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Forbes - May 24, 2018

2018 Kentucky Derby: How Analytics Are Transforming The Art Of Handicapping In Horse Racing

By: Matt Rybaltowski

Launched in August 2016, STATS Race Lens combines predictive modeling with other features such as conditional formatting and handicapping back-testing to assist bettors in sifting through a mountain of data before a race.

Take the weather forecasts for Saturday's Run For The Roses, for instance. STATS True Odds uses predictive algorithms developed by STATS LLC in an attempt to determine how a race will unfold. The tool gives handicappers the option of weighing a multitude of factors — speed, class, jockey, trainer, pace and track conditions, etc. — when trying to predict the race. A bettor who expects the weather to play a large role can assign a high probability factor to the conditions of the track while giving less weight to considerations such as a jockey's win percentage at Churchill Downs.

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