Well I'm glad that some of you are getting somewhere, I guess this time of year will suit some methods and not others. I agree that in general the higher class horses run truer to form but they also have that "champion" or never-say-die quality to some degree that can throw up some suprising (and enthralling) results. Unfortunatley it's a very hard quality to quantify.
I went to the Melbourne Cup a few years ago (gotta do it once) and thought that for the hell of it I'd have a bet on every race of the card. Undoubtably the worst days punting ever.....but that is a very uneven card and not indicative of the rest of the carnival.
Anyway, thanks for the input, I'll follow the spring racing tipping comp from the sidelines!

Obviously Spring is the time for a few winning punters and many, many loosing ones.

The large fields and early Spring state of the tracks in Melb. are against most punters making the odds offered far worse than they look. Poor value all round but the excitement is always there.

I find the second half of the carnival far easier to stack up form wise than the first half. Things settle down a bit and the tracks improve.

Great time for the bookies as they would starve to death if it wasn't for the Spring carnival.

Nothing too special running around except the same old hacks and a weary, fat and old Northerly having a go at them [should have been 20/1 last start].