One method that is often overlooked by punters , is betting to price , targeting a set take out figure.

This method is favoured by Bookmakers & certain Professional Punters because the figures take on a similar Liability shape as reflected to when they are balancing their Book values to make a profit on multiple selections, no matter which horse wins.

This is considered to be the strongest approach according to Bookmakers,
mainly due to the fact that generally , more of our shorter priced selections tend to win, than our longer priced selections & it evens the spread of money over these values ,more evenly..

Example over 3 separate races
Price 2.50 -Take out 50.00 = O/L 20.00

Price 11.00 -Take out 50.00 = O/L 4.55

Price 3.00 -Take out 50.00 = O/L 16.65

Total O/L over the 3 races is 41.20
To return 50.00
Profit if just one of these gets up +8.80

If just one of the 3 gets up , we are in profit +8.80
If 2 get up , that's a bonus.

Where as at level stakes , we would only be in profit if ...
2 selections get up
0r
The one at the longest price gets up.

It is natural for a punter to have second thoughts to place the same amount on a 40/1 shot as he would on a 2/1 shot.
What usually happens is that the punter frightens himself off the selection, as soon as he claps eyes on its price, then bets something else at a shorter price , only to see his 40/1 pop get up to win , that's when he rants,...
"I was going to bet that ,but changed my mind"

Now if he bet it to price say 40.00 To take out $50.00 = O/L 1.25
He would feel a lot more comfortable with his original decision, & more likely to have made the bet , after all , there may have been a good reason why it qualified as a selection in the first place.

The downside to this approach is that we miss out on the big payers if they arrive , but if one looks at most selection plans , they nearly all lose at level stakes, mainly because they say, that the shorter payers that got up did not pay enough.
In other words they put too much on the losers & not enough on the winners , which are usually the shorter payers.
So Betting to Price tries to address this situation.

One could bet to a min price of say... (Optional)
$3.30 ,even though its actual price is less than this , that way we are not over betting the really short priced horses that may fall over any way & it wont take as long to recover those losses because there would be less to recover.
Example
2.00 T/O 50.00 = O/L 25.00 (Loss if it losers.)
3.30 (actual price 2.00)T/O 50.00 = O/L 15.15 (Loss if it losers.)
That's a 40% difference in O/L for minimal profit advantage.

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Cheers.