Any multi-win wager should trounce the parlay.
Assume the win takeout is 16% -- you're getting six separate bites of it over the course of the bet.
Where as, for instance, a pick 3 with a 20% takeout is a single bite, so obviously it figures to pay more than the parlay.
The popularity of these low minimum 12% and 15% takeout pick 5's is understandable because they are an extremely favorable bet and they always obliterate the parlay.
However, they're a perverted bet in a sense that the lower takeout would be much better for everyone if it came in the form of a wager that was high churn and easy to hit.
I've always believed that a track should experiment with like an 8% takeout in the place pool.
Leave the takeout rates the same for all other bets -- but make place bets 8%. I think you'll see the handle in the place pool soar dramatically (obviously) and it would also have a very positive impact on the handle of exotic wagers over time.
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