[Kasept]

Congratulations to Chris Scherf and TRPB for following through on the opportunity to improve the tote system and its' integrity. They've been working on these difficult issues for a long time, and it shows that there are industry leaders trying to address the problems.


Tote Program Includes Pari-Mutuel Upgrades
By Blood-Horse Staff

The Thoroughbred Racing Protective Bureau in the next one to two years plans to launch a tote security system designed to close pools on time, eliminate shifts in odds, and display decimal rather than fractional odds. The system has been in the works for years.

The TRA and TRBP said the system will:

• provide real-time decimal odds, initially in the win pool, which will provide more timely and accurate information for bettors to calculate expected payouts;
  
  
• an improved, standardized stop-betting device and process, which will ensure betting has ceased at every retail network on the TRPB Tote Security System at the start of every race upon the stop betting command being issued by the host;
  
  
• the ability for a host racetrack to identify and authenticate each simulcast retailer’s participation in the host’s races, ensuring only authorized access to pools;
  
  
• the ability for a host racetrack to verify essential control functions occurring within the host’s network, such as pool participation, ITSP information, cancel delay time, currency, and minimum bet values;
  
  
• the ability for a host racetrack to audit wagering transaction detail on multi-leg pools on a leg-by-leg basis;
  
  
• and increased capability for participating host racetracks to hasten development of new wagering opportunities and expand betting markets.