Can AI Predict Winning Horse Racing Tips?
So you like a bet on the horses?
Nothing wrong with that you may say. A little flutter. It could be a day to remember if that 50/1 shot hoses up.
However, I do have one question: ‘Should I ask a person or a robot for a tip?’
Images come to mind of a professional gambler robot, smoking a cigar, reading the form, and spouting out: ‘I’ve got a horse!’
Perhaps I have an overactive imagination. I’m not even sure how a robot or artificial intelligent (AI) comes to making a horse racing tip selection. I guess it works like a person but much quicker and better. It has a strike rate that even Nick Mordin would respect. I’m sure if he still wrote for The Weekend publication he’d have The Robot vs Dave Nevison in a battle to the death.
My money would be on Dave ‘The Human’ Nevison.
You have only to watch the news or read the tabloids to appreciate the world has changed with the advancement of AI. Hollywood script writers are fearful of being put out of work, artists fear their work will be duplicated in the style of Banksy. While Eric Winner Racing Tips are wondering which robot will put him out of business.
But why is AI so good at tipping horses?
Here are a few bullet points to make any homo sapien horse racing tipster squirm:
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AI can analyse vast amounts of data and identify patterns humans may miss.
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Within seconds it assess information about horses, trainers, jockeys and variables you cannot even imagine.
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For example, it may identify horses that have won at certain prices, weather conditions or information that isn’t freely available to human counterparts.
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AI can process data in real time allowing it to change its prediction for changing conditions like going description or betting patterns.
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It makes judgements without emotions, which is a problem for most human gamblers when struggling for form or over confident.
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In a world of increasing data it may be able to tap into aspects such as horse diet, training routines, or even horse temperament.
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This has already been detailed with the Horse Racing Prediction System (HRPS) developed at the University of Hertfordshire which combines machine learning with statistical models to analyse data on horses.
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Another example is Betmix AI system.
It is important to remember that although IA systems have proclaimed impressive results they are not infallible. Even the most advanced systems cannot account for all the variables which make a winning tip. Gambling should be be approached with caution and responsible betting should be followed.
The next time you are thinking of placing a bet, your biggest decision may be to consider who do you want to blame for your next loser!