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	<link>http://racingasiseeit.com/WP</link>
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	<lastBuildDate>Mon, 05 May 2008 21:51:34 +0000</lastBuildDate>
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	<item>
		<title>The effects of takeout starting with $100,000</title>
		<description><![CDATA[

After Race
15%
20%
25%
30%
35%
















1
85,000
80,000
75,000
70,000
65,000


2
72,250
64,000
56,250
49,000
42,250


3
61,413
51,200
42,188
34,300
27,463


4
52,201
40,960
31,641
24,010
17,851


5
44,371
32,768
23,730
16,807
11,603


6
37,715
26,214
17,798
11,765
7,542


7
32,058
20,972
13,348
8,235
4,902


8
27,249
16,777
10,011
5,765
3,186


9
23,162
13,422
7,508
4,035
2,071


10
19,687
10,737
5,631
2,825
1,346


]]></description>
		<link>http://racingasiseeit.com/WP/?p=51</link>
			</item>
	<item>
		<title>Number of wagering combinations depending on field size</title>
		<description><![CDATA[

Field Size
Win
Quinella
Exacta
Trifecta
Superfecta
















3
3
3
6
6
X


4
4
6
12
24
24


5
5
10
20
60
120


6
6
15
30
120
360


7
7
21
42
210
840


8
8
28
56
336
1680


9
9
36
72
504
3024


10
10
45
90
720
5040


11
11
55
110
990
7,920


12
12
66
132
1,320
11,880


13
13
78
156
1,716
17,160


14
14
91
182
2,184
24,024


20
20
190
380
6,840
116,280


Number of wagering combinations for average field size


Ave. Field Size
Double
Pick 3
Pick4
Pick5
Pick6
















6
36
216
1,296
7,776
46,656


7
49
343
2,401
16,807
117,649


8
64
512
4096
32,768
262,144


9
81
729
6,561
59,049
531,441


10
100
1,000
10,000
100,000
1,000,000


11
121
1,331
14,641
161,051
1,771,561


12
144
1,728
20,736
248,832
2,985,984


]]></description>
		<link>http://racingasiseeit.com/WP/?p=50</link>
			</item>
	<item>
		<title>Morning Line</title>
		<description><![CDATA[A morning line is someone’s estimate of what each horse’s closing odds will be. It also could be someone’s opinion of what they think each horse’s chances should be. I’m never quite sure which one the author of a morning line is trying to convey. I do know that many morning lines are mathematically incorrect. [...]]]></description>
		<link>http://racingasiseeit.com/WP/?p=49</link>
			</item>
	<item>
		<title>Effects of Box Wagering in a Trifecta Pool</title>
		<description><![CDATA[Listed below is a 7 Horse field with each horse’s theoretical chance to win, place and show.  


Horse
Win
Place
Show
Total


1
0.55556
0.22778
0.07889
0.86223


2
0.22222
0.32999
0.22222
0.77443


3
0.11111
0.22222
0.27333
0.60666


4
0.04762
0.08624
0.16295
0.29681


5
0.0303
0.06722
0.11668
0.2142


6
0.02299
0.04615
0.09911
0.16825


7
0.0102
0.0204
0.04682
0.07742


Total
1.00000
1.00000
1.00000
3.00000


 If each horse were to be wagered on in exact proportions to it’s assigned chance of finishing first, second or third, a near perfect distribution of money wagered on each combination would look as follows:
Note: Place [...]]]></description>
		<link>http://racingasiseeit.com/WP/?p=48</link>
			</item>
	<item>
		<title>My Perspective On Racing</title>
		<description><![CDATA[By Dana Parham 
I have been a fan of horse racing for over 35 years and have been involved in many capacities, as a racehorse owner, farm owner, breeder, and player. 
Being passionate about racing I can’t help but feel a growing anxiety about the state of racing today and the challenges it continues to [...]]]></description>
		<link>http://racingasiseeit.com/WP/?p=47</link>
			</item>
	<item>
		<title>Win Pool with a 20% Takeout and Dime Breakage</title>
		<description><![CDATA[

New wager
Pool size
Pool after take
Amt on winner
Odds
$1 Payout
$2 Payout
Breakage
%Loss on new wager
Profit


