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Sahasastar,
Take the profit. Divide it by the MAXIMUM win dividend. The higher the number, the more likely to succeed. 16 races is unfortunately a drop in the ocean, you need close to 1,000 to get any clear indication. If the profit is made up from 1 or 2 winners (based on the above calculation), then relax and take it carefully, it is not likely to succeed. Here is an example of what I would call likely to succeed. Selections: 586 Winners: 289 Strike Rate: 49.32% Profit: $60.60 POT: 10.34% Average Dividend: $2.24 Maximum Dividend $2.90 20 runners make up the profit based on the maximum win dividend. The chances of 20 occurrences being a coincidence are very small indeed, over 586 bets.
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