federal law, but these situations are one example of something that could improve with federal regulation. The basic problem is that tracks are beholden to the offshore outlets (and sometimes are in bed with them, as you see here with 1ST), and state regulators are protective of local tracks. So there's just huge incentives not to rock the boat.

A federal regulator, realistically, can rule "nobody can accept bets from this source until X is fixed" in a way that state regulators really can't.
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Old 08-05-2022, 01:55 PM   #5
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i just had the 1 horse in Ellis Park get the lead and drop from 16-1 to 12-1 all during the race.

to tell you the truth, this horse looked like 160-1 before the race.
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Old 08-05-2022, 05:13 PM   #6
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Everybody has to pee……
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