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"at less than even money place bets are usually recommended because they price out with an advantage"
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This is not true. It's dated info.
There are some sub categories of races/horses that can put a dent in the track take, but there is no broad advantage. You would still have to handicap the races carefully and find the less common favorable situations.
That's what I was doing.
I was looking at all the very short price horses in the place pool and trying to selectively weed out the weaker ones, find the stronger ones, and look at the details of the place pool. I did very well for awhile with rebates, but my rebate was lowered and then when they changed the place/show calculations to Net Pool Pricing (look it up if you are unfamiliar with the change) it lowered the place and show prices on short priced horses by a few percent on average. So the advantage I had was reduced to the point where I wasn't sure it was worth the effort. So I stopped focusing on it.
