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max
24 Feb 15 10:48
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Date Joined: 29 Jun 01
| Topic/replies: 54 | Blogger: max's blog
OR CAN THE BOOKMAKERS DECIDE WHATS GOING TO WIN

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Replies: 23
By:
Breedingmad
When: 24 Feb 15 12:42
Their is no script when commentators describe the race that's all I know..
By:
longbridge
When: 24 Feb 15 12:47
Why bother fixing it?  It's the same as people who are convinced online/machine roulette is fixed; why do that when a completely honest Random Number Generator will give you 2.7% margin day in day out.
By:
age 21
When: 24 Feb 15 12:49
they know which ones are fit.
By:
the dealer
When: 24 Feb 15 13:07
careful longbridge, a sensible post on here Grin
By:
breadnbutter
When: 24 Feb 15 13:53
why would anyone back a short priced fav if it was completely random ?

no ..that cant be correct ,the fav must be given a higher percentage chance in the selection process of the winner ,kind of like reels in a fruit machine ,the fav must have more spots on the reels imo

remember reading on here  the percentage of  favs running 2nd at the cartoons  was very highest across all racing ,was a few years ago
By:
breadnbutter
When: 24 Feb 15 13:54
*was the highest
By:
the dealer
When: 24 Feb 15 13:55
its a numbers draw bnb, the fav the most, next in the betting the second most, down to the outsiders having the least. they make the draw then make the race
By:
acey deucy
When: 24 Feb 15 13:59
The non triers always carry there whip in the left hand.Wink
By:
longbridge
When: 24 Feb 15 20:20
Being completely random doesn't men there isn't a favourite, just means it's not directed what wins.

Say for instance you give each horses an average speed and a standard deviation to describe how broadly distributed his actual speeds are around the average.  Then every second you fire a random number generator at those normal distributions and move each horse forward by the appropriate distance.  Yes, it's completely random in the sense of the OPs question, but the short-priced favourite's winning chances will reflect his odds.

Someone was telling me that shop customers like virtual horses as a filler between real horseraces as it's perceived as being more honest than dogs, which is the alternative.
By:
breadnbutter
When: 24 Feb 15 20:48
When we then asked why they were able to offer odds of 3-1 on a horse in a 12-horse field, the startling answer was that they were giving the chosen horses a 20 per cent loading of having a better chance. The bookmakers were thereby admitting that they were lying; they were intercepting the system. One would expect in those circumstances to see the incidence of winning favourites to match the 20 per cent or so which applies to live, breathing racehorses in proper races. In fact, it comes out at 16 per cent; that is, nearly four points below the average for living racehorses. It is even more remarkable that the clear favourite, if it is winning only 16 per cent of the races, is coming second in 17 or 18 per cent of them. God forbid that I should be accused of being a cynic, but if I were, I would say that the bookmakers are getting it both ways. They are encouraging bets to be laid and then avoiding the necessity of having to pay out on the horse that is the favourite because the software system is in some way stopping it winning. That is as much a corrupt process as slipping dope to a horse or getting a jockey to pull it. What on earth are the bookmakers doing ?

lifted this from  here    http://www.bettingmarket.com/fobts.html

cant find the article that had the statistical analyse of the  virtual  racing  results ,it made it pretty  clear the favs have a poor record and come 2nd more than anywhere else ,of course all completely random .
By:
Send.in.the.clowns
When: 24 Feb 15 20:50
some coont did stats on em.
By:
breadnbutter
When: 24 Feb 15 20:59
to prove they were  b e n t   yes
By:
max
When: 24 Feb 15 22:35
what I mean to say if the bookmakers sees there is lots of money going on one horse can they decide what horse is going to win the race in these computer races
By:
the dealer
When: 24 Feb 15 22:46
max, no they cant, although im sure some will have a different opinion
By:
breadnbutter
When: 24 Feb 15 22:51
the shills are out Grin
By:
age 21
When: 25 Feb 15 03:44
the stewards at these virtual races are a joke, never seen one get thrown out yet.
By:
pandora1963
When: 25 Feb 15 13:15
there used to be virtual racing on betfair
By:
Send.in.the.clowns
When: 25 Feb 15 13:34
shame they are not b e n t can get a fair bet.
By:
iamajambo
When: 25 Feb 15 13:49
It cannot be wholly random as you would eventually win by backing the absolute 'outsider'in every race.There has to be a quota system for each price range to give the bookies their percentage.
By:
longbridge
When: 25 Feb 15 14:54
People are confusing "random" with "giving every horse an equal chance" - the two aren't the same - see my post above for one way of doing it.
By:
Daryl Revok
When: 25 Feb 15 14:57
How many cartoon hosses named after East Enders characters got short headed last week, you think that's coincidence?
By:
longbridge
When: 25 Feb 15 14:57
Oh, and BF do have Virtual Racing

https://www.betfair.com/sport/virtual-sports

Counts as Games, which I've self-excluded from so can't express an opinion if it's any good or not.
By:
ProSniper
When: 25 Feb 15 18:13
Jollies or long shots, I've come up with a winning system that returns between £50-500 a day :) Naturally I won't be divulging it, as it would soon break down if it became widely known and many started following it...
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