Psychology is very important when it comes to punting, because you have to be able to stick with a method, through thick and thin, and if you're punting a method with only a 10% strike rate, the thin's will be quite thick, if you follow.

So, in that respect the great place punters of the forum are right - you no doubt sleep more soundly than us rugged, dashing win punters, however from my point of view the psychology of MY punting would mean that were I to bet the place I would not get the thrill from punting the way I do from win betting.

Case in point - I backed Derringer on Saturday. Had him third selection, priced at $13, he was upwards of $40 on the totes, he was a big overlay. I cannot bet each way, so even at $8 the place (or whatever he was) I just backed him to win. Had the protest been dismissed, I'd have done my money --- but was fully prepared for that, knowing that lots of 40/1 winners will come along, and that lots of 40/1 bets will run second. As it was, the protest was upheld - I MAXIMISED my profit because I did not hedge.