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Originally Posted by Kasept
Just as the exactas pay less than the late probable displayed, they 'should' pay more when unidentified exacta targets come in. But the robotics cover an inordinate amount of potential results and widely depress the prices, yes..
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The bottom line remains that the rest of the bettors do worse than they would do if the breakeven late bettors weren't in the pool.
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Originally Posted by Kasept
Right. That's the whole question though the working number is 15-20% of total handle and the WPS/exacta pools are their area. And you don't necessarily know where the target is at any particular time. You can gravitate toward tracks like OP and TAM to avoid them or play in pools where their programming is neutered (tris, super, multis).
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I don't get why CRW's wouldn't be betting trifectas. I thought they did, in fact. Maybe you can ask Maury Wolff.
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Originally Posted by Kasept
I'm not an economics guy, but aren't most equity markets less than a level playing field? Isn't there a patently unfair advantage for any whale getting rebates or with players that can punch $1,500 P6 tix over a typical $96 or $244 play? Where is the line between unbalanced and unacceptable? They certainly have an advantage and make it hard(er) for everyone else, but is that reason to exclude them from the pools?
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Those are good points about the rebate and bankroll advantages. But IMO no one should be given an
information advantage that is not available to other bettors. That's where the line should be drawn. The CRWs get two types of information advantage. First, they get a digital form of the complete pool breakdown, allowing them to instantly spot overlays. Second, they can bet at the last second, giving them payoff information that is better than what other bettors can know.
I can't think of any other (legal) gambling situation where one group is preferentially allowed to bet last. Who would ever sit down at a Hold'em game if he or she had to always bet from early position? Only a total rube.
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Originally Posted by kasept
The whole thing is a fascinating debate and emblematic of how complex the game and its' vexing issues are..
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Absolutely!