place div price drop

[GREENGRASS]

Hi
I have been following a place system that i put together,over the past three months backing every day average six bets a day its returned 70%placed horses,average return between$1.50 and $3.00.
I have only bet in small amounts $5 in the past and would like to know what affect a $50 bet would have on the place div.
thanks for any advice
Don

[Merriguy]

System sounds good, Don.

I'm sure $50 would make no difference at all. Here it is 30 minutes before the start of the last at Gosford, and the Place Pool is already $14,000 --- and that's only the NSW Tab. It is almost $6,000 on UniTab too.

Might make a (very) little difference when you are considering poor level country mid-week meetings.

[KennyVictor]

If there's 9000 in the pool I reckon there would be 3000 being paid out on your horse (if there's a third of the pool going to each place getter).
If the horse is paying $3 and $3000 is going out then it seems there must be 1000 winning bets on it or $1000 in bets.
If you add your $50 there will be 1050 bets to share the $3000 between giving a payout of 3000/1050 or about $2.85.

If the horse is paying $1.50 there would be 2000 winning bets so it becomes 2050 with yours making the div 3000/2050 = $1.46

Double the size of the pool and you would half the difference your bet makes.

My logic could be wrong and I worked out the maths on a bit of paper so that probably is wrong, but that's the way I see it.

KV

[GREENGRASS]

Thanks guys for the imput
DON

[Part Time Punter]

Your place system sounds good Greengrass.

Do you wish to enlighten us a little futher on your methods.

Thanx Dave

[GREENGRASS]

Your place system sounds good Greengrass.

Do you wish to enlighten us a little futher on your methods.

Thanx DaveThree months is still early days but upto now its doing really well,sorry but if i revealed my method it wouldnt be any good to anyone.
good luck with your punting
Don