Hi 4legs. It sounds easy however I'm not sure if those stats are accurate. Wasn't there something like 80% winners under $1.50 or something? Anyway, I think if those stats were right, you would need to take a long term view maybe 6 months plus.

I remember on a UK forum there was one guy that was laying every horse under evens using a bot and he used 100% recovery of only the previous losses (not the loss plus the next bet as sometimes happens) and he went well for a while until the inevitable run of losses happened (the favourites actually won a lot in a row).

Maybe at level stakes it might have worked though.

Good luck Fred and keep us informed.