Hi, I am a place bettor and don't do dutching, but here is what I do, and it works excedingly well, it may work for you too instead of dutching.
I select the horse paying the highest place divi above or = $2.00 from my first four selections. That's it. I could go for the win also but I am more comfortable with place (I put a few bucks on for win as well but not in a true each way fashion).
If you are worried about a short priced fav., Don't! Just look at Canberra race one and two today. both winners were only my second selections and actually won despite the short fav. It happens often enough I can assure you.
I think by dutching you always finish up with short odds.
I'm sure the devotees of dutching will disagree.
Good luck!