there are a multitude of combinations in paramutual wagering. the greater the risk, the greater the pay off. If you want to have a good chance of winning (or not losing) your bet, just bet the $40 "across the board", meaning that if your horse wins, places or shows, you will win that pay off amount. Trust me you will get lots of free advice at the track. Here's my tip. Bet on the winner of the Arkansas Derby. Past winners include Smarty Jones, and Curlin most recently.
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