Technology is playing an increased role in how we bet in this modern day, with AI being a common tool that is growing in prominence.
Many sports require bettors to compile long lists of data before making an informed decision, meaning it is no surprise that the tech is being used to calculate potential outcomes of fixtures and matches.
Sports such as basketball, American Football, and soccer all rely heavily on stats, as gamblers will need to go through key head to head records, past results, and seasonal averages as well as the latest team news.
However, it could be argued that few sports results are as dependent on covering stats and trends than horse racing. But, can AI accurately predict the outcome of horse races with limited failures?
What is AI?
Before delving into the stats that AI will assess before making horse racing predictions, it is important to understand what Artificial Intelligence is.
Simply put, the tech is the simulation of human intelligence but processed by machines.
This enables the tech to go through huge numbers and trends to come out with outcomes in a much quicker time frame than it would take a human to come to the same outcome.
The tech has been used more readily across a variety of different sectors due to its success, as it has proven to have a positive success rate when making problem-solving decisions.
Therefore, the strike-rate ensures that it has become a prominent tool for bettors to assess before making their selections on big races on the calendar.
How Can AI Be Used in Horse Racing?
AI can be used in a variety of different ways in horse racing, and each could have a bearing on the potential outcome of a race. Below, you can learn more about some of the areas of the sector in which AI is being used to make decisions within the sport.
Analysing Data
Horse racing is a sport that is hugely dependent on the stats, with each form line, breeding information, and past performances needing to be understood to truly get a finger on a horse.
The vast amount of data can be hugely consuming for fans of the sport to digest, meaning that AI is becoming a useful tool to help fine-tune this process.
AI can analyse past performances, breeding information, and stats, while also taking into account the potential riding patterns of jockeys and also the strike-rates of trainers. It is also able to take into account potential betting patterns and also weather forecasts before predicting the outcome of big events like Kentucky Derby, as TwinSpires shows.
This ensures that AI is able to throw out more valuable predictions than most other forms of the tech, as it will give out a run that stands the highest probability of victories after taking every possible factor into consideration.
Predicting Races
One of the most useful tools for bettors over the coming years will be the predictive modelling that can be utilised to make selections on some of the most famous races on the international schedule.
While many AI predictive tools will require a fee being paid, there are also free services that can be explored. This includes Grok on X, which enables users to ask AI a question revolving around a sporting event.
Predictive modelling is not only a useful tool for bettors, but it can also be huge important to trainers and owners when it comes to assessing whether they should run a horse.
Furthermore, the predictive modelling could also be used to help fine-tune a plan that will see a trainer give their horse the best possible chance of winning a race.
Analysing Performances
It isn’t just betting purposes where AI could have a huge impact on the sport. The tech could also be transformative when it comes to analysing a horse’s performance on track, and can be used to pinpoint areas where a runner will need to improve to ensure that they are able to get closer to winning races in the future.
The AI can help show strengths and weaknesses of a horse, making it easier for a trainer to find what is needed to work on to enhance a potential champions chances of reaching the next level of the sport. Not only this, but AI can also be hugely important when it comes to horse welfare.
The revolutionary tech can take into account all numbers that a horse is posting, and clearly identify if something may be amiss with their training. This includes examining their movement, vital signs, and stacking up their past performances with their most recent efforts on track.
Not only will this help identify lingering issues for a trainer when it comes to not getting the best out of their runner, but it could also save the lives of thousands of horses across the United States.
Advantages of Using AI to Predict Horse Racing Results
AI is likely to be used more readily by bettors over the coming years when it comes to making selections on some of the major races on the international calendar.
The tech’s ability to process large amounts of data quickly is a vitally important factor for bettors, as it will save hours on end going through the information. Furthermore, it will also rule out the risk of human error, which could be likely after going through so many numbers for hours on end.
AI can also help educate aspiring bettors on the sport, as it can help give gamblers a betting understanding of trends and stats that are vital to find a winner of the race.
However, like all forms of technology, there are also drawbacks. One of the key considerations is that while examining stats and trends are important, there is by no means a full-proof plan, as racing can be incredibly unpredictable.
Furthermore, using AI will take a lot of the enjoyment of research out of the equation for bettors that have followed and betted on the sport for a prolonged period of time. But, overall, it can be a useful tool to go hand-in-hand with a bettors only research.