So assume my first bet does not place. I'm down $100. My next bet "comes in at $1.30," so I "shove the 100 back in my pocket and play the all up with the $30." It places at $1.30, so I win $9. Then I bet $39. It places, so I win $11.70. So I have three $1.30 placgetters and a losing bet but I end up nearly $50 down. This doesn't look like the right staking plan for me.

.....If the fav. places, which regularly they do not do and also often pay less than $1.30 the place.

$1000 place bets on favorites would soon cost the guy his house. Sounds like [tongue in cheek?] deliberate poor advice.
If silly enough to play all-ups as well, he'll just lose the house quicker.

Strike rates are so high for these type of bets you can afford to do them.
You can also place bet on Betfair, taking away the volatility of tote prices.
If you don't think you could regularly have successfull all-ups for 3-4 selections, you should be laying them on Betfair, you would clean up.

What your saying is winning on the horses is easy and nobody ever thought of your [simple] idea before because we havn't got a brain between us.

Go to it. Let us know when you have made your first million.

I never said punting was easy. You still need to be selective & disciplined. I feel it is a strategy which has merit, and nobody is asking you to do it. When you come up with a better, more complicated strategy which makes you millions, feel free to inform me. What i am saying is if you don't like the theory, go against it and LAY. You can't have it both ways. Does that make
sense, or should I dumb it down a little?

Dumb it down? I reckon it sounds dumb enough already. You will never get anywhere place betting favourites. One miss and you are up the creek and it's a long way back.

No worries. I wanted to hear peoples thoughts. Got them. Ta.

Youngbuck, I did explain a winning method in this thread but it is obviously too dumb for you. Your a real smarty it seems and need no help from anyone here.

Crash - a peace offering.

Sorry if I came across that way. Don't want to use the forum as a slanging
match, and yes you did give me some good ideas with the punting.
I was just throwing up ideas myself. I got plenty to learn & thats why
i am posting things like this.

Peace offering accepted Youngbuck.

According to a Betfair profit graph, Layers make no more money than backers and the ones the are winning regularly [of either type], are very experienced and hard working punters. There are no 'angles' [short-cuts to profitability] in horse racing, only hard work and experience. Those who think there are angles or short cuts often spend their whole life looking for exactly that, when [ironically] a few years or so of learning the basics of handicapping, money management, being able to work out a priceline etc. etc. might have seen them on the road to a regular profit from the punt.