Spot on. Most punters are addicted to short priced horses and tote firmers. I love it. Helps me win.
Money management is probably just as important as what you back. That's my opinion anyway. Without it you'll blow your profits. Look at it this way. If you win small and increase your bets as your bank increases when you have a losing run money is lost much quicker than when it was won. That's why so many "disciplined" punters will not win. They lose their winnings in fewer bets than it took them to accumulate.
Then they are back to where they started with a bet size totally inappropriate to the money they have remaining. So they start off again with very small bets.
Something to think about.
The Catparrot.