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The same exacta that would pay $81.40 in New York and $81 in New Jersey will pay just $76.20 in California. That's a big bite to begin with and the type of thing that turns into a huge number over time.
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Put this under every bettors nose. After a while it will sink in.
Maybe we can get the attorney generals office to post a warning: betting exotics on CA races after December 25, 2010, is bad for your finacial health.