fix in at louisiana downs

[terps1313]

Can someone explain this in as basic terms as possible?

 

[terps1313]

My definition of fix is the participants have some kind of hand in it? Fix seems to be the wrong word here

 

[terps1313]

daily double race 6 and 7.

anyone else get hit????

what do you mean get hit? How did this affect you?

 

[JudgeWapner]

Terps what they do is place bets at a track with a small handle, this changes the payout pools. Then they bet the horses the truely like at offshore places which don't effect the pools, Therefore they are able to manipulate the odds. The other day a daily double that should have probably paid about 15$, paid 70$.

 

[terps1313]

Terps what they do is place bets at a track with a small handle, this changes the payout pools. Then they bet the horses the truely like at offshore places which don't effect the pools, Therefore they are able to manipulate the odds. The other day a daily double that should have probably paid about 15$, paid 70$.

They don't effect the pools but the offshore site still pays what the daily double at the track pays?

 

[terps1313]

How could there be that significant of a difference in payout? These guys would have to be betting big at the track to influence an entire pool

 

[terps1313]

How would an average bettor be affected by this? If anything it should help no?

 

[TyBounce]

How could there be that significant of a difference in payout? These guys would have to be betting big at the track to influence an entire pool

It could be easily done if the track has a really low handle and the os bettor is betting big.

for easy math purposes , say the track has 5k in the daily double pool and there are 5 winning tickets , each ticket would pay 1k , so if you made a 100$ double bet off shore you dont effect the odds. ... but if you made that bet at the track there would now be 5100 in the pool with 55 winning tickets knocking the payout down to about 90 bucks.

...BUT , its still not a fool proof system as many times they will win the decoy bet at the track and lose their os bet , and many times they lose both.

 

[terps1313]

It could be easily done if the track has a really low handle and the os bettor is betting big.

for easy math purposes , say the track has 5k in the daily double pool and there are 5 winning tickets , each ticket would pay 1k , so if you made a 100$ double bet off shore you dont effect the odds. ... but if you made that bet at the track there would now be 5100 in the pool with 55 winning tickets knocking the payout down to about 90 bucks.

...BUT , its still not a fool proof system as many times they will win the decoy bet at the track and lose their os bet , and many times they lose both.

Thanks that helps a lot. I guess this would have to be done at a small track or by a person/team with a significant bankroll.

 

[NES]

bookmaker:

• 12. Attempted pool manipulation may cause your account to be closed and your outstanding balance to be immediately returned. Any winnings from such an attempt may be voided.

I stand corrected

 

[terps1313]

How would the book have any clue if you "manipulated" the pool? As far as they know you made a wager on their book?

 

[scrubs]

LAD quarter horse racing has miniscule pools. Less than $1000 in some d.d. pools. The pools could be manipulated w a small amount of money.

 

[scrubs]

How would the book have any clue if you "manipulated" the pool? As far as they know you made a wager on their book?

It doesn't say "you" have to manipulate the pools. It applies if anyone manipulates the pool.

 

[scrubs]

I dont know of any books that currently carry a rule that states that those types of bets wont be paid, potential suspension of account yes but not the revocation of funds.

have you checked the rules ?..bookmaker, cris and others have rules that allow them to void such bets

 

[NES]

have you checked the rules ?..bookmaker, cris and others have rules that allow them to void such bets

Two post up I posted "I stand corrected" regarding this

 

[Akillies]

been going on forever
likely the offshores dont pay them

 

[Bruins4Life]

Most offshore places have low max payouts on tracks with small pools. It's harder to manipulate at a place like Santa Anita, then say Penn National.

 

[MotorMouth]

In the movie THE GRIFTERS , Angelica Huston plays a character who works for a bookie that
takes horse bets.

The bookie pays track odds and takes a lot of longshot money.
Since this money doen not go into the pari mutual pool, there is
lots of liability if certain horses come in.

Her job is to go to the track and bet money on longshots so that the odds on
them get lowered and also it helps offset some of the losses should those longshots come in.

THis is related to what these pool manipulators do, except she was doing if FOR the bookmaker.

PS. This is a kick ass movie if you enjoys movies about conmen and gambling.

 

[jamesbong]

been going on forever
likely the offshores dont pay them

Exactly. And it seems these fools are not being too discreet about it. They probably thought they came up with an originally idea when it has been going on since the advent of non-parimutuel books.

 

[Jstack34]

In the movie THE GRIFTERS , Angelica Huston plays a character who works for a bookie that
takes horse bets.

The bookie pays track odds and takes a lot of longshot money.
Since this money doen not go into the pari mutual pool, there is
lots of liability if certain horses come in.

Her job is to go to the track and bet money on longshots so that the odds on
them get lowered and also it helps offset some of the losses should those longshots come in.

THis is related to what these pool manipulators do, except she was doing if FOR the bookmaker.

PS. This is a kick ass movie if you enjoys movies about conmen and gambling.

I never really understood what she was doing in at the movie. Pretty good movie