10/08/2013 4:07PM

Thoroughbred Racing Protective Bureau reports past-posting incident


LEXINGTON, Ky. – Eleven win and exacta bets were made on an unidentified race three weeks ago after the race had already been run, the Thoroughbred Racing Protective Bureau’s director of wagering analysis disclosed Tuesday during a presentation at the Simulcasting Conference here.

J. Curtis Linnell, the bureau’s top wagering security official, said after the presentation that the incident was known to the authorities and that the state racing commission and host track are conducting an investigation. When asked, he would not disclose the identity of the track where the race was held but said it was a Thoroughbred track.

The wagers were able to be placed on the race after it had already been run because a single site in the track’s simulcast network did not recognize the stop-betting command that was issued after the race started, Linnell said. Because the wagers were counted in the pool, they depressed the legitimate win and exacta payouts for the race. A person with knowledge of the late bets made a call to the Thoroughbred Racing Protective Bureau to report them, Linnell said.

The incident is sure to provide fodder for critics who, citing fluctuating odds during the running of a race, contend that past-posting is widespread in racing. Linnell said that such incidents “do occur,” but that they are extremely rare, and, because of security protocols put in place over the last five years, they are almost always detected because of automatic signals generated through the bureau’s auditing software.

Linnell said that when the investigation is complete, the identity of the track will be released.

Linnell mentioned the incident at the beginning of a presentation on a new tote security initiative that is being developed by the bureau and that has been funded by the tracks within the Thoroughbred Racing Associations, which administers the Simulcasting Conference. Linnell had said that the incident three weeks ago would have been averted under the new system’s protocol for issuing stop-betting commands.

The new security protocols will be tested in a live-operating environment beginning in November, Linnell said during the presentation. The tracks and simulcast sites that have agreed to participate in the project will begin to be added into the system in early 2014, Linnell said. There are 41 members of the TRA, which includes most of the United States’s most prominent tracks.

But the cost to participate in the network has already become an issue, with operators of several small sites complaining at the conference that the $950 monthly cost was too heavy a price to pay, especially considering that every licensed business that takes a bet will be assessed the same cost, regardless of size. For example, a small greyhound track in Florida that takes Thoroughbred signals will be assessed $950 each month, as will the mammoth New York Racing Association.

“That’s just not fair,” an unidentified parimutuel operator complained to Linnell from the audience.

The new system also will calculate updated win odds to the 10th decimal place at 2-second intervals, Linnell said. That should lead to less dramatic late-odds fluctuations, which are many times caused by enormous batched bets made by computerized robotic wagering systems. The odds will be updated every 2 seconds for at least 10 seconds prior to post, with the odds updated on 10-second intervals in the last 2 minutes.

The rapid odds updates will be limited to the win pool when the system is ready for implementation, Linnell said. The updating protocols will then be gradually applied to other pools, with the exacta pool most immediately in line.

ArginMayo More than 1 year ago
I see odds change all the time way after the gate has opened and horses are running. They tell you it's because late money. The know the public will believe anything because they have been treating the public like junk for ages and certain gamblers keep coming back handing over their money to low odds, high takeout and drugged up horses. Glad, the sport is dying. It;s been run into the ground. You see on the news hackers hacking into top secret stuff and places. I'm sure a horse racing betting site is not that hard to them. Ha
Rascal Rivetts More than 1 year ago
Simple. Don't play this past it's time game. There's a reason they have been on a decline for 20 yrs or so.
Jeff More than 1 year ago
Extremely rare what is this guy kidding. Proper oversight would produce "never". I also think the public is owed the details of what happened in each case of past posting. If documentation is available those victimized should be made whole.
Boyd Cord More than 1 year ago
the size of the Past Posting bets will tell you everything
Walter More than 1 year ago
What if odds are locked at a certain point? If a horse is 3-1 in the gate, that horse must pay 3-1 regardless if "late money" comes in. Tracks would lose if more money came in on that horse. This would certainly clean up any batch betting, open machines after 20 seconds, or any other improprieties by OTBs & simulcast outlets. If tracks started taking a hit, things would be rectified quickly. I'm pretty sure of that.
John More than 1 year ago
WHEN is racing going to wake up to this crime ? Way too many hackers can access this type of cheating and its way past time to close the windows as the horses begin to load, or even 2min prior to the race !
Frank Leverone More than 1 year ago
The phenomena of odds changing drastically after the start of a race is a real problem. Whether the cause is fair or foul, it is perceived as problem by the betting public. Like any other business, racetracks must identify perceived defects in their product, prioritize and solve them. They have known about this percieved problem for decades so, there is no possible excuse. Prioritizing the problem is the issue. THEY JUST DON'T CARE!!!!
mikey More than 1 year ago
With all sorts of shady people running OTB'S and betting sites this is the new normal.All the Mickey Mouse track's let anything go.Shady owner's of OTB'S get away with murder.This is the game today.The game we love has all kind of problems who need's this.
Chuck Seddio More than 1 year ago
VERY SIMPLE close wagering when the first horse enters the gate,this is widespread and happens every day,they will not report the track,race etc. . you would think after the pick 6 was past posted in the breeders cup, and that took a while to prove while carried out by amateurs to racing, racing would have got their act together but alas they have not. there are too many odd fluctuations during the running of a race to explain off, past posting is prevalent and racing does not seem equipped to handle it.
michael More than 1 year ago
The tracks want every penny they can get. They tried closing the betting off, but they lost too much handle in a minute or two as they load horses. They'll never do it again.
JoeyB More than 1 year ago
The reason the odds drop big time in the last 30 seconds is because some receiving tracks hold the simulcast money before putting it into the pools. Watch Laurel I've seen a horse go from 3-1 entering the gate to 4-5 when the gate opens. I was told that in Maryland they hold the simulcast money and then put it in when the last horse enters the gate. However, I don't really believe this goes on at least I hope not.
Steve Wilson More than 1 year ago
Joey, I had a similar experience at Keeneland several years ago. I made a good sized win bet on a race on the turf. When going into the gate, my horse was 3-1. By the time he took the lead on the clubhouse turn, he was suddenly 8/5. I got $5.40 on my horse who was 3-1 thirty seconds ago. I remarked to my friends who were there that even when I win, I lose. This simply cannot be an isolated incidence.
Five More than 1 year ago
Which, "simply cannot be an isolated incidence" ? You making a "good sized win bet" or you had a "win" ? You stated, it was "several years ago". A loooong time between drinks, eh. Yes, it was an isolated incident.
Steve Wilson More than 1 year ago
I meant the incident that the above story covers, Five. By the way, nice name since it captures your IQ, ballbag.