15th June 2002, 10:06 AM
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One way would be to base it on "unders" and "overs".
Bookies give you 1/4 of the win odds for a place - ie 4/1 win = 1/1 place or $2.
Whereas on the TAB, place divs can be way unders. Sometimes, however they represent good value.
Examples
place overs
$9 win; $3.30 place ($3 with bookies)
$21 win; $7 place ($6 with bookies)
Assuming the win dividends represent fair value, if place dividend is above "fair value" then bet for a place - otherwise win bet.
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