Question About NHRA Betting (1 Viewer)

wouldn't it depend on when the bet needs to be placed? not sure how betting works either. if i could bet on a driver to win the first round only, then
the fix will be in sooner than later, but if i could bet on a driver to win a race, then how do you fix 4 rounds?
how much is the juice with this new setup? anyone know?
 
wouldn't it depend on when the bet needs to be placed? not sure how betting works either. if i could bet on a driver to win the first round only, then
the fix will be in sooner than later, but if i could bet on a driver to win a race, then how do you fix 4 rounds?
how much is the juice with this new setup? anyone know?
Drivers would not be able to fix it so they win but they could fix it so they lose.

Bet on your opponent to win and then go up in smoke or redlight.

Or take a payoff from someone who bet heavily on your opponent.

I am assuming drag racing will be like other sports and let you bet during the event.
 
MY bet is they will be shocked to learn there is gambling going on.

I was reading an article last week about athletes in stick and ball sports getting death threats from gamblers upset that they lost their bets.
This is starting to sound like some kind of Hollywood Movie plot Conspiricy Theory. Compairing gambling on NHRA (or any other Drag Race) to Major Gambling events is a whole lot closer to betting on a BINGO game at your local Catholic Church than it is at the Super Bowl - the Kentucky Derby or the World Series. Who is going to pay anyone enough money to lose a round of Drag Racing that they have a better chance of losing than winning anyway. The closest thing to "Laying Down" in Drag Racing is probably Team Orders in the way of Smoking the tires or Red Light / being Late. Also with the coverage on Line or Delayed TV you (anyone) would be better off to start a (pool) and plan on throwing your Money away that way. I would BET that the potential number of High Rollers involved here is pretty close to ZERO or at least single digits.
 
If a competitor is caught betting on the races (or advising someone to do it) it will work out as well for them as it did for Pete Rose.

Alan
But who is going to catch them MLB, NFL, NBA, ect all have their own security force to watch for things like gambling on the games. They watch the lines to see how much is bet, where the bet was placed and so on. I am pretty sure NHRA does not have that kind of security force.
 
So here is how it works. Usually Monday or Tuesday before an event, the sports books post odds for each pro class. Right now the only two I know that do it are DraftKings and Caesar’s. You can only bet on a racer to win the class. Once qualifying has started, no more bets can be placed until after qualifying is done for the day and in most cases not until the next morning. The odds do go up down depending on either performance from the previous day or from the wagers being placed on the drivers. So prior to the start of eliminations, all bets are closed. You cannot at this time wager on any individual round 1 matchup or any other matchup throughout the day. The only bets accepted is for the event winner. So no racer would even benefit from throwing a race unless the bet on the 15 other drivers to win. Losing round one to the #16 qualifier doesn’t guarantee that the #2 qualifier wins.
 
But who is going to catch them MLB, NFL, NBA, ect all have their own security force to watch for things like gambling on the games. They watch the lines to see how much is bet, where the bet was placed and so on. I am pretty sure NHRA does not have that kind of security force.
Where a lot of the gambling probes come from is the Sportsbooks themselves. I will use the NBA and Javontay Porter. He was in with some bettors. He told them to be a large amount on him to play poorly. So they bet 10k on Porter getting under 3.5 rebounds. Porter then left the game after 3 minutes with an illness. The bettor won the money. However it raised a red flag. Rarely is there a big money bet on a marginal player. An investigation was launched and eventually led to Porter getting caught and banned
The Sportsbooks require a lot of information when signing up for an account. As part of this being agreement, NHRA has given the Sportsbook information on all the racers, team members and NHRA employees. So if Joe Blow works on the safety safari, signs up with a Sportsbook, bets on races, he will lose his job.
 
