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Originally Posted by MISTERGEE
I am not sure if this is the time to pick for "value" in a 20 horse field, if you key off the winner at least you have a shot at an over 3k tri and 58k super, only 3 of those 20 cappers had a shot at that.
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Value is always a consideration. What you seem to be saying is not that using BB was not a value play, but that using BB was still a value play in the exotics, even at 2-1.
Fair enough, if you believed he was a lock. If you thought he was vulnerable, then keying him just wasn't the smart thing to do. I'm not so sure that all those pro cappers refused to play him just because he was the favorite. Maybe they honestly thought BB was't as good as claimed.
On these big days, you can use the favorite and go wide underneath with the rightful belief that you can still make money. Or you can swing for the fences by leaving out the public's choice with the rightful belief that you can make an obscene amount of money. Most people's bankrolls are not big enough to do both.
It's easy, with 20-20 hindsight, to point out that the tri had a decent payout with the favorite on top. Unfortunately, bets have to be made before the race. Given the information we had about BB before the race, I still say it wasn't a bad move to bet against him.