4. You are quickly promoted by the Senior Management at SOVA Endeavours as head of its newly created Alternative Speculative Investment Fund (ASIF) ($100 million initial starting capital). Your initial investment seeking trip leads you to evaluate the three largest publicly traded horse racing gaming companies [ACE Bookies; BetterBets (BB); Punters Paradise (PP)] at the World Horse Racing Cup Festival. These three companies have locked in their Odds for the Worlds Richest Horse Race - The $25 million Punters' Cup - as follows:

Each Bookmaker will accept a wager of up to $5 million on any win bet in this horse race.

Posted Odds to Win (eg. 5 => 5 to 1; 9/2 => 4.5 to 1)

Horse	ACE	BB	PP
Arrow In	5/2	3	5/2
Browser Faster	5	4	4
Caddy Scare	21	22	47/2
Double Shot	9	8	10
Easy Way	20	19	18
Flat Out	6	5	13/2
Going Away	4	5	9/2
Hold Two	140	140	150
I Needed That	50	40	40
Jacks RBetR	30	35	30

After evaluating this Odds Board what is your assessment of each Gaming Companies Risk Pricing management?

How would you approach this race as an potential opportunity for ASIF?

Show your calculations (i.e. tables, graphs, etc.) that your support your evaluations and investment opportunity strategy