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how are odds determined in horse racing
Odds in horse racing are determined by a complex algorithm that takes into consideration several factors. These include the horse’s running record, the records of its trainer and jockey, the distance of the race, the current weather conditions, the horse’s recent form, and the perceived strength of the field. The algorithm assigns a probability to each horse winning the race, which is then used to establish the odds. The lower the probability, the higher the odds and the greater potential payout. Racing professionals and experienced bettors also study a horse’s pedigree, racing style, and equipment to make informed betting decisions. ...