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How do odds work in horse betting race card abbreviations

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How To Learn Odds And Win

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How do Decimal Horse Racing Odds Work? If you watch horse racing coverage on TV or read any of the mainstream coverage you’ll see fractional odds mentioned. They are part and parcel of horse racing but a key of the strength of online betting is making it as easy as possible for punters.

Horse racing betting odds are notorious for these gambles. Even without a major gamble, the odds are subject to fairly significant shifts over time. It is vital to understand this element of horse racing betting in order to best take advantage of the odds provided by the bookies.

More Guides on Horse Racing Betting.

What is a Nap in Horse Racing? January Find out what a nap is and how they can help your horse racing betting. Tags Horse Racing Betting Guide. The more people bet on a horse ie, the more people who think he’s most likely to win the lower the odds become and the smaller the payout. It makes very little sense to do a straight win wager in this case as they payout will be tiny.

In the Masscap, I put a 2 win wager on Commentator, because he was distantly, remotely, the class of the field, as in Nick Zito was doing the failing track a favor bringing him in for the race.

My ticket returned, my original wager plus twenty cents. Betting odds tell you how likely an event is to happen. They also tell you how much money you will win.

However, at first, they may seem confusing and complex. Our comprehensive guide takes you step-by-step to explain them. If you’re new to betting, one of the first things you should do is learn how betting odds work. It’s critically important because it allows you to understand how likely an event is to happen, and what your potential winnings will be. At first, it may appear confusing, however, read our guide and let us explain it to you. How American Moneyline Odds Work. American odds aka moneyline odds or US odds are popular in the United States.

The odds for favorites are accompanied by a minus - sign, indicating the amount you need to stake to win The difference between the odds for the favorite and the underdog widens as the probability of winning for the favorite increases.

Let’s understand this with the help of an example One of the popular betting websites priced the NCAA "Sweet 16" men's basketball game between Duke and Syracuse on March 23, with the following moneyline odds. Syracuse + Duke The bookmaker has offered odds of + for Syracuse, which indicates that the bookmaker has placed a much lower probability about 15 on Syracuse winning the game. But understanding how to read horse racing odds is actually simple. Odds are the return you can expect to get if the horse you bet on is successful.

It reflects the amount of money bet on a horse the more money that is invested, the shorter the odds. When horse racing odds are shown in the form of, etc, it expresses the amount of profit to the amount invested. If a bettor wants to know exactly how much money will be returned to them from a successful bet, multiply the mutuel payout by the amount invested, and then divide by two.

So if a bettor invested 10 to win on a horse that won at a mutuel payout of, multiply by 10 55, and then divide by 2 final payout. EXOTIC WAGERING Longer Odds Bigger Payouts. Most sports betting sites use American style betting odds and a lot of people seem to have troubles understanding how to read the betting odds and how exactly they work. In this video I do my best to quickly explain how American style betting odds work. In the video I give an example using both negative odds and positive.

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Betting on horses is a lot more complicated than I had imagined, but it’s really a great deal of fun. But how do you pick a winning horse? There are literally hundreds of books and thousands of websites on handicapping that means picking horses and everyone seems to have a different opinion on what factors are the most important to analyze when choosing a horse.

The favorite to win is the horse with the lowest odds.

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While past performance doesn’t guarantee future results, the statistics show that over time going for the race favorite pays off. Note betting odds are always changing. They do not become official until the horses break out of the gate. So it's possible that you bet on the horse when it was, but its odds can change before post time.

If you bet at, but the horse is by the time the race starts, then all you get is the Make sense? With Zcodes System you can obtain some extra money when you will have all of the sports betting methods that work in just one Zcodes System. If you can work out a horse’s perceived chances of winning, and the odds on offer are significantly good value in comparison, then you’re onto a very profitable career in horse race betting.

When looking at how to bet on horse racing profitably, take all of the horses in a race and try to map out their recent successes and failures. Why did things go the way they did in their recent races? Look at jockeys and stables for subtle hints at a horse’s chances of winning.

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When you are considering what odds are right for you, there are three key factors to consider.

One is what level of risk you would prefer. If you want to work out how betting odds work, the first thing to know is that odds are generally presented in three different ways.

These are fractional, decimal and American. As the name does suggest, American odds are largely dominant in the U.S. From there, you can turn yourself into a betting odds calculator. The easiest way to understand how to read fractional odds is that the first half represents how much you will win, while the second half represents how much you stake.

