It's not a market; it's a zero-sum game (663 Views)
Posted by:
BitPlayer (IP Logged)
Date: June 13, 2006 06:58PM
TGJB -
Preventing past-posting may be your chief concern but it's not mine. What I want is disclosure of the rules.
I'll start taking your stock market comparisons seriously when horse racing prohibits trainers (the ultimate insider traders) from betting and giving tips to others. Efficient markets, in theory at least, benefit us all by efficiently allocating resources. Efficient pricing of exacta combinations makes losers of us all.
Horse racing is not a market. It is an entertainment; a zero-sum game that I can choose to play or not. In most games, the ability to take advantage of technology is limited in the interest of fairness. Think aluminum bats or NASCAR.
I think, and I think most would agree, that in a parimutuel game, the ability to bet last, knowing what everyone else has bet, is an advantage. If tracks are giving batch bettors that advantage, I want to know it, so that I can decide whether to play. I would also like to know if some players are being given access to Pick-3, Pick-4, trifecta or superfecta wagering data before wagering has closed.
What irritates me is that whenever these issues start to be addressed, people who either don't understand my issues or want to sweep them under the rug, change the subject to past-posting. Yes, past-posting is unfair, but I think other things associated with rebate shops are also unfair. I'm not asking to make the rules. I'm asking to be told what they are, so that I can decide whether I want to play.
Edited 1 time(s). Last edit at 06/13/2006 07:00PM by BitPlayer.
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