"Throughout the years, there have been many articles on the advantages and disadvantages of these multirace wagers. Many authors have endorsed playing Pick Threes and Pick Fours by suggesting that their multirace structure results in a superior betting proposition. The reason for this, they argue, is that the track takeout is spread across three or more races. Steven Crist makes this point in his 2006 book, Exotic Betting, using the supermarket concept of buying in bulk as an analogy. Thus, a player betting a Pick Three with a 25 percent takeout would have a better result than if a player used the same horses in a parlay at a takeout of 17 percent..."
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