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Picking long-shot winners is fine. How do you bet them for the best return on investment? Until now, and because of the prices I am getting, I have been wagering equal amounts to win and place, and even show (when odds are more than 15-1)
Part of the challenge will be to make fewer bets by fine-tuning my selections.
However, with all the exotic wagering opportunities offered at the tracks (daily double, pick three, pick four, etc. ) I plan to research the best method for maximizing my average 9-1 winners in those pools.