Quote:
Originally Posted by iamt
This is plainly incorrect. A random sample by definition would lose 16% (plus breakage) if making selections into a 16% takeout.
The article used a sample across all tracks and 16% as the headline figure. The average WPS takeout is higher than 16%.
It doesn't make the game any easier to beat but cherry picking numbers helps no one
|
I think he is thinking of betting every horse. That loses around 25%. If you randomly bet one horse you'd get closer to the actual takeout but always higher. There is still a favorite / longshot bias at play that doesn't exist on a roulette wheel.