0
100,000
80,000
5,000
15.00-1
16
32
0
0
0


1000
101,000
80,800
6,000
12.47-1
13.4
26.8
400
16.25%
12,400


2000
102,000
81,600
7,000
10.66-1
11.6
23.2
400
27.50%
21,200


3000
103,000
82,400
8,000
9.30-1
10.3
20.6
0
35.63%
27,900


4000
104,000
83,200
9,000
8.24-1
9.2
18.4
400
42.50%
32,800


5000
105,000
84,000
10,000
7.40-1
8.4
16.8
0
47.50%
37,000


6000
106,000
84,800
11,000
6.71-1
7.7
15.4
100
51.88%
40,200


7000
107,000
85,600
12,000
6.13-1
7.1
14.2
400
55.63%
42,700


8000
108,000
86,400
13,000
5.65-1
6.6
13.2
600
58.75%
44,800


9000
109,000
87,200
14,000
5.23-1
6.2
12.4
400
61.25%
46,800


10000
110,000
88,000
15,000
4.87-1
5.8
11.6
1000
63.75%
48,000


11000
111,000
88,800
16,000
4.55-1
5.5
11
800
65.63%
49,500


12000
112,000
89,600
17,000
4.27-1
5.2
10.4
1200
67.50%
50,400


13000
113,000
90,400
18,000
4.02-1
5
10
400
68.75%
52,000


14000
114,000
91,200
19,000
3.80-1
4.8
9.6
0
70.00%
53,200


15000
115,000
92,000
20,000
3.60-1
4.6
9.2
0
71.25%
54,000


16000
116,000
92,800
21,000
3.42-1
4.4
8.8
400
72.50%
54,400


17000
117,000
93,600
22,000
3.25-1
4.2
8.4
800
73.75%
54,400


18000
118,000
94,400
23,000
3.10-1
4.1
8.2
100
74.38%
55,800


19000
119,000
95,200
24,000
2.97-1
3.9
7.8
1600
75.63%
55,100


20000
120,000
96,000
25,000
2.84-1
3.8
7.6
1000
76.25%
56,000


25000
125,000
100,000
30,000
2.33-1
3.3
6.6
1000
79.38%
57,500


30000
130,000
104,000
35,000
1.97-1
2.9
5.8
2500
81.87%
57,000


The chart above is an illustration of the effects of a win wager and the breakage associated with the wager. This also demonstrates the negative effects a bettor can have on his own return. Because of exorbanent takeouts and breakage that ractracks and governments [...]]]></description>
		<link>http://racingasiseeit.com/WP/?p=44</link>
			</item>
	<item>
		<title>Chance of winning the pick 6</title>
		<description><![CDATA[

Real Win Odds
Chance of Coming In
Tickets Hit/Billion
Odds


1-1
.015625
15,625,000
63-1


2-1
.001371742
1,371,742
728-1


3-1
.000244141
244,141
4095-1


4-1
.000064
64,000
15,624-1


5-1
.000021433
21,433
46,656-1


6-1
.0000085
8,500
117,646-1


7-1
.000003815
3,815
262,122-1


8-1
.000001882
1,882
531,349-1


9-1
.000001
1,000
999,999-1


10-1
.000000564
564
1,773,049-1


15-1
.00000006
60
16,666,666-1


20-1
.000000012
12
83,333,332-1


25-1
.000000003
3
333,333,332-1


30-1
.000000001
1
999,999,999-1


35-1
.0000000005
.5
1,999,999,999-1


40-1
.0000000002
.2
4,999,999,999-1


50-1
.00000000006
.06
16,666,666,666-1


60-1
.00000000002
.02
49,999,999,999-1


70-1
.0000000000078
.0078
128,205,128,204-1


80-1
.00000000000354
.00354
282,485,875,705-1


90-1
.00000000000176
.00176
568,181,818,181-1


100-1
.000000000000942
.000942
1,061,571,125,264-1


]]></description>
		<link>http://racingasiseeit.com/WP/?p=42</link>
			</item>
	<item>
		<title>Tote Board</title>
		<description><![CDATA[TOTE BOARD

One thing that a racetrack could do to make things easier for its patrons is change the way we present the odds. Currently we display odds in an antiquated fashion displaying odds like 3:2, 4:5, 1:9 (which really mean 1:10 or even 1:20). This is confusing to the new fan and at the same [...]]]></description>
		<link>http://racingasiseeit.com/WP/?p=41</link>
			</item>
	<item>
		<title>My Presentation at The 2007 Racing Symposium!!!</title>
		<description><![CDATA[Good morning,
Before we get started:
I’d like to thank Doug Reed, The University of Arizona, and all the students in the Racetrack Industry Program.
I would like to thank everyone for attending and I am honored for this opportunity to give some of my views on racing.
I have prepared a folder of material that covers many of [...]]]></description>
		<link>http://racingasiseeit.com/WP/?p=37</link>
			</item>
	<item>
		<title>Occasional Papers</title>
		<description><![CDATA[Below is the first hand account of William C. Freund, Ph.D. Director of the William C. Freund Center for the Study of Securities Markets at the Lubin School of Business Pace University during his tenure as Senior VP and Chief Economist at the NYSE.  I&#8217;ve posted this account which I believe demonstrates the power of lower [...]]]></description>
		<link>http://racingasiseeit.com/WP/?p=22</link>
			</item>
	<item>
		<title>Timeline of NYSE 1961-2007</title>
		<description><![CDATA[Timeline of NYSE 1961-20071961 ave. daily volume exceeds 4 million shares
1975 fixed commissions abolished
1976 odd-lots trade enabled
1979 major upgrade in modernization of its trading floor
1982 first 100 million share day
1984 super dot 250 launches
1992 ave. daily volume surpasses 200 million shares
1997 trading in sixteenths
1997 volume tops 1 billion shares
2000 decimal pricing begins
2001 volume tops 2 [...]]]></description>
		<link>http://racingasiseeit.com/WP/?p=21</link>
			</item>
	<item>
		<title>Racing As I See It</title>
		<description><![CDATA[The following is my presentation of Racing as I see it.
]]></description>
		<link>http://racingasiseeit.com/WP/?p=16</link>
			</item>
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