just a short reply.
well done for backing fangio. faith counts a lot.
but fangio is by danehill-catnipped and had the breeding to be a fair horse.
he has won 3 out of 5 this time in so is showing his worth.

reflecting on some of the longer priced horses on saturday which i happened to get on a few of at last i was trying to put into practice some of what i have learnt over the last 20 years of studying racing.

i wonder how many of us do this. look back and ask ourselves what we have learned. and after a lot of race days we would have to say not very much.

i realise most of our forum is not interested in the philosophical side of racing but i find it the most interesting part.

i recently mentioned regarding someone doing ratings and their value etc.
and came up with the view that 33% of winners are picked by the market and 67% is luck . that is a fair assessment of ratings. but many longshot good horses win and that defies the market and ratings and after looking at the results we say "why didnt i back that?" we didnt back it because we didnt put into practice what we had learned.

the poster here that backed fangio with what he sees as a moderate 25/25 backed the value horse . a listed horse flemington 1800 8/11/03 won at 40/1 almost to the day on melbourne cup day this year.
had won 3 out of 5 this time in was paying $36 .
we could well ask "now why didnt i back that". (i did"

niagara falls placed in group 3 company and had done most of its racing this time in in higher class races obviously being set for a"go".

__________________
laurie