Originally Posted by crash

According to a Betfair profit graph, Layers make no more money than backers and the ones the are winning regularly [of either type], are very experienced and hard working punters. There are no 'angles' [short-cuts to profitability] in horse racing, only hard work and experience. Those who think there are angles or short cuts often spend their whole life looking for exactly that, when [ironically] a few years or so of learning the basics of handicapping, money management, being able to work out a priceline etc. etc. might have seen them on the road to a regular profit from the punt.