What is past-posting?

Past-posting is a fraudulent activity in which a person places bets after the time the betting is officially over, and the outcome is already known. This activity is also known as late betting or after-posting. It is most common in horse racing and sports betting and is considered illegal.

Professionals who engage in past-posting typically have insider knowledge about the sport or the race and can predict the outcome with greater accuracy. The fraudster usually places the bet at the last possible moment to avoid arousing suspicion, thus making it difficult for the bookmaker to deny the claim.

In addition to being illegal, past-posting is also unethical because it gives an unfair advantage to the bettor while disadvantaging others who have placed their bets at the appropriate time. It can also lead to significant financial losses for the bookmaker.

Various measures are in place to prevent past-posting, including strict time limits for betting and monitoring of suspicious activities before and after races or sporting events. However, with the advancement of technology, it has become much easier for fraudsters to engage in past-posting activities. Therefore, it is essential to be vigilant and ensure fair play in the betting industry.