Death of the Tote Board-Part 1 by George Kaywood
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I hereby pronounce the death of
one of the serious handicapper's regular useful tools: the tote board.
A couple of months ago, while playing
tracks via simulcast at Horsemen's Park, I saw the odds of the horse I
bet drop about in half during the running of the race. More
recently, I saw a legitimate longshot drop from 30-1 to 10-1 while his
race was being run. You've undoubtedly also noticed this phenomenon, and
it's been going on a lot longer than just the past couple of months. For
me it has become a genuine annoyance at best and a detriment affecting
my wagering--and probably that of many other players--at worst
Think I'm whining? In a front-page
article in the Daily Racing Form on Monday, December 4, 2000, Andy
Beyer wrote an article titled From 12-1 to 5-5 in one flash of tote.
In the article, Andy tells the story of Holly Hill, a horse in the seventh
race at Laurel the preceding Friday, who went into the gate at 12-1 and
finished the race as the 6-5 favorite. Andy researched the details behind
this huge drop and learned that the $20,000 someone had bet on the 3-year-old
had been bet in Birmingham, AL, via Racing and Gaming Services (RGS), a
company on the island of St. Kitts. Birmingham Race Course takes its signal
from RGS.
The same bettor also bet $7,500 on
Incased in Gold in the same race. The odds went crazy. Silver Advantage,
the favorite, went from 9-5 to 4-1 in the last flash, and wound up winning
the race. The tracks that can absorb hits like this without much effect
on the betting pools can be counted on the fingers of one hand. Laurel
isn't one of them.
I asked a couple of people about
the last flash on the tote board, which usually seems to hit when the horses
are half to three-quarters of the way through most sprint races.
The first was the head mutuel clerk
at Horsemen's, a veteran mutuel clerk who knows her stuff from years of
experience. She explained that Omaha's off-track wagering facility is like
many others around the country. The money wagered is not sent directly
into each track's pool, but to a hub, a facility which receives the money
bet (electronically, of course) from HPO and a number of other similar
locations, and then passes it on to the track for which the wager is intended.
Presumably, this method provides an easy, smooth, and perhaps faster way
of many tracks to send their bets to the tracks for which they are intended.
But there doesn't seem to be a set
point at which that hub money is sent to the track, where it is added to
the pools. Dick Mitchell told me that it can take up to a minute for the
totals to go from a hub to a track. So in a 6-furlong sprint, maybe 11
or 12 seconds before the end of the race, you'll find out if the 3-1 horse
you bet will pay $8 or if enough was bet on him across the country to send
him down to 8-5 and become a bet that you would not have made, if you had
any indication that the odds would be driven down that far.
Is it legal? Sure. Is it fair? While
there may be several answers to that question, depending on your point
of view, fairness is not the issue here. The issue is the use of
the tote board as a tool for handicapping. There's no sense anymore
in waiting to bet in the last minute or as close to the last flash before
the race as possible, because you just don't know how much will be dumped
into the pools while the horses are running.
Why bother to track the odds from
opening to just before the race anymore? The very few well-researched methods
incorporating the tote board as a factor are for the most part now null
and void.
The only possible way to rectify
this situation, from a handicapper's point of view, would be to have a
continuous feeding of money very quickly after it is bet into a track's
pool which a player could track as if he were playing on-track in pre-simulcast
days.
Of course, you'd have to have a channel
(or picture-within-picture option) for each track at each simulcast location
for players to be able to view this information. Sure, you'd still have
the possibility of the last-minute plunger betting $20,000 on a Holly Hill.
But that's been with us since Day One of the tote board. This way at least
you'd be able to incorporate the tote board into your wagering as many
did before simulcasting became the dominant reality it is today in racing.
Technically, probably within the
next 5 years, my scenario could be a reality. But it likely never will
be. Racetrack management is the reason why it won't be. With few exceptions,
the attitude that fans are a necessary evil, that horses make the races
go instead of bettors, will make the investment of time and money it would
take to accomplish the right way to handle this tote situation
laughable in the eyes of most track managers. "Accommodating the player"
is a concept whose time may never come for most race tracks in the U.S.
What's the answer for now and the
forseeable future? Simple: picks your plays, project your selections' final
odds a point or two, and plan your wagers accordingly. More avid fans might
want to track the last-flash-before-the-race odds versus the actual closing
odds with the hub money added and see if there's a regular pattern that
applies to their tracks.
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