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Originally Posted by Stillriledup
I think there are studies that show the lower end of the board is really underbet from an ROI standpoint. Maybe someone can show us (Jeff?) what the ROI is for every odd, i think that you might see 1-5 and 2-5 shots are actually underbet by the crowd, but i don't know what the actual stats show.
As far as horses paying 3.20 who should be 1-5, they come along on occasion, but you're right, i can't imagine there are too many of them laying around.
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the last time I saw this ROI vs odds graph, the curve was downward at both ends, and the peak was at that pt. where the odds matched the number of horses in the field. So in a 7 horse race, the highest ROI was at 7:1, approaching but not hitting 100%, prolly 94% or something.
It went downward from there, with the lowest ROI at the edges, the 100-1 shots and the 1-5 shots had the worst ROI.
That's what I recall.
