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Originally Posted by gambler844
Im trying to figure a good way to get an approximate place payout from the win payout.
Is 40% of win a good estimate of pace?
Thanks for any help
ed
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I don't know of any hard and fast rule of thumb- I do know it relies on 3 things after the takeout and that is:
1-amount bet into the place pool
2-amount wagered on your selection assuming he runs 1st or 2nd,
3-the amount wagered on the other horse that runs 1st or 2nd.
There used to be a couple of guys (w/calculators) who sat in the stands at Laurel watching the tote and would estimate the show payoffs and wager or not according to their projections. seemed like a lot of work to me, but then I am not a place or show bettor.
