10X worse than the Lasix issue!

[Lost Cause]

FrankD. Wrote:
-------------------------------------------------------
> I\'ve been around a long time and have a
> significant background on the taking side of
> bets.
>
> 1) Most offshore or non-parimutuel books will cap
> a payoff at 5 or 10 k total for the race at a C or
> D level track like thistle.
>
> 2) No book maker in their right mind would take a
> 10k or more bet on a track that normally has that
> amount in total in the WPS pool for an entire
> race.
>
> 3) No bookmaker in their right mind would take
> that kind of action on a new account or one that
> never bet like that before. The only exception
> maybe for a heavy hitting sucker who normally bets
> 1/5 types regularly.
>
> 2 + 2 = 8 here


Most likely a bunch of different offshore boobkmakers used.  as you are correct on the C and D track limits.

[Boscar Obarra]

I don\'t swim in this partlcular pool, (offshore betting) but I suspect these guys have a NON MANIPULATION clause in the rules, to protect themselves.

[Boscar Obarra]

It\'s called \"padding the pool\". As I mentioned in another post, I would think most if not all offshore books that hold bets, would EXCLUDE pools that are obviously manipulated from paying off.

 Otherwise, they would be out of business very quickly.


magicnight Wrote:
-------------------------------------------------------
> This used to happen all the time in the old days.
> Boscar can help out here. What did they call it?
> \"Building?\" Bet up the rest of the field at Agua
> Caliente and clean up with US bookmakers on the
> good thing.
>
> I also wonder how often this sort of thing could
> be pulled off. How many offshore outfits would get
> suckered twice on this sort of thing?

[magicnight]

\"most if not all offshore books that hold bets, would EXCLUDE pools that are obviously manipulated from paying off.\"

So where did they lay the 40 grand or so necessary to make all the bother worthwhile? And know that they would get paid?

[Boscar Obarra]

no idea what they were doing. there are many strange things going on all the time in the pools, most under the radar.

just saw a comment elsewhere that suggests someones betting account might have been hacked.  that would make a lot of sense. now , just find out who bet the winner large in the tote  to find the culprit ;-).

 if anyone thinks it\'s unlikely, I refer you to the exact same thing being done with hacked stock broker accounts.

this, from bogdog.

\"In the event we believe there has been \'Pool Manipulation\' to gain monies from Bodog Racebook, we will investigate the race and betting patterns which may result in any \'winnings\' being deemed as void.  We also reserve the right to restrict or limit wagering access in Bodog Racebook.\"

[magicnight]

But I don\'t think there were many winners through the tote. Wasn\'t there an early offshore bet of $9,000 or so that drove the initial price to 1/5? Isn\'t that account holder suspect? That\'s 50 grand right there.

[JR]

It does happen and it did happen in a small pool at Thistledown. While this example is dramatic, small tracks see big price swings quite a bit. Check out the Timonium Fairgrounds summer meet this August. My mother could move the prices.

[Beau]

What about the old time bookies?? I know a few in South Florida who take bets on most anything, but this would be a windfall!

[plasticman]

Mike, can every player NOT make 100\'s of bets into the pools at the last second? What\'s preventing you or anyone else from doing the same exact thing?

[miff]

Plastic,

You need to be able to batch/robotic bet, not just repeat bet, i.e. 100 or hundreds of bets for different amounts.In last 30 seconds, can\'t do that with a teller at the track/otb or online with any AWD from my experience.


Mike

[msola1]

Does anybody wonder why these betters were so sure of their bet?

It appears they correctly thought they had no or little risk. Does this raise any flags about the horse and the trainer and the degree of certainty the betters gad when they pulled this? And why they felt they had no or little risk?

[msola1]

Does anybody wonder why these betters were so sure of their bet?

It appears they correctly thought they had no or little risk. Does this raise any flags about the horse and the trainer and the degree of certainty the betters had when they pulled this? And why they felt they had no or little risk?

[Perfect Drift]

There is such a simple way to end the issue with betting after the race starts and late odds changes:  the race does not go off until one minute after the betting ends.  Post time means the end of betting, wait one minute, and the race is run.  Why is this not done?

[plasticman]

The people who are betting robotically had to come from somewhere. There was a point when they were NOT robotic bettors. They found a way to BECOME robotic bettors. My point was that if they can do it, why can\'t you? Why can\'t you do what they did?

[plasticman]

PD, this was tried and worked out horribly for the tracks. They lost a ton of money and the \'learning curve\' was just not worth waiting for in their opinion.

Also, what if they close betting and then the 3-5 shot flips in the gate and has to be scratched? They have already said they can\'t \'reopen\' betting, they just lose all that revenue because people cant rebet.

I like it the way its structured, i like to be able to bet with 1 millisecond to post, i believe its more important that the racing industry be held accontable to not permit certain bettors to bet at the quarter pole. Just close all the pools at off time and they won\'t have to take drastic measures of closing pools 1 MTP.