One thing I recommend is reviewing charts and/or replays for each and every race you bet, rather than just adding up wins and losses. Was the race run the way you expected? If your 6-1 shot gets beat by the 6-5 favorite, I don't think that's cause for concern. Anyone who uses a value approach will likely find periods where the overlays just plain get beat by underlays. If your selections stay in the rear half of the field all the way around the track on a regular basis, then you have a problem.
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