Things You'll Need:
- Horse racing analysis software
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Step 1
Use horse racing analysis software to compile data from all events around the world. You should look for software that automatically records all race results by linking with active websites, so that all information about handicapping is fresh and up to date. This information should be automatically converted to a spreadsheet, such as Microsoft Excel, or other types of database reports.
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Step 2
Look for a horse racing analysis software that builds a database based upon historical performances, and then extracts pertinent statistical information that will help you in your handicapping efforts. The software should use modern statistical methods to make appropriate calculations, such as Brohamer Pace Ratings, Bris or TSN. Again, this information should be easily converted to a spreadsheet for your personal use.
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Step 3
Find a software application that will allow you to use your own handicapping methods, and compare the results against the methods suggested by the program. The software should automatically compile the data in an easy-to-read format so you can determine if your personal methods are effective.
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Step 4
Select a horse racing analysis software that offers a live toteboard feature that allows you to keep track of all events as they occur. The software should be making continuous calculations on all win, place and show bets, as well as Quinella, Trifecta and Exacta wagers.
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Step 5
Use online resources to try horse racing analysis software, such as Lay The Odds (see Resources below). This type of betting software can also be used for other sporting events, such as football, as well as financial trading. With a paid subscription, you can also get access to betting tutorials, horse racing blogs and other pertinent resources for horse racing data.
