These will almost exclusively be in the U.K. and Ireland. They will mainly be 50% or better chances based on my own markets.
Staking is Kelly x 0.25, based on my perceived % chance of the horse winning and the generally available online price.
I use Betfair where liquidity often isn't high enough until 1-2 hours pre post, but the majority of these will shorten and SP will often be below the price posted, so best to bet as early as possible if following.
Starting with a 100pt virtual bank and using the price I take -5% commission for recording purposes.
Chepstow 13:35
Ice Cool Champs
need: 1.45 (69%)
available: 2.66 Betfair exchange, 2.10 - 2.25 generally elsewhere)
bank: 100
stake: 10.36% (Kelly (41.44%) * 0.25)
bank: 89.64.