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Betting with an edge
or Optimal Betting which is based theoretically on the horses chances of winning is a load of crap IMO and is just something that confuses the issue.
If I handicap a race and I like a horse that is going off at 4-1, I know if I bet $100 win I am going to turn a profit of $400 if my horse wins. If my horse is going off 5/2 and I bet $100 win I am going to turn a profit of $250.
That's all I have to know. Why confuse matters with bogus formulas.
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