Extracting novel insights from the formbook
By profitablebetting, Oct 21 2018 07:17AM
Punters that don’t have frequent access to inside information need to extract as much information as possible from the form book. One source of information that I think is under utilised by most backers is the comments in running’ quotes reproduced in the the form card. These comments are compiled by professional race readers and take the form of short summaries about a horse’s passage through a race. They therefore provide a rich source of qualitative information about how a race was run. They identify which horses made the running, were held up, ran on or stayed on at the finish and also highlight horses that, in the opinion of the race reader, won with a bit in hand.
One of the reasons why this information isn’t always used by punters is that it is hard to put a value on the comments because there hasn’t been any in-depth statistical analysis of whether or not certain comments are good at predicting future winners.
Fortunately with modern computers and limited knowledge of computer programming it is possible to pull out of the form book.
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