Precision: Statistical and Mathematical Methods in Horse Racing

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About Precision: Statistical And Mathematical Methods In

"Precision ... Statistical and Mathematical Methods in Horse Racing" thoroughly discusses the mathematical and statistical methods inhandicapping and betting techniques. Differentiations, combinatorics,normal distribution, kernel smoothing and other mathematical andstatistical tools are introduced. The jargons and equations are kept to a minimum so that it is easy to understand for most readers. More than 20 professional programs are freely available to download, which can allow readers to easily apply the methodology introduced in the book. This book can be divided into three main parts: horse handicapping (Chapters 2-6), wagering (Chapters 7-9) and theories in practices (Chapters10-11). Chapter 1 will explain why long term gains are possible in horse racing. About horse handicapping, we will start with analysing racingforms in Chapter 2. Other handicapping factors such as weight carried,jockeys, trainers and pedigrees will be discussed in Chapter 3. Someadvanced statistical methods, such as chi-square test and kernelsmoothing, will be introduced in Chapter 4 to further analyse thosehandicapping factors discussed in previous chapters. The following twochapters are about probability estimations. In Chapter 5, normaldistribution and multinominal logistic regression are introduced inestimating winning probability of each race horse. In Chapter 6, we will talk about some methods in misconceptions in estimating placedprobability. Two main concepts in wagering, Kelly criterion andhedging, will be discussed in Chapters 7 and 8. To hit exotic pools,those theories in combinatorics in Chapter 9 will definitely help thereaders. The author will share his experiences in betting syndicate inChapter 10, and tell you how to be a successful professional horseplayer in the last Chapter.