Plenty of 'smart money' ends up in bookie's bags. Last Saturday was a very good example. The bookies cleaned up. A good way to go broke is to follow what we might believe is other people's 'smart' money. Besides that, a lot of the big money during the Spring carnivals comes from idiots with large wallets and [usually] a very average understanding of punting.

'I got Chills' recently was a [genuine] 'smart money' move on the bookies by a handful of punters in the know. Creamed 'em and now they [the bookies] want laws against private trials.