Quote:
Originally Posted by philcski
Because you WON'T be just getting your money back, even if it chalks out.
The takeout is 20%. So if there's $4 million bet in tomorrow, and $1.5 million in the carryover, there will be a $700k overlay on the payout- so you're playing with a ~20% bonus on the payoff, and that's just assuming the betting distribution will be "normal". Like you said, there will be tons of people playing even the most extreme combos (with Twinspires putting in $100k alone, they will have to spread extremely wide by necessity.) The chances of having a lone winning ticket tomorrow are virtually none. That is no longer the objective since the distribution is mandatory. It's taking advantage of the huge money already in the pool to hit a reasonable combo with a 20-25% bonus in the payoff. If that's not good enough for you, by all means waste your money today chasing absurd horses trying for the whole pool. Good luck.
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Phil, do you know who you're talking to?! He "pretty much makes [his] living doing this."