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Originally Posted by eajinabi
That question is easy to answer.
If you like two horses that are 8-1, 10-1 and if you going to play 20 bucks anyways then I suggest you play a daily double with those two horses in the first leg and 5 horses in the next. Typically it will pay more than playing 10 bucks each to win.
95% of my bets are pick3, pick4 and sometimes DD. I would say it requires some patience but your patience will be rewarded.
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Doubles are a good approach (especially if there's a vulnerable favorite you're trying to beat), but playing a straight up $2 wheel in this fashion makes no sense. If I decide to play a 2x5 double, I'll split it up to maximize value in response to the probables, i.e. if there's a $40 probable and a $200 probable, I'll play the first one for $5 and the second one for $1.
After adding up all of the double costs, if the desired ROI of the double is less than that of a win bet on the two horses, I'll make the win bets or roll the dice and stretch it into a Pick 3.
Basically what I'm saying is I don't like to do 'flat' bets. Even in your $10 win on each scenario, it makes little sense if you think the horses have equal chances and are 8-1 and 10-1. $11 win on the 8-1 and $9 win on the 10-1 would guarantee you $99 regardless of the winner.