Races - a modern method of cheating

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cosmicway
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Races - a modern method of cheating

Post by cosmicway » Thu Nov 09, 2017 1:46 pm

This is about tote operators.
Could they increase the takeoff percentages in an artificial way, without making an announcement and without a new law about take off percentages ?
To do that they have to become punters themselves.
An ancient method is to fix the races. So the tote operator becomes a kind of traditional "horse racing boss", receives reports from all the persons concerned and fixes the races. Next he places some bets and the winnings are deposited in a controlled bank account. As a result the punter plays against a higher take off percentage than he actually thinks he does.
This is however an ancient method.

He could also do it with a "totalizator system", with the advantage that the take off percentage is zero for him.
If there is such a system -and in all likelihood there is- it relies on the theory of the so called "smart money", that is the money wagered during the last three minutes. The "smart money" are usually closer to the actual result of the race than the money wagered early hours (the "silly money"). It also relies on the use of totalizator data, from which the user of the system works out his system of play.
The normal punter cannot do the same thing. He does n't have the interface needed, nor the computational speed.
But the operator owns all the machinery, connects it with any auxiliary software he likes. He also has all the time in the world to test the yield of such a system.

It's practically impossible to do something about it. It requires the presence of compliance authorities that do not exist, but it is also not as illegal as the fixing of a race might be.

In America this is legal, in the sense that the race courses give the data stream to anyone who likes (free or with subscription I don't know).
In an old racing mag I saw a photo once with a punter in a vip room in California race course working with his computer. Also there was another American who was advertising in horse racing forums his computer program for totalizator analysis that he claimed was the best.
Basically it is like stock exchange analysis, with curves and histograms.
For those punters who may use this I don't really know how effective it is, against the house percentage, but for one with zero house percentage it is a different story.

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cosmicway
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Re: Races - a modern method of cheating

Post by cosmicway » Sat Nov 11, 2017 2:12 pm

The betfair alert softwares must have been gadgets of the same genre.
Never had any of those.

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