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Originally Posted by ScottH
What do you mean by flat-bet? Do you bet on BOTH 3rd and 4th choices?
This is the first I have heard about horse racing so I don't even know the basics or the terms. A friend of mine told me there was a race track opening in my area and he wanted me to come. Of course I want to know a good way of betting if I am going to go. Thanks for posting!
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"Flat bet" means "not increased," as in a progressive betting scheme. The same amount is bet on each entry in each race, regardless of whether the last race (or series of races) won or lost. "Dutching" refers to a pattern of wagering in which the amount bet on each entry is determined by the odds available on that entry. In reality, it is usually something simple like "bet 60% on the low (or high) odds entry, and 40% on the high (or low) odds entry."
In the real world, flat betting works out the best, unless you really get involved in money management--a topic definitely not for beginners, because it involves an almost intuitive analysis of betting trends and probabilities.

Good Luck