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And Down The Stretch They Come - Horse Racing

 
 

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Optimal Takeout Determined by Experimentation?

posted by TFTribe, Dec 08, 2011
Link bloodhorse.com

I'm all for letting the market determine the equilibrium for the takeout, but won't tracks always be biased towards a higher takeout considering the fact that bettors have basically zero choice of where they bet besides ADWs?

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