Flexi betting killed Trifectas and First 4’s because now punters who were quite smart but had fewer bucks, could no get involved so overall the market got smarter and the dividends came down so what we did was simply refuse to bet unless there were jackpot pools and thats where we sit today.
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It all makes sense to me but I generally use the formula in Greg Horns book Professional Punting My Personal Approach where he apportions how much Ro spend on selected races for win, quineall , trifecta or first fours. Get the right balance and you stay in the game long enough to get the big dividends.