Arbitrage in the BC.

[ateamstupid]

The only ways to negate this--short of banning CRW outfits, which just isn't going to happen with how much handle they produce--are 1.) For exchange wagering to become the national standard or 2.) For every track and ADW to have conditional wagering options. The first remedy would likely take over a decade to implement, but the second one would be relatively easy and could be accomplished within a year. But enough people have to make a stink about this for anything to change. So far, it has mostly gone under-reported.

[jms62]

Originally Posted by ateamstupid

The only ways to negate this--short of banning CRW outfits, which just isn't going to happen with how much handle they produce--are 1.) For exchange wagering to become the national standard or 2.) For every track and ADW to have conditional wagering options. The first remedy would likely take over a decade to implement, but the second one would be relatively easy and could be accomplished within a year. But enough people have to make a stink about this for anything to change. So far, it has mostly gone under-reported.

Can you elaborate on how conditional wagering alleviate this problem? There will always be some time limit on when a bet is accepted and unless that is when EVERYONE is shut off; a computer has more than enough time to analyze and make many bets.

[ateamstupid]

Originally Posted by jms62

Can you elaborate on how conditional wagering alleviate this problem? There will always be some time limit on when a bet is accepted and unless that is when EVERYONE is shut off; a computer has more than enough time to analyze and make many bets.

Conditional wagering means your bet isn't placed unless your desired odds are met at the off. CRW's will still be able to drop the odds at the last second, but regular players would no longer be victimized by it.

[jms62]

Originally Posted by ateamstupid

Conditional wagering means your bet isn't placed unless your desired odds are met at the off. CRW's will still be able to drop the odds at the last second, but regular players would no longer be victimized by it.

If most people then do conditional wagering how would current odds be calculated? Seems like only those not doing conditional wagering will be affecting odds and wouldn’t the money pouring in at the off then change the odds and probably do so in dramatic fashion? Conditional wagering only works if the amount of conditional wagers is small enough to have little impact on final odds.

[ateamstupid]

Originally Posted by jms62

If most people then do conditional wagering how would current odds be calculated? Seems like only those not doing conditional wagering will be affecting odds and wouldn’t the money pouring in at the off then change the odds and probably do so in dramatic fashion? Conditional wagering only works if the amount of conditional wagers is small enough to have little impact on final odds.

That's why I'm suggesting to have it as an option, not something mandatory.

And what difference do the "current odds" make if you're setting your price?

[jms62]

Originally Posted by ateamstupid

That's why I'm suggesting to have it as an option, not something mandatory.

And what difference do the "current odds" make if you're setting your price?

You talked about Exchange wagering and Conditional Odds so we may be crossed here as I am commenting on Conditional Odds. If it is conditional betting and we have 100 K on Horse 1 at 3-1 and at the off it is 3-1 now that 100K hits the pools and the odds will be reduced. It is still pari-mutuel. Conditional betting is not Exchange Wagering.

[ateamstupid]

Originally Posted by jms62

You talked about Exchange wagering and Conditional Odds so we may be crossed here as I am commenting on Conditional Odds. If it is conditional betting and we have 100 K on Horse 1 at 3-1 and at the off it is 3-1 now that 100K hits the pools and the odds will be reduced. It is still pari-mutuel. Conditional betting is not Exchange Wagering.

I'm aware of the difference. I'm suggesting a system where the tote considers conditional wagers' effect on the final odds before allowing those bets as live.