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Follow up to Richard's posts
I've been mulling over Richard's thoughtful posts on this thread and decided to do a little work in Access combining Rx win percentages and win payouts. This chart deals solely with Rx3 and dirt sprints. While he wrote in terms of Expected Value (EV), I'm more accustomed with the $1 ROI. The lesson here is that you shouldn't blindly bet one of the top three Rx3 horses. Handicapping is still required. The fourth ranked Rx3 horse is a puzzle though. I scanned the payouts and with the exception of two big numbers, most of the payouts are healthy double digits.
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