Quote:
Originally Posted by Kasept
[b]Overall if First Prize Dixie won, I stood to make $166.03 ($324.64 minus $158.61). If he didn’t win, I would lose $1.67 ($11 minus the $9.33 from my buddy the bot). That means I was getting 98-1 on First Prize Dixie, who eventually went off at 18-1 at Louisiana Downs.
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This is precisely why exchange wagering represents a huge potential risk to both on-track and off-track existing handles : you have a true ability to hedge your bet, similar to using puts and calls from options trading. [With proper odds swings, you will be able to create winning positions without the race being run.]
05-13-2016, 08:32 PM
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