Re: Computer-Robotic Wagering (1222 Views)
Posted by:
jbelfior (IP Logged)
Date: November 18, 2015 11:00AM
Found this interesting within the discussion section below. The part that struck me the most was his comment on the game being "very difficult, if not mathematically impossible to beat."
[b]I've personally met the biggest (arguably) of the CRW originators. I spent about 30 minutes talking with him. He's made hundreds of millions of dollars going back to when he first conceived of the idea. Super nice guy. Very interesting conversation. I was fascinated in listening to him discuss his operation. I can tell you the following anecdotes (beyond a shadow of a doubt) - since he made two things very clear to me. First: he would not be in the CRW business if it weren't for the rebates. He told me that anyone who doesn't seek a rebate is essentially foolish because it is very difficult (if not mathematically impossible) to turn a profit over the long term. So the rebate is the KEY to this issue (if you believe it is indeed an issue). Second: he was very clear that he didn't know a thing about horse racing. I tried discussing certain horses, even champions like Zenyatta, and he knew literally nothing. It is purely a math problem to this person. He is only looking for the positive expectation on the bet. While I was fascinated by the discussion, this realization made me sad. While I love handicapping and betting, I also love the stories within the game. I love reading Haskin and listening to Byk which adds so much more to the handicapping puzzle and dreams of a big score. I love going to the track. Love the buzz of the big event weekends. So, whether or not you think CRWs are a bad thing, make no mistake about it....the drivers are the rebate and most likely, these folks have no interest in the game...only in making money (which may or may not be horrible in your opinion). Just thought I'd throw out my personal experience as it was relevant to the article at hand. Great discussion.[/b][i][/i]
Good Luck,
Joe B.