Hi All,

saying that the Late Mail is a random, uninformed pick is just plain ludicrous. All of my extensive analysis has shown that Late Mail selections win more often than similar horses that are not LM selections. Whenever I develop a strategy I always do a LM Yes/No analysis, and these invariable show that the Late Mail selections win a higher percentage of races than the non LM selections.

For example, using one set of commercial ratings. This calendar year. 12,830 races, average strike rate is 18%. Those selections that are also selected Late Mail selections win 31% of their 1,875 races, and the "no's" win 15% of their races.

Now... I agree fully with the sentiments that the LM selections are poor value. Average dividend for a LM selection was $2.75 vs $5.75 for the non LM selection.

Cheers,
Chris.

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