Mr Q, it is for the Gallops, only in Bris, Syd and Melb.
The idea could be taken to other venues but most of those only have one tipster, if that.

Results by day:

5/1/08 14 bets/6 winners $43.60 return
12/1/08 26/0 0
19/1 24/2 16.70
26/1 23/1 5.90
2/2 23/5 29.90
9/2 23/4 28.90
16/2 26/2 12.60
23/2 24/2 12.90
1/3 25/3 18.50
8/3 25/4 40.00
15/3 25/3 26.20
22/3 25/5 43.40
29/3 22/1 4.70
5/4 23/2 18.60
12/4 25/4 40.60
19/4 23/4 29.80
26/4 23/5 33.70
Total 399 bets/53 winners $444.00 return.

It also throws up a few good placegetters, although I haven't documented them.

That is raw data, a few filters may improve it.