WIN AND PLACE BETTING.

Auckland Star, Volume LXV, Issue 11, 13 January 1934, Page 8

WIN AND PLACE BETTING.

Why should people when backing for a place expect to get a* large a dividend as those backing for a straight-out win? Those backing for a place have three chances, while thoe© backing a horse to win have only one chance and should therefore receive a greater return should they be successful. 'The greatest disappointment of place- betters seems to be when their horse gains first place and their dividend is half, third or perhaps less than that paid on the straight-out machine. This I think may be rectified by a greater percentage being- paid (on the place machine) fior •first horse, say, 50 per cent for first horse, 30 per cent for second, and 20 per cent for third, or 45 per cent, 30 per cent, and 25 per cent for first, second and third respectively. People then backing on this machine would be almost as well off as. when only one pool exists and dividends are 70 per cent, 20 per cent and 10 per cent respectively, for what use is 10 per cent unless a horse happens to be very much an outsider? I still think a large number of people want the two machines, I otherwise why does the win machine carry as much money as the place machine in almost every race? Could not Iwo machines be run, one a straight-out win machine and the other a place machine paying dividends in the proportion of 50, 30 and 20? FAIR TO ALL.