Osulldj,

It isn't reasonable to compare $1 win or $1 place with $1 each way as the each way betting is therefore risking twice as much. If you compare $1 win with $1 place or 50c each way (so each option is risking $1 total) then in your sample the each way would actually show a $50.30 loss (so half way between the win loss and place loss as you would expect).

For a longer term look at the Friedman Family selections you can have a look at the tipping competition results: http://www.tlcbc.com.au/tipping.htm

There is 13 weeks of results for all three family members there. Based on those results you would have to say you would be best backing for place only but you would need to be a bit more selective as backing all selections would give a loss.

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