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

[jcs11204]

Originally Posted by Bobby Fischer

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

i cant take the pain... i will give you one horse today at deleware
and you put your whole bankroll on him, i promise its a winner, give me a few minutes