Re: Computer-Robotic Wagering (912 Views)
Posted by:
TempletonPeck (IP Logged)
Date: November 19, 2015 10:20AM
Because of the pari-mutuel system of wagering, racetracks can't give you fixed odds on horses because they may not have enough to pay off all the bets that get made. That's why the odds rise and fall as others make their bets.
If you want fixed odds, you need bookies. Go to a track in England or Ireland, and you will have your choice of at least 4 or 5 bookies, even at the tiny tracks.
At those tracks there is a relatively small amount of pari-mutuel wagering, most money is bet with the bookies.