Thanks for posting this video
https://youtu.be/DZEiNaXVWSw
Exactly what I have done over the last few weeks, I just put a back order in 5 minutes out and left it, green up 15s before the off. I have 500+ races now (all Aussie races) and have already noticed a pattern, as Peter said in video a brach to follow. For me the plan is when I get a decent sample (thinking 2000) then I have a base so then I change something, does it get worse? No then carry on, change something else, and so on.
It is important not to touch it and let it play out. I also record the odds of the fav and also record where it is in terms of range but with Aussie races this can be misleading as with 5 minutes from the off there may only be $1500 matched. But what I also found was how many times the odds when I backed it at odds of say 3.5 (random number) went out to 3.85 before coming back and close at 3.30, I would have bailed when it hit 3.85. Also it let me just sit and watch the ladder and charts, I also try different charts to see which seem to better suit me. They are deffo horses for courses.
The goal for me is to be able to set up automation for horse racing as it takes emotion out of it, for some reason I lose $0.83 I get frustrated and have turned off the green up rule and let it go in play to green up. But yet back in the day when I was betting $100 a race and lost $100 I didn't bat an eye lid, it is crazy!!
I think this is a key strategy for newbies like myself that are as thick as a plank with regards to computer skills.
But also this video is confirmation that it is a good starting point
As for the count I would have won 45% lost 51% and broke even 4%, from a $5 bet returned a loss of $18.75