Funny enough I came up with a similar idea in 2004.

Didn’t want to put in masses of variables for each horse in each race so used the BF market, just one variable per horse the price.

As favourites do not win all the time I introduced randomness to simulate the unknown and ran each race a million times.

The initial results December 2004 through March 2005 were quite amazing then with the transition from NH to Flat it failed dismally and has never worked since.

This looks like a very interesting system … yes I know time will tell.
I am particularly interested in ‘Place Lays’.
Is there any way the originator of this system could alocate a preferance for selections, so that ‘a bet of the day’ could be shown?

Regards Tony