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Money back
For some time some ADWs have advertised a promotion on certain races where they return your win bet if the horse places or shows. The bets are limited to modest amounts and sometimes are withdrawn if the field is too small. For example Expressbet had this promotion on all races at Belmont both Friday and Saturday (22 races).
At first blush I thought of betting the favorite, expecting to win 1/3, lose 1/3, and push 1/3. And indeed this was a profitable strategy for those two days.
Does anyone have a better betting idea?
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“Man is a slow, sloppy, and brilliant thinker; computers are fast, accurate, and stupid.”
― John Pfeiffer
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