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Track takeout is far too high; also the fees for availing the exotics.
The Delaware Handicap is synonymous in memory of racecourse larceny; a generous trifecta-a hunch mathematically
nailed down while screwing off on the internet at the office-and although I enjoyed sliding the grand plus inside
my wallet the track's cut sliced the wad considerably. I prefer the exotics to a single winner play. Last Kentucky Derby
I thought to TED-spread Maximum Security and Country House in a series of tri/superfecta bets but abandoned
the notion at the last minute-taking Maximum Security as lead horse in a promising superfecta, with a Super 5/all.
Busted flush with the disqualification though I blame myself for not going the TED with Country House.
Still, I love the game, find profit, and accept that the piper gets paid at the window.
I've narrowed myself to win or exacta betting, always avoid favorites (always overpriced, IMO, kinda like a bull-market stock) and use jockey, trainer, past performance and another fundamentals with assessment of odds as the technicals. That said, it is still just entertainment to me with a good day being a break even including costs - tickets, travel, food - and an okay day being some winners resulting in it costing less than a broadway show to be entertained for many more hours.
Kudos to you if you consistently find profit as - as we both noted - the house takes an egregious cut. While I think the financial markets are much more than just a race track with meaningfully smaller vig/spread, if one does want to think about the financial markets as a casino - it is the most cost-efficient-to-the-better casino (assuming you avoid the products with excessive transparent and hidden fees) ever invented.