- Is betting on horses fun?
- How to calculate the chance of a horse winning a horse race?
- How many horse races should you race to win?
- How to place a bet on horses?
- What does 5/2 odds mean in horse racing?
- How is data used in horse racing betting?
- How to calculate horse racing betting odds?
- How is the speed rating calculated in horse racing?
- What is E/W betting?
- What is a good time rating in horse racing?
- How are horse racing ratings calculated?
- What is a race horse’s Timeform rating?
- What do the numbers on a horse’s racing records mean?
- What does assigned weight mean in horse racing?
- How often are Timeform’s horse racing articles updated?
- What is a Timeform rating on a horse?
- What is a rating of 130 in horse racing?
- Why do some horses carry extra weight in horse races?
- What is the difference between a Timeform rating and a timefigure?
- Should we use record times in horse racing?
- How many times can a horse record the best time throughout?
- What is the difference between 140 and 130 horse ratings?
- What is timefigures in horses?
- What is a timefigure?
Is betting on horses fun?
Betting on horses is one of the most fun things you can ever do. But it’s always more fun when you know how to bet on horses so that you win more than you lose. I myself have been betting on horses for a few years now. And while it took me a little while to get into my groove, I don’t want that to happen to you.
How to calculate the chance of a horse winning a horse race?
So, we start by adding up all the points like this. Then you divide each of the value numbers by this total number and multiply it by 100. This will give you the percentage chance your formula thinks each horse will win the race. For Lucky Lucy, we would take 6.6/27.7 which gives us. 0.2382.
How many horse races should you race to win?
It’s worth bearing in mind that these winning ratios will not be split evenly and second and third favourites combined will win more the first favourite. Select non-handicap races only 7 to 12 runner races are best, exclude lower class races class 1-4 seem to produce the best results.
How to place a bet on horses?
Away from the track, the main ways to place a bet on horses are either in a betting shop or online. To place a bet in a traditional betting shop, you will need to fill in your paper betting slip.
What does 5/2 odds mean in horse racing?
The tote board does not show decimals, therefore, 5/2 odds means that the odds on a horse are 5 divided by 2, or 2.5-1. Win payoffs are calculated based on a $2.00 wager because at most tracks this is the minimum bet. Example #1: A horse that wins at 5-1 will return $5.00 for every $1.00 wagered. How To Control Mad Elephant?
How is data used in horse racing betting?
The horse racing community has been using quantitative data to develop betting algorithms for decades. Indicators including horse bodyweight, age, and previous lap times are all utilized along with the domain-specific Speed Index to predict future race outcomes.
How to calculate horse racing betting odds?
When calculating the payout for a $2 bet compared to the listed horse betting odds, divide the first number in the odds by the second number, multiply that by 2, and then add the standard minimum $2 bet. Therefore, for a horse at 7-4, divide 7 by 4 (1.75), multiply this number by 2 (3.5), and then add 2 (final payout: $5.50).
How is the speed rating calculated in horse racing?
Simply stated, the TrackMaster speed rating combines three factors in its final figure-a raw speed rating based on the time of the horse and distance of the race using a formula based on a parallel time chart; an Intertrack Variant (ITV), a number that gets updated annually and allows for time and speed variations between tracks; and a Daily T…
What is E/W betting?
E ach-way betting (commonly abbreviated to EW or E/W) is closely associated with horse racing, but you can make an each-way bet on any event where bookmakers offer it, from football to golf and even reality TV. Win bet Wins if the selection wins the event in which they are competing
What is a good time rating in horse racing?
The best time is given a rating of 100. One point is deducted for each fifth of a second by which a horse fails to equal that time. Thus, in a race where the winner equals the best time (a Speed Rating of 100), another horse who is beaten 12 lengths gets a Speed Rating of 88 (100 minus 12).
How are horse racing ratings calculated?
These ratings are measured in lbs and all TS ratings are adjusted back to 5 furlongs where 1 second at 5 furlongs = 22 pounds. Top Speed ratings are calculated by comparing the time it took for a horse to finish a race.
What is a race horse’s Timeform rating?
Instead, race horses in Australia are given what is known as a Timeform Rating. This is also a single number that is designed to reflect how fast a race horse is. What Are Timeform Ratings?
What do the numbers on a horse’s racing records mean?
They are meant to represent the racing merit of an Australian horse. Creating these figures is the result of a very complex process that involves mathematical formulas and judgment calls applied by a team of respected racing analysts. The Timeform Rating is also a single number.
What does assigned weight mean in horse racing?
Assigned weight is also relevant to the rating of the other horses. A horse with a rating of 130 will carry 10 pounds more weight than a horse with a rating of 120. How is a Rating Determined? Before a horse can be assigned a rating, it needs to run a few races first, to give the judges an idea of how fast it is.
How often are Timeform’s horse racing articles updated?
These articles are usually updated weekly during the main part of the season. Here you will also find profiles of Timeform’s greatest ever racehorses under Flat, Chasers and Hurdlers categories. Visit the main article here for the full index of the greats covered.
What is a Timeform rating on a horse?
Most handicappers believe that Timeform Ratings on Australian horses are synonymous with speed ratings. This is not precisely true. The Beyer Speed Figures are designed to measure and reflect one aspect: the speed of a race horse. The Timeform Rating is designed to give a complete picture of race horse form with an emphasis on speed.
What is a rating of 130 in horse racing?
A horse with a rating of 130 will carry 10 pounds more weight than a horse with a rating of 120. How is a Rating Determined? Before a horse can be assigned a rating, it needs to run a few races first, to give the judges an idea of how fast it is.
Why do some horses carry extra weight in horse races?
It could be because they think it will give an advantage to one horse over another, or because they want to feel like they have some level of control on the outcome. I have read that for every extra pound a horse carries it will run a mile race 1 length slower.
What is the difference between a Timeform rating and a timefigure?
A Timeform Rating is a considered assessment of the merit of a horse on form, whereas a timefigure (or its equivalent timerating) represents the calculated time value of a single performance, which can often be well below what the horse is capable of recording.
Should we use record times in horse racing?
To use record times, which, if not simply timing errors, are invariably established in abnormal conditions, would be idiotic. Neither can acceptable standards be obtained simply by averaging several years times over each distance on each track. The merits and ages of the horses recording them have to be taken into account, and the weights carried.
How many times can a horse record the best time throughout?
This prerequisite of a really strong pace throughout does not obtain in more than a fair proportion of races. Consequently it is not to be expected that a horse will record the best timefigure it is capable of more than a few times in the course of its career.
What is the difference between 140 and 130 horse ratings?
the same weight then it is awarded a higher rating. The ratings are expressed in pounds (lb) so a horse rated 140 is regarded as 10lb better than one rated 130. There is a sliding scale for converting lb to distance where 3lb = 1 length over 5f and 1lb = 1 length over 2m
What is timefigures in horses?
Timefigures measure the performance of horses not on their form one against another but in terms of time, in seconds (per five furlongs) faster or slower than a certain fixed standard. “The actual time recorded by a horse over a given distance conveys, of itself, practically nothing.”
What is a timefigure?
As the name implies, a timefigure is a representation in figures of the time value of a performance. The actual time recorded by a horse over a given distance conveys, of itself, practically nothing.