I misunderstood the question.
The $2.80+ selections get up approx 24% of the time.
The expected run of outs for this percentage should be 25.

It may not have occured yet ,but it will when one least expects it, so be prepared for it.
It may happen next month or next year .
Either way ,we will only be on the first 9 out of the 25 outs, hopefully there wont be another run of 25 outs straight afterwards.
That`s why we cease betting after 9 consecetive looses , then start again once one gets up for us .

The majority of the time ,the winner was struck within 8 bets.

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Cheers.