The two horse parlay

[BELMONT 6-6-09]

A friend of mine has been speaking of success recently with the 2 horse win/place parlay. He has become tired of getting beaten out for an exacta/double/win wager and collecting nothing.

His plan calls for wagering $10 to win/place on a very solid selection preferably in a race with a vulnerable favorite then parlaying the total return on his next advantage selection.

Example: (bet 1) XXX 5.80 win/place return on $10 W/P is $29

(bet 2 ( XXX 6.00 win/place return on $14/$15 W/P is $45

in this example he had two losing win wagers and recorded a $25 profit.
This is a situation with a huge upside had both horses won their races with a built in safety factor considering racing luck etc.

I believe this method can be very rewarding if the player follows a few rules:
(A) Think value by trying to beat a vulnerable favorite
(B) Be very selective with these qualifiers as you want to concentrate on horses that are ready to run today and have an excellent chance of finishing first or second. The premise is always to win!!!!
(C) These wagers can also be wagered separately should only one horse win in the sequence.

Any opinions on this wager.?

[oughtoh]

The way we use to do it years ago the second bet would have been $29 to place and no win bet on the second horse, which would have returned $78. Of course if the second horse would have won, you would get more money back by splitting the bet. My questions is, if the first horse would have won, would you have split the money evenly on the second bet?

[DeltaLover]

Originally Posted by BELMONT 6-6-09

A friend of mine has been speaking of success recently with the 2 horse win/place parlay. He has become tired of getting beaten out for an exacta/double/win wager and collecting nothing.

His plan calls for wagering $10 to win/place on a very solid selection preferably in a race with a vulnerable favorite then parlaying the total return on his next advantage selection.

Example: (bet 1) XXX 5.80 win/place return on $10 W/P is $29

(bet 2 ( XXX 6.00 win/place return on $14/$15 W/P is $45

in this example he had two losing win wagers and recorded a $25 profit.
This is a situation with a huge upside had both horses won their races with a built in safety factor considering racing luck etc.

I believe this method can be very rewarding if the player follows a few rules:
(A) Think value by trying to beat a vulnerable favorite
(B) Be very selective with these qualifiers as you want to concentrate on horses that are ready to run today and have an excellent chance of finishing first or second. The premise is always to win!!!!
(C) These wagers can also be wagered separately should only one horse win in the sequence.

Any opinions on this wager.?

What kind of opinions you are looking for? The situation you are describing here does not leave much room for controversy; each individual bet has its own EV which by no means is affected by whether it is part of a parlay or not.

Money management and bet sizing schema's have absolutely no impact in the bottom line; the only thing you can accomplish with them is to accelerate the effect of your strategy meaning to either lose or win at a faster or slower rate.

[BELMONT 6-6-09]

Originally Posted by oughtoh

The way we use to do it years ago the second bet would have been $29 to place and no win bet on the second horse, which would have returned $78. Of course if the second horse would have won, you would get more money back by splitting the bet. My questions is, if the first horse would have won, would you have split the money evenly on the second bet?

If the first horse won the money would be split equally win/place.

[BELMONT 6-6-09]

Originally Posted by DeltaLover

What kind of opinions you are looking for? The situation you are describing here does not leave much room for controversy; each individual bet has its own EV which by no means is affected by whether it is part of a parlay or not.

Money management and bet sizing schema's have absolutely no impact in the bottom line; the only thing you can accomplish with them is to accelerate the effect of your strategy meaning to either lose or win at a faster or slower rate.

Your point is well taken. The 'lure' of this bet is for a small bettor to run a small amount into a good one with two wins in a row on well thought out selections.

[Redboard]

What did the exactas pay on each of those races? Could you have done better than 5/4, which is what you ended up getting back for your $20 investments, by hitting one of the exactas? Hope I'm reading your question correctly.

[thaskalos]

Originally Posted by BELMONT 6-6-09

Your point is well taken. The 'lure' of this bet is for a small bettor to run a small amount into a good one with two wins in a row on well thought out selections.

I too would like to parlay a small amount into a "good one"...but I've noticed that my winners don't like to come in pairs.

[AltonKelsey]

A parlay is a poor mans DD

With rolling doubles, you are much better off using those, than a two takeout parlay.

[Equifan]

Originally Posted by AltonKelsey

A parlay is a poor mans DD

With rolling doubles, you are much better off using those, than a two takeout parlay.

Excellent point. I sometimes use the rolling double in an attempt to leverage value from an otherwise (for my tastes) un-bettable short price, with a straight wager. And/or, to get maximum value from a price horse.

[traveler]

Originally Posted by thaskalos

I too would like to parlay a small amount into a "good one"...but I've noticed that my winners don't like to come in pairs.

I like round-robin parlays.