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Originally Posted by Antitrust32
Just bet favorites every race and you'll win at a 33% clip. You'll also lose a lot of money.
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Yes, but every statistical study I've ever seen had favorites winning around that 33% clip, but also beating the take by losing only +/- 10%. In fact, for win betting, the % loss grows greater at every increasing odds tick, meaning by betting longshots you have to be even better when compared to the total pool of wagers.