Quote:
Originally Posted by racenarios
Totally agree. It would be an unfair advantage, but the equivalent is SOP in the stock mkt - it's called "HFT." Read "Flash Boys" by Michael Lewis. The big players bid among themselves for the fastest "real time" access to the flow of transactions, often buying license to co-locate within the exchange bldg in order to beat their competition to a guaranteed arbitrage opportunity by a few nanoseconds. The exchanges are anxious to cooperate with their whales and apparently dont mind screwing the public in the process. As in any other endeavor, $money talks; if it happens on Wall Street, it could happen at the OTB hubs as well...
|
Technically, that kind of arrangement is available in horse racing but all it does is get you the same information that the public gets a few seconds earlier.
To be clear, it doesn't get you more frequent updates. It just gets you the updates a little fast. And it is crazy expensive. Of course, if you are betting THAT kind of money, the ADW will work the cost into your "arrangement."
It does allow you to WAGER faster, but before people get all bent out of shape over that, one must honestly ask themselves,
"Is having to bet when the 1st horse enters the gate vs. when the next-to-last horse enters what is causing you to lose?"
I think not.
Dave
