Just browsing this thread and have the following comment;

If a horse is showing $4 for the win i.e. $3 to $1 (your stake), then you would have to be looking for $2.80 the place i.e. $1.80 being 60% of the $3 win price + your $1 stake?

If it is 60% of the Winnings & Stake then you are only looking for $2.40, not $2.50.

Am I missing something?

Gerry