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The way I see it, you looking for fundamental handicapping factors that are not fully appreciated on the odds board these days.
That could be anything from a new and improved way of calculating speed and pace figures, to a specific trainer angle that is not in the publicly available stats, to a very specific track bias situation or trip, to better pace projections, and so on etc..
It's going to be tough to find anything that's profitable on it's own. But there will be specific situations where you dislike the favorite for some reason and another horse has some hidden merit. If your information is well researched, that race is probably fertile ground for finding an actual overlay as opposed to some subjective opinion based on what could be a flawed handicapping and a flawed odds line.
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