However, there are also odds-on selection, which appears the other way round. Best article How Betting Odds Work Why Do You Need To Know? But, if you want to make some money from betting it’d be foolish to not understand the system. There’s only one way to make money in this world by getting the best price. If you don’t even understand how betting odds work, how can you assess the situation in hand? It’s not as complicated as you may think Check out the full article here Betting Odds Explanation How do they work?. This post explains what odds are, how they work in the betting world and how to use them to make money.

Betting and odds go together like Friday night and a pint down the local. You just can’t have one without the other. And just like there are different things to bet on, there are different types of odds, too. You can find out more about fractional odds in this post but read on for our answer to the question how do decimal odds work? How do decimal odds work in betting? Decimal odds, also known as European odds, are popular because of their simplicity.

They’re shown as two figures separated by a full stop. For example, or Punters use decimal odds to work out which price is bet.

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Usually, the smaller the number meaning the shorter the odds the more likely the bookmaker thinks this outcome is. So, which type of odds betting is better? While there’s a movement towards decimals, there’s no clear winner.

Understanding betting odds can be tough, but decimals tend to be a little easier. The shift began in horse racing, to make it easier for the average bettor to understand. Also, it’s important to be aware that fractional odds only represent winnings - not your returned stake as well. Odds tell you what your profit will be should you win the bet.

A horse that is 6 to 5 shown on the tote board as 65 will pay 6 dollars for every 5 dollars you bet. A horse that is 6 to 1 shown on the tote board as 6 will pay 6 dollars for every 1 dollar you bet.

Several factors go into determining the odds for a particular horse. First of all is the total amount of money bet for the specific pool win, place, show, etc.

From that total several deductions are made statelocal taxes, track expensesprofit, purse money for the horsemen. These deductions, commonly called the 'takeapo.

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Fixed odds betting is one of the most common systems across different sports. When you place a bet using fixed odds, you stake a wager with a bookmaker, who has established odds for that bet.

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Your payout is calculated on the amount you staked multiplied times the odds. Odds are expressed as fractions, decimals, or moneyline odds depending on the country. Another fun way to incorporate various bets is to bet on multiple horses in the same race.

Depending on which one of the following stakes you choose, it may be harder to win, but the payouts are usually higher. However, it doesn’t work on pari-mutuel betting because there is no way to control the size of the pool. But if you are using fixed odds, you might as well get the best value for your money. Horse betting has something for all, whether you are still a novice or an expert there is always something to new to learn on different strategies that might appeal to you.

Strategies help the bettor pick the right selections when one wants to invest more in a race. Here at Alpha Sports betting, we want all our readers to progress in the betting world, hence it would be easier for you to have a list of some of the most effective horse racing betting strategies to boost your potential bets. These horses gain momentum once they reach their prime. The Statistical Lay in Horse Betting. To lay a horse simply means to bet against a runner.

After doing this you can move on to working out the implied probabilities from the odds provided.

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From Betting on Horse Racing For Dummies by Richard Eng People have been betting on horse races since horses have been running. Betting on the outcome of formal horse races can be fun and profitable if you know what you’re doing and can beat the odds. Betting on Horse Racing For Dummies offers lots of info to help better your odds including advice on what to pay attention to and what tools can help you at the track as well as the mechanics of placing a bet, the types of bets you can place, and your odds of winning.

Betting on horse racing isn’t a complicated procedure. It’s important to know how odds work and how to read sports betting lines, as online sportsbooks will display odds differently, based on the sport and location you’re betting on. Our betting odds calculator is free to use and presents the different types of odds. With practice using the guides listed below however, you’ll soon end up converting the odds calculations in your head like a seasoned professional.

Fractional odds, also referred to as British odds, UK odds or Traditional odds, are often used in horse racing. These odds quote the net total which will be paid out to the bettor should they win, factoring in their stake. Betting odds work on this principle, from then on a betting firm factors in their profit margin.

The simplest explanation would go something like this Meaning the outcomes implied chance of happening is 50. This is also why shorter odds are so important in horse racing markets. Just think, if a horse’s price indicates it has a 50 chance of winning, it holds a pretty big influence over the rest of the market. But what about the total over-round calculation? It’s just the sum of the implied chance within any given market. RELATED STUFF How do I statistically win betting on football?

It’s an ingenious system, but there are drawbacks. For instance, you can buy a win ticket on a horse at and watch the odds plunge when late money pours in on your horse. When you go to collect, you might only get paid at Betting Strategies.

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How do decimal betting odds work? Decimal odds are the easiest type of odds to understand. To calculate your winnings using decimal odds, simply multiply your [tooltip textstake gravityn]Your Stake is the amount of money you wish to bet[tooltip] by the decimal number.

