Yep, I tried the $100 a day plan once using the 2nd-4th favs and although it probably does work okay, it just didn't seem to be right for me. I found my nerves weren't quite up to the loss-chasing part and also, as a person who does tend to back a few favourites, I found myself getting really mad when the favourite came home and I was on 3 other horses!!! Especially when in a lot of instances, I would normally have bet on that favourite.

I think it might be better to use ratings with this plan. Either your own or those of a professional service. Back the top 3 rated horses in a race to return a certain amount. They may be favourite or they may be 20-1. I rated 9 races yesterday and I found 6 winners on top as well as two winners with my 3rd rating horse, so I would have only had to chase losses after one race. The down side is that with the proportional betting, I wouldn't really have got any more for backing Danni Martine ($18.90) than Celtic Trial ($2.30).

Also, in answer to the initial query, the $100 a day plan is about TAB betting, not pre-post betting. Not sure how pre-post betting would go.