The Pim Special/Preakness double will-pays provided a pretty fair forecast of the actual win odds at post time:
Predict Actual
Orb 0.6 0.7
Golden 9.6 9.5
Title 59.1 22.3
Depart 9.8 10.2
Lute 12.6 10.9
Ox 17.6 15.4
WTC 11.7 11.1
Gov 11.1 9.4
IMLD 8.7 8.5
The largest error involved Titletown, who got a lot more play on Saturday than he did in the Friday pool. Not only the Saturday win pool, but in the exacta pool as well. A lot of press in the local papers about his celebrity connections or just the occasional player looking for a score with the longest shot on the board?
The overall method, unfortunately, was less fair at predicting actual Preakness exacta odds than win odds, and it was rather poor at predicting tri and super payoffs. Would require somebody smarter than me looking at a large sample to determine the effects of boxing and wheeling and otherwise spreading out in the exotics before I could firmly conclude that there was some \'smart\' or \'hidden\' money on the winning tri and super tickets.
[u]Winning $1 Payout[/u] [u]# Winning Tickets[/u]
Predict Actual Predict Actual
Exacta $204 $151 44,388 59,941
Tri $2,912 $1,031 3,207 9,638
Super $5,260 $1,818 870 2,680
Hi 5 $32,643 $16,094 8 17
On the surface, I don\'t see \'value\' in these payoffs for an average player; but there is obviously tremendous value to the presumed small number of players who snatched up over half of these very large mutuel pools. Any insight or opinions would be appreciated.