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probability - Calculating probabilities in horse racing!
https://math.stackexchange.com/questions/878910/calculating-probabilities-in-horse-racing
The vector $v = (1/12,1/12,-1/6,1/12,-1/6,1/12)$ is in the kernel of $M$. Modifying the above example for the three equal horses by this vector, we get the probabilities $P_{ABC} = 1/6 + 1/12 = 1/4$, $P_{ACB} = 1/4$, $P_{BAC} = 0$, $P_{BCA} = 1/4$, $P_{CAB} = 0$, $P_{CBA} = 1/4$. Horse $A$ wins with probability $1/2$.
Horse Racing Basic Probability | Timeform Knowledge
https://www.timeform.com/horse-racing/features/rowley/the-timeform-knowledge-basic-probability-1892015
The calculation of this is 1/6 multiplied by 1/6 = 1/36 or 0.0277 recurring in terms of probabilities. One aspect of probability which often trips up the novice (and even sometimes the expert) is that the probability of throwing two consecutive identical numbers is …
Horse Racing Odds: How to Read Odds & Calculate Payouts
https://www.amwager.com/blog/horse-racing-odds/
The numbers displayed as 4-7 or 2-5 tell you what you pay and how much you get back if the horse you bet on wins. The first number tells you how much you could win, the second number is the amount you bet. So, if the odds are listed as 2-1, you’ll get $2 for every $1 you bet. Odds are displayed in one of two formats.
Probability & Statistics (24 of 62) Calculating the Odds …
https://www.youtube.com/watch?v=2xXUK7GLo1s
Visit http://ilectureonline.com for more math and science lectures!In this video I will calculate the odds on, and odds against in horse racing.Next video in...
Probability in Odds and Horse Racing Discussion | Horse …
https://www.horseracingpro.co.uk/probability-and-odds-discussions/
Horse Racing - Win Probability/Place Probability | MrExcel …
https://www.mrexcel.com/board/threads/horse-racing-win-probability-place-probability.1028707/
This is equal to P (X)/ { (1-P (1))* (1-P (2))} where P (1) is the probability that Horse 1 wins and where P (2) is the probability that Horse 2 wins. This is then multiplied by the probability that Horse 1 wins and Horse 2 comes second (the latter being determined as outlined on the previous page). Thank you for those who offer some advice!
probability - Horse Racing Odds in Statistics - Stack Exchange
https://math.stackexchange.com/questions/583061/horse-racing-odds-in-statistics
Adding these up and dividing by 5 the average probability of a horse winning is 3101 10725 making the odds 7620 : 3101. Also note the odds do not directly represent the real chances of horse winning but a perceived chance and the odds may go up or down depending on how much money has been bet.
Punters Revenge - Horse racing odds probability calculator
Racing odds probablity tools Inspired by the work of Tony Drapkin and Tony Forsyth in The Punter's Revenge our horse racing odds probability calculator provides the user with a quick and relatively simple guide to the probable chances of the horses he or she proposes to back, and to suggest the minimum odds which should be offered about a horse before it can be considered …
Horse Racing Gambling Calculator | America's Best Racing
https://www.americasbestracing.net/gambling-calculator
Calculator Instructions Select a bet amount in the left column. Select a bet type in the right column. Select the horses to include in the wager. The total cost of the ticket will appear next to the words Ticket Cost.
Probability models on horse-race outcomes
https://www.stat.berkeley.edu/~aldous/157/Papers/ali.pdf
Modellinghorse-raceoutcomes 225 TABLE1.Datadescription Averagebet Averagebetper Racetrack No.ofracing Averagedaily perrace personinarace andyear dates No.races attendance (US$)a (US$) Saratoga
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