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it's old and many here will prolly say it no longer has value
I'm not so sure about that
the Title is:
“Searching for Positive Returns at the Track: A Multinomial Logit Model for Handicapping Horse Races.”
at the first link it's a free download I think - no mention of price - and I'm pretty sure the site is legit - looks like an academic site
I wonder if anybody has read this or has any comments
the 2nd link is the article which states that it was this paper that inspired Bill Benter
https://www.researchgate.net/publica...s_at_the_Track
https://www.bloomberg.com/news/featu...se-racing-code
.