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jberryhill

(62,444 posts)
1. Horse races aren't decided by elections
Wed Sep 17, 2014, 02:55 PM
Sep 2014

In fact, there is an "election" held prior to a horse race.

The iron law of pari-mutuel wagering, and this has been empirically constant over decades, is that the favorite - i.e. the one receiving the most "votes" - only wins 1/3 of the time.

Elections aren't decided by the candidates, they are decided by the voters.

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