For example If you placed a 10 bet at odds of, you would simply multiply 10 by to calculate your return. Fractional betting odds are favoured in the United Kingdom and Ireland and they’e the most popular type of odds used in Horse Racing.

Although they may look confusing at first, they’re actually not that hard to work out.

Lets jump right into looking at an example of how Fractional odds work If you wanted to bet 50 at odds of 64 six to four, this is how you would work it out. How to read Horse betting odds? Odds may not seem that easy at first, especially for Horse racing. Things seem to get more complicated there, but once the core representation of odds is understood it becomes much easier to absorb.

Simply said, odds represent the implied probability of something to happen in mathematical values. Odds vary from horse to horse, and odds progress and change before races. Betting on horses could be both fun and profitable once you know what you are doing. The procedure itself is not complicated at all - find an event from the racetrack listing, pick a horse that you think has the best chance to win, preferably choose the bookmaker with the best odds and place a wager with a stake of your choice. Betting odds explained Odds are the payout of a winning bet, but also how likely an event is to happen.

What do the formats Decimal and Fractional mean. Learn about betting odds, including how to work out your returns from fractional and decimal odds. We also talk through working out probability from betting odds. The smaller the odds, the bigger the chance of that thing coming into fruition. In horse racing, betting odds dictate probability and are perhaps the most important piece of sports betting. Displayed in both fractional and decimal format, once you have a firm understanding of how the odds represent probability, you’ll be well on your way!

How do I work out fractional betting odds? In the UK, fractional odds are the norm and you’ll rarely see horse racing odds displayed in a different format.

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Betting on horse racing or horse betting commonly occurs at many horse races. It started in the UK in the early s during the reign of King James I.

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Gamblers can stake money on the final placement of the horses taking part in a race. Gambling on horses is, however, prohibited at some racetracks. For example, because of a law passed in, betting is illegal in Springdale Race Course, home of the nationally renowned Toronto-Dominion Bank TD Bank Carolina Cup and Colonial Cup Steeplechase in. Odds indicate the probability of an event occurring.

This will, in turn, allow you to work out how much you can win if your bet comes through. Odds are the backbone of sports betting as it sets the value of each sports bet. How do odds work in horse racing? Betting on horse racing is almost as old as the sport itself. The odds for horse racing work just as with other sports in the US. The plus and minus will indicate the favoriteunderdog and the number will indicate how much you will win.

To understand betting lines you must first have decided how much you want to wager. When you know this amount, you will able to work out potential winnings when you look at the lines. Once you know this you need to research the event you want to bet on. Betting Odds - Guide to the best tips on adapting sports betting odds for Indonesian, Hong Kong, and Malay odds. Convert odds easily at top sportsbooks. A gambler with a good working knowledge of the odds systems would look at these odds, or price’, and then see how likely it is for an event to occur.

With hundreds of sportsbooks at their disposal, they can shop around and find the best value. Comparing the best odds between different companies is crucial for the bettor. Online bookmakers will offer odds based on what they think is the implied probability of an event occurring. They will then reduce the odds down, creating a guaranteed profit for themselves.

Odds can change, especially if large bets come pouring in.

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For horse racing, betting sites show win and place odds for parimutuel pools before a race starts. In my understanding, calculating place odds requires knowing which runners place, as explained here filmworkz.us How then bookies calculate place odds before the off - what's the formula, assuming Australian understanding of place three horses place if 8+ run, two horses place if run.

An example will best demonstrate how this system works. Our race will have three runners A, B, C. A is the favourite and bettors place 50 on the win. B is good but less likely, so only 40 are placed. A parlay is a wager that combines multiple bets on one ticket.

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Usually, you would pool straight-up bets with spreads and totals. However, you can have multiple versions of the same bet as long as it’s on different games. If even one bet in your parlay is a loss, your entire parlay loses.

You can make NFL parlays or combine different bets from various sports. As you can see from the above example, the odds for each game would appear the same as they would if you were betting individually. However, the odds for the entire parlay would be + since you have a chance of winning each bet 3 bets x 2 6. If you were to bet on the entire parlay bet, you’d get a payout of your original comes back along with your winnings of. Odds represent which team, horse, or athlete has the highest probability of winning.

While there are different ways to write odds, they all indicate how likely one outcome is in comparison to another. Ex When I flip a coin, it is just as likely that I flip heads as tails. The odds are equal, or one to one. "Was researching betting odds and how they work for a fictional story. I've tried learning this before, but it's always very confusing.

