Derby List Last 200 Messages

[Josh Kuperman via Derby]

The problem with the problem of the late odds changes, or more properly
screwing the fans in favor of a few wealthy bettors has many solutions. All
solutions presuppose that there is a desire to solve them. My feeling is
that race tracks should get out of the wagering business altogether and
make their money from racetrack admissions. The first thing would be using
variable takeout and variable pool closing time. Breakage should be to the
penny and for the most part, parimutuel clerks are an anachronism. If the
takeout at the track was 0% and the pool closed a 0MTP, and if the takeout
for those using the tracks ADW (Nyrabets in the case of Saratoga) was 10%
and closed at 2MTP, and the takeout from wagers through intertrack wagering
systems was 20% the pool closed at 5MTP there would still be problems, but
at least the fans who show up would be favored, the track would get a
little extra from off-track betting and the rebates would become more
difficult.  I have sympathy with the wealthy bettors, they actually study
the math, work out a bunch of computer programs and generally have to set
up a complex relationship to get all those rebates. And worst of all I
can't imagine them getting to enjoy watching the races, at least not while
there working at betting.

But of course, just as with drugs, there is absolutely no reason to believe
these are problems that the "industry" wishes to solve and even if they did
it's a totally disorganized industry without agreement as to what business
they're in.

On Thu, Aug 27, 2020 at 3:18 AM Ed DeRosa via Derby <
derby@xxxxxxxxxxxxxxxxxxx> wrote:

> We'd see the same odds dump, but it just wouldn't appear after the race
> started.
>
> My solution is the CRW players get shut off at 0 MTP and "retail" players
> can bet until the bell.
>
> EdD
>
> On Wed, Aug 26, 2020 at 6:41 AM Steven Hill via Derby <
> derby@xxxxxxxxxxxxxxxxxxx> wrote:
>
> > We consistently see Odds Dumps during the running of the Race 7/2 ends up
> > 2-1, Even Money ends up 2/5 or 1/5...Close the Betting before the horses
> > enter the Gate.
> > Steve
> > You Think It's Easy?
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-- 
Josh Kuperman
josh.kuperman@xxxxxxxxx
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