I appreciate the passion involved in this study, but here is my question which pertains to betting style: how much does betting a key horse to win and place, as opposed to straight win, effect your ROI? Lately, I've been playing win and place on horses over 10-1. While it "feels" better to collect a place bet when the horse finishes second, over the longer term, how much money am I losing by not putting the whole wager in the win pool (or am I better off with win and place?). In attempting to follow these threads, I believe Andy is on the side of win only. I know the only real way to answer this is to keep track of my key horses and their win/place payouts, but just looking for observations...
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