Hi there GeneralGym,

I noted your post with interest and basically I agree with what you said.
However, I am of the opinion that ongoing success in punting does not necessarily depend on having a solid selection method.
I believe that a highly developed understanding of percentages combined with a systematic betting approach can provide long-term success.
I know of a group of professionals who have been successful for years betting on the shorteners in each race and dutch-booking them on the tote. However, their profits have been eroded by increased Govt deductions and I don't know about their long-term viability.
These professionals do not study form, they allow the market to indicate which runners should be supported and wager accordingly to allow them a reasonable return on their investment.
However, a percentge punter does not have to bet in every race. He/she can wait until a potential favourable situation presents itself and bet accordingly.
I believe that by achieving regular POT is a much more effective approach than chasing losses or other similar approaches.