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Originally Posted by raybo
And, this is something you just thought up? Something new? Something that most of us here don't already know?
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I was responding to a post that said that it was zero-sum and that if there was an underlay in a race, there must be an overlay. Which does, in fact, indicate that there must be some PA users who don't realize this.
(And more generally, at least some of the post-Preakness posts about betting don't seem to be analyzing the key question, which is not who won but who offered value.)
