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VALUE BET IS A PREDICTIVE ALGORITHM USING AI TO ANALYSE HORSERACING IN SOUTH AFRICA & HONG KONG

VALUE BET IS A PREDICTIVE ALGORITHM USING AI TO ANALYSE HORSERACING IN SOUTH AFRICA & HONG KONG

VALUE BET IS A PREDICTIVE ALGORITHM USING AI TO ANALYSE HORSERACING IN SOUTH AFRICA & HONG KONG

VALUE BET IS A PREDICTIVE ALGORITHM USING AI TO ANALYSE HORSERACING IN SOUTH AFRICA & HONG KONG

VALUE BET IS A PREDICTIVE ALGORITHM USING AI TO ANALYSE HORSERACING IN SOUTH AFRICA & HONG KONG

VALUE BET IS A PREDICTIVE ALGORITHM USING AI TO ANALYSE HORSERACING IN SOUTH AFRICA & HONG KONG

VALUE BET ALGORITHM

Formula / Equation:
VB_Rating = Σ (wi × Xi) + ε
where Xi = {SR, CF, JD, TW, CD, PP, SD, FT, BI, EQ, TH, AI, PV}


Where each factor is weighted and represents a data-driven input contributing to the horse’s overall probability score: 


  1. SR - Speed Rating Adjusted last-three runs and sectional performance relative to track standard and specific race day.
  2. CF - Collateral Form Strength of horses beaten or who beat the horse recently.
  3. JD - Jockey/Draw Impact Jockey performance on horse / course and current draw advantage.
  4. TW - Track/Weight Profile Historical track performance and weight efficiency index.
  5. CD - Course/Distance Record Proven ability under similar conditions.
  6. PP - Pace Pattern Likely race shape advantage or disadvantage.
  7. SD - Surface Differential Performance variance between turf, dirt, and synthetic.
  8. FT - Fitness Trend Run-to-run improvement curve and freshness index.
  9. BI - Barrier Impact Positional bias factoring in race distance and field size.
  10. EQ - Equipment/Change Factor Blinkers, visors, tongue ties, gelding or new trainer angles.
  11. TH - Trainer Heat Index Recent strike rate adjusted for stable form and intent.
  12. AI - Algorithmic Intelligence Auto-adjusted weighting from historical post-race data.
  13. PV - Predictive Value Adjustment Final calibration integrating probability variance from market odds.

FURTHER DESCRIPTION ON DATA POINTS INCLUDED IN ALGORITHM

TIME RATINGS ARE KEY TO FINDING VALUE

TIME RATINGS ARE KEY TO FINDING VALUE

TIME RATINGS ARE KEY TO FINDING VALUE

At VALUE BET, we have created a TIME-BASED-ALGORITHM. After analysing over 650 race results we believe TIME RATINGS are the FOUNDATION to predicting an outcome and the single most important attribute to forming an opinion on the outcome of a race.  It is a highly complexed model in assessing TIME RATINGS for each horse due to so many variables impacting the time of race. Pace of the race, wind speed and direction, conditions of the going and the different racetracks all have a major impact on TIME ASSESSMENTS. However we use a unique model to try and present the most accurate TIME RATING for every horse.

HORSES FORM & CONDITIONS OF THE RACE

TIME RATINGS ARE KEY TO FINDING VALUE

TIME RATINGS ARE KEY TO FINDING VALUE

Ultimately, VALUE BET focuses on the HORSE and its racing history - Many pundits do much research into the horses BREEDING however our analysis shows more focus needs to be on the horses FORM, specifically its last three races and the conditions of the race. The selection for investment needs to tick all the boxes, therefore the right FORM is imperative, the right MERIT RATING, the right DRAW , the right WEIGHT (WE DO CALCULATIONS ON DEAD WEIGHT), and racing over the right DISTANCE. We pay specific attention to horses who are either dropping in class or are on the up and rising in class with a light weight  - with strong winning form and more importantly, above average Time Ratings - they are often ahead of the handicapper

VALIDATION OF BOTH TRAINER AND JOCKEY

TIME RATINGS ARE KEY TO FINDING VALUE

VALIDATION OF BOTH TRAINER AND JOCKEY

Being confident in the jockey riding the horses we select is imperative, as is with the trainer of the horses. Ideally, the jockey has ridden the horse before and the trainer in a rich vein of form.  but this is not mandatory. We also take note of JOCKEY/TRAINER combinations as statistically these produce good outcomes. Likewise, we believe certain trainers produce better results with sprinters and certain are better with horses racing over longer distances

HORSES FOR COURSES

FORGIVE A POOR RUN AND DON'T FORGET PAST FORM

VALIDATION OF BOTH TRAINER AND JOCKEY

Horses do perform better on certain tracks due to their running style, how they finish their races off and ability to handle turns. Left and Right handed tracks may also have an impact. We assess this by looking at past races and statistics found in any form book or race card. The track conditions can have a huge impact on racehorses performance. Depending on the horses action and soundness, softer conditions could could benefit the performance and therefore we recommend to study past races to see how horses have run in softer or heavy conditions.

