|
|
12-01-2015, 10:56 PM
|
#1
|
Registered User
Join Date: Oct 2014
Posts: 3,625
|
Robotic wagering -- something else bettors have to deal with
I saw this from another post discussion and I saw the below report:
http://www.paulickreport.com/news/ra...race-wagering/
What really disturbed me about the article was that it mentions something known as "Past posting" which is where tracks allow these bots to have the opportunity of getting their wagers in after the gates have opened.
If the report is correct my question is, how long after the gates open do the wagers keep coming in for that particular race? Is it right when the gates first open? Is it right before the finish line?
It stands to reason why this is probably what happens when I see the odds changing as the race is being run.
Overall the bettors now have to deal with the following:
- The bots help the track by creating bigger pools
- The computer teams get a rebate for generating high betting volume
- These teams don't have to make a profit because they're getting a rebate
- If or when these teams do make a profit they still get their rebate
At the end of the day it's a win win for the computer teams and a lose lose for the bettors!!
|
|
|
12-01-2015, 11:40 PM
|
#2
|
Authorized Advertiser
Join Date: Dec 2014
Location: Oakland, Ca
Posts: 7,953
|
Figured it had to be something like this that was going on---what else would explain the wild surges in betting pools in the last few blinks? Wasn't someone just last night, denying most of the money in the pools WASN'T coming in the last few minutes? Hell, all anyone has to do is watch the pools for a day at any track in America to see this happening. Thanks for posting O-man.
Last edited by NorCalGreg; 12-01-2015 at 11:43 PM.
|
|
|
12-02-2015, 06:45 AM
|
#3
|
Registered User
Join Date: Feb 2014
Posts: 4,520
|
Yep, the advent of crw was sure a tough break for the regular players.
And a blessing to any track allows it.
Allan
|
|
|
12-02-2015, 07:49 AM
|
#4
|
Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,815
|
all these fine innovations has turned me into a rank sucker and another bum in the ballpark.
thank you horse racing 2015
|
|
|
12-02-2015, 08:20 AM
|
#5
|
Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
|
Even if they are not doing it yet, it is only a matter of time before the computers start manipulating the pools. It is just too profitable not to.
__________________
Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
|
|
|
12-02-2015, 08:40 AM
|
#6
|
Registered User
Join Date: Jul 2009
Location: NJ
Posts: 3,828
|
Quote:
Originally Posted by TheOracle
I saw this from another post discussion and I saw the below report:
http://www.paulickreport.com/news/ra...race-wagering/
What really disturbed me about the article was that it mentions something known as "Past posting" which is where tracks allow these bots to have the opportunity of getting their wagers in after the gates have opened.
If the report is correct my question is, how long after the gates open do the wagers keep coming in for that particular race? Is it right when the gates first open? Is it right before the finish line?
It stands to reason why this is probably what happens when I see the odds changing as the race is being run.
Overall the bettors now have to deal with the following:
- The bots help the track by creating bigger pools
- The computer teams get a rebate for generating high betting volume
- These teams don't have to make a profit because they're getting a rebate
- If or when these teams do make a profit they still get their rebate
At the end of the day it's a win win for the computer teams and a lose lose for the bettors!!
|
Whether you believe it or not, the article repeatedly says there is no past posting, so why would you read the article and then believe that there is?
|
|
|
12-02-2015, 08:57 AM
|
#7
|
Registered User
Join Date: Dec 2005
Location: MI
Posts: 6,330
|
Quote:
Originally Posted by TheOracle
I saw this from another post discussion and I saw the below report:
http://www.paulickreport.com/news/ra...race-wagering/
What really disturbed me about the article was that it mentions something known as "Past posting" which is where tracks allow these bots to have the opportunity of getting their wagers in after the gates have opened.
If the report is correct my question is, how long after the gates open do the wagers keep coming in for that particular race? Is it right when the gates first open? Is it right before the finish line?
It stands to reason why this is probably what happens when I see the odds changing as the race is being run.
