Why has technology left handicapping in the dust?

[Tom]

Originally Posted by vegasone

You're just saying stuff about which you have not even researched. Past performances start a little over $100 per month for a subscription. Just depends on the type of info you need.. Just go to BRIS and do some digging to see what suits your style.


If you want to import into Excel just do a little research into its capabilities.

BRIS has limited data availble in a useable format. Their PP datafile is not what I want. The comprehensive charts is more like it, but not practicle.

[MJC922]

It's a good thread. IMO there's likely pent-up demand for this type of software but due to the data requirements and the integrated wagering requirements I would look at it as a project with such a wide scope that it would be more suited to something that an ADW might aspire to make available in order to gain total market dominance. It's probably even more than any ADW can pull off, it's more likely better suited to something the entire industry might want throw its weight behind as a massive software development project.

I believe there are a lot of people who would like to wager in some sort of automated fashion every day but can't do it and that's a ton of money being on left on the table. There are many who work all day long and due to time constraints they can't really bet much of anything until Saturday or Sunday rolls around.

There are probably tens of thousands of people who would like to do research and be able to take that research seamlessly into spot plays, models etc. They want to do this today and start betting tomorrow. It's really up to the industry to find a way to tap into that huge potential.

Right now everything is available but it's very much disconnected. I can do it all by myself but it's not all integrated. There's the database as the container, there's Excel for research and implementing, then there's also automation for the wagering piece. It's all there and I can do it but not seamlessly. It's definitely not something the general public can be expected to do for itself.

[steveb]

Originally Posted by Robert Fischer

the syndicates who use computers to batch wager a bunch of money into various pools with best possible access to the pool (often seconds better than on track).

These guys on PA can explain better than me.

CRW = Computer Robotic Wagering, sometimes called CAW = Computer Assisted Wagering ( I'm not sure by your post if it was just the acronym that was different to you, or the principle )

I did not know what the letters were standing for.
Thanks for the explanation.

[azeri98]

I think within a few years some type of AI will be able to determine which horse will win a race just based on data. It will not be able to determine the drug and cheating aspect of racing.

[PaceAdvantage]

Originally Posted by azeri98

I think within a few years some type of AI will be able to determine which horse will win a race just based on data. It will not be able to determine the drug and cheating aspect of racing.

You don't have to be correct 100% of the time...or even 33% of the time...to make money

[azeri98]

Originally Posted by PaceAdvantage

You don't have to be correct 100% of the time...or even 33% of the time...to make money

Absolutely

[classhandicapper]

Originally Posted by Tom

BRIS has limited data availble in a useable format. Their PP datafile is not what I want. The comprehensive charts is more like it, but not practicle.

The Formulator PP data is pretty good. That’s what I use. There are a few things missing that would make it better and the documentation itself is a little out of date (I documented potential updates while I was there) but no project ever advanced to make the everything more complete and up to date. Lonnie at DRF is terrific and can help if there are questions and you can always hit me up here.

[classhandicapper]

Originally Posted by azeri98

I think within a few years some type of AI will be able to determine which horse will win a race just based on data. It will not be able to determine the drug and cheating aspect of racing.

I met a couple of Ivy League guys that were using a self learning system to make selections and place the bets while I was at DRF. They claimed they had significant profits around the country. They were trying to sell some of the tech as a way to improve DRFbets and marketing. So it’s already out there.

[PaceAdvantage]

Originally Posted by classhandicapper

I met a couple of Ivy League guys that were using a self learning system to make selections and place the bets while I was at DRF. They claimed they had significant profits around the country. They were trying to sell some of the tech as a way to improve DRFbets and marketing. So it’s already out there.

of course...that's my point

technology has left racing SO FAR behind, that it is only a very select few people who have access to this type of technology

Folks want to believe AI can't pick winners. We saw the very naive comment in this thread about AI and horses recently.

People who believe this are in for a rude awakening. If you thought the computer betting teams messed up racing, wait until the AI boys get finished with it. AI is just starting to hit its stride and become affordable to people with deep pockets.

Nvidia's current flagship AI processor only costs $10k...well within the reach of the "teams"

[ReplayRandall]

Since we are playing a game that has so many hidden factors and information, AI won't change anything....Except to produce more opportunities for contrarian scores...This isn't chess we're playing.

[PaceAdvantage]

Originally Posted by ReplayRandall

Since we are playing a game that has so many hidden factors and information, AI won't change anything....Except to produce more opportunities for contrarian scores...This isn't chess we're playing.

Baloney...this game is so far behind the technology curve, that a select few can swoop in and start taking TONS of advantage with cutting edge AI.

Until enough people start piling on to reduce their advantage, there's no way that WON'T HAPPEN.

It's ALREADY happening.

[ReplayRandall]

Originally Posted by PaceAdvantage

Baloney...this game is so far behind the technology curve, that a select few can swoop in and start taking TONS of advantage with cutting edge AI.

Until enough people start piling on to reduce their advantage, there's no way that WON'T HAPPEN.

It's ALREADY happening.

Nope....You're wrong....I live it every day and you don't.

[PalaceOfFortLarned]

Originally Posted by ReplayRandall

Since we are playing a game that has so many hidden factors and information, AI won't change anything....Except to produce more opportunities for contrarian scores...This isn't chess we're playing.

AI has the ability to learn like a human brain.

However, it also takes away the emotion of the human brain.

When designed for a pure profit mode of learning, it will acquire new tools and theories without the baggage that the emotional human mind carries. And it will keep learning and not keep using the same logic and theories for 10 to 20 years.

Like PA said. CAW's are already a massive factor in the game today. I have little doubt if instituted, AI would take them over as the biggest influence/player in the game.

[ReplayRandall]

Theorize all you want...I live it EVERY day.

[PaceAdvantage]

Originally Posted by ReplayRandall

Theorize all you want...I live it EVERY day.

Live what? Exactly.