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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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Dean ,as you can read there is as many opinions on betting as there is stars in the sky. Which answer is right? all of them, because each person will bet with what they are comfortable with. If you bet two horses and can make a profit then you are right. Trust your own opinion before others, unless you think one is better than yours.