Thanks for running through some potential numbers there, Jeff. Maybe my assumption on how nimble the whales are is not close to how they operate.
It was my understanding that the odds for the Preakness were being displayed earlier in the day, and then there was about 50 minutes or so when it was the "active" next race, so I also assumed that the odds would tighten up dramatically to get more in line with the double pools. After all, it
seems often that by the time the whales are done betting, there's not much in the way of overlays left on the board. And in this case, there were at least three horses that were juicy odds, assuming the double payouts were an accurate read, with Early Voting a literal steal.
In fact I backed off a little, cause I thought he was "cold" on the board. D'oh!
Guess I've been watching too many huge swings at Hong Kong, where the pools are huge and the whales have very deep pockets...
