The bloodhorse blog has a very interesting post by Fred Pope. He proposes a unified tote system. I’m not sure if I like all of the implications of that proposal. But, what’s significant is that there is a recognition of the issue of bettor confidence in the thoroughbred parimutuel racing.
Here’s an excerpt from the article dealing with that:
The Problem
We have a similar problem with our totes, which process wagers. The totalizator network consists of three private companies that do not seem to work well with each other. One example is called “past-posting,” where bets continue to be made after the races start.
If the integrity of the wager is in question, bettors quit. The tracks say past-posting may be fixed in a couple years, although compliance will be optional. But even if that problem is solved, the downward trend in racing gives private tote companies little incentive to invest in new technology. That’s a problem when technology is moving so fast.
For the rest of the article: http://cs.bloodhorse.com/blogs/industry-voices/archive/2011/03/16/a-tote-wagering-system-for-everyone.aspx
Posted via email from Michael Pizzolla On ValueCapping™, Horse Racing, And Technology
