estimating fair exacta payouts
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every writer I've ever read on this subject states that this is the correct way to do it is this - or something very similar to this:
9/1 over 11/1_________9*11 +(1) = $108_______for a $1.00 exacta
but isn't it true that a 9/1 shot over a 11/1 shot will usually pay much more in a 12 horse field than a 5 horse field?
I don't recall any of the discussion of this including field size
it would probably be very difficult or maybe even impossible to prepare a matrix which factors in field size
I certainly couldn't do it_________I'm not a mathlete
but, in all the writings I've seen on this subject field size was never mentioned
so, if it's not considered aren't the writings on this, unless they mention or consider field size, lacking?
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believe only half of what you see.....and nothing that you hear..................Edgar Allan Poe
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