Quote:
Originally Posted by classhandicapper
In theory the double should pay more.
The double is win to win.
The exacta can be thought of similar as win to win "if the real winner wasn't in the race". So it's also a kind of parlay but with one less horse in the 2nd race making the average payoff slightly lower.
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That's assuming that the second leg of the double has at least the same number horses as the first leg.