This helped me make sense of it." " more. Betting on bad value selections is a sure fire way to lose money in the long run and learning about odds and probability will help you to stop that from happening. Understanding Betting Odds - How do betting odds work.

Being able to understand the odds in the first place is a crucial element to successful betting. Even for professionals, a 40 strike-rate in horse racing is a good percentage and so punters must accept that most bets they place will lose.

Getting the best value for the ones that win therefore is crucial. Shop around use filmworkz.us for an easy way to compare prices across the board. Signing up with various bookmakers is fine.

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As technology advances, many and many have been switching to online horse betting, in opposed to the traditional model of horseracing. Because of this, many horse betting websites are appearing online.

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How does an enhanced odds work? Basically, you have to choose an enhanced offer, open a new account with the bookmaker who is offering the price boost or login your existing one and place a qualifying bet on the correct market at the enhanced price. The terms and conditions for enhanced odds could be a little tricky to navigate through, so we list the the things you need to check before to take an enhanced bet. Which betting sites offer enhanced odds? Several of the major bookmaker brands use price boosts - though some have different names for them.

Just make sure to check the terms and conditions as the enhanced odds are usually paid in the form of free bets that you will have to use.

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Best Horse Racing Betting Sites. We’ve thought long and hard about how to boost your football odds, so why not continue reading and find out exactly what we have to say? We’ll jump straight into the most important question you probably have how do I find the highest football betting odds around? There are a few things you can do, however the most important is this shop around before having a punt.

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Unlike casino betting where bets are placed against the house, horse racing wagers are based on the pari-mutuel system where each bet is placed in an individual pool that is shared by the winners. In this sense, bettors are really betting against one another. The host track makes money by extracting a percentage of the pool known as the takeout with the winning bettors sharing the remainder. Regular horse players are always keenly aware of the odds of the horse they choose to support as the odds dictate the payouts they will receiv The table below illustrates what the win odds would look like for the five horses in this field Horse.

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Horse Racing Betting Strategies How to Approach Betting on the Sport of Kings. Perhaps more so than any other sport, horse racing is one of those betting markets where punters have gone to great lengths to try and develop strategies that will get the better of the bookie. The odds price of a given selection reflects the chances of the horse actually winning according to the bookmaker’s research and calculations.

If you find a selection that matches well with points, the chances are it will have short odds, but there are times when selections are under priced. Many punters choose to opt for a more strategic approach to betting on horses in order to try and seek out the best value in the market.

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So, how do the bookies set their odds, what causes them to change, and how can you take advantage of an unlevel playing field? When companies detail their odds, they clearly aren’t just plucking values from thin air. The best bookies have stayed in the game by knowing exactly how to go about setting odds that work for them by employing an external flock of traders’.

These individuals are the same breed of boffins that have been employed by financial companies to help foretell future markets and they are experts in the fields of risk analysis and odds compilation.

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The odds given to each of the 24 horses running in the Melbourne Cup this year before any scratchings are typically presented as a dollar amount. For example, at the time of writing, Protectionist was listed at A7.

This means that for every dollar you bet on Protectionist to win, you will receive A7 back, should it win. Then the bookmakers watch how the punters are betting and continually adjust these odds to balance the books and ensure a profit. In a nutshell, the more bets a horse attracts, the lower its payout will be adjusted and vice-versa. This means that odds are continually changing in the lead-up to the big race.

For this reason, it’s important to know the difference between making a fixed odds bet and a parimutuel bet also known as a totes bet.

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How Odds Work and "The Long Shot". Let's say you're betting on a horse race and are given odds of "seven to one", it will be written "" If betting on a horse race with odds of "seven to one", it's usually written "" Odds.

This means that for every 1 you bet you'll get paid 7. Yes and you should do it faster than an eye can blink because the odds are offering you the chance to enjoy a great pay day.

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OddEven betting works based on the number of points scored by both teams in a specific match. The scores will be added together which produces an odd or an even number.

OddEven betting can be implied to both halftime and fulltime series of matches. In case the goal results ended at, it will be considered even. OddEven betting is only valid on regular time only which includes injury time however excludes extra time and penalty shootouts.

There are only 2 options for this type of bet the Odd and Even. Eg If you select Odd, you’ll win the bet if the total num.

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As said Dutching Betting is popular technique in horse dog racing though it can be applied to various sporting events like Tennis or Football games especially when you do matched betting, which we will elaborate on later. Now, let me briefly summarize advantages disadvantages of Dutching Betting in comparison with Normal bet Arbitrage as follows Worked out the track odds, fixed the percentage on the numbers racket, did all the brain work.

