Mr jfc.
you have had ample time to correct my mistake. you havent so I must be right. now to the consequences.
you are suggesting that every horse in a race of N has a 1/N chance of winning and a 3/N chance of placing.
please may i pick any horse and you give me N/1 to win and N/3 to place? you will be broke very quickly.
what you are doing is very similar to work of Roger Biggs and impact values. while i respect much of Rogers work i do not believe impact values are as good as the actual vs expected figures that Anomaly Nick talks much of.
if you were to show Nick the figures you suggest he will laugh his head off.

please do not make mistake that just becos i am new to this forum that i am uneducated in these matters. i feel that the above statement from you is very condescending.
Thank you. Winston.