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Originally Posted by Grits
And, there was very good reason for the change coming about, and someone can correct me if I'm wrong.
It had nothing to do with correcting tickets by mutuel clerks for bettors (and that probability is ludicrous.) Instead, it had everything to do with odds fluctuations appearing once the gates had sprung and the horses were running.
There was tremendous flap over this, bettors got fed up with the practice of odds dropping on their choice, they were smart to what was happening. Late money showing up in the pools. Whales--here, or offshore, were having large effect on this.
And again, please, someone correct me if need be.
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I think you are correct. Integrity was a part of the issue also, as tellers could cancel the tickets real quick if the horse has a bad break.
But your statement was the #1 reason.