Surveillance of Parimutuel Wagering Integrity

[Gorrex]

I agree with you but for some reason many in this industry view it quite the opposite. Monitoring for manipulation is good but outright trying to block is futile and counterproductive.

[Parkview_Pirate]

Originally Posted by zerosky

according to the paper the product is already in use

"MonitorPlus is under contract to routinely monitor
parimutuel wagering at 11 thoroughbred and harness
racetracks and six Off Track Betting associations
(including New York State OTB)."

Good point. I should have phrased my comment something like, "...looking to expand its customer base....", as 11 tracks and six OTB associations is a fraction of racing's footprint.

I'm of the opinion that this "white paper" will be waved in front of management by proponents as bolstering the argument for purchasing and implementing this product, but I don't see the ROI for it. In a sector that's shrinking, adding cost to promote growth and public trust isn't such a bad idea, but methinks the bean counters will consider it a non-starter.

[Dave Schwartz]

Originally Posted by BCOURTNEY

What stops the security firms from snooping on the hot teams and betting with or against them? Who audits the auditors?

Because the gate is already open.

BTW, it is not whales doing this.

We're talking about fixes here.

[Suff]

Originally Posted by Gorrex

I agree with you but for some reason many in this industry view it quite the opposite. Monitoring for manipulation is good but outright trying to block is futile and counterproductive.

As go banks and as go lenders, I'd bet, probably, as goes the Parimutuel business. They follow the procedures and complete the paperwork required by law. After that,well.

[BCOURTNEY]

Originally Posted by Suff

As go banks and as go lenders, I'd bet, probably, as goes the Parimutuel business. They follow the procedures and complete the paperwork required by law. After that,well.

At least you have competitive market forces with parimutuel, regardless of source.

[showonly]

In my opinion, there should be a policy against the use of processing power to gain access and advantage of the pools. I am constantly concerned that someone could in the final seconds be accessing unplayed combinations in trifecta superfecta and one winner pools.