Quote:
Originally Posted by rrbauer
Agree with Dave subject to the following:
You need composite-odds of 4/5 to break-even (at an 80% hit rate). So anytime the composite odds of the three horses is greater than 4/5 you have a 3-horse dutch play.
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Sorry, just wanted to understand this. By composite you mean additive, like if you added the pools of the three contenders together and treated them as one imaginary super-horse, that super-horse should have odds higher than 4/5?
I've been looking for an easy way to intrinsicly tell wherther a situation is "dutchable" (without monte-carloing the hell out of the entire thing)