OK well lets do some hard Horse Racing stats.

Consider Sat metro races for MSBA in races of minimum 8 runners (three place divs) where the Favourite returns an SP of $2.00 or less. Using NSW TAB divs results since July 01 until last Saturday are:

WIN
442 races
219 winners
SR 49.5%
-59.6 units
LoT -13.4%

PLACE
442 races
372 winners
SR 84.2%
-10.46 units
LoT -2.4%
ave div $1.17

Further consider the PLACE results. There are at least two on-line bookies that will bet you the BEST TAB PLACE dividend. Getting the best of the three TABs place dividend nets a premium of .08% per winning bet. (ie ave winning div is now $1.25)

Applying the BEST TAB premium renders the place results thus:

442 races
372 winners
SR 84.2%
19.2 units
PoT 4.42%

This is a system virtually devoid of rules. One of the on-line bookies I speak of actually paid an additional 5 cent premium on BEST PLACE div from Oct thru to end of April this year (thank you). You could not lose. It's a little tougher these days although I have not disclosed my entire strategy that includes Favourites up to SP $2.5.