Precision: Statistical and Mathematical Methods in Horse Racing

Precision: Statistical and Mathematical Methods in Horse Racing

<b>"Precision ... Statistical and Mathematical Methods in Horse Racing"</b><br /> thoroughly discusses the mathematical and statistical methods in<br />handicapping and betting techniques. Differentiations, combinatorics,<br />normal distribution, kernel smoothing and other mathematical and<br />statistical tools are introduced. The jargons and equations are kept to a<br /> minimum so that it is easy to understand for most readers. More than 20<br /> professional programs are freely available to download, which can allow<br /> readers to easily apply the methodology introduced in the book. <br /><br />This<br /> book can be divided into three main parts: horse handicapping (Chapters<br /> 2-6), wagering (Chapters 7-9) and theories in practices (Chapters<br />10-11). Chapter 1 will explain why long term gains are possible in horse<br /> racing. About horse handicapping, we will start with analysing racing<br />forms in Chapter 2. Other handicapping factors such as weight carried,<br />jockeys, trainers and pedigrees will be discussed in Chapter 3. Some<br />advanced statistical methods, such as chi-square test and kernel<br />smoothing, will be introduced in Chapter 4 to further analyse those<br />handicapping factors discussed in previous chapters. The following two<br />chapters are about probability estimations. In Chapter 5, normal<br />distribution and multinominal logistic regression are introduced in<br />estimating winning probability of each race horse. In Chapter 6, we will<br /> talk about some methods in misconceptions in estimating placed<br />probability. <br /><br />Two main concepts in wagering, Kelly criterion and<br />hedging, will be discussed in Chapters 7 and 8. To hit exotic pools,<br />those theories in combinatorics in Chapter 9 will definitely help the<br />readers. The author will share his experiences in betting syndicate in<br />Chapter 10, and tell you how to be a successful professional horseplayer<br /> in the last Chapter. <br /><br />Some readers may find the mathematics in<br />this book difficult, but the free program will take your pain away and<br />do all the calculations. You can simply apply all the professional<br />formulae by no more than a click, and pick your horses like an expert<br />analyst. <br /><br />As an awardee in Asian-Pacific Mathematics Olympiad,<br />the author abandoned his career as an actuary and became a key member in<br /> a gambling syndicate. This book was reprinted in the 4th edition in<br />Hong Kong, ranked #2 in the best-selling chart in the international<br />Chinese weekly Yazhou Zhoukan, and now available worldwide.