BGHWAN.Couldn,t agree more.
I used to work around the lower priced horses assuming the lower the price on IN FORM horses the better the bet.
As the TRUE strike rate indicates this is a complete FALLACY and will lead in most cases to the poor house.
These days I still look for IN FORM horses rated well but will NEVER bet at any price under $4.
Incidentally this fact was also pointed out to me some years ago by a very good proffessional punter (which stupidly I chose to ignore to my detriment).
THE STUDY OF INFORM SHORT PRICED FAVS IS NOT THE KEY TO THE HOLY GRAIL.
GETTING VALUE ON ANY IN FORM HORSE IS.
Cheers.
darky.