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Using Probability and Power Rankings to Find Good Horse Racing Bets

Many of the main stream providers of horse racing handicapping information use a computer generated power number or ranking to indicate a horse’s overall strength in a race… the higher the ranking the better the horse. A quick way to handicap a race is simply to look for good jockeys who win frequently with a horse that has a high power number. Unfortunately, while this may pick winners it doesn’t necessarily answer the question of whether or not that is a good bet. In order to know if a horse is a good bet you need to know its chances of winning, otherwise known as win probability (WP) and then compare that to the odds at post time.

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