Setting your own odds line???

[mes5107]

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.