Computer-assisted betting article

[lone speed]

I came across this article from reading another horse-racing board... I'm sure that many are already aware of last-minute substantial wagers for some time now....

link: http://nypost.com/2016/05/02/tech-is...her-than-ever/

Some key quotes:

According to a recent article in the racing bible Blood-Horse magazine, syndicates composed of Ivy League-educated computer scientists, astute handicappers and seasoned money-movers “[make] thousands of wagers in an instant.” One area team leader tells The Post, “It’s just like Wall Street.

Unlike the rest of us, members of these tightly managed syndicates — reportedly around 21 in operation — bet only when they perceive advantages. Their software grinds though loads of data from past races to provide what’s hoped to be the true odds for each horse running. When the system finds value — say, if the track offers odds of 6–1 but the software says it should be 3–1 — they pounce with wagers

Blood-Horse reports that the teams wager a total of nearly $2 billion per year on various races and realize significant profits. This past March, according to an article in the magazine, computer-assisted players accounted for an estimated 15.9 percent to 20.2 percent of total racing money wagered in North America.