Handicapping vs Money Management

[miraja2]

With regards to the W/P vs exotic question, I say don't have a plan.
It sounds obvious but each race is different. If you have a set betting strategy, you end up trying yo fit the races to a plan....not a good idea.
Some races are exotic races. Some are W/P races. Some are skip races. Havong a general idea is great, but make sure you don't make the mistake of trying to figure out how to fit each race into your betting strategy. Do the opposite.