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It's just a ML...
Yes, the ML odds add up to 120% at Belmont, and to 135% at Santa Anita. Roughly.
By the time the tote board starts moving that's no longer the case. Typically, the SA odds will fluctuate between 122 and 128% until the race goes off. That's acceptable. It's not uncommon to see a jump from 123% or so to 127% a couple of minutes before the race (that one has me scratching my head; when it's done without making room for an odds change for a big favorite). There are tracks where that number adds up to 130-135% just before the race.... (Turf Paradise comes to mind), and that, imo, opens the door to fraud.
In order to know what the real percentages are you need a conversion to 100%.
I only do that for the live odds, but you could add a conversion for the ML odds.
Last edited by Dark Horse; 06-03-2014 at 06:19 PM.
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