I've heard both schools of thought -- on betting place (and show for that matter). I've also heard similar thoughts when it comes to exacta wheels and back-wheels.
I don't know if there is a right or wrong answer, but I've used place and show as a "hedge" against my win. I've collected on the place and show wagers and I've lost both of them along with my win bet. I think the exacta discussion is a bit circular -- pick a horse on top, key up on 1 or 2 exactas, have your horse win, but not hit the exacta. I am sure these #'s come out all over the board, but if I can't really feel as confident on my 1 or two key exactas, then I think it makes sense to look for value (especially if I feel the favorite exacta, and the second horse isn't offering value, is probable not to be there, etc.). I certainly don't want to lose as much or near as much on the gimmicks as I've won on the win bet (although those will be low priced horses, #'s, etc.).
Any thoughts from the pro's, serious players, etc.? Thank you.
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