We take a close look at horses switching surfaces - a horse may have poor POLY TRACK form and switch back to TURF where it had good form, and visa versa.

FORGIVE A POOR RUN AND DON'T FORGET PAST FORM

FORGIVE A POOR RUN AND DON'T FORGET PAST FORM

FORGIVE A POOR RUN AND DON'T FORGET PAST FORM

Like humans, horses may have an off day and we FORGIVE a poor run and don't FORGET it's previous form. You will also pick up valuable information by WATCHING HORSES PAST RACES on video. The comments in a race-card often do not tell the full story. A horse may have raced wide during the race or parts of the race, been slightly inconvenienced in running or not ridden out fully due to circumstance, and this may have impacted its final place in the race. The day will come where, like rugby players, horses or jockeys will wear a tracker so you will see the exact distance covered by the horse in a race and any sudden STOP-START movements such as being checked during the race.

HORSES WELLNESS AND FITNESS IS VITAL

FORGIVE A POOR RUN AND DON'T FORGET PAST FORM

FORGIVE A POOR RUN AND DON'T FORGET PAST FORM

We believe it is critical to assess the FITNESS & WELLNESS of the horse before placing a bet on it. This can be done by checking how often the horse has run in its last three outings, any period of rest longer than 45 days and getting further information (Trainer interviews) on reasons for the rest.  Typically, a horse running within 21 days with no major resting periods should be relatively fit to be competitive. That is not to say a horse rested for several months cannot come out and win. It happens if the trainer has done the pre-work but on average most rested horses need a race or more to be fit to win.

UNDERSTAND REASONS FOR EQUIPMENT CHANGES

RECENTLY GELDED HORSES CAN IMPROVE AND POP UP AT VALUE

RECENTLY GELDED HORSES CAN IMPROVE AND POP UP AT VALUE

Whilst most horses race with allumite shoes, other EQUIPMENT changes often result in a better performance and favourable result for a racehorse. These may be applying Blinkers (full or half) or a Tongue Tie for the first time. Cheek pieces, compression masks and earmuffs are other equipment options for a trainer to try. 

RECENTLY GELDED HORSES CAN IMPROVE AND POP UP AT VALUE

RECENTLY GELDED HORSES CAN IMPROVE AND POP UP AT VALUE

RECENTLY GELDED HORSES CAN IMPROVE AND POP UP AT VALUE

There are several reasons to GELD (remove the colts testicles) a horse which you can study further but the message here is that horses can improve vastly once gelded. Not all do, but those that do can show significant improvement and this often results in finding a good VALUE BET. We monitor changes in weight of the racehorse before and after gelding. We watch the betting moves on GELDED horses racing for the first time as a GELDING, and try and listen to trainer interviews for further insights.

MONEY OFTEN TELLS A HIDDEN STORY

RECENTLY GELDED HORSES CAN IMPROVE AND POP UP AT VALUE

MONEY OFTEN TELLS A HIDDEN STORY

If a horse with average formlines had been heavily backed in one of its last three runs yet not performed, we dig deeper to understand why it was heavily punted and if anything went amis in the race it was heavily backed. Money on a horse is often a result of a horse without great form that has been performing above average in training. Often the horses have issues which the Trainer believes have now been resolved.

VALUE BET - BETTING STRUCTURE

VALUE BET INVESTS WHEN ODDS OFFERED EXCEED THE ALGORITHM PREDICTIVE ODDS

VALUE BET INVESTS WHEN ODDS OFFERED EXCEED THE ALGORITHM PREDICTIVE ODDS

VALUE BET INVESTS WHEN ODDS OFFERED EXCEED THE ALGORITHM PREDICTIVE ODDS

VALUE is achieved when the odds on a horse are far greater than our assessment and probability of the horse having a winning chance. We TAKE ON THE FANCIED RUNNERS and are not afraid to select an outsider at BIG ODDS to be part of our selections.  Too often punters limit the investment on a +10/1 horse to the bare minimum. We are confident in our analysis and assessment using the COMPETING FACTORS FRAMEWORK -  if a 20/1 pops upon our radar then we treat it as if it was a 3/1 horse and INCLUDE it in our structure of bets for the meeting.

