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The secret to the different types of odds in racing is that there are two main types of odds: those geared towards money or profit, and those that measure the skills of the horses. All odds work the same regardless of what the player wants to do. The different types of odds are: tote board, handicap, morning line, calibration, unit, last allowed, daily race form consensus, newspaper, online companies and some of these are much stronger than others. Most of them are used to rate a horse’s abilities compared to other horses. Giving a relative strength or weakness to each of them.
The tote board is for the public. profit cap and disability in one. It is what the player will be paid per dollar if he wins on a specific horse. In a little more detail: (one) The tote board is the last word on how much money will be paid per horse. (2) The morning line is built by a marshal and is also a profit cap and the handicap in an assessment of the money to be earned and the horse’s abilities, but it’s not the last word or last word on the matter. (3) Calibration is where the last allowed odds and pace are taken and combined to produce a number of odds for the horse.(s).
Calibration is a personally constructed probability. (4) Unit odds are when you are using a set of multiple horses in one in a single finishing position order (win, place, show, etc.) like an everything. The set itself receives the probabilities as a unit. Measures the possibility of a horse entering outside the set. (5) The last quota allowed is the one that the public gave the horse the last time it ran. This can be used in various ways. (6) The daily race consensus form is located at the beginning of each race on the daily race form.
This is where 5-6 experts give their assessments of the abilities of various horses. (7) The major newspapers publish their odds for specific tracks and specific horses and it’s good but not great. (8) Handicap Odds (there are two types: statistical and individual) of the first type are statistical in nature and very powerful. They are similar to unit probabilities but stronger and take into account the actions of horses over 100 to 1,000 variables in statistical samples. (9) Online companies on the web (World Wide Web) or the net (Internet) process large amounts of information with computers and create robust probabilities in many cases. brisnet.com Y tsn.com are two of the most popular.
Too: (10) Handicap odds of the second type are individual and are made per horse and are compared to the tote board for overlays, under-lays and even-lays. This is partly the secret of the different types of odds in racing.