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Originally Posted by dean smith
I understand the practice is often frowned upon in handicapping circles, but when -- if ever -- is betting two horses to win in the same race a good idea? If one of you "math guys" could break it down for me, I'd really appreciate it.
Every great once in awhile, I'll come across a race where I think the top choice(s) are very beatable and I find my top choices to win are going to post with (for instance) 8-1 and 10-1 odds.
I understand by putting ten bucks on each that I'm really now betting 4-1 and 5-1, but if I feel strongly about each having a legitimate shot to win, wouldn't everyone take 4 or 5-1 on their top choice?
Or, is their a better way to approach this situation? In other words, does anyone know the "textbook" way to play this? How would that hypothetical $20 be better used?
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For my 2 cents...play an exacta box! But that's just a way to cover your butt if you didn't pick the winner. GRL