Bhagwan
Hi
I just reread you post and digested the rules again. Race #1.
I was doing the exercise anyway so I will still post. On my data 43691 races
Fav=<$2 6011 races 3044 wins 50.64%. But this is a sliding scale.
$1.50 ...60%
$1.60 ...57%
$1.70 ...51%
$1.80 ...52%
$1.90 ...45.8%
$2.00 ...41.73%
I can not test to first race but I would be limiting the bets to above $1.90.
Beton