Quote:
Originally Posted by Calzone Lord
95% of the actual luck involved in a horse race manifests itself in the first 1/8th of a mile.
#1: The break - races can be lost at the break.
#2: Tactics and position - Races are always won and lost in the first furlong by tactics and position.
There is a way to remove the "luck" factor entirely from horse racing. It's called in-race betting, and they already do it in Europe.
Why would anyone want to bet on a horse race before seeing the break and observing the tactics? It's an exchange format, but the technology is already there...but racing in America is naturally way behind the curve.
Luck won't matter when in-race betting eventually comes to America.
However, anytime you bet a horse race before the gate opens, you're at the mercy of luck and high takeout. Still, luck isn't as big a deal as you're making it out to be.
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They do have in-race betting going already in the U.S. It's called past posting! You see it at the socal tracks daily. The tracks don't care because it just means more handle for them