horse racing betting

Last November, Democratic Kentucky state representative Matt Lehman told the TDN he was considering legislative intervention in an effort to curb computer assisted wagering (CAW) play in the state to a more equitable standard for all players. The debate around CAW players typically surrounds the edge they wield over regular gamblers thanks to their use of sophisticated technologies that allow them to precisely read the markets and to place massive wagers across many pools in the final seconds of betting--which can lead to extreme late odds changes--as well as the...

Editor's note, by Dan Ross: Despite the New York Racing Association's efforts in recent years to limit Computer Assisted Wagering (CAW) participation in the Win, Late Pick Five, and Pick Six pools, the influence these teams exert in terms of last-cycle betting impacts appears to be growing in several other key pools, according to research conducted by economics professors Marshall Gramm and Nick McKinney, both of Rhodes College in Tennessee. Indeed, they found that since 2022, the percentage share from CAW players of monies wagered last-minute into the Exacta, Trifecta,...