Jimbo

A book I once looked at in the library gave the complicated, nonlinear equation that will tell you what the expected exacta payouts should be, given the size of the field and the odds of the horses.

It is not the same as calculating the horse's odds in the exacta pool, something we canm all do with a little bit of regular old linear math

I read some years ago about an operation in Hong Kong that did this. As soon as the computer gave them the overlays, the computer also placed their bets. Tinvolved an enormous amount of money, going into the already large pools available in betting services there.

Mike