Horse Racing Data Distribution

Discussion regarding the spreadsheet functionality of Bet Angel.
Post Reply
Facedcomic
Posts: 5
Joined: Wed Apr 15, 2009 4:53 pm

Hi all, can anybody suggest the best data distribution for horse racing? I'm going to incorporate some confidence intervals within a chart, but can I assume the data is distributed normally or is there a better distribution to use? What distribution do Bet Angel charts use? Thanks, FC.
Bet Angel
Bet Angel
Bet Angel
Posts: 3999
Joined: Tue Apr 14, 2009 3:47 pm

I think it's reasonably safe to suggest that prices are generally normally distributed but you also need to be aware they are also highly correlated. This makes it difficult to completely accurately map it into a standard PDF.
seaspaniel
Posts: 18
Joined: Sun Apr 04, 2010 6:13 pm

The distriubtion is also bounded at the lower end which will need to be accounted for. i.e. the lowest limit for odds is 1.0
Post Reply

Return to “Bet Angel - Spreadsheet / Excel chat”