hi guys, lots of interesting points of view.
i tend to back my selections regardless of price unless they come up very short. Becareful i find on the short-priced horses i get more annoyed when they go down because I and many others expect them to win where on a $10 pop if that goes down you can live with that.

Your point on strike rate is a good one because you can begin to doubt yourself or run out of the days allocated punting funds.
6/10 is a good strike rate but to make any money i need to risk more than i'm prepared.
On a saturday i usually bet to win about $200 on each bet. This means even money $100 and 10/1 $20 bucks.

What i'm saying is while you can work the short priced favourites many people cant sustain even a small run of outs where betting on the 10/1 or even reasonable odds i.e 4/1 up you can have more bets.

i suspose it depends on your aim.
obviously everyone wants to win and it depends on your comfort levels