.....................
I took another look at this data from Barry Meadow's latest book - culled from over 800,000 races
the fact that show bettors did so well betting odds on favorites is astonishing to me
they cut into the track takeout by about 10% - losing only about 8% of their dollars wagered
how could that be? you would think with average payouts being so low they would have to win so often to do that - that this wouldn't be possible
and also breakage cuts into their profits so much
to me, it's all very puzzling