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Originally Posted by Grits
RS, go and take a look at today's result in Gulfstream's 6th race. The longshot ran second, behind the chalk. The chalk's odds were 1.50/1, the longshot's, 18.40/1. The $1. exacta paid $22.50. The place on the longshot paid $12.40 for $2.
Ok, you tell me which is gonna net you more, that $22.50 exacta played straight? Or that $12.40 place ticket? Now keep in mind too, you also lost the $50. you bet on him to win.
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You just don't get it. 9th Race on Sunday at GP, the place horse was 15-1 and ran second to a 9-1 shot. Instead of getting nothing back, you would've tripled your initial investment with a win/place bet(12.80). If you had done it your way you get nothing....If the favorite wins at a 30% clip on average you will lose over time. You can cite whatever race you want, and I'll find 4 that show that using a simple exacta with a favorite or a wheel for that matter is dumb.