This is relevant and worthy. It indicates that Whale's account for ~18% of all monies bet, and the intelligent dollars wagered ,has doubled in the last 7 years.
$1.6-$1.9 Billion dollars a year being bet by CAWs ( whales )
Quote:
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The highest rebates in the racing industry are currently reserved for the operators of computerized robotic wagering systems, which are sophisticated suites of software that analyze racing pools and then use direct links to the sport’s bet-processing networks to dump hundreds of bets into the pools at the last minute, a practice that can sometimes be responsible for large fluctuations in odds that show up after the starting gates have opened. According to the McKinsey analysis, the robotic systems now account for 16 percent to 19 percent of the roughly $11 billion in annual wagering on racing, double what McKinsey estimated as the market share of the programs in 2011.
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https://www.drf.com/news/jockey-club...g-small-tracks
