Niko
09-16-2003, 07:56 PM
I recently changed my exacta strategy to try something new and it didn't quite work the way I planned. It did however remind me of an old article by Dick Herter who made his living betting in Florida (his words) and wrote articles on Greyhound Handicapping (I actually had a good spot play for that).
I was wondering if someone could test his method (using favorites as the key horse) or what other peoples views on his concept of exotice wagering are.
Basically what it was is as follows. *In Greyhounds he bet quinellas but the same concept could be applied to exactas.
He would key one greyound and bet in the proportion of $2 on the lowest 2 odd combinations and $2 on the highest paying combination. The other 4 he would bet in $3 combinations. The reason he did this was because the 2 lowest paying combinations would generally be overbet and less profitable and the longest paying combination would have a very low hit rate and also tended to be overbet in relation to it's chances of winning. He made his real money on the combinations inbetween but bet all to smooth out his bankroll (or he still made a little money, it was too long ago to remember all the details)
Does this hold true for the horses?
Are the low paying combination exactas overbet in relation to to their chances of winning and do they lose more than the track take? I know the highest combinations do. His idea seems to make some sense but I don't have to data to prove or disprove it yet.
This came up because I was using a new method and was trying part-wheels in the exacta. I would bet 5 combinations and the 6th horse would come in, 6 combinations and the 7th etc. I'll go back to keying with 2-3 horses, easier to make a profit.
I was wondering if someone could test his method (using favorites as the key horse) or what other peoples views on his concept of exotice wagering are.
Basically what it was is as follows. *In Greyhounds he bet quinellas but the same concept could be applied to exactas.
He would key one greyound and bet in the proportion of $2 on the lowest 2 odd combinations and $2 on the highest paying combination. The other 4 he would bet in $3 combinations. The reason he did this was because the 2 lowest paying combinations would generally be overbet and less profitable and the longest paying combination would have a very low hit rate and also tended to be overbet in relation to it's chances of winning. He made his real money on the combinations inbetween but bet all to smooth out his bankroll (or he still made a little money, it was too long ago to remember all the details)
Does this hold true for the horses?
Are the low paying combination exactas overbet in relation to to their chances of winning and do they lose more than the track take? I know the highest combinations do. His idea seems to make some sense but I don't have to data to prove or disprove it yet.
This came up because I was using a new method and was trying part-wheels in the exacta. I would bet 5 combinations and the 6th horse would come in, 6 combinations and the 7th etc. I'll go back to keying with 2-3 horses, easier to make a profit.