Quote:
Originally Posted by Dunbar
There are multiple ways to bet a horse to win in the paramutuals, and they do not yield equivalent win odds. If you have access to last second odds with a computer ready to instantly analyze the data and make bets, you can take advantage of those differences.
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Here is an explanation of
arbitrage betting from Wikipedia. Although the article focuses on obtaining odds from different bookmakers, the key concept is the same for multiple parimutuel pools.