Web Reference: Apr 28, 2021 · I'd like to share what I do and hopefully might assist you in your future models. I start with over 100 factors (Obtained from Brisnet - damn expensive), then I perform an analysis for each particular race (Type, Distance, and Surface) utilizing Genetic Algorithms and Monte Carlo Simulations using Risk Solver Platform (Damn expensive). They're using insider info that the general public doesn't have, rather than a better AI model I'd say. They also likely have some algorithms to analyze the parimutuel odds vs. expected odds, but they also have more to go on than joe public due to their "connections". Yes, computer based form analysts use math to create great algorithms that beat the market by 20 percent in some cases which is scary good. Advances in AI tech will be used to build and improve on these algos in time.
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