|
Elo ratings for handicapping
I've had the idea for some time now of using the Elo rating system for handicapping. The idea is to come up with a list of all horses that race in a given circuit and then treat each race as an all-play-all tournament. Each horse would be given a rating of 1000 to start (or whatever). Of course shippers would present a problem. And of course the resultant ratings might not be very useful, sort of like BRIS's Prime Power rating. However, I understand that the Elo ratings generate a rather accurate probability of winning and could be used to generate an odds line. I have never found time to develop this idea but maybe some day...
__________________
Sapere aude
|
