Speak to most in racing, they will tell you that the tote system is just fine. However, as players, we tend to disagree. Time and time again, it seems we live it, while others speak about it.
We were alerted today to the third at Finger Lakes. At post time, the odds flashed 6-1 on the four horse in the third race, Cat's Playmate. The gate sprung open and Cat's Playmate left with the pack, but stumbled right after the start, unseating the rider.
Over the next half minute, the odds on Cat's Playmate, sans rider, went from 6-1 to 8-1 to 12-1.
Can anyone in racing tell us, when looking at this, that everything in the pari-mutuel system is fine?
When horseplayers ask racing for fixed odds betting, which is available in places like Australia through tote companies and betfair, we are not just whistling dixie. We are asking because our system has a severe problem.