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Originally Posted by brianwspencer
Ok if I factor in the win bets, then that doubles the exacta bets, as the original premise was bet $50WP, or $100 on the exacta.
So these totals reflect $2 WP on each race with a 10-1+ shot in the top two, versus a $4 cold exacta with the favorite over said 10-1+ shot.
$4 Exacta: $2,512.40
$2WP: $1,576.70
I'm not trying to say that it's not possible that the numbers wouldn't even out over time, but over these 18 race days -- when factoring in the win money gained from a $2 WP bet, it closed the gap only by a miniscule percentage.
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We are only looking at one part of the total wager.....$2 to place versus $2 below the favorite in the exacta. We are trying to determine which is a better hedge.