Place Vs. Fave/Long Exacta Running Tab

[Dunbar]

Originally Posted by Dunbar

Maybe I'm (slowly) catching on. I believe it's related to the concept of why it's better to use a free play on a long-odds bet, like roulette, even if the odds on that bet are worse than the odds on some even money bets like craps or blackjack.

Not sure it's the same, though.

more later...

--Dunbar

Still thinking outloud...and thinking the above comparison is nonsense.

In the test, we are betting the same amount of money on place bets and on exacta bets. The place bets will lose at a rate of 16% on average and the exacta bets will lose at a rate of 19% on average. (Keenland, say). Breakage will hurt the place bets relatively more than the exacta bets, but not enough to make up for the diff in takeout.

I'll try to come up with a concrete example. As I said, I almost never make place bets, so it's alien terrain.

--Dunbar