Dodd,

The return depends on where you are placing your bets! For IAS Divi+ returns (or Sportingbets equivalent) the loss on backing all horses that start at $2.00 on the Victorian TAB is around 8% (if you back them on the TAB you will lose closer to 12%). Strike rate for these runners is a bit under 45%. So if you put $100 worth of bets on then ON AVERAGE you will get around $92 back in divs (so you will be down $8). If you did the same thing at the casino on Red or Black on the roulette wheel you would expect to get back around $97.

I am NOT suggesting you go to the casino instead - merely that you need to do a bit more work than just picking a horse because it is showing a price of $2.00. You can definitely make a profit on the short priced runners but you need to be more selective than simply backing all runners at the price.

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"Computers can do that????" - Homer Simpson