Re: Computer-Robotic Wagering (1072 Views)
Posted by:
Mathcapper (IP Logged)
Date: November 21, 2015 09:28PM
The 2% figure was an off-the-cuff number Bill used in response to a question about what effect he felt computer teams' winning had on the general public. Yes, overall, after everything is netted out.
I agree, the late money betdowns are much more than that, but they're only betting the horse's they see as overlays, so yeah, if you happen to have identified that same horse as an overlay and bet on it, it's a much bigger effect in that particular instance.
As far as past-posting, I haven't seen any evidence of it either. I did a real-time study not too long ago and posted on this board that I ended up discontinuing it because almost all the movements I was seeing were simply the odds converging into line with the odds in the Will Pays.
Still, I'm always on the lookout, but even with horses that stumble badly out of the gate, I'm not seeing evidence of canceled bets either.
That's not to say it isn't going on. A shrewd swindler could make a very good living popping as little as $100 win bets on early leaders virtually undetected if he has consistent access to the pools.