Locking saddle racks- do they work?

The surrey equestrian ones don't slow down a thief at all. You can just pop the back hinge with a screwdriver. If you look at this image http://horze.co.uk/product_info.php?products_id=50014 you can see how vulnerable the joint is. They are a visible deterrant and they certainly make sure your saddle can't be knocked off or moved by accident. But if you want something really secure go for the one oofadoofa posted.
 
i have a very good one I bought of ebay. It was designed by some one on the newrider forums. The gizmo consists of a saddle pole to put the saddle on which is part of a t sahped bar. The top part of the T shape fastens to the wall but the screws are recessed. A seperate section clamps onto the saddle pole and has a hole for a padlcok, the ends of the section slot into the recesses on the T bar and a metall section. Once locked if the whole lot is pulled of the wall it cannot be opened > it is made of iron and very robust.
 
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