One thing I'd add to step 4: the highest price on the screen isn't automatically a good bet. It only has value if it beats the fair price, i.e. a sharp market's price with the margin taken out.
Quick example: a sharp book shows 1.95 / 1.95 on a two-way market, so the fair price of each side is...
One thing nobody has asked yet: what are your +1.4 "points" measured in? The same bet gives three quite different CLV numbers depending on how you report it, so it's worth knowing which one your sheet uses before you compare with anyone else's.
Example: you take 2.08 and the market closes 1.95...
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