This is a subject close to my heart and I'm pretty sure young Crash skirted the concept in one of his informative posts. To beat my drum again, I only bet on the place for what I call favorites so I'm subjected to pitiful returns but of course the strike rate more than copensates.

Crash's theory went along the lines of the fewer times you bet the less you lose. (If I've got the wrong end of the stick Crash I apologise, it's just something that stuck in my mind and was a long time ago).

Since most peoples wagers come down to a trade-off between strike rate and dividends it sems to me that it makes sense "work wise" to aim for he highest strike rate possible (ie. the fewest number of bets). Reduced work load for same return !

__________________
"Not winning on a horse that came first is one thing.....Losing on a horse that didn't come first is something else entirely!!!"