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It's worth asking questions, and trying to understand how the pools work.
I don't have a great understanding of exactly how CAW, syndicates, whales wager, spread, hedge into various pools.
The exacta pools usually become attractive to me when I can safely toss a chalk from the first two or three positions. Apparent underlays in a parimutuel known take exacta pool have to take money expected to go to go on other horses. If CAWs are deflating payouts of prices with this strategy there should be things like an apparent contender who appears on face value to be an exacta overlay but underperforms.
If not, they are perhaps relying more on rebates and hedging.
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Preparation. Discipline. Patience. Decisiveness.
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