Two puzzling things about the Travers...

[Dunbar]

fyi, I just calculated that under the old system (pre-October 2005), Bluegrass Cat would have paid $2.40 to place.

Odds to 1 = (0.86 * 458,761 - 231,405 - 114,350)/(2 * 114,350) = 0.2133.

$2 Payoff = 2 * 0.2133 + 2 = $2.42, which is $2.40 after breakage.

He actually paid $2.50. So, as the links suggested, when a big fav is involved in a place or show payoff, the payoff on big fav may go down, while payoffs on the others go up.

btw, there was a third "puzzle" that I think I understand now. The number I had for the total place pool at YouBet was actually $1 more than the sum of the individual pool amounts. I think that was a result of currency conversions when Canadian and other money is put into the NY pool. With roundoff, you can easily get that kind of $1 difference.

--Dunbar