Bizarre betting pattern at Thistledown under investigation
Officials are investigating a number of last minute bets made on the fifth race Monday at Thistledown, reports the Daily Racing Form. The bets drove the odds of one horse up from 1-5 to 5-1 making him the longest shot on the board. The horse, Eye Look the Part, went on to win by more than 16 lengths and paid $12.80. The last cycle of bets on the race had a total of $90,000 wagered. The total mutuel pool for the race was $128,010. The pool for a normal race at Thistledown is typically $9,000.
The transactions that are the focus of the investigation came from two separate off-track Betting sites. At one, $7,000 win bets were placed on every horse but Eye Look the Part. At the other site, $8,000 win bets were placed on every horse but Eye Look the Part.
According to the Daily Racing Form, “a likely explanation is that the bettor or bettors who targeted all the horses but the favorite were attempting to drive up the price on Eye Look the Part in order to cash bets at non-pari-mutuel off-shore books that pay off at track odds.”