That was some performance put on Friday by the board members of the financially embattled New York City Off-Track Betting Corp.

Open revolt is more like it.

It was the first board meeting presided over by Larry Schwartz, installed by Gov. Paterson last month to head the agency after he forced Meyer “Sandy” Frucher to step down as chairman.

And the board members made it clear from the outset that while Schwartz may have Paterson’s support, he’s not about to enjoy theirs.

When Schwartz — presiding by video feed from Albany — moved that the board go into executive session to discuss personnel matters, no one would second the motion.

“Second? Do I hear a second?” pleaded Schwartz, who also serves as Paterson’s secretary.

For literally minutes, the board sat in silence, until Schwartz called on a non-voting member, who provided the legally required second.

Bizarre?

Not for OTB, which has led a surreal “Night of the Living Dead” existence for several decades.

But it is more evidence of the need for Albany to send the old nag to the glue factory once and for all.

OTB — which, as we’ve long noted, may be the only bookie operation in the universe that consistently can’t turn a profit — is only alive today because Paterson agreed to have the state take over its operations.

Frucher outlined a plan to streamline the bankrupt agency — but then demanded a $250 million bailout package. And he withheld millions in required payments to the New York Racing Association, forcing Paterson to back a $25 million emergency loan.

New York City should have privatized OTB back in the ’90s, when Rudy Giuliani proposed doing just that.

And now this — a virtual mutiny.

Sell OTB or — better yet — shut it down once and for all.