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Originally Posted by 2MinsToPost
Yup like Steve Crist said in one of his books about Saratoga, I am not quoting him exactly, is that Saratoga is his favorite meet to bet because of all the money in the pools from vacationers, etc. Folks will toss money at Mine That Bird because of The Derby. Should be a fun betting race. If I see 9/5 or better on Quality Road I may drop a couple $20's on a win bet.
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I think you guys are dating yourselves a bit here. For example, look at Saturday's betting.
On track $4.2m
Off track $14.7m
And how much of that $4.2 is the "idiot" money--maybe half, at best? (I think quite a bit less, actually).
Sorry, out of $19m, $2m of dumb tourist money cannot push the odds around that much (you also have to consider that some of the dumb money is going to wind up in the right spots, if even for the "wrong" reasons).
It is 2009, guys, not 1989.