Short answer: no, but it is narrower than it was. Here is what changed and what did not.
Three things, usually.
Prices move faster than they used to. Big-race markets get corrected in minutes. And their accounts got limited, so the bets they could get on last year will not go on now.
The first two are true. The third is true and is a different problem.
The place terms. A bookmaker sets them off a rulebook, not off the runner. Three places at a fifth the odds, whatever the field actually looks like.
That is the whole thing. The win price can be perfect and the place part still be wrong, because nobody priced it. No amount of sharp money on the win market fixes a place term that was never a price.
They price the win market. They apply the place terms.
Take the obvious ones at the big three. It worked, and it got a lot of people limited inside a month.
Smaller meetings, more books, smaller stakes. Slower, and it keeps the accounts alive.
So the people saying it is dead are often right about their own accounts. The bets were fine. The account ran out.
Down the card, mostly.
A Saturday feature gets priced by everyone. A Wednesday evening handicap at a small track does not. The same is true of bookmakers: the newest ones price a full card with the least attention, and they are also the ones with no history on you.
That is two reasons to look there, and it is where the board points.
It pays less per bet than it did and it takes more work to find. It has not stopped.
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