pool manipulation

With what feels like the culmination from years of mounting pressure, the volcano of opprobrium over Computer Assisted Wagering (CAW) erupted this summer, spilling all over the industry. 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-sometimes leading to extreme late odds changes-as well as the attractive rates and rebates offered to them which are unavailable...

A month ago, the Thoroughbred Idea Foundation (TIF), a think tank that uses independent research to try and drive changes in the sport, brought to light an example of what it said was brazen quinella pari-mutuel pool manipulation at Gulfstream Park. The scheme was apparently designed to jack up the odds the manipulator would receive on winning bets placed with non-pari-mutuel offshore bookies that paid on-track prices. On Wednesday, Pat Cummings, the TIF's executive director, told an audience at the Global Symposium on Racing hosted by the University of Arizona...