Handicapping vs Money Management

I'm new here (but not new to the game) and I'm guessing that this topic has previously been discussed here...but here goes anyway
In my humble opinion I'm a better handicapper than I am a money manager...
If you have a selection that is going off at better than 4-1 and the actual odds are higher than your "fair odds" line... which betting strategy do you subscribe too??....win/place or spreading in the exotics??
For me I tend to do better with win/place bets...I have found that to many times my key horse opinion was good but that I either spread to far in the exotics or did not spread far enough.
I think what I'm trying to say here is that the risk/reward ratio is usually better with a win/place wager than with an exotic...if you spread to far then you need to weigh the risk of not getting a 4-1 return...if you don't spread far enough then you need to weigh the risk of getting no return

Any thoughts from any of you successful money managers???

wrong turn, Dave

paceadvantage.com is that way ------->

make sure the BET THE OVERLAY parrot (among others) gets in there

tfm,
Not sure what you are saying ..??
My question is not whether to bet overlays vs underlays... but rather how to more effectively make money in how one bets their selections.

[hockey2315]

It's just all about finding the value in that race. . . Sometimes a horse will be thrown in every exacta box but not alot of win money will be on it. . . Sometimes, like when alot of barn money is bet on a horse, the exotics are way higher than the win prices. . . You also should just bet what you feel you have an edge with. If you know you like one horse to win but aren't sure about the horses to use underneath, why bet exotics and risk not capitalizing on the winner?

[Downthestretch55]

Originally Posted by hockey2315

It's just all about finding the value in that race. . . Sometimes a horse will be thrown in every exacta box but not alot of win money will be on it. . . Sometimes, like when alot of barn money is bet on a horse, the exotics are way higher than the win prices. . . You also should just bet what you feel you have an edge with. If you know you like one horse to win but aren't sure about the horses to use underneath, why bet exotics and risk not capitalizing on the winner?

hockey,
Very well said. Value is the key.
Sometimes (myself included), greed gets in the way.
Bet what you feel you have the edge with.
Sometimes, it's best to not spread on the unknowns.

[brianwspencer]

Originally Posted by merasmag

i am just getting more sophisicated in my betting when it comes to exotics, but as to anything else my mantra is still a winner is better than a tear up

I'd venture to say that you may also be a fan of my betting strategy.

I take $50 to the track, and put $15 into the machine and get a betting voucher. I then spend the other $35 on beer.

Then, I bet that I am going to be completely wasted.

It's a no-lose situation, because even if you drop the other $15 on bad horses....who cares? You're already too drunk to be mad about it.

[Antitrust32]

Originally Posted by brianwspencer

I'd venture to say that you may also be a fan of my betting strategy.

I take $50 to the track, and put $15 into the machine and get a betting voucher. I then spend the other $35 on beer.

Then, I bet that I am going to be completely wasted.

It's a no-lose situation, because even if you drop the other $15 on bad horses....who cares? You're already too drunk to be mad about it.

I think you need to publish a book with this strategy

[bugsoup]

Originally Posted by brianwspencer

I'd venture to say that you may also be a fan of my betting strategy.

I take $50 to the track, and put $15 into the machine and get a betting voucher. I then spend the other $35 on beer.

Then, I bet that I am going to be completely wasted.

It's a no-lose situation, because even if you drop the other $15 on bad horses....who cares? You're already too drunk to be mad about it.

i'll say you gave me a good laugh with your strategy.
thats why i quit drinking.

Originally Posted by merasmag

i am just getting more sophisicated in my betting when it comes to exotics, but as to anything else my mantra is still a winner is better than a tear up

Pretty ballsy statement. May we quote you on this?

[ceejay]

Dave,

IMO, Money management is at least 50% of the handicapping game. I always include win $ on my tickets @4-1, and depending on pools sometimes WP. I let the races and my understanding of them dictate exotics. If I have an opinion for place/show overlays I play EX/TRI's. I Often play AB/ABCD/ABCDE $18 tri and AB/ABCDE ex. I NEVER put short priced fav's in the 3-spot. If I don't have opinion for place/show overlays I might try to hook up P3/4's, P3's with <=1 fav, P4's with <=2 favs. If I can't do either multi-race or intrarace I settle for straight pools.

Hope this helps.

Originally Posted by merasmag

btw, someone with 16 posts has not yet earned the right to criticize me---unless we know u as someone else...hmmmmmm

Criticizing? Not me sister. I'm just a little envious that I didn't pen a pearl of wisdom like " a winner is better than a tear up."

P.S. Are you and Ronnie "Woo Woo" tight?

[SentToStud]

Originally Posted by Payson Dave

I'm new here and I'm guessing that this topic has previously been discussed here...but here goes anyway
In my humble opinion I'm a better handicapper than I am a money manager...
If you have a selection that is going off at better than 4-1 and the actual odds are higher than your "fair odds" line... which betting strategy do you subscribe too??....win/place or spreading in the exotics??
For me I tend to do better with win/place bets...I have found that to many times my key horse opinion was good but that I either spread to far in the exotics or did not spread far enough.
I think what I'm trying to say here is that the risk/reward ratio is usually better with a win/place wager than with an exotic...if you spread to far then you need to weigh the risk of not getting a 4-1 return...if you don't spread far enough then you need to weigh the risk of getting no return

Any thoughts from any of you successful money managers???

1. Bet to win.
2. As ratio of actual vs fair increases, bet more.
3. Forget place wagering.
4. Exotics... different topic.