Comparing Pegasus and Breeders’ Cup Payouts

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A race between two great horses can offer a dilemma for handicappers.
Do you buy into the logic of the moment, play the two favorites and accept the meager but seemingly certain payoffs?
Do you become a contrarian and bet against both horses, hoping for a huge payoff?
Or do you take a position that one of the big horses will prevail and that the battle will sap the stamina of the other, paving the way for some longshots to fill out the exotics?

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