It is not a total lose you have done some good research and found an idea...now the first idea didn't pan out but maybe you will come up with somthing different using this fact...it may take you many months or even years before you find somthing that is workable...but boy is it a good feeling when you do.
By my calculations..and i may be a bit wrong there on the 32 races we had today there was an outlay of $1,077 return $828.20 loss $248.80
but the interesting fact was there was 19 winners from those 32 races