4 thoughts on “Betting on horse racing – Working out place odds from win odds

  1. I have been banging my head against the wall with this for quite some time now. I came up with the exact same method, back-tested it against historical data and found out it does not work, although it does give a rough estimate most of the time.
    I just cannot figure out which factors that influence the place odds are not already discounted in the win odds. Often I see two horses with the exact same win odds and greatly different place odds and struggle to understand why.

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