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Old 10-15-2021, 09:01 PM   #1
Ahorsewithnoname
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Late $ changing odds after the race is run

This happens every once in a while. The horse i bet at post is giving me odds of 5/2. Race goes off horse is still shown at the same odds. 1 minute after the race is finished running. Odds go from 5/2 - 6/5. This example was just from Race 4 Evangeline from tonights card. Horse # .
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Old 10-15-2021, 09:04 PM   #2
Ahorsewithnoname
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Atleast $1000 - $1500 wagered late.
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Old 10-15-2021, 09:08 PM   #3
Ahorsewithnoname
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I can understand why some users on here say that wagering should be completed 1 - 2 minutes to post. It sucks seeing that 5/2 go down to 6/5 when you have decent $ on your wager. You from to
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Old 10-15-2021, 10:12 PM   #4
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The difficult part is seeing the notice go up that wagering is closed and then watch the odds change. Closed for who?
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Old 10-16-2021, 12:03 PM   #5
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It sure doesn't seem if you hit a winner the price ever goes up.
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Old 10-16-2021, 10:35 PM   #6
Ahorsewithnoname
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It sure doesn't seem if you hit a winner the price ever goes up.
Lol thats for sure
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Old 10-20-2021, 05:58 PM   #7
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Originally Posted by Ahorsewithnoname View Post
I can understand why some users on here say that wagering should be completed 1 - 2 minutes to post. It sucks seeing that 5/2 go down to 6/5 when you have decent $ on your wager. You from to
This wouldn't change anything, you'll still see last cycle odds changes.

Offer a 5% rebate on losses if a bet is made 30 mins before post time to incentivize early wagering to quicken the price discovery process and you'll see changes.
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Old 11-02-2021, 04:26 PM   #8
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Woodbine Mile

Town Cruise #1 went from 22-1 to 8-1 and won.
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Old 11-02-2021, 04:35 PM   #9
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This is the 2nd biggest reason racing has lost fans
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Old 11-14-2021, 05:21 PM   #10
Clocker
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Originally Posted by Ahorsewithnoname View Post
Atleast $1000 - $1500 wagered late.

It's not wagered late, it is updated "late". When the bell rings, the track and the multitude of off-track vendors have bets that were accepted after the previous odds update up but before the bell rang. Big last minute bets, especially into small pools, can result in noticeable odds changes.
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Old 11-14-2021, 11:54 PM   #11
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I noticed this with standardbred racing on 1st or 2nd odds favorites. These horses sometimes get hammered down during the race. This has happened to me plenty of times recently. It seems like one of the two or three favorites gets a bunch of late $. If you are lucky and backed the horse that was hammered late you win.
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Old 11-15-2021, 04:52 PM   #12
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Originally Posted by Ahorsewithnoname View Post
I can understand why some users on here say that wagering should be completed 1 - 2 minutes to post. It sucks seeing that 5/2 go down to 6/5 when you have decent $ on your wager. You from to

If you close betting at 2 minutes to post, the guys that are betting big bucks at 15 seconds to post will then be betting big bucks at 2 minutes and 15 seconds to post. The odds will still be changing after it is too late for anyone to bet.


https://www.paulickreport.com/horsep...e-last-minute/


https://edge.twinspires.com/racing/p...-odds-changes/
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Old 11-15-2021, 05:00 PM   #13
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Originally Posted by Clocker View Post
If you close betting at 2 minutes to post, the guys that are betting big bucks at 15 seconds to post will then be betting big bucks at 2 minutes and 15 seconds to post. The odds will still be changing after it is too late for anyone to bet.


https://www.paulickreport.com/horsep...e-last-minute/


https://edge.twinspires.com/racing/p...-odds-changes/
True. But we would know what the horses' "true odds" are before the race goes off...whereas now we don't know what the true odds are until the winning horse gets photographed in the winner's circle. Speaking for myself...my main concern is the elimination of any possibility of past-posting.
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Old 11-15-2021, 05:01 PM   #14
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Originally Posted by Clocker View Post
If you close betting at 2 minutes to post, the guys that are betting big bucks at 15 seconds to post will then be betting big bucks at 2 minutes and 15 seconds to post. The odds will still be changing after it is too late for anyone to bet.
A voice of reason!

Last edited by cj; 11-15-2021 at 05:11 PM.
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Old 11-15-2021, 05:02 PM   #15
NorCalGreg
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I love the title of that Paulick Report story:

" The Odds They Are A-Changin' "
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