Ratings Based Racing: What It Means At The Track
- Filed under: Casinos
- Date: Feb 1,2011
In the racing vernacular, the word ‘rating’ is thrown around a fair bit… It can mean a number of things: A computer generated number (rating) given to a horse based on racetrack performances; a ranking of horses relative to one-another with a mix between statistics and human involvement/opinion; or even simply an opinion given on a race whereby the punter ‘ranks’ each horse from favourite to least favourite. These “ratings” are quite different from the ‘ratings-based racing’ which has arrived recently to racing.
Ratings Based races bring together horses relative to their individual ratings and are free of any class restriction. The only ‘restriction’ on the eligibility for Ratings Based races is that nominated horses must be rated at or below the advertised rating. This allows horses to find suitable races based on their current form, compared to Class 1 to 6 races that hold horses in a particular class based on previous wins.
Whilst there are many advantages RBH (Ratings-Based Handicapping) offers, it must be remembered that it will not always provide the same adjustments that are usually afforded by “discretionary” handicapping. (i.e. using human opinion to issuing a horse’s weight) We cannot expect that a horse having a “ratings” adjustment after a particular race, will meet each runner that finished in front of him or her in that race, on better terms in the next race.
In the highly competitive world of providing horse race tips there is a war going on between computer generated ratings and human intellect. We interviewed many racing analysts and one such professional punter was quite baffled by those using computer ratings. David Gately from OzRacingForm.com explains: “Well if this was motorbike racing I could understand using a computer to find the winner, they have a maximum speed, no upside/downside, they can’t have an ‘off day’, wet/dry tracks doesn’t bother a motorbike etc. Horses, however, are subject to a plethora of outside influences and being animals, can be brave, scared, moody, they can improve sharply with fitness level differentials etc. This is only one opinion, but I feel computer ratings are the lazy way out and not very thorough”.
Racehorses can fluctuate their form just like human athletes can. Unfortunately though, racehorses cannot talk. So we, as punters, are required to recognise signals and signs from horses at either their previous run, or pre-race, that indicate what stage physically and mentally they are at, in order to find a winner. For example, a horse charges home in a slowly run race early in it’s preparation, this sends off obvious warning signs it is ready to win and may even be looking for extra distance. Another example might be if a horse leads, but is ‘taken on’ by other horses and given little peace. He may well fail in that particular race but then find a softer run up or near the lead at his next start and come out and win, at some value!
How to find the right race for a horse is crucial. An example: A horse may be a very good 1000m galloper yet this race is 1200m. This horse is the highest-rated runner in the race and may be favourite, however, realistically he has little chance of winning at a distance he is not comfortable at.
So, ratings-based racing should not be too scary, obviously it is a little more in-depth than say, simply a set-weights maiden. (where all horses are maidens (yet to win a race) and have the same weight) However, as explained, this type of racing can be full of ‘value’ (horses over their true odds of winning).
David Gately, disappointed by the number of “professional” outfits out there, trying to make a quick buck by flogging meaningless horse racing tips, continues to offer real information at the best prices around.
