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Another reason I'm not a huge fan of charting betting patterns is that sometimes connections get too high on their own stock and overestimate their chances. This is why I prefer doing the handicpping analysis on each contender instead of following someone else's opinions.
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Personally, I am not a fan either.
However, I respect anyone who has the diligence to create and fine tune a tool to turn it into "factors."
My current software has around 4,000 factors for every horse. Most are worthless, some have value, and a few are gold when
looked at from the right POV.
When you consider the entire
Wisdom of the Crowd theory, why would it not have
potential merit?
The fact that it isn't "our cup of tea," doesn't mean it can't/doesn't work. Same with physicality and probably a couple of other approaches I've seen people succeed with over the years.
Of course, the real point is,
THERE'S NO FREE LUNCH.