Betting $1 on 26,000 races: Stated win rate betting on the post time favorite is 37% This equates to a loss of 16,380 of original 26,000. Earnings must then

Betting $1 on 26,000 races: Stated win rate betting on the post time favorite is 37% This equates to a loss of 16,380 of original 26,000. Earnings must then come from the 9,620 bet on favorites that won. Assuming the 55,000 is winnings (and not a total including original 9,620), this would equate to an average odds of better than 11/2. If reduced by the 9,620 then odds come down to a bit over 9/2 My experience in horse racing (regular and harness) is that odds on the favorite of 11/2 (or even 9/2) are extremely rare and certainly not the average. A realistic figure is 3/2 over the various field sizes (smaller fields tend to go close to even money, larger to 2/1 or so). So yeah, the data as presented appear flawed.