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This is interesting. More questions. (from someone who obviously doesn't know about this stuff) > The track exists, more or less, because of betting, and not j
by justin66 3y ago
This is interesting. More questions. (from someone who obviously doesn't know about this stuff)
> The track exists, more or less, because of betting, and not just at the track.
Does the track hosting the race get a cut of OTB operations or sell bookies who are working remotely a data feed? So what we're really talking about is the track's CCTV having to compete with some random person's cell phone video or drone video, all of which might be streaming to a casino in Vegas or something?
It seems like that Vegas casino which is hosting gamblers and taking bets also has an incentive to kick somebody out if they see that they're looking at a remote data stream and placing bets, rather than looking at the casino's televisions or whatever. Does that happen?
>> Rather than surveilling the track for violators, can't they stop taking bets prior to the start of the race?
> Well, that would make them less money.
This is the part I don't get. If people are betting in real time during the race, isn't the human bookie a terrible bottleneck in the observe race/adjust odds/take new bets loop the bookie is engaged in? (even if he's just pushing a few buttons on a computer as quickly as possible) I can see how people would want to game this system.