Every Topic, Any punter following public opinion must go broke. The horses are always well under their true price and as 98% of punters are losing the smart thing to do would do the oppposite to what most others are doing and thinking. This is the 2% of winners.Most punters are easily led and bad investors which is their downfall.Most punters were taught how to bet from losing mates and parents, so if they use the same thinking, as nearly all do,they too end up losing.
Naturally in certain races they will have winners just as everyone does but will lose long term.