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Originally Posted by joeydb
OK, if the pools are not backed, then does the track wait until there is money in every pool before posting the calculated odds? It would seem that they would need to or else the odds would be undefined due to a "division by zero" math error.
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the morning lines are usually the first line shown on the tote immediately following the payoffs of the previous race ( sometimes simultaneously ). Depending on the track / situation opening lines when there is money in the pool is posted within a minute or three. There is "always" some money in the pool from Aunt Betty betting every race for the day for $2.00