They called him The Wizard of Odds’. Got rubbed out quite by mistake in the Dutch Schultz killing.

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When I worked, I was fortunate enough to work alongside odds compilers that worked in the old way, and had watched thousands of hours of horse racing, and could distinguish the smallest of nuances of how the horse was ridden and the strategies of the trainers. I also worked with people who broke down sports into their fundamental inputs and turned those inputs into probabilities.

This was done before and ruing races. Initially, odds compilers were split on the prospects of Betfair, and especially on its uses with regards to compiling prices. When I started working, Betfair had only just reac.

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Check recent betting odds trends and odds changes through different period of time using our progressive Dropping odds tool. Try it now filmworkz.us How to use our Dropping odds tool. It is as simple as it can only be. Use filters in order to choose the period of time the change is applied, choose the minimum percentage of the odds changes and type of your bet.

You’ll get an updated page with all the changes of betting odds that correspond with your filter settings. Why you should use dropping odds. It is just another powerful tool that will provide you clear insights on the betting trends, find your dark horse bet, help to check how filmworkz.us football betting tips correspond with real trends and use these found bets along.

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It's surprising at how many people make bets on horse races without the slightest understanding of the tote board. While all of those numbers on the board may seem imposing, the odds and payoffs are actually pretty easy to learn.

And by doing so, you will be able to make and calculate better bets. The easiest information on the board is the win odds quoted on each horse. They don't tell you what the horse will pay, but the amount of profit you will get and the amount you have to bet to get it. For example, means you will get 6 in profit for every 5 you wag.

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What are the different systems? One of the most complicated things about betting odds is there are several different systems. All systems are used to describe the same thing, but some are better suited to specific sports and industries. They became popular thanks to horse racing, because every horse in the race could be assigned a specific, simple value and every punter would understand that value.

These odds are very common in the United Kingdom and Ireland and are also used in parts of North America, but beyond that, they are quite rare. Generally speaking, you’ll see them in connection with horse racing and in UKIreland betting shops and race tracks, but may not find them anywhere else.

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Follow me on Twitter - kevinsportsgeek Most sports betting sites use American style betting odds and a lot of people seem to have troubles understanding how to read the betting odds and how exactly they work. In this video I do my best to quickly explain how American style betting odds work. In the video I give an example using both negative odds and positive odds + to show you the difference. The key is with the sign in front of the numbers. Just wonderful, I have been researching "horse racing tips today racing post" for a while now, and I think this has helped.

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How do Decimal Horse Racing Odds Work? If you watch horse racing coverage on TV or read any of the mainstream coverage you’ll see fractional odds mentioned. They are part and parcel of horse racing but a key of the strength of online betting is making it as easy as possible for punters.

Horse racing betting odds are notorious for these gambles. Even without a major gamble, the odds are subject to fairly significant shifts over time. It is vital to understand this element of horse racing betting in order to best take advantage of the odds provided by the bookies.

More Guides on Horse Racing Betting. What is a Nap in Horse Racing? January Find out what a nap is and how they can help your horse racing betting. Tags Horse Racing Betting Guide.

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Betting odds tell you how likely an event is to happen. They also tell you how much money you will win. However, at first, they may seem confusing and complex. Our comprehensive guide takes you step-by-step to explain them. If you’re new to betting, one of the first things you should do is learn how betting odds work. It’s critically important because it allows you to understand how likely an event is to happen, and what your potential winnings will be.

At first, it may appear confusing, however, read our guide and let us explain it to you.

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How American Moneyline Odds Work. American odds aka moneyline odds or US odds are popular in the United States. The odds for favorites are accompanied by a minus - sign, indicating the amount you need to stake to win The difference between the odds for the favorite and the underdog widens as the probability of winning for the favorite increases. Let’s understand this with the help of an example One of the popular betting websites priced the NCAA "Sweet 16" men's basketball game between Duke and Syracuse on March 23, with the following moneyline odds.

Syracuse + Duke The bookmaker has offered odds of + for Syracuse, which indicates that the bookmaker has placed a much lower probability about 15 on Syracuse winning the game.

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The more people bet on a horse ie, the more people who think he’s most likely to win the lower the odds become and the smaller the payout. It makes very little sense to do a straight win wager in this case as they payout will be tiny. In the Masscap, I put a 2 win wager on Commentator, because he was distantly, remotely, the class of the field, as in Nick Zito was doing the failing track a favor bringing him in for the race.

My ticket returned, my original wager plus twenty cents.

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