If you could find a race where you felt very strongly about 2 horses, it would make a lot of sense. You could bet two $200 doubles, and you could even save with 1 or 2 other horses ($50 doubles) to get yourself even on the entire bet. So you would be spending $500 instead of $1,000.
Your desired goal would still be the same, to win a grand. So you would need your 2 main doubles to pay in the range of $15-20 to achieve this. Your secondary doubles should pay between $25 and $35 to get you even.
Obviously if you found a horse that yielded a double even better than mine above, you could potentially create a huge score for yourself.
The plusses- A huge score could be had, way more than $1 grand. If Bernardini does lose, you only lose $500. You have that other $500 to get out in the last race of the day if you so choose to do so.
The minuses- Bernardini could romp and a bomb or a heavy favorite you thought had little chance could win the last and you'd lose money.
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