Quote:
Originally Posted by JerryBoyle
Could some of these be considered advantages for those who are good at modeling? That is, if I can predict the expected payout of a runner or a combination better than my competitors, am I in a better situation than if we both know the payout ahead of time?
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Yep.
Fixed odds take away a form of information asymmetry. Whether that helps a player depends on which side of the asymmetry they are on.
