Has anyone tried to systematically tackle the First 4's?

With some huge dividends, I think there was a $149K dividend over the Melbourne carnival, it would appear to offer the chance for a large payout with hopefully not a large expense.

I see the drawback as being "anything can run 3rd or 4th" hence the cost can get out of control trying to cover too many combinations. Even with flexibet too many combinations leads to a very low % of your flexibet on the winning dividend.

Do we only bet in races with a certain number of starters, say 10-14 runners to ensure we are aiming for significant dividends?

Do we only bet when we can identify 1 or 2 horses to win and maybe upto 4 horses to run 2nd and then go wider for the 3rd and 4th positions?

Are we better to tackle the Quaddie to get a bigger payout than look at the First4?

A quick look at Melbourne Saturday City meetings tends to indicate you cannot ignore any horses with horses at 125-1, 200-1, 101-1 either winning or running places.

What are your thoughts?