High speed trading and horserace betting ?

[Dunbar]

Originally Posted by philcski

No. If it were a fixed odds market, then yes, but in the parimutuel world it doesn't matter when the bet is placed. Now, if they have access to the pools after everyone else, thus affecting the final price, then it would have an impact.

Phil, your last sentence is important. When I bet, I would love to be the last person betting. I'd have a better estimate of what odds I'd be getting and how much my bets would affect the pool. For any two highly skilled players of equal capping ability, the one who bets later will have an edge.

--Dunbar