Wow, Scav, thanks. I totally missed that. And, I REALLY don't like it. It means when you bet in NY, you are NOT getting the full benefit of its 14% track take. The bettors elsewhere automatically raise the effective track take in NY. The amount they raise it depends on how much they bet. In the case of Bernardini, the track takeout in the place pool was AT LEAST 14.54%. It had to be that big to force the payoff down below $2.20.
I'll have to think about the other aspects of the "net-Pool" pricing. Maybe there is a good side to it, too. But I hate not being able to calculate accurate payoffs from the tote board info.
Thanks again for the info.
--Dunbar
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Curlin and Hard Spun finish 1,2 in the 2007 BC Classic, demonstrating how competing in all three Triple Crown races ruins a horse for the rest of the year...see avatar
photo from REUTERS/Lucas Jackson
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