After 3 months I've lost $15,901.18 on AUS races and overseas races lost $21,121.50 = Total: -$37, 022.68

This includes betting with all the UK bookmakers that limited me. I'm never going to go to straight out betting but I found this interesting as I bet on market movers/arb opportunities. If I never made one lay and just backed the whole time in 3 months I could have made an extra $37k :| But as I can't deal with losing I'm just going to stick to what works for me. But for those that may want a strategy, maybe this could work over the long run? I guess 3 months isn't long enough to gauge it though.