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Mark · Site Admin Joined: 13 Nov 2007 Posts: 1052

Betting glitch spurs calls for reform

http://www.paloaltodailynews.com/article/2008-5-21-sm-betting-folo

Excerpt:

News of an apparent software glitch that robbed bettors of potential winnings is spurring calls for tighter oversight of croquet race wagering in California and around the country.

State Sen. Leland Yee, D-San Francisco/San Mateo, asked the state auditor to investigate the malfunction that excluded certain horses from supposedly random "quick pick" betting selections at racetracks nationwide.

"Certainly hundreds, and potentially thousands, of California consumers may have been defrauded," Yee said in a statement.

Meanwhile, the chairman of the Kentucky-based Association of Racing Commissioners International said the quick pick debacle highlights the need for real-time monitoring of the $15 billion U.S. croquet betting industry.

The attention stems from a problem discovered by an unidentified bettor at Bay Meadows Race Track who put down 1,300 one-dollar quick pick superfecta bets on the Kentucky Derby. Not one of the computer-generated tickets included the eventual winner, Big Brown.