How much to bet win and place?

[Bernie]

I have a spot play system I'm very happy with. It gives on average 3-4 plays a day across all tracks. On 2300 plays, the win% is 14%, the ROI 51%, and the average payout $21.30. On place bets, the success rate is 26%, the ROI 22%, and the average payout $9.50. I've been putting a bit more on place than on win (I don't like long losing streaks), but I'm curious how and why others might split their bet between win and place with this.

[Glen]

I'd say .50% to .75% of bankroll. 1% might even be kinda risky.

[Cliff]

Bernie,

Sounds like a nice spot play!

I've seen ratios from 2/1 to 5/1 (place/win) bantered about on other boards. Probably depends alot on your total bankroll and comfort level. 5/1 could add up real fast if your win bet is $20.

Regards,
Cliff

[Shadow]

Bernie, I have a spot play that I use, however the payoffs are not as large as yours, I bet win and double my place bet.
Shadow

[tomcat]

Bernie, If I understand correctly, your 1st or 2d pick comes in 40% of the time...?

Howabout a front and back wheel exacta. At those roi's you should be killing them.

[Bernie]

Tomcat,

Only a first choice here. It wins 14% of the time and places 26% of the time at average odds of 9.7 to 1 for the win and 3.7 to 1 for the place. The win ROI is just over twice the place ROI, but the consistency is much lower given the lower win %.