Imagine if you start with that 94 to 95 cents and then (not easy) get rid of just a few false favorites. The point is that it is a good place to start looking for solid bets (with no takeout, you could make a great living just betting favorites) and, conversely, when you bet against the favorite, you are effectively up against an even greater takeout than what's posted.

Not sure if it still holds, but way back when you could simply wait for 2 - 5 (and lower odd horses) to run, because they had a positive ROI!