Is Horse Racing Software Worth It?

If you are interested in horse race betting, you are probably aware of the many software options available to help you choose a winning horse. But how do you know if these programs are worth your time, or if they actually help your odds of winning? Does technology actually improve a punter’s chances of winning big, or is it better to bet the old-fashioned way?

The main thing that horse racing software does is provide data. For each horse, the software can tell you percentages of races won, past statistics, and factors such as age, jockey history, etc. Some software calculates probabilities and makes predictions for you as well based on the hard data. Some of these programs work with cumulative data that goes back 5 or more years, so you can really get a background on a certain horse and its chances of winning.

Of course there is always going to be a favourite for each race when using this kind of software. If you calculate always based on data, one horse is going to mathematically come out on top. However, if you always choose to bet on the statistical favourite, your payout is going to be less because most people are going to be betting on that horse. The real question is – can horse racing software pick out the underdog value horses as well as the favourites?

One sad fact is that horse racing software does not keep track of last-minute jockey changes. Historically it may say how one horse has performed with a certain jockey, but there are always new jockeys and new combinations on the scene. It is always good to take a chance once in a while on a new horse-jockey combination because you could win big on this wild card. Horse racing software also does not take conditions and weather into consideration. There are some horses that win all the time in good weather but who fare horribly in inclement conditions. How a horse performs in bad weather is something you need to keep an eye on yourself.

While horse racing software will give you the hard facts, and can be great for beginners who don’t know much about the sport, a seasoned punter will want to rely more on his gut and observations when it comes to picking out that big-winning ticket.

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