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This paper examines the elements necessary for a practical and successful computerized horse race handicapping and wagering system. Data requirements, handicapping model development, wagering strategy, and feasibility are addressed. A logit-based technique and a corresponding heuristic measure of improvement are described for combining a fundamental handicapping model with the public's implied probability estimates. The author reports significant positive results in five years of actual implementation of such a system. This result can be interpreted as evidence of inefficiency in pari-mutuel racetrack wagering. Mathews bow serial number location numbers. This paper aims to emphasize those aspects of computer handicapping which the author has found most important in practical application of such a system.
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Betting on Horse Racing
Author : Tony Warren File Size : 26.25 MB Format : PDF, ePub, Docs Download : 641 Read : 1189
Download »This book is designed for new horse race players who want to go from beginning to winning. The information contained in a question and answer format explains the basics of wagering on horses; how to place a wager; and strategies for picking winners. The author has been playing the horses for over 40 years and offers insights that even the most sophisticated players may not know.