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Special Note for tracks that report $1 payoffs
ALL-Ways versions 6.0 and higher will automatically process the Exotics
Results Datafiles just like the Flash Results files. There is one
caveat, however. The Exotic Results Datafile does not indicate
the base amount of the wager, so ALL-Ways must assume the payoffs
are based on $2 wagers. This works fine for win, place, show and
Daily Double payoffs at all tracks in North America. However,
there are a few tracks that report Exacta, Trifecta and Pick 3
payoffs based on $1 wagers, such as all major California tracks.
To obtain accurate Exacta, Trifecta and Pick 3 wagering analyses,
it is necessary to manually double the payoffs using the Results
Update Module in ALL-Ways so the payoffs are based on $2 wagers.
Version 8.0 of ALL-Ways, to be released in December 1999, includes a new
feature allowing you to tell ALL-Ways if the track reports $1
payoffs. Then ALL-Ways will handle this $1 payoff issue
automatically. You will also be able to process the Archived
Exotic Results Datafiles a second time in Version 8.0 and ALL-Ways
will automatically and retroactively make the $1 to $2 adjustment
for you.
Note that the $1 payoff issue does not have any impact on running the Top 3
Analysis, the Impact Value Analysis or the win, place, show and
Daily Double figures in the Database Run Analysis Report. It also
has no impact on creating Handicapping Profiles either manually
or automatically using the Multiple Regression Analysis functions.
One acceptable strategy for tracks that report $1 Exacta,
Trifecta and Pick 3 wager payoffs would be to go ahead and
process the archived ALL-Ways Datafiles and corresponding Exotic
Results Datafiles and use the new ALL-Ways Database to create
Handicapping Profiles. Then, after you obtain ALL-Ways Version 8.0,
let ALL-Ways go ahead and automatically make the $1 to $2
adjustment.
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