VALUE BET STRUCTURING OF BETS

VALUE BET INVESTS WHEN ODDS OFFERED EXCEED THE ALGORITHM PREDICTIVE ODDS

VALUE BET INVESTS WHEN ODDS OFFERED EXCEED THE ALGORITHM PREDICTIVE ODDS

We complete all our analysis after validating the COMPETING FACTORS  and come to our short list of VALUE BETS  for the meeting. We normally land on three or four horses as a foundation for the meeting and plan our INVESTMENT around these horses. The horses will likely range in odds and we have different levels of confidence for each selection, based on the data not the horses odds. VALUE BET primarily invests on WIN BETS only and reverts to EACH WAY BETS on horses that are above 8/1. DOUBLE BETS are applied with limited investment and seen as an INVESTMENT LEVERAGE in order to cover any later risk on non-performance. 


VALUE BET MAIN TRADES


             WIN ONLY:   if 3/1 ≤ odds ≤ 8/1

WITHOUT FAV: if odds > 8/1

EACH WAY : if odds > 8/1

DOUBLES/ TREBLES: if odds < 3/1


PREDICTING + 50% OF WINNERS ON A RACE DAY IS EXTREMELY RARE

VALUE BET INVESTS WHEN ODDS OFFERED EXCEED THE ALGORITHM PREDICTIVE ODDS

PREDICTING + 50% OF WINNERS ON A RACE DAY IS EXTREMELY RARE

We rank our selections but are well aware this is horse racing and there is a decent chance our least fancied prediction ends up being our best performer. PREDICTING winners for the entire card is highly unlikely so we choose our top THREE, FOUR or FIVE selections and FOCUS on these within our betting model. These selections form our foundation investments for the meeting with  WIN or EACH WAY bets applied to all our selections depending on their price. Furthermore we see the potential to include the foundation selections in DOUBLES & TREBLES if the odds are not attractive on any horses. We allocate investment value based on confidence but do not let the odds decide on the bet value. We do not to trade on more than two horses to win in a single race. 

ON AVERAGE ONLY 30% OF FAVOURITES WIN

ON AVERAGE ONLY 30% OF FAVOURITES WIN

PREDICTING + 50% OF WINNERS ON A RACE DAY IS EXTREMELY RARE

We trust the DATA and STATISTICS. Backing FAVOURITES on average will not offer a decent return on investment as on average only 30% of FAVOURITES WIN and the chances of success will need to beat all the well recorded statistics. For example, if one backed 10 even money (1/1) horses, 6 out of the 10 would need to win for you make a tiny profit equal to backing a 1/5 horse. That's only if 60%  of the favourites win which is double the amount of 30% of favourites that win on average - WE TAKE ON THE FAVOURITES AND CERTAINLY STAY CLEAR OF SHORT PRICED HORSES EVEN THOUGH SOME MAY WIN.

ACCUMULATORS ARE TOUGH TO CRACK

ON AVERAGE ONLY 30% OF FAVOURITES WIN

DISCIPLINE - DISCIPLINE - DISCIPLINE

A friend of mine once had an analyst role for one of the Big 5 bookmakers in the UK.  He shared some facts that the bookmakers make a vast amount of their profits on punters trying to win accumulators and chasing the big bucks. We stay clear of accumulator bets and rather focus on quality, identifying  VALUE WIN BETS and at times DOUBLES & TREBLES rather than accumulators needing four or five horses to win. We appreciate the excitement of high risk exotic bets and the huge payouts but this is not part of our strategy

DISCIPLINE - DISCIPLINE - DISCIPLINE

ON AVERAGE ONLY 30% OF FAVOURITES WIN

DISCIPLINE - DISCIPLINE - DISCIPLINE

VALUE BET believe to succeed in MAKING PROFIT punting RACEHORSES one needs to apply STRICT DISCIPLINE.  It's so easy to stray from your investing strategy and often losing money leads to chasing losses with highly speculative bets and straying from PROVEN analysis. THIS IS DANGEROUS !  As a teenager in the 80's, I once saw an inebriated gambler trying to sell his shirt to bookies for a few rand to have a bet. A very sad sight indeed and he clearly did not understand or apply DISCIPLINE.  Stick to the budget and don't stray from the strategy unless it's a small speculative bet that popped up at the last minute due to circumstance

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