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A comment on When legal sports betting surges, so do Americans' financial problems. Parent comment

Re:When legal sports betting surges, so do Americans' financ... by jfengel on Saturday April 04, 2026 @03:58PM (#47642753)
You do have to be careful to avoid letting whales manipulate the perceived market. There are ways to con other gamblers with carefully timed bets.

The bigger the market the harder that is, so maybe it doesn't apply at the level of online sports betting. But organized crime could make trouble at horse tracks.

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Re:When legal sports betting surges, so do Americans' financ... by HWR_14 on Sunday April 05, 2026 @12:27AM (#47646110)
How would that work?
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Re:When legal sports betting surges, so do Americans' financ... by jfengel on Sunday April 05, 2026 @09:31AM (#47649268)
Lots of bets on horse A. Makes the odds on horse B look cheap. Place late bets on B.

It helps if you can also rig the race, but just knowing the odds better than the pari-mutuel stakes gives you an advantage.

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Re:When legal sports betting surges, so do Americans' financ... by HWR_14 on Sunday April 05, 2026 @01:43PM (#47651899)
But if it's parimutuel, don't you lost more on A than you can make on B? Are you tricking other players, or is the idea that you make lots of bets on A, and then make bets on B fast enough that the bookmaker does not have time to correct?
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