thanks for that Darky, i am interested in place betting,last year i thought i hit the holy grail. I devised a system that i trialled from Aug 3 2010 to Dec 24 2010
there were 261 bets with 180 wins. highest place div was 2-80 lowest was 1-60
total return on a $1 stake was $359-70 good but could be improved upon.

I did a recheck using a 5% stake of bank balance with the following results

Aug 3 2010 Bet no 1 $15 Bank bal = $300
Sep 15 104 $100 $2100
Oct 8 134 $192 $4288
Oct 17 154 $603 $13339
Oct 23 162 $1051 $23449
Nov 2 173 $2080 $35927
Nov 22 200 $10685 $129410
and so on but this became obviously unworkable the stake on Dec 24
would have been $97060 and the balance $2,115,923.i will continue on next posting