Joe Orr Road Rod wrote:
Dignified Rube wrote:
Joe Orr Road Rod wrote:
All the late money hitting the pools at the last minute makes this game even tougher than it already is. We've got real problems in the sport when you can cash a 7/1 ticket and still feel like you lost.
That's the excuse that the late money is hitting the pools at the last minute, causing the odds to drop. But I think it's the tracks manipulating the pool portion of their takeout to drive down the odds on horses who are leading. This happens as late as when the horse reach the half-mile pole. That late money should have already have registered by 48 seconds into the race.
Yes, horse players should demand sweeping changes, like the pools being closed 1 minute before post-time. But how do you put pressure on the tracks who don't wont to be held accountable for their dirty deeds? Horse racing is becoming less and less any kind of a fair game. The only way to make money is to pick and choose your shots wisely. You shouldn't be betting every race, particularly when the favorite is strong as an overlay. If you're betting favorites at 2-1 odds or less, you're the sucker. Even Audible at 1-9 odds in his last time out can lose or Stormy Liberal at 1-1 odds yesterday in the Hernandez in the 8th at Santa Anita.
Now why would the tracks do that? They're simply an agent handling the action. One issue is that these computer groups are hitting the pools late, as OTE pointed out above. (Not to mention that they force the takeout to remain high so they can get their rebates. But that's a different issue entirely.)
There are bettors that receive an unfair systematic advantage due to the volume of play. It's not dissimilar to the stock market:
https://www.youtube.com/watch?v=0eqqCwhPlyUMy theory is that the tracks want to make the odds less than fair value on favorites and front-runners after post-time, because over time the bettor loses on those bets for their being ROI negative. If the bettor isn't keeping his money, then his money is being lost to the track and to other gamblers. The tracks prefer their relationship with bettors to be a net negative, rather than positive, and whatever they can get away with to make it more negative they'll do.
This is what people don't understand. They take a favorite at 3-2 with negative expected ROI and win one time, thinking it's great while patting themselves on the back. But if they make that same bet over and over again, they ultimately will lose, because the math and odds are against them.