Surveillance of Parimutuel Wagering Integrity

[zerosky]

Came across this paper, it has some interesting information on Pool monitoring using AI. Including this little gem:

Pool Arbitrage. MonitorPlus discovered a computer
assisted wagering source that utilised pool arbitrage. That
wagering source produced a net rate of return of $1.50 per
each $1 wagered over 30+ consecutive racing days.

https://www.aaai.org/ocs/index.php/I...aper/view/1544

[jay68802]

And......

[zerosky]

Originally Posted by jay68802

And......

Not sure what you mean, posted it for general interest.

[lamboguy]

i don't know who the author's are of this, but i can tell you is they have it dead right.

you must get your heads around the fact that the CAW is involved in every parimutel pool that they are granted access to, and they are on the other side of your bets most of the time with better access to the pools and information than what you have.

[Gorrex]

They are in every pool period. You cannot block them, it's impossible. If you block the direct sources they simply go through other avenues and can\do run numerous non "CAW" accounts to cover those gaps. I don't care what anyone does about it, the only way to fully prevent is stop accept bets. Better to allow it in the open so it can be properly tracked.


As for access to pools and data..


Data yes but they pay through the nose for that.

Pools... Not really, they still get pool updates at the same time as everyone else, they just have computers reading it instead of humans. It's not the access but the method of consumption. Again though no need for special access to get that you can write scrappers to pull from sites at any time and it's largely unstoppable. You can win battles... But the war... Not so much.

[Dave Schwartz]

What I gathered was that they are identifying race fixed races during the betting process that indicates collusion between key participants such as jockeys, jockey agents, trainers, etc.

It is not about CAW in the general sense.

[Clocker]

For those like myself not familiar with the term, CAW is computer-assisted wagering.


https://www.bloodhorse.com/horse-rac...stry-landscape

[Gorrex]

Yes, the race fixing part could be interesting. Is this even in use anywhere now? Much of what the paper referencs are dead projects. I had not heard of the subject of the paper tho...

[lamboguy]

Originally Posted by Gorrex

Yes, the race fixing part could be interesting. Is this even in use anywhere now? Much of what the paper referencs are dead projects. I had not heard of the subject of the paper tho...

do you offer CAW hookups, and if so how much does the user pay to get this hookup?

[Gorrex]

Every user of our system has the exact same access. We don't offer anything special to anyone.

[Parkview_Pirate]

The paper reads like a product, in search of a customer.

I'm always suspicious of "white papers" that include multiple <positive> references to a specific product, surrounded by vague references and non-technical opinions. Simply because the authors hijacked the format of a technical paper (apparently presented at a conference) hardly lends any more credibility to the subject. You get the same quality of material by purchasing "Fast Looie's Winners" tipsheet while entering Oaklawn Park.

/sarcasm_on
Besides, who needs to worry about integrity in horse racing? We have the TRA, the Thoroughbred Racing Protective Bureau, and racetracks everywhere covering our backs....
/sarcasm_off

[bob60566]

Originally Posted by lamboguy

i don't know who the author's are of this, but i can tell you is they have it dead right.

you must get your heads around the fact that the CAW is involved in every parimutel pool that they are granted access to, and they are on the other side of your bets most of the time with better access to the pools and information than what you have.

Have to agree and maybe they have trainers and jocks agents on a retainer that would make sense for some real information on laying large bets,

Last night got ready bet horse at the Mount 7/2 Five minutes to post next minute 2/1 race goes off final odds 4/5. lol.

They have the information and power.

[zerosky]

Originally Posted by Parkview_Pirate

The paper reads like a product, in search of a customer.

I'm always suspicious of "white papers" that include multiple <positive> references to a specific product, surrounded by vague references and non-technical opinions. Simply because the authors hijacked the format of a technical paper (apparently presented at a conference) hardly lends any more credibility to the subject. You get the same quality of material by purchasing "Fast Looie's Winners" tipsheet while entering Oaklawn Park.

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)."

[BCOURTNEY]

Originally Posted by Gorrex

They are in every pool period. You cannot block them, it's impossible. If you block the direct sources they simply go through other avenues and can\do run numerous non "CAW" accounts to cover those gaps. I don't care what anyone does about it, the only way to fully prevent is stop accept bets. Better to allow it in the open so it can be properly tracked.


As for access to pools and data..


Data yes but they pay through the nose for that.

Pools... Not really, they still get pool updates at the same time as everyone else, they just have computers reading it instead of humans. It's not the access but the method of consumption. Again though no need for special access to get that you can write scrappers to pull from sites at any time and it's largely unstoppable. You can win battles... But the war... Not so much.

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

[Suff]

Originally Posted by Gorrex

You can win battles... But the war... Not so much.

Wouldn't the fact that they bet huge amounts be a party? Why is it a battle?