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Hey Dave, I can’t tell you if the percentages are accurate or not, since I don’t know how they are calculated. But if you think about it like poker percentages, it might make a bit more sense.
In Texas Holdem heads up, preflop, an unsuited pair of Aces has an 87.2% to win vs unsuited 7 2, which has a 12.40% to win. (There is a small percentage chance for a tie.). So obviously, you want the Aces, right? Post flop, the percentages could get better or worse. So I THINK if you use that logic in your example above, if the horse shows a 60% chance to win, it doesn’t mean the percentage was wrong if the horse loses.
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