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Betfair’s own Data Scientists have created a prediction model which produces ratings that you can use as Horse Racing Tips for nearly every thoroughbred meeting in Australia.
The Model is built using Punting Form data. This includes Sectional Time data, benchmark ratings, jockey strike rates and dozens of other features.
You can use these outputs to find value in the Betfair Exchange. Backing or laying selections that stand out in these horse racing tips.
The Ratings Model provides rated prices for every runner at selected thoroughbred meetings across Australia, offering an alternative from standard horse racing tips.
Using Punting Form data, the model is able to calculate its prediction of each runner’s percentage chance of winning that race, before then converting it to what it believes that runner’s true odds should be, a.k.a. that runner’s rated price.
Using these rated prices, Betfair customers can then compare the model’s price to that of the price on offer on the Exchange as a unique format of horse racing tips.
The model makes it easy to identify value, outlining the value percentage of each runner in the race where applicable.
Ratings are numerical measures that are an expected rating for each horse for the upcoming meeting to produce horse racing tips. Prices are formulated by multiple factors including past performance, upcoming race conditions, trainer and jockey statistics and a range of other variables considered by our Data Scientists.
NB: The Data Scientists’ best-profiled runner is highlighted in grey. The ‘Value’ % is calculated looking at the difference in win probability based on the Analysts rated price v current Exchange market price.
Ie. 20% win rated chance vs 12.5% win chance in the market is a 7.5% difference in winning chance. This is calculated by: (1 / model odds) – (1 / price).
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