95% of my wagers are p3s and p4s.
I really don't think there is specific value in which leg you beat the favorite in.
I always try to start thin and finish wide. My thinking is that a lot of people just want to "stay alive" and single in the last leg. In fact you will see a lot of times the closing leg p3 favorite will be an underlay, and a middle shot, say 10:1 might actually be 25:1 in p3 and p4 pools. I can remember @ HWD hitting a p4 with 2/1,8:5,3:1,15:1 paying over 1400 for $1
so in conclusion, I say try to beat the fav in the last leg - in fact look at yesterday's late p3,p4,p6 @ Belmont... 19:1 shot in last leg lit up the entire bet. all favs then 19:1
p3 = 300+ ( 4:5 / 2:1 / 19:1 )
p4 = 900+ ( even money / 4:5 / 2:1 / 19:1 )
each for $1
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