EC1
On a break
Sorry, had major unplanned outage which BT took an age to sort.
I wrote some guidelines to time analysis on Betfair some time ago which were similar to those used in the short-lived (and not greatly missed) The Sportsman and which have been adopted by a major form service abroad. The series had to cut a few corners due to the platform on which it was appearing and limitations on space and presentation.
http://betting.betfair.com/horse-ra...-rowlands-on-time-analysis-part-o-240309.html
http://betting.betfair.com/horse-racing/betting-strategy/post-182-010409.html
http://betting.betfair.ie/irish-rac...lands-on-time-analysis-part-three-080409.html
The essence is that if you convert the difference between standard time and actual time into a poundage then it becomes a question of normalising for other factors - which include ability shown and weight carried, both already expressed in the same manner - and identifying a going allowance from that. I do not actually use the "minimum value" approach suggested but a variation on that.
There are a few pertinent issues, among them that any standard times based on averages or medians are likely to be unreliable due to the skewed distribution of times; standard times over jumps estimated from race distances are hopeless due to the imprecision of race distances over jumps; pounds per length differ at the same distance under different circumstances; that individual horse times should be engineered from the result where possible; and that class pars are imprecise compared with an accurate assessment of a horse's performance after the event.
cracking stuff Pru
what did you make of Canfords speed figure on Saturday?