I will give you one. I have given others, its a big list.

1. You have no flippin idea the size of the pool. Therefore you have no flippin idea what the reward will be. Example. I won a pik 3 this year that paid more than the same overlapped pik 4. Did anybody know there was a discrepancy in the pool so they could bet it? Hell no. There is no risk v. reward determination because you do not know the reward.

If you want more I will go on at a later time. Got lots more on the pik bets. By the way, lets not get this confused. A pik 4 bet is ONE bet on 4 races. Dont falsely assume someone is going to play the same 4 races separately, as you have already done in your example. You have already made a huge ASSUMPTION that someone is forced to play those 4 races.

And dont think you can accurately estimate the payout by taking the odds of the 4 winners and multiplying them.

And yes I occasionally play pik bets because it is FUN and challenging to arrange a ticket that is not too costly and has a chance.