Hermes,

I've spent the past 2.5 years (on and off) trying to work out a stats based system that works consistently. I developed one a couple of years ago that worked unbelievable well for a month or two then fell head over heals.

Only now am I confident about my system (different from early one).

The best advice I could give, having spent hours looking for a good method is keep old form guides. Results can be obtained easily from the Web, however form guides can't - Wizard charges $11 for back issues. So keep old form guides - if you do this for several months you will have plenty of data to work with.

My method tends to be more profitable betting for a win. Win strike rate is about 40% currently with avg div of $4.45. My place strike rate is about 70% - not high enough for place betting - marginally profitable but win betting seems to work much better. I'm considering adopting both methods and running separate banks in addition to a bank for exotics.