Hermes,

Congratulations on sticking with it and coming up with some useful filters. You seem to have come to a similar conclusion as me (although by a different route and using different selection criteria).

There is rarely value in the short priced horses simply because they are too obvious and everyone can see they are a good chance of winning - they do have a good strike rate but the poor dividends are not enough to make a profit on. The true longshots ($20 and up) generally deserve their status and rarely manage to win - you can occassionally get some great priced winners from this group but it is generally not worth spending time analysing them all. The real value is in the mid-ground - those horses that have the class to win the race but are out of favour with the punters for one reason or another. If you can successfully pick your winners from this group then you have a much better chance of developing a profitable system.

Anyway keep up the good work and best of luck.

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"Computers can do that????" - Homer Simpson