I don't think assigning a budget to your P4 plays is a good way to go about it. I think you should let the sequence dictate what you spend. There are some sequences (like big NYRA stakes days) where you'd be foolish to spend more than $24 if you don't think more than one favorite can be beat. Then there are days that you realistically need $200 to give yourself a shot and it would be foolish to waste $24 on a limited ticket.
I definitely think the ABC method is the way to go though the majority of the time.
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