An Investigation of Decision Rules for Thoroughbred Race Horse Wagering

Roger C. Vergin
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Roger C. Vergin: Simon Fraser University, Burnaby, British Columbia

Interfaces, 1977, vol. 8, issue 1, 34-45

Abstract: As long as horses have raced, men have bet on the outcome. And, from the beginning of racing, some have sought means of outwitting other bettors and earning large profits from their bets. A large number and wide variety of books on handicapping horse races have been published. The authors almost invariably proclaim that following their suggested handicapping methods will lead to profits and often provide a series of simple rules or a “system” for beating the races.Anecdotal evidence is normally provided in support of the systems, but little systematic analysis of the systems has been published. In this report, several such systems are evaluated, the apparently successful parts of the evaluated systems are then incorporated into a new betting system, and the new system is given an independent test on two sets of races at two different race tracks.

Date: 1977
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