How will they run? Also,
When playing horizontals, it’s important to remember the math…. Assuming, Tony is playing the early pick5 at Belmont and has found a single that should be a big price (#2 in race 4)…. Let’s assume Tony feels his “single” has a 25% chance of success and in the other four legs Tony feels he has an 80% chance to score.
On a “caveman ticket”, this means .8 x .8 x .8 x .25 x .8 = .1024
So, Tony has a 10% chance to hit this ticket or a 9/1 chance…. If he’s correct with his probability estimates and even though it’s hard to know exactly what the pick5 payout might be, he definitely has value at 9/1!
But, if his actual probability is .5 x .5 x .5 x .15 x .5 = .0094, he has a 1% or 99/1 chance of hitting his ticket….
Most of us know this, but just wanted to share a friendly reminder on how hard it is to hit the pick5! Most importantly, and even though it’s a best guess, it’s valuable to assign probabilities to each leg and make a forecast for success.
Not sure why I feel the need to share this; but, oh well....