tag:blogger.com,1999:blog-4684463172854959042.post7132999042047019408..comments2024-02-27T17:43:37.207-05:00Comments on View From the Racetrack Grandstand: Levy Overflow, Tote Fiasco, Kaplan SpeaksThat Blog Guyhttp://www.blogger.com/profile/15487597769210721585noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4684463172854959042.post-6699319217471278142010-03-24T18:56:39.358-04:002010-03-24T18:56:39.358-04:00Let's talk about the Tote System failure at No...Let's talk about the Tote System failure at Northlands. The key data points are all known based on the article as follows : <br /><br />A total of $13,783 was bet on the race ... There was $2,052 bet in the win pool, $967 to place, $686 to show, $1,890 in exactors, $4,167 on the superfecta and $4,021 on the triactor.<br /><br />The near latest odds surely appeared on the tote board, so the rough allocation of the money in the pools is nearly known. So, at the end of the day, what exactly was the problem with this calculation?<br /><br />What is really sad here is that the liability was at most $13,783 less the withholding rates ... so, why would the racetrack not have calculated the prices manually? This tells us that the pool data itself was somehow corrupted and that compromises the entire parimutuel system.<br /><br />AmTote has many more questions to answer here.Scott Jeffreysnoreply@blogger.com