Why is it that most punters try to be safe when they're gambling?

I do believe longshots win when it's their turn, the problem is that most cannot stand the run of outs, it's different to looking at a spreadsheet when done in real time. And secondly your bet will reduce the odds, you need to get set at the correct price.

Take note that in most city races there's several trainers in each race with fair dinkum certainties.

When you discover a winning formulae it's too late ..... Somehow the market has beaten you to it?

How do you know what's overs and what's unders?

I'm 100% certain that gambling on the horses is psychological and most punters are lemmings.

I have only been able to find maybe 2 systems on here that's stood the test of time but there's plenty of wise observations made.

I'm guilty of all of the above BTW.