Chrome Prince
21st January 2008, 12:24 PM
No, not quite what you might think ;)
As Tennis seems to be on everyone's mind including my own, a spark was ignited.
Why not apply Tennis rankings or seedings to horses.
A Group1 might be a Grand Slam
Of course that's what ratings are, but not in the same way.
And there are no tournaments.
What I found of some interest were the round points and then bonus points allocated to beating a higher ranked opponent.
As I understand it, horses are awarded ratings for winning a race, but there are no bonus points for beating a higher ranked horse per se.
Points could be awarded on where there horse places in a race (tournament) and bonus points for beating a higher ranked horse.
Also what I found was all that matters is the ranking of the player you beat (horse). Therefore the quality of the race can be determined by the horse you beat, not by the prizemoney or advertised class.
A massively intensive exercise to have anything like a Tennis database for horses, but for example, one could just try it on Group 1 races as Grand Slams and work out prices from the points and have rankings already in place.
Of course it would have to be up to date and accurate, so you could generate the whole field and the points and rankings and prices for each meet when the final field was known.
It is interesting to note that for tour events, players get points for a win at each level but not for running second - getting beaten. The points the second placegetter gets are retrospective (they won the previous match, so those are there points) they get nothing for losing the final.
However, you get bonus points for the type of opponent beaten and a bonus for winning a Grand Slam.
What I guess I'm getting at, is to have each horse with points and points that are modified along the way, which is a rating and easily converted to price at declaration time.
I believe that Techform and some bookmakers use this type of method, just not the Grand Slam method ;)
I might look into this further - any ideas or comments?
As Tennis seems to be on everyone's mind including my own, a spark was ignited.
Why not apply Tennis rankings or seedings to horses.
A Group1 might be a Grand Slam
Of course that's what ratings are, but not in the same way.
And there are no tournaments.
What I found of some interest were the round points and then bonus points allocated to beating a higher ranked opponent.
As I understand it, horses are awarded ratings for winning a race, but there are no bonus points for beating a higher ranked horse per se.
Points could be awarded on where there horse places in a race (tournament) and bonus points for beating a higher ranked horse.
Also what I found was all that matters is the ranking of the player you beat (horse). Therefore the quality of the race can be determined by the horse you beat, not by the prizemoney or advertised class.
A massively intensive exercise to have anything like a Tennis database for horses, but for example, one could just try it on Group 1 races as Grand Slams and work out prices from the points and have rankings already in place.
Of course it would have to be up to date and accurate, so you could generate the whole field and the points and rankings and prices for each meet when the final field was known.
It is interesting to note that for tour events, players get points for a win at each level but not for running second - getting beaten. The points the second placegetter gets are retrospective (they won the previous match, so those are there points) they get nothing for losing the final.
However, you get bonus points for the type of opponent beaten and a bonus for winning a Grand Slam.
What I guess I'm getting at, is to have each horse with points and points that are modified along the way, which is a rating and easily converted to price at declaration time.
I believe that Techform and some bookmakers use this type of method, just not the Grand Slam method ;)
I might look into this further - any ideas or comments?