Computer Assisted Wagering...the anatomy of a deal.

[Grandstand Handicapper]

https://www.thoroughbreddailynews.com/computer-assisted-wagering-anatomy-of-a-deal/

FYI...

[Papillon]

Just a reminder that not all handle is good handle

Gural provides huge rebates to these CAWs--and when they handle $3 million--everyone thinks that is just great.

It isn't.

Rebates and CAWs have basically eliminated the middle man--a trend across all sectors in the USA these days.

The entire system is rigged for the rich to get richer, have access that the rest of us do not. These false high handles--especially in CA and NJ where slots don't fund purses seem to have fooled a lot of people.

[Bitter Truth]

 Knew of it, but not the details. Like it said in there, the tracks participating don't like to discuss it.
 You know Jeffie doesn't like to see that story. Reaching those thresholds to maintain subsidies
 with the use of this seems at the least shady, at the most detrimental to the bettors they claim
 to be catering to. I don't bet or watch them, aside from a couple of big days like Hambo. Nice
 posts from both you guys

[Yonkers1A]

I highly doubt the big CAW bettors wager on the buggy races, they are too smart to bet on the Carnies

[wizardofoz]

Do you invest in the stock market? No different. The little guy goes along for the ride as the corporations are the ones driving the sales of stocks which keeps the companies afloat every day.  $2.00 bettors are not keeping racing going these days. Increasing handles is what racing is all about. 

[Papillon]

Do you invest in the stock market? No different. The little guy goes along for the ride as the corporations are the ones driving the sales of stocks which keeps the companies afloat every day.  $2.00 bettors are not keeping racing going these days. Increasing handles is what racing is all about.

handle means little in harness racing as slots fund the purses

so increasing handles mean almost nothing

[Unclejerry]

been using AI for years in Betting, it's nothing new. Not going to make you rich....

[seen2much]

Does anyone know how much if any of the Meadowlands handle is from CAW?

[wizardofoz]

handle means little in harness racing as slots fund the purses

so increasing handles mean almost nothing

At non-casino tracks the handle is everything.

[In It Deep]

Just a reminder that not all handle is good handle

Gural provides huge rebates to these CAWs--and when they handle $3 million--everyone thinks that is just great.

It isn't.

Rebates and CAWs have basically eliminated the middle man--a trend across all sectors in the USA these days.

The entire system is rigged for the rich to get richer, have access that the rest of us do not. These false high handles--especially in CA and NJ where slots don't fund purses seem to have fooled a lot of people.

Your right on the money.  The optics of the handles are not what they seem.  As you pointed out more so in CA and NJ.

[Papillon]

At non-casino tracks the handle is everything.

California is the only  state  with non casino tracks

NJ subsidizes purses via legislation

all other tracks fund purses through gaming

another misconception is that bettors are betting into bigger pools which they think is a good thing-what they don't realize is that the bigger pools are full of CAWs, artificial intelligence assisted bets,pool analyses aided bets, and bets after the bell--all with monster rebates

so when the M1 handles $3 mil-many folks think that is good--but I would rather not bet into pools which use those tools to help make those bets--it is not a level playing field

to answer an earlier question--i would estimate that at least half of M1 handle is CAW/heavily rebate related

wake up people

[Papillon]

I highly doubt the big CAW bettors wager on the buggy races, they are too smart to bet on the Carnies

100% incorrect

they will bet  on anything they have an advantage

[Grandstand Handicapper]

Here's the precursor article...CAW 101...

https://www.thoroughbreddailynews.com/computer-assisted-wagering-101-for-california-stakeholders/

[onabrake]

California is the only  state  with non casino tracks

NJ subsidizes purses via legislation

all other tracks fund purses through gaming

another misconception is that bettors are betting into bigger pools which they think is a good thing-what they don't realize is that the bigger pools are full of CAWs, artificial intelligence assisted bets,pool analyses aided bets, and bets after the bell--all with monster rebates

so when the M1 handles $3 mil-many folks think that is good--but I would rather not bet into pools which use those tools to help make those bets--it is not a level playing field

to answer an earlier question--i would estimate that at least half of M1 handle is CAW/heavily rebate related

wake up people

All well said. You NEVER see an "out of line" payoff at M1 when the CAW handles are in play. The algorythm funneling of money into each and every pool, in every race, levels the playing field across the board and completely eliminates any so called advantage that a smart individual bettor may be able to take advantage of. Minus CAW cash the pools might be around 1.5 million for 14 races, at best. Gural and Settlenuts love to tout their pool sizes but fail to tell average bettors that these pools do not benefit them, by far.

[pocketrocketwinner]

All well said. You NEVER see an "out of line" payoff at M1 when the CAW handles are in play. The algorythm funneling of money into each and every pool, in every race, levels the playing field across the board and completely eliminates any so called advantage that a smart individual bettor may be able to take advantage of. Minus CAW cash the pools might be around 1.5 million for 14 races, at best. Gural and Settlenuts love to tout their pool sizes but fail to tell average bettors that these pools do not benefit them, by far.

The hope is that one day, operators like Gural will be forced to provide complete transparency to the public. Until then, huge hidden CAW play certainly would help with the continuation of the subsidy from the state