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I have learned to limit my bet size to a certain race (including all linked exotics (DD,P3,P4...) and exotics (ex, tri) and straight pool
as I have found my results are either
1- hit race and ran like I thought it would
2- rather close (mostly ran like I thought but 1 horse popped)
3- missed race
so if you are used to betting $X to win on your pick, I would still bet $X on the race but divided among the 2-3 runners
flat bet (5,5,5), my rank bet (6,5,4), dutch bet (8,4,3-or whatever odds dictate) all seem to do well and of course each short period of races has one out-performing the others
I like this approach because it reduces variance and losing streaks - and pay-offs are frequently similar to odds-on favorites
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