The system, located at http://forums.ozmium.com.au/showthread.php?t=1622, was created by Fryingpan on 19/9/2002. The rules are as follows:

Rule 1: Count up in a race the total of horses with tabq rating of 94 or bette
Rule 2: Add one to this total to give the expected dividend.
Rule 3: Find amongst those which have 94 or better and came fifth or better last start which meet the dividend.
Rule 4: If the dividend is below the expected dividend then bet only if there is one selectable. Two is the maximum if at the expected dividend and bet on three horses only if the dividend is 50 per cent above the expected dividend, etc (give or take 50 cents).

Fryingpan comments: "This post follows on from Bhagwan's amazing crappy staking plan. It's based on ability and on distribution of ability in a given race.

"The overall result is finding value amongst distribution of ability."