I am leaning more towards contest play in general as opposed to daily cash play. (Saratoga is an exception.)
Most weekly cash tournaments come with about a 10% takeout which is not difficult to overcome. If you are a reasonably good player, and you can win a $260 entry into a Saturday cash game for less than $234 you have eliminated the rake and should have a positive expectation in the long run.
I also like the idea of tournaments, especially during the week in qualifiers, of saving me $$$ long term because I can be a degenerate at times, placing "action bets". If I have races 2-9 at Belmont in a $26 qualifier I have action throughout my day for a set monetary amount.
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Good Luck......and may a Derby Trailer lead the way to the window!
Ed
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