Re: Computer Generated Odds Line for the ROTW (1087 Views)
Posted by:
derby1592 (IP Logged)
Date: May 25, 2002 03:19AM
Mike,
I am guessing that you are using a poplular formula to estimate the fair exacta payoff based on projected win odds. This is a decent approximation but it is not as accurate as what the model uses. The model actually simulates many thousands of races and keeps track of who runs first, second, third, and fourth in each race. This produces a much better estimate of the fair exacta payoff (IMHO).
Chris