Hi Guys.

I will see if I can answer most in Parts 2 and 3.
Remembering that these posts are about the average man making a living on the punt.

" Are you saying an uneducated person stands a better chance, or experience and research has more weight? "

Yes to the first part Chrome Prince, and yes to experience. Generaly the lowly educated do not take part in needless research like highly educated people do.

The highly educated, and those who deem themselves as such, are hamstrung the very minute they start their kick in as punters. For some reason they have an undeniable smugness that the racing game requires an intimate knowledge of equations, mixed in with superior intelligence, of which they have plenty of.
Mathematitions, School Teachers, Engineers, Accountants.....they seem to suffer the most with it. And when a highly educated man crashes, boy does he crash. If he is to succeed he must strip off all his smartalecness.

Now onto Part 2. The Psychology involved in Living on, or rather off, the Punt.