I outlined the method in the first post. I don't want to give exact rules but I have given away more then enough information for anyone wanting to follow what I do (if they do a bit of their own research). All you need to do is analyse the prices of various sources to come up with an expected chance for each horse. You then add a risk percentage and determine if the price available on betfair is a lay or bet.

The way you come up with your concensus chance estimate is the only thing I didn't spell out. I record the results here for myself mostly, but it can also be used by others to see if they want to research their own methods on determining a consensus chance.

For 3rd October I got the following :
Betfair Aus Wallet : 24 Races for 0.36 Profit
Betfair Main Wallet : 22 Races for 1.21 Profit
Profit for Day : 1.57

For 4th October I got the following :
Betfair Aus Wallet : 33 Races for 0.08 Profit
Betfair Main Wallet : 10 Races for 0.68 Profit
Profit for Day : 0.76

For 5th October I got the following :
Betfair Aus Wallet : 10 Races for 0.70 Loss :(
Betfair Main Wallet : 25 Races for 0.26 Profit
Loss for Day : 0.44

For 6th October I got the following :
Betfair Aus Wallet : 10 Races for 0.26 Profit
Betfair Main Wallet : 19 Races for 0.38 Profit
Profit for Day : 0.64

For 7th October I got the following :
Betfair Aus Wallet : 21 Races for 0.19 Loss :(
Betfair Main Wallet : 18 Races for 0.20 Loss :(
Loss for Day : -0.39 :(

Max Bet size $0.24
Total Profit : $5.56

I see.

Thanks Useless.

Been busy but here are the days since:

For 7th October I got the following :
Betfair Aus Wallet : 21 Races for 0.19 Loss
Betfair Main Wallet : 18 Races for 0.20 Loss
Loss for Day : 0.39 :(

For 8th October I got the following :
Betfair Aus Wallet : 22 Races for 0.13 Loss
Betfair Main Wallet : 23 Races for 0.46 Loss
Loss for Day : 0.59 :(

For 9th October I got the following :
Betfair Aus Wallet : 13 Races for 0.35 Profit
Betfair Main Wallet : 25 Races for 0.08 Loss
Profit for Day : 0.27

For 10th October I got the following :
Betfair Aus Wallet : 6 Races for 0.48 Profit
Betfair Main Wallet : 18 Races for 0.23 Loss
Profit for Day : 0.25

For 11th October I got the following :
Betfair Aus Wallet : 13 Races for 0.42 Loss
Betfair Main Wallet : `4 Races for 0.00 Profit
Loss for Day : 0.42 :(


Max Bet size $0.24
Total Profit : $5.07

For 8th October I got the following :
Betfair Aus Wallet : 22 Races for 0.13 Loss
Betfair Main Wallet : 23 Races for 0.46 Loss
Loss for Day : 0.59 :(

For 9th October I got the following :
Betfair Aus Wallet : 13 Races for 0.35 Profit
Betfair Main Wallet : 25 Races for 0.08 Loss
Profit for Day : 0.27

For 10th October I got the following :
Betfair Aus Wallet : 6 Races for 0.48 Profit
Betfair Main Wallet : 18 Races for 0.23 Loss
Profit for Day : 0.25

For 11th October I got the following :
Betfair Aus Wallet : 13 Races for 0.42 Loss
Betfair Main Wallet : `4 Races for 0.00 Profit
Loss for Day : 0.42 :(

For 12th October I got the following :
Betfair Aus Wallet : 12 Races for 0.45 Profit
Betfair Main Wallet : 18 Races for 1.49 Profit
Profit for Day : 1.94

Max Bet size $0.24
Total Profit : $7.01

A very good day for the 12th October. You go back and forth most days with little to show for it but then a big day comes along and pushes you forward. Makes it worthwhile.

I forgot to update this. Here are the results from 13th October till 23rd October:

For 13th-23rd October I got the following :
Betfair Aus Wallet : 101 Races for 1.56 Profit
Betfair Main Wallet : 145 Races for 2.39 Profit
Profit for Period : $3.95

Max Bet size $0.24
Total Profit since first post : $10.96 (45.66 units after commission).

I am upping the betsize from tomorrow to 0.31