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Considering that P3/P4's, exactas, tris and supers are the only place for horseplayers to beat takeout and make money, offering people 4 horses in races with 7 or more entrants is an imperative.
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While some may find the only way to beat the takeout is through exotic wagering, remember nothing is one size fits all in this game.
This is certainly not a knock on Steve's approach. There are certainly benefits to playing exotics. It just isn't the only way, and the approach has some negatives as well.