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Originally Posted by ELA
I didn't mean to start an arguement here, LOL. I understand the points made, and absent of specifics, a specific race, facts, etc., we are speaking conceptually. I thought there might be a "norm" or "smart play" kind of thing.
I guess the real answer is -- for me -- in this situation, is to very quickly seek out my friend Andy and ask him what to do, LOL.
I think in every situation we tend to weigh risk/reward, our interpretation or perceived "value" so to speak, emotions I would guess, and experience, along with a host of other elements.
Generically speaking, I think in certain situations place -- and show -- betting can be used as a hedge. I've bet plenty of horses -- who were not the favorite -- across the board, where they've run second or third. Running second, I make money somtimes -- of course not a lot. Running third, I mostly lose money, but get something back. Perhaps this is a "whimp" way of looking at it and playing. But I've done this when I don't have strong feelings and opinions about gimmicks.
On the other hand, how could you use the exacta as a hedge? If you bet an exacta (or a couple of exactas) with the favorite on top -- you are betting against yourself -- right? Use the non-favorite on top and he comes in, but you don't hit the exacta, you diluted your win (or WP, WPS) bet, right?
I completely understand this is far to generic in nature in order to arrive at an answer.
Anyway, thank you again for your advice and again, pardon my naivete.
Eric
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