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#2
12-13-2008, 10:46 PM
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When forming your own odds line as a handicapping tool, your total percentages should add to 100%. If you have a horse that you think is 3-1, you're saying that the horse has a 25% chance of winning. Even money is 50%, 7-1 is 12.5% etc.
Morning lines typically add up to approx 120% to reflect takeout. I think that's where the confusion is. 
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