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Originally Posted by thaskalos
And yet...if the game's professional players were somehow restricted to only making win-wagers...they would all abandon the game.
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Would they?
I doubt if anyone has ever done a survey on how professional players bet. I also doubt if there really are any "professional" players, i.e., who make a living at it and don't have any other employment. If there are they are few and far between. Ainslie, Quirin, even Andy Beyer all had day jobs.
The public likes exotics (they also love the lottery). The pros who write want to sell books and newspapers, so they write about what the public wants.
It's easy to test. Try betting exotics in 1000 races (on paper of course). Then bet the same amount on your key horse to win. Compare the two ROIs. I've done it. I always make more betting to win.
