Thread: ratings to odds
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Old 5th March 2003, 04:46 PM
woof43 woof43 is offline
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Join Date: Jan 1970
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Hi thevig,
the reason i mentioned standardising the data is that you can place an accurate score against every start a horse has, then using the Mean & Standard deviation of each horses score you can then develop an Oddsline.
so to find the z score of a two horse race, you would do the following. zscore=HorseA (mean score)-(minus) HorseB(mean score)/(divided by Horse B(standard deviation) you then look up the zscore on any zscore table on the internet this is the probability that horse B would beat horse A , if horse A ran an average race.
you then reverse the Mean scores and use Horse A standard deviation to find the probability of Horse A beating horse B if horse B ran an average race.

[ This Message was edited by: woof43 on 2003-03-05 17:56 ]
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