Micro ADW's? Have fun with this report

[Boscar Obarra]

http://www.bloodhorse.com/horse-racing/articles/66960/case-made-for-high-volume-betting-services


\"Dave Basler, executive director of the Ohio HBPA, and Terry said the impact of high-volume operations on pools is about one-half of 1%, meaning a winning wager that would have paid $100 will pay $99.50. Basler said it's a small price to pay when most of a racetrack's business comes from off site.\"

 On the face of it, this seems quite specious. I see what goes on in the exacta pools late, and they (on average) generally chop a lot more than .5% off the winning numbers.

 They claim the batch/arb/system crowd LOSES 6% betting but make all the money on rebates. Does that make us suckers if we aren\'t getting those same rebates? How much more would you bet into the pools with a 10% (or less) takeout?

[miff]

Box,

The Elite Racing Group out of Curacao was one of the venues(as told to me) that had the live software combing tote pools, something no player can see, and was taking down/skimming substantial sums over a period of a few years.\"They\" had very sophisticated software.

Charlie Hayward swore on a stack of bibles that NYRA has the most comprehensive monitoring of its pools. Would like to believe that but the NYRA track record just does not make that possible.

I would need to see the full details of security/encryption etc before I believe that the Clueless Clowns that run the tracks have pool integrity buttoned up.


From a source document:


\"The rebate shops named in the indictment were Racing Services, Inc. (based in Fargo, North Dakota), a gambling operation located on the Tonkowa Indian Reservation in Oklahoma, Euro Off-Track (based on the Isle of Man,
General Areas of Concern Page 19
United Kingdom), International Racing Group, Inc. (based on Curaçao, Netherlands Antilles), and Elite Turf Club (based on Curaçao, Netherlands Antilles).
After the announcements of the Uvari Indictment and a similar indictment in North Dakota,4 the New York Racing Association (NYRA) cut off its simulcast signal and terminated its contracts with certain offshore and Indian reservation-based rebate shops. In January 2005, NYRA terminated its simulcast contracts with the following ten rebate shops (often referred to as the "NYRA Ten"):
•
Euro Off-Track, based on the Isle of Man in the United Kingdom
•
International Racing Group, Inc., based on Curaçao, Netherlands Antilles
•
Elite Turf Club, based on Curaçao, Netherlands Antilles
•
Tonkawa Indian Reservation, based in Oklahoma
•
Racing and Gaming Services, Inc., based on St. Kitts, West Indies
•
Lakes Region Greyhound Park, based in New Hampshire
•
Capital Sports Ltd., based in Australia
•
Darwin All Sports, Ltd., based in Australia
•
Coeur d'Alene Casino, based in Idaho
•
Excelsior Casino, based on Aruba

[TGJB]

Miff-- Well...

1) If I\'m right about which indictment that is, the date and reason are kind of important.

2) \"Skimming\"? Unless they are outright past-posting, they\'re just using betting software, which will only be as efective as your handicapping. All it does is distribute your bets in the most efficient way possible. I\'m guessing someone might know of similar software being used on Wall st.

[miff]

) \"Skimming\"? Unless they are outright past-posting, they\'re just using betting software, which will only be as efective as your handicapping. All it does is distribute your bets in the most efficient way possible. I\'m guessing someone might know of similar software being used on Wall st.


JB,

The issue here is that you, me and just about all other players cannot hook software to a live pool looking for opportunities to reduce the takeout. Yes, the handicapping part is there and there is no guarantee.Strike rate for the Curacao group was reportedly good.All software programms not equal.

Like I\'ve been saying, it\'s all about absolute pool integrity and the perception of the players.


Mike

[TGJB]

Just to be clear, I think pool integrity is a big issue-- they can hack into NASA, and we have an antiquated system with about a million points of entry. But my point is that using the software (or any other) by itself is not cheating-- the idea that we should not allow people to create a better mousetrap is ridiculous. Come play our game, we\'ll let you play, but not win.

[JR]

How can I get the same access to the pools? Wasn\'t this an issue a few years ago when a North Dakota betting shop hooked straight into Gulfstream\'s pools? Didn\'t they get unplugged?

[Boscar Obarra]

Just to be clear, the possible past posting is a completely seperate issue from the direct access to pools and the rebate.

 And that .5 % impact seems really ludicrous.  So they only take what, 12 cents off a $25 payoff.  Nice guys.