Overall the bettors now have to deal with the following:
- The bots help the track by creating bigger pools
- The computer teams get a rebate for generating high betting volume
- These teams don't have to make a profit because they're getting a rebate
- If or when these teams do make a profit they still get their rebate
At the end of the day it's a win win for the computer teams and a lose lose for the bettors!!
|
Thanks for sharing.
__________________
"The Law, in its majestic equality, forbids the rich, as well as the poor, to sleep under bridges, to beg in the streets, and to steal bread."
Anatole France
|
|
|
12-02-2015, 08:58 AM
|
#8
|
Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
|
What do you call a wager made that is made well before the gates open but is not entered into the pool until after the gates open? I suspect, but can not prove, this is happening some if not a lot. To be clear, I am talking about wagers made at 1MTP or 2MTP. Where there would be at least one tote flash that could show the bet if it went in right away.
__________________
Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
|
|
|
12-02-2015, 09:10 AM
|
#9
|
Registered User
Join Date: Aug 2006
Posts: 1,044
|
about 20 seconds
|
|
|
12-02-2015, 10:42 AM
|
#10
|
Registered User
Join Date: Oct 2012
Posts: 441
|
Quote:
Originally Posted by castaway01
Whether you believe it or not, the article repeatedly says there is no past posting, so why would you read the article and then believe that there is?
|
.....Paris.....
....in the....
..the spring..
People see what they expect to see.
|
|
|
12-02-2015, 11:53 AM
|
#11
|
The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,983
|
Quote:
Originally Posted by castaway01
Whether you believe it or not, the article repeatedly says there is no past posting, so why would you read the article and then believe that there is?
|
Because talk is cheap?
Saying it an proving it are two different things.
In God we trust.
All else bring data.
__________________
Who does the Racing Form Detective like in this one?
Last edited by Tom; 12-02-2015 at 11:55 AM.
|
|
|
12-02-2015, 07:58 PM
|
#12
|
Registered User
Join Date: Jul 2014
Posts: 125
|
I do not believe there is, for the simple reason, and you can check this yourself, watch a race on a racing station on TV, then watch the same race on your chosen internet channel (TVG, TWINSPIRES Etc.) there will be a signal delay from the actual race and the internet view, which could lead one
to believe post betting is possible, but it really is an illusion of signal delay.............
|
|
|
12-02-2015, 08:41 PM
|
#13
|
Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,815
|
Quote:
Originally Posted by hyipro
I do not believe there is, for the simple reason, and you can check this yourself, watch a race on a racing station on TV, then watch the same race on your chosen internet channel (TVG, TWINSPIRES Etc.) there will be a signal delay from the actual race and the internet view, which could lead one
to believe post betting is possible, but it really is an illusion of signal delay.............
|
it can only be done live at race tracks or with c-band.
|
|
|
12-02-2015, 09:10 PM
|
#14
|
Veteran
Join Date: Oct 2009
Posts: 25,607
|
Quote:
Originally Posted by Robert Goren
Even if they are not doing it yet, it is only a matter of time before the computers start manipulating the pools. It is just too profitable not to.
|
Nobody seems to care about manipulation, one day we will have no hopers sitting on the board at 2-5 and go off 80-1, nobody is stopping this, you read about this and all the tracs tell you that the person is a big bettor who just made a mistake or had a change of heart, has any bettor been tossed from his ADW for manipulating or banned from the track? If there's no punishment, they'll keep doing it.
|
|
|
12-02-2015, 09:31 PM
|
#15
|
Registered User
Join Date: Jan 2006
Posts: 28,579
|
Quote:
Originally Posted by Stillriledup
Nobody seems to care about manipulation, one day we will have no hopers sitting on the board at 2-5 and go off 80-1, nobody is stopping this, you read about this and all the tracs tell you that the person is a big bettor who just made a mistake or had a change of heart, has any bettor been tossed from his ADW for manipulating or banned from the track? If there's no punishment, they'll keep doing it.
|
At a time when the mutuel pools are in drastic decline...you expect the industry to punish the mega-bettors? The industry is bending way backwards to keep them in the game.
__________________
"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
|
|
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
|