For more than 30 years I have passionately followed Australian horse racing.David Newling

However, it is only in the past 12 years that I have come to realise that betting predominantly for a place (to finish 1st/2nd/3rd) can be one of the most consistently rewarding forms of long-term "investing" on horse racing in Australia.

During the past three decades I have attended countless race meeting throughout Australia in my former role as racing editor of the Illawarra Mercury newspaper in Wollongong.

I have been involved in many facets of the racing industry including breeder, owner, journalist, jockey manager and administrator - as the chief executive of the world famous Dapto Dogs.

One lesson I have learned from my punting experience is that a dollar earned from a place dividend on a superior horse competing against inferior opposition on a distant bush track has exactly the same spending power as a dollar won on a Group One race at Royal Randwick or Flemington.

Another lesson I learned the hard way is that when I was a journo attending three of four race meetings of all codes every week I was always trying to turn $50, or $100, into $5000.

Is there value in betting for a place?

I can assure you it is much easier to try and win $50 to $100 per week from selective wagers for a place from a bank of say $500 to $1000 than vice-versa.

My other recommendation is to try to limit the number of wagers you have each day - do your homework and don't knock off your winnings with last minute bets here, there and everywhere.

Good Luck!

David Newling

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