I think the fact that you can not bet on individual matchups will make the likelihood of someone getting caught throwing a race for betting purposes highly unlikely. As Chris said, sportsbooks run so many algorithms that will flag any suspicious bets made and will forward their investigation to whoever's job with NHRA that is also there to investigate. I am also sure NHRA has someone on their payroll now that will be a compliance officer, this person will probably have a background in gaming/sports betting and not drag racing and their job is to make sure everything is on the up and up.

This whole question on NHRA betting now has me wondering if folks working week to week within the sport have had to sign an agreement in recent weeks stating they will not bet on NHRA races, and I am talking everyone from drivers and crew members to media and support staff. Much like how even a greeter or usher employed at MLB ballparks can not bet on MLB games. On a personal note I will stay away from betting NHRA not only because of my track record on PTWs and Bracket Bonanza but having worked in the past as a media member and knowing a fair amount of folks within the sport I could risk my own gaming license in Arizona if I got in trouble for "inside information". Too much of a slippery slope to risk.
 
Unless you’re betting on Gage Herrera to win!!
Unfortunately there isn’t much money to be won. Gage is-425. So you have to be $425 on Gage to profit $100. While he is the closest to a sure thing that there is, not sure it’s worth the risk. However you can bet $10 on Richard Gadson (+2000) and if he wins you pocket $200 profit. He will eventually lose this year. Of course that will be the week I bet on him. lol
 
I think the fact that you can not bet on individual matchups will make the likelihood of someone getting caught throwing a race for betting purposes highly unlikely. As Chris said, sportsbooks run so many algorithms that will flag any suspicious bets made and will forward their investigation to whoever's job with NHRA that is also there to investigate. I am also sure NHRA has someone on their payroll now that will be a compliance officer, this person will probably have a background in gaming/sports betting and not drag racing and their job is to make sure everything is on the up and up.

This whole question on NHRA betting now has me wondering if folks working week to week within the sport have had to sign an agreement in recent weeks stating they will not bet on NHRA races, and I am talking everyone from drivers and crew members to media and support staff. Much like how even a greeter or usher employed at MLB ballparks can not bet on MLB games. On a personal note I will stay away from betting NHRA not only because of my track record on PTWs and Bracket Bonanza but having worked in the past as a media member and knowing a fair amount of folks within the sport I could risk my own gaming license in Arizona if I got in trouble for "inside information". Too much of a slippery slope to risk.
Yes the racers, team members and NHRA employees are aware of the ramifications if they wager on any drag race. Not sure if they had to sign anything but they have been made aware of it.
 
MY bet is they will be shocked to learn there is gambling going on.

I was reading an article last week about athletes in stick and ball sports getting death threats from gamblers upset that they lost their bets.
Athletes get death threats if they tie their shoes wrong. It's more of commentary on the state of our society in the age online trolling than it is on gambling. The caveman approach so many people are taking to this is truly staggering and shows how out of touch many people are. Gambling as been around for centuries, this is nothing new. The only thing that has changed is the ease of being able to place a bet and the number of available outlets to do so. All of the online sportsbooks have a vested interest in ensuring a level playing field for their product, which is why ALL of them monitor usage and look for irregularities on a constant basis. With the amount of competition for the consumer dollar in this field, it is paramount that these companies assist the leagues/sanctioning bodies in making sure that the playing field is level or else they will quickly find themselves out of business.
 
Athletes get death threats if they tie their shoes wrong. It's more of commentary on the state of our society in the age online trolling than it is on gambling. The caveman approach so many people are taking to this is truly staggering and shows how out of touch many people are. Gambling as been around for centuries, this is nothing new. The only thing that has changed is the ease of being able to place a bet and the number of available outlets to do so. All of the online sportsbooks have a vested interest in ensuring a level playing field for their product, which is why ALL of them monitor usage and look for irregularities on a constant basis. With the amount of competition for the consumer dollar in this field, it is paramount that these companies assist the leagues/sanctioning bodies in making sure that the playing field is level or else they will quickly find themselves out of business.
The betting houses do not want a level playing field. They want a level betting field. They'll adjust the odds until they get it.
 
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