Arbitrage in the BC.

[jnunan4759]

As I've mentioned before and Paul Matties has mentioned, I'm a big opponent of allowing organizations access to pools and running algorithms on those pools and betting into them through direct pipelines.

This accounts for up to 20% of nationwide handle and, of course, it's hard to give up. However, it does take value from the player. I think it eventually erodes racing, since people make less on their good bets and feel cheated.

This is why horses change from 7/2 to 8/5 as the race is run.

I know this is more effective on smaller handle tracks. But was interested to know how this affects the BC. These are bigger pools. Also, the BC goes through their own pool. Can these people go through Oregon and do the same ? Is it profitable to them in this scenario ?

Curious.

Heard that the BCBC was about 20% of handle. That's great. I think we are all getting whacked on this betting. Arbitrage, style. However, can any venue deny 25% of their handle ?

Because of the payouts, they will lose the horseplayers.

It's parasitic. Short-term gain for long term loss. You discourage and penalize your customers. If racing venues and ADW's don't realize this problem and refuse the 25% of their handle from this source, they will end up destroying the racing industry in the United States. By being short sighted on this, they will ruin the lives of hundreds of thousands of people. This is like somebody giving you an envelope of cash and saying "Shhhhh".

The once-in-a-while horseplayer sees his odds change in the race and assumes it's fixed. I can't blame that person. The obsession with handle will ruin US racing. It has to be quality, not quantity. You have to grow the product. Somebody who feels they are screwed won't come back.

This has to be fixed. Screw Oregon. They put nothing into horse racing and most of the bets in the US go through there. Plus they allow arbitrage access into the pools. They stole horseracing form all of us.

Disgusted.