Can a consistent long-term profit be acheived in horseracing markets?

[Bobby Fischer]

Originally Posted by Bobby Fischer

Del R1 $2 exacta 1-4
also $2 show on #1

win, return = 34 (30exacta +$4.00 show)
new bankroll = $1055.20


Comments: another larry jones move up at Del. Estimated hit% for the straight exacta was 12% , estimated payout $24 for a value of 1.44 and edgefactor of 0.1728.
24
0.12
1.44