Thanks for the feedback Nitro.
Certainly it isn't infallible, but it certainly helps to weed out the donkeys.
If a horse has a poor stride, it's a waste of time from a punting or racing perspective, owners would be better off breeding the horse and hoping the sire, grand sire lines throw a good strider. As I was going through a lot of old form and horse history, I was actually amazed at the number of slow horses persued with, they seem to pour good money after bad. If a horse doesn't show ability with the first three or four starts, really it's never going to be a top horse. Owners can only make money from top horses, whereas trainers make money from owners
I have watched a lot of videos of syndicated horses for sale, and there are a lot of poor striders with good breeding. Needless to say, when I looked up the form later, NONE of them had ever made it into a first four placing at tracks like Echuca and Seymour, let alone win a race.
I can't name the horses due to possible legal action, but there are a lot of them for sale as syndicate shares etc.
I also poured over hours and hours of old Magic Millions sales video.
I marked out possible horses from breeding and stride, some became top liners. Of the horses I marked as poor conformation or stride, there were some winners there, but they were all country winners, no city winners and no black type winners. The percentage of actual winners from poor horses was only a very small percentage, some never made it to the track, and a few are on sale on Gumtree as hobby horses!