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Originally Posted by AngryPixie
Indeed. Study the market for long enough and you can toss your formguides, rating and databases in the bin.
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I wouldn't exactly go that far.
You are quite correct, there are many market based approaches, that generate profit on their own.
Ratings and databases can add a lot of value to those approaches.
For example, not all $2.00 into $1.70 horses are the same.
Backing them all might be profitable at best tote or BFSP.
But really delving into race replays, trials, stewards reports, formguides, ratings and databases can really avoid many losing bets, which in turn generates greater profit.
If one can extract why a movement is happening and make a decision based on facts we have rather than facts we don't have, then at least we can rule out a percentage of furphy's.
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Originally Posted by AngryPixie
Having a system (in the context Barny was referring to) and using a systematic approach are two distinct things.
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I think it depends on your definition of a system.
A system does not necessarily have to select one two or three horses a race.
It doesn't necessarily have to rely on form filters.
In fact in my book any set of filters is a system.
Perhaps we each have our own interpretation of what a system actually is?
I do not for example think a system is based on staking, that's yet another distinct thing as you say.