Last night, unable to find anything interesting on TV on 800 channels, I watched a few minutes of the horse racing channel. I am not a big horse racing guy, so maybe it was just total sports withdraw setting in.
So I got to thinking about the difference between horse racing and sports betting regarding the odds you get.
Sportsbetting you get the odds at the time you place the bet where as horse racing you get the odds based on when the event (race) goes off. This means that you can bet a 4-1 horse only to have some whale dump big money at the last second knocking your bet to even money or less.
Just imagine with sportsbetting, you bet say the Eagles at +7.5, only to have the odds change and by game time you have the Eagles +2.5. Nobody would stand for that. The odds are set by the amount of wagers at the time the wager is placed, so why does horseracing change your odds based on wagered placed after your wager? It doesn't make sense to me and it surely doesn't make sense that two almost identical things horse racing and sportsbetting are handled completely differently.
Any thoughts?