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Are speed figures worth the effort?

The Hare

Mare
Hello All

This is my first post on here and although it looks a little controversial, title wise, I am just deliberating whether compiling speed figures is a useful way to spend my time.

I have read most of the posts on here especially the excellent efforts of The Blues Brothers (Mike). Also though i haven't been a member of the group for too long, i do have a lot of experience with horse racing and in the distant past compiled speed figures for a local newspaper. It is 20 years maybe since i have produced them and to be fair my horse racing study has been placed on the back burner for the last 10 years or so.

But speed figures have always interested me as when i used them they were overlooked, prior to the Mordin and American authors becoming well known in the UK. Obviously the influx of the Internet and the easily automised American methods have made speed figures more available to punters. But there are still few available using the weight carried.

However even reading Mike's excellent articles on here and those of Simon Rowlands, via the Betfair website, i still wonder whether the inaccuracies makes them worthwhile?

The hardest part is the compiling of accurate standard times. The 2 most widely available being Racing Post and Timeform. I imagine the Timeform ones are the more accurate, though i have no personal access to them. As Mike has pointed out on here there are many vagaries in how the Racing Post ones are compiled. I could purchase Timeform and back engineer the figures, but my main interest is in Jump Racing and Timeform continue not to produce speed figures for this section of the sport.

So how to compile them? Mike has written an excellent article on here on how he compiles them using the 25 fastest times at each distance but to me this creates a bias based on how many races are run at each distance? Perhaps the use of a similar percentage of races for each distance is better? No criticism of Mike as he clearly has much more recent knowledge than myself.

Then do you just use the "raw" time or adapt for weight carried, age of horse and ability of the horse? Then after that we have the different going on each day to further refine the finishing time.

But the main advantage in producing them, is i suppose that everyone uses different methods to obtain their standard times and ratings which is