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Precision: Statistical and Mathematical Methods in Horse Racing
"Precision ... Statistical and Mathematical Methods in Horse Racing"
thoroughly discusses the mathematical and statistical methods in
handicapping and betting techniques. Differentiations, combinatorics,
normal distribution, kernel smoothing and other mathematical and
statistical 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 (Chapters
10-11). Chapter 1 will explain why long term gains are possible in horse
racing. About horse handicapping, we will start with analysing racing
forms in Chapter 2. Other handicapping factors such as weight carried,
jockeys, trainers and pedigrees will be discussed in Chapter 3. Some
advanced statistical methods, such as chi-square test and kernel
smoothing, will be introduced in Chapter 4 to further analyse those
handicapping factors discussed in previous chapters. The following two
chapters are about probability estimations. In Chapter 5, normal
distribution and multinominal logistic regression are introduced in
estimating winning probability of each race horse. In Chapter 6, we will
talk about some methods in misconceptions in estimating placed
probability.
Two main concepts in wagering, Kelly criterion and
hedging, will be discussed in Chapters 7 and 8. To hit exotic pools,
those theories in combinatorics in Chapter 9 will definitely help the
readers. The author will share his experiences in betting syndicate in
Chapter 10, and tell you how to be a successful professional horseplayer
in the last Chapter.
Some readers may find the mathematics in
this book difficult, but the free program will take your pain away and
do all the calculations. You can simply apply all the professional
formulae by no more than a click, and pick your horses like an expert
analyst.
As an awardee in Asian-Pacific Mathematics Olympiad,
the author abandoned his career as an actuary and became a key member in
a gambling syndicate. This book was reprinted in the 4th edition in
Hong Kong, ranked #2 in the best-selling chart in the international
Chinese weekly Yazhou Zhoukan, and now available worldwide.
thoroughly discusses the mathematical and statistical methods in
handicapping and betting techniques. Differentiations, combinatorics,
normal distribution, kernel smoothing and other mathematical and
statistical 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 (Chapters
10-11). Chapter 1 will explain why long term gains are possible in horse
racing. About horse handicapping, we will start with analysing racing
forms in Chapter 2. Other handicapping factors such as weight carried,
jockeys, trainers and pedigrees will be discussed in Chapter 3. Some
advanced statistical methods, such as chi-square test and kernel
smoothing, will be introduced in Chapter 4 to further analyse those
handicapping factors discussed in previous chapters. The following two
chapters are about probability estimations. In Chapter 5, normal
distribution and multinominal logistic regression are introduced in
estimating winning probability of each race horse. In Chapter 6, we will
talk about some methods in misconceptions in estimating placed
probability.
Two main concepts in wagering, Kelly criterion and
hedging, will be discussed in Chapters 7 and 8. To hit exotic pools,
those theories in combinatorics in Chapter 9 will definitely help the
readers. The author will share his experiences in betting syndicate in
Chapter 10, and tell you how to be a successful professional horseplayer
in the last Chapter.
Some readers may find the mathematics in
this book difficult, but the free program will take your pain away and
do all the calculations. You can simply apply all the professional
formulae by no more than a click, and pick your horses like an expert
analyst.
As an awardee in Asian-Pacific Mathematics Olympiad,
the author abandoned his career as an actuary and became a key member in
a gambling syndicate. This book was reprinted in the 4th edition in
Hong Kong, ranked #2 in the best-selling chart in the international
Chinese weekly Yazhou Zhoukan, and now available worldwide.
282 pages, Kindle Edition
First published March 30, 2011
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Displaying 1 - 2 of 2 reviews
April 28, 2022
Thought provoking read!
This book has broken English, but I find it very understandable. It showcases the power of statistical modeling to find a winning betting strategy. Learn from this book. You can become a winning horseplayer!
This book has broken English, but I find it very understandable. It showcases the power of statistical modeling to find a winning betting strategy. Learn from this book. You can become a winning horseplayer!
April 4, 2026
One of the best books I’ve ever read. After reading it, my results have actually improved.
If you’re interested in horse racing betting, this book offers valuable insights. That said, it’s important to remember that improvement comes from actually playing and gaining experience. The book gives you strong guidance, but you still need to adapt the ideas to your own strategy.
You’ll also need to adjust what you learn to fit the specific horse racing environment in your country. What works in one place might not work in another — testing and adapting is key.
If you’re interested in horse racing betting, this book offers valuable insights. That said, it’s important to remember that improvement comes from actually playing and gaining experience. The book gives you strong guidance, but you still need to adapt the ideas to your own strategy.
You’ll also need to adjust what you learn to fit the specific horse racing environment in your country. What works in one place might not work in another — testing and adapting is key.
Displaying 1 - 2 of 2 reviews