Place Vs. Fave/Long Exacta Running Tab

[blackthroatedwind]

Originally Posted by Payson Dave

Not sure that I completely agree....I think that what is important is the delta between the two stategies....I don't think that including the win bet will change that delta...both stategies include the win bet....including it or not including it should not matter one way or the other....if i'm missing something please explain.

First of all....why bother with the calculation?

But secondly, while I agree that the total play is the correct way to make the bet, the question is which method produces more and by how much. Let's say, for arguments sake, we get 300 examples. The totals will be around $4000 for the place vs. exactas. The win bets will add roughly $10K to EACH total. Suppose it is then $14k vs. $14.4K ( either way ) or roughly 2.9%. However, what the results would accurately show, but couldn't be easily determined, is that the exacta or place bet increased THAT return by 10%.

[Payson Dave]

Originally Posted by blackthroatedwind

First of all....why bother with the calculation?

But secondly, while I agree that the total play is the correct way to make the bet, the question is which method produces more and by how much. Let's say, for arguments sake, we get 300 examples. The totals will be around $4000 for the place vs. exactas. The win bets will add roughly $10K to EACH total. Suppose it is then $14k vs. $14.4K ( either way ) or roughly 2.9%. However, what the results would accurately show, but couldn't be easily determined, is that the exacta or place bet increased THAT return by 10%.

You are right...the ROI for these place wagers versus the ROI for these exacta wagers is really what is most important...
Both the place wagers and the chalk/selection exacta wagers are basically insurance bets...It will be interesting to me to see which one is the better of the two.

[blackthroatedwind]

Originally Posted by Payson Dave

You are right...the ROI for these place wagers versus the ROI for these exacta wagers is really what is most important...
Both the place wagers and the chalk/selection exacta wagers are basically insurance bets...It will be interesting to me to see which one is the better of the two.

Right, it seems like the heart of the question is " which is the better hedge ".