3rd September 2015, 03:05 PM
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Member
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Join Date: Nov 2013
Posts: 323
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Quote:
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Originally Posted by FredTheMug
I imagine that only the corporate that runs the tote can do it after it's closed, which would give their fixed odds business a big advantage. I have heard that the TAB let their most special customer do it as well. I have also heard a story about a phone operator making a mistake and then correcting it while the race was in play.
That's all just unsubstantiated rumours.
One thing I know for sure is that after they close there is a delay while all of the money from the co-mingled pools comes in, which definitely accounts for some of the price movement.
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No one, including bookmakers, can bet after tote has closed. I was told:
Bookmakers can process thousands of transactions per second into the tote and therefore by the nature of systems some are accepted 1-2 seconds after jump, but they were delivered before the jump so there's no edge. That's why you see something jump at $3.30 on a Saturday but it shows up $3.10 when the race finishes, it's just the TAB systems catching up.
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