2016 BC Classic 1 1/4 on dirt

[Jeebs]

Originally Posted by Tim Y

Wagers SHOULD be based on CLOSING ODDS, at least that is the way I have played the game since the middle 70's.

Just came into this thread, and this is a bit of a misleading comment. Wagers SHOULD be based on the odds as close to gate load as possible, as the closing odds become final as the race is in progress. Since we can't "lock in" our bets during the actual running of a race, this is the best we can do. This is why value boys like Meadow, Mitchell, etc., preach demanding a premium on your acceptable odds, so that you're not as impacted by the final tote swing than you would if you didn't demand a premium. Of course, a horse could be outside of the acceptable odds/premium odds range as they are loading, and might go off above the premium... it happens. Again, until fixed odds betting becomes prevalent in the North American racing game, there are going to be times where late tote action torches us.