Re: Good for the NYRA!! (614 Views)
Posted by:
miff (IP Logged)
Date: June 13, 2006 05:11PM
The guy described is fairly well known and was SUPPOSEDLY stopped from betting into the NYRA pools.
1. He was about break even and after rebate made app5-6% on volume.
2.The Ceo Champion is either a liar or misinformed.
3.There is no "value" or inefficiency being exploited.
4.The computer software indentified opportunities to place many bets,seconds before post with a high probability to break even or lose up to 6/7% mainly on exactas. The rebate was 10% yielding a consistent small profit.
5.Each time the computer saw the opportunity to prfit/small loss it executed accordingly.In all of those instances the PAYOFF of the winning exacta went DOWN and if YOU had it also, you got less(unable to say how much).
6.The one I am familiar with was nothing more than a "skim" off all players.
I understand it only works in big pools(NY, So Cal)I understand that more than one guy doing it basically renders the skim close to useless.There is NO JUSTIFICATION for anyone to have access to "belly of the beast" pool info unless ALL players can have it.
Mike
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