  Ground-based gravitational wave laser interferometers (LIGO, GEO-600, Virgo
and Tama-300) have now reached high sensitivity and duty cycle. We present a
Bayesian evidence-based approach to the search for gravitational waves, in
particular aimed at the followup of candidate events generated by the analysis
pipeline. We introduce and demonstrate an efficient method to compute the
evidence and odds ratio between different models, and illustrate this approach
using the specific case of the gravitational wave signal generated during the
inspiral phase of binary systems, modelled at the leading quadrupole Newtonian
order, in synthetic noise. We show that the method is effective in detecting
signals at the detection threshold and it is robust against (some types of)
instrumental artefacts. The computational efficiency of this method makes it
scalable to the analysis of all the triggers generated by the analysis
pipelines to search for coalescing binaries in surveys with ground-based
interferometers, and to a whole variety of signal waveforms, characterised by a
larger number of parameters.
