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Potential HUGE Betting Scandal - BC pick 6 inquiry launched
Daily Racing Form ^ | Oct 28, 2002 | MATT HEGARTY

Posted on 10/28/2002 3:48:18 PM PST by ml/nj

BC pick 6 inquiry launched
By MATT HEGARTY
The New York State Racing and Wagering Board has launched a formal inquiry into winning Breeders' Cup Pick 6 bets placed through Catskill Off-Track Betting Corporation, board officials said Monday. One bettor, making telephone wagers through Catskill OTB's account wagering service, bought all six winning tickets on the Breeders' Cup pick 6, according to board officials. Each winning ticket was worth $428,392 plus consolation payoffs for selecting five winners. The total value of the tickets is well more than $2.5 million. It was not immediately clear whether any of the tickets have been cashed.

According to several officials, the winning wagers were included on one ticket that picked only one horse in each of the first four races of the Pick 6 sequence at Arlington Park on Saturday, including two longshots, and then used the entire fields in the last two races.

"It is an unusual circumstance that you would want to look at no matter where it happened," said Stacy Clifford, a spokeswoman for the New York Racing and Wagering Board. "We're looking at the entire situation."

Tim Smith, the commissioner of the National Thoroughbred Racing Association, and D.G. Van Clief, the president of Breeders' Cup, co-signed a letter sent to the New York State Racing and Wagering Board on Monday requesting an investigation into the wager.

The two groups jointly operate the Breeders' Cup program, including all wagering.

"We request your immediate attention in this matter and offer our full assistance in the investigation," the letter said.

According to officials, the investigation will focus on whether the bettor was able to past post his wagers, or submit his wagers after the running of one or more Breeders' Cup races.

Donald Groth, the chairman of Catskill OTB, which is in upstate New York, said that the winning bettor is a 29-year-old Maryland resident who placed the wagers by phone. The bettor has requested anonymity, Groth said. He said that "there is nothing to indicate that this was anything but a very good day for our customer."

"I know why you're suspicious, but that's not my job," Groth said. "I'm familiar enough with the customer that I believe this is legitimate."

Groth said that he has personally checked the time stamps for the telephone calls in which the pick six wagers were placed. "They were all placed beforehand," he said.

Investigators, however, said they believed the tickets were not submitted until after the Juvenile was run at 3:25 p.m. Central time. Pick 6 wagers were required to be placed before the fifth race, which went off at 1:37 p.m. Central time.

The winner of the first leg of the pick six, the Mile, was Domedriver, who paid $54. The second leg, the Sprint, was won by the favorite, Orientate ($7.40), and the third leg, the Filly and Mare Turf, was won by Starine, who paid $28.40. The winner of the fourth leg, the Juvenile, was Vindication, who paid $10.20.

The pick six was filled out by High Chapparal, the 9-10 favorite in the Turf, and longshot Volponi, who paid $89 as the longest shot on the board and highest priced winner of the day.


TOPICS: Crime/Corruption; News/Current Events
KEYWORDS: bettingscandal; computerfraud; horseracing
I was quite surprised that there were six winning tickets sold on the BC Pick-6 (because there were three longshots that were required for the winning combination). It is much more shocking to find out that the same guy holds all six.

I wonder if there has ever been a payoff of $10,000 or more on any type of bet where one person held more than one winning ticket.

ML/NJ

1 posted on 10/28/2002 3:48:18 PM PST by ml/nj
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To: ml/nj
Was this the recent race where the 40-1 longshot won?
2 posted on 10/28/2002 3:50:32 PM PST by rdb3
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To: ml/nj
What are these people thinking that try and post remarkable gains like this? If the guy wasn't greedy and instead made $500k instead of $2.5M he might of gotten away with it.
Pick 6 means that they pick 6 winners throughout the day, right? Can you pick those as you go along? He probably did the same for the other 5 races.
3 posted on 10/28/2002 3:57:39 PM PST by lelio
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To: ml/nj
So what if he bought 6 tickets. Maybe he made a bunch of smaller bets instead of one big one. Sounds like someone is just trying to get out of paying a huge payoff.
4 posted on 10/28/2002 4:08:46 PM PST by Crispy
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To: lelio
People who win these sort of bets often bet on thousands of combinations of horses for the same race. His real ROI may not be as high as it seems.
5 posted on 10/28/2002 4:21:23 PM PST by SicTransitGloriaMundi
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To: rdb3
Was this the recent race where the 40-1 longshot won?

Yes. Saturday.

ML/NJ

6 posted on 10/28/2002 4:24:20 PM PST by ml/nj
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To: lelio
What are these people thinking that try and post remarkable gains like this? If the guy wasn't greedy and instead made $500k instead of $2.5M he might of gotten away with it.

You're right. But he was probably done in by the longshot in the last race. I'm not sure what the payout would have if a top choice had won, but under 10K, I don't think having multiple tickets would have drawn much attention.

Pick 6 means that they pick 6 winners throughout the day, right? Can you pick those as you go along? He probably did the same for the other 5 races.

For the Pick-6, you have to make all your selections before the first of the six races is run.

ML/NJ

7 posted on 10/28/2002 4:32:00 PM PST by ml/nj
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To: SicTransitGloriaMundi
People who win these sort of bets often bet on thousands of combinations of horses for the same race. His real ROI may not be as high as it seems.

According to the article he bet 96 combinations, 1x1x1x1x1x8x12, not thousands. Each combination cost $2 and he had each one six times. That's an "investment" of $1152. The article says his tickets are worth $2.5 mil.

That's a pretty good ROI.

ML/NJ

8 posted on 10/28/2002 4:37:07 PM PST by ml/nj
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To: ml/nj
Yes, but how many times has he done that and lost?
9 posted on 10/28/2002 11:51:55 PM PST by altair
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To: altair
Yes, but how many times has he done that and lost?

I don't think you get it. If you get to be after the races are over, you get to control how many losers you have.

It's actually quite obvious now that the guy made the bet before any of the races were run, but that he was able to change his selections on the first four races to match the winning horses.

He's told stupid lies, like that he made a mistake entering his bet and wasn't able to correct it. (I guess he missed the verification step when the system told him the total amount of his bet or he could tell the difference between 192 and 1152.)

ML/NJ

10 posted on 10/29/2002 6:42:23 PM PST by ml/nj
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To: ml/nj; rdb3; Crispy; SicTransitGloriaMundi; altair
It was a scam. From slashdot.org comes this NY Times article.
Employee of Autotote, the company that runs the system for 65% of the bets on racing in North America, figured out how to game the system. He went to Drexel with the person that held the winning Pick 6 tickets.
The winner bought tickets with the winners in the first 4 races and then every combination of winners in the last two. This cost him $192 a race, or $1152 total for 6 tickets of the same outcome.
What I'm guessing is that the inside man knew how to fake the timestamps on ticket purchases and bought them all after the 4th race.
11 posted on 11/01/2002 2:10:11 PM PST by lelio
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To: lelio
O.K. I stand corrected.
12 posted on 11/04/2002 7:42:53 PM PST by altair
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