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Originally Posted by DaHoss9698
... How on earth is it a wise move to invest $200 into a race and basically bet short priced horses? The object is to win money and IMO that strategy is a sure fire way to lose in the long run.
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Good question.
For that race it came down to deciding how likely I felt I would win with those two horses.
I was confident and felt that I had about 65% chance of winning covered.
The final price that I got from final odds would break even if I win 56% of the time.
Meaning as long as my opinion of confidence is accurate and higher than the 56% price, I am getting a good opportunity.
If I can buy a gallon of gas and a good cup of coffee for under $3.50 I take it.