Thank you so much, Statster, for impeccable math, the sine qua non for any shot @ actually making money. Of course I checked it this way:
3/1 horse pays $8.00; 3/1 horse "wins" 33% of the time.
8.00 --------x-------- .33 = $2.64 or
64 cents profit per $2.00 or
32 cents profit per dollar.
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