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A better horse will carry a heavier weight, to give him or her a disadvantage when racing against slower horses. The handicapper's goal in assigning handicap weights is to enable all the horses to finish together (in a dead heat). The skill in betting on a handicap horse race is in determining which horse can overcome its handicap. [4]
A handicap race in horse racing is a race in which horses carry different weights, allocated by the handicapper. A better horse will carry a heavier weight, to give it a disadvantage when racing against slower horses. The skill in betting on a handicap race lies in predicting which horse can overcome its handicap. [1]
This weight varies depending on the horse's age, its sex, the race distance and the month of the year. Weight for age races are usually Group 1 races, races of the highest quality. It is a form of handicapping for horse racing, but within the horse racing industry is not referred to as handicap, which is reserved for more general handicapping.
The Dosage Index is a mathematical figure used by breeders of Thoroughbred race horses, and sometimes by bettors handicapping horse races, to quantify a horse's ability, or inability, to negotiate the various distances at which horse races are run. It is calculated based on an analysis of the horse's pedigree.
Some horse racing betting systems can be based on pure statistical analysis of the odds, while others also analyze physical factors (e.g. the horses' form, jockey form and lane draw). Common forms of betting systems for horse racing are: hedging - betting on multiple outcomes in a race; arbitrage - lay the horse a low price and back it at a ...
In Betting Thoroughbreds, Steve Davidowitz claimed that (in 1974), "the top-figure horse wins 35 percent of the time, at a slight loss for every $2.00 wagered." This is an example of using the top figure as a "power rating," or singular measure of a horse's ability. In horse racing, power ratings are generally called class ratings.
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Behind the betting windows at Ascot racetrack, Australia February 1939. An automatic totalisator is a device to add up the bets in a pari-mutuel betting system. The whole of the pot (the stakes on all competitors) is divided pro rata to the stakes placed on the winning competitor, and those tickets are paid out.