Testing binomial probability equal even money on Horse betting ... first place winner ...

Odds around 3.0

W & LW has 50% chance to win

LL has 50% chance to win

V-ODDS 3.81 W

V-ODDS 3.63 W

V-ODDS 3.29 L

V-ODDS 3.77 L

V-ODDS 3.75 L

V-ODDS 3.62 L

V-ODDS 3.15 L

V-ODDS 3.24 W

V-ODDS 3.15 W

V-ODDS 3.57 L

V-ODDS 3.34 W

V-ODDS 3.06 W

V-ODDS 3.97 L

V-ODDS 3.73 L

V-ODDS 3.88 W

And i also test higher odds around 6.0 with binomial calculation

V-ODDS 6.18 L

V-ODDS 6.76 L

V-ODDS 6.54 W

V-ODDS 6.30 L

V-ODDS 6.00 L

V-ODDS 6.75 L

V-ODDS 6.07 W

V-ODDS 6.91 L

V-ODDS 6.98 L

V-ODDS 6.55 W

This is pretty amazing :-)