wesmip1,

total money matched on horse == $ traded on horse.

Agreed that you wouldn't find many bets for $50 at 50-1 however if you are only turning over $5-$10 per horse thats still pretty slim pickings for the potential risk involved of hitting a big one.

9272 Selecitons / 156 weeks = 59.4 Selections per week.

59.4 x $5 = $297 pw
or at $10
59.4 x $10 = $594 pw


Also my stats may be slightly off yours. I did a >50-1 query which menas i was looking at horses up to and including 1000-1.

Looking only at (50 - 100)
Selections= 6287
Strike Rate = 1.03%
Profit = -31.53%
(Using Starting Price)

If you were to use BF WAP then your Profit is = -24.16%

Worst case:
Take your 5% commission out, plus premium charge of 15% then you are looking at a 5% profit on BF WAP. Not bad if you can find enough bets.

Cheers
Glen