Hi Andrew,
I used to do this very successfully in the early 1980's.
The main problem is that the bulk of them will be very short odds in the market. The value comes from the occasional one that steps up in class and wins. So I expect the strike rate to be reasonable, but probably a while before a good profit is shown.
There were two very good runs today at Randwick.
Contrast in the last race was an enormous run coming from the tail of the field to pip the horse that looked to have it won.
Le Rossignol was heavily backed and really blitzed the field as he liked.
Hawkes has been steadily stepping this gelding up in distance and the owners are the famous Lam family. I'm sure Hawkes is setting this horse up for a huge jump in class soon, so he could actually be some value.
There are some very promising young horses running around at the moment, perhaps future champions if they remain sound.
I should also add that any horse which runs a disappointing race, other than bad luck, will be sacked from the list and replaced.
I will also be sacking any horse which does not race within 14 days of being added as a watch horse.
My past experience tells me that very good runs can quickly fade away in three weeks and the money still goes on, but invariably they disappoint.
Horses that don't run in 14 days, usually have suffered some minor setback, and I'd rather wait and see than put money on them.
Any horse can requalify at any time in the future.
All this work better pay off
