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Originally Posted by NorCalGreg
Sometimes I'm amazed at some of the posts and articles on this site, that are completely ignored. Okay I'm as guilty as the next guy--but check the Bloodhorse article Fox linked up.
This completely blew my mind:
..." tracks continue to discover unidentified outlets participating in their pools. He said currently these discoveries are made days after the race. Identifying pool participants and associated issues of takeout rates, minimum bet values, breakage rules, cancel delays, and currency exchange issues of each of those participants is critical."
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no shit! i have been saying this for 7 years here. there has to be someone or a group of someones sitting in a room somewhere that has a live feed instead of the delayed by 40 second feed that we have in our living rooms betting and canceling after the bell rings at some point. i got nailed yesterday in an exacta pool in the 8th race at Santa Anita. i know about these things because i did it myself 20 years ago and know exactly how strong an edge this is. my guess is that a player loses more money to the after the bell than what the actual takeout and breakage is.
the exacta deal blew my mind yesterday because the exacta price dropped while the horse was getting his picture was being taken. the rest of the exacta's with the winner went up in price. i always knew that there were people betting 8-20 seconds after the break, now i see someone can get in those pools after the stupid race.
as a result of this i am going to cut way back in my wagers to basically nothing. i will just give the money to my favorite charity's that i figured i would have lost during the year. as it is when i win i always gave to some cause that i like. truthfully, i don't win that often anymore and i can now see why.
