I have no doubt you could CP, You would have to pick your races though.

No Restricted races, 4 year old maiden races, Class 1 or BM races <58.

Your data would show that, as would 4 or more first up runners in the race, they are hard races to gauge their fitness.

That's why I say, Tipsters are a no go. They are trying to select the winner in every race. Computerized Algorithms are the same. AAP, Sky, Racenet, the list goes on. Computerized Algorithms are a one touch button for ease of application. Someone in the office, comes up with these Algorithms, then the youngest staff member, presses the button, then format's the selection results.

There is no way you can select enough winners, in all races to be profitable, in an algorithm.

Yes CP, laying those fav in the poor races and betting on the good races, you could make a profit long term, I agree but if we are talking about Tipsters, they mostly publish the winning hopes in every race.