Place Vs. Fave/Long Exacta Running Tab

[Dunbar]

Originally Posted by blackthroatedwind

She's NOT going to get killed. She will probably prove to have the right side as the mathematics are in her favor ( due to the dispersal of takeout ). It should be pretty close.

Seriously, don't take this the wrong way, but this is not a contest of who's right or wrong. It's a very good study.

Okay, burdened with the heavy responsibility of carrying this study forward, I felt I ought to re-read the thread. ;>)

Now I'm curious about what btwind meant by the part I highlighted above. Does the fact that the place payout is given in two pieces somehow overcome the fact that the exacta has a generally bigger takeout?

A dart thrower at Keenland is going to lose 16% plus breakage making place bets. His dart-throwing pal is going to lose 19% plus breakage betting exactas. It's not jumping out at me why the exactas have any mathematical edge. I'm asking because I may be missing something fundamental.

--Dunbar