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09-22-2010, 09:36 AM
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SIMULCAST CONFERENCE: Computer-assisted Wagering's place in game..
Computer Bettors Survey Industry Landscape
By Tom LaMarra Proponents of computer-assisted wagering sought Sept. 21 to dispel what they say are misconceptions—and they also offered some advice to the struggling pari-mutuel industry. The individuals, who participated in an engaging panel discussion during the International Simulcast Conference in Clearwater, Fla., outlined the way they do business and why they participate in pari-mutuel horse racing. CAW, as it is called, accounts for 10%-15% of total United States handle, according to industry estimates. Bill Wass, chief executive officer of PW Enterprises, which has one major CAW client, said it all comes down to using a sophisticated mathematical model to select horses and place bets. He did confirm what many believe: CAW players make money, but it requires a long-term investment. “If there is positive equity, you bet, but if there’s negative equity, you don’t bet,” Wass said. “You win some and you lose some, but in the long run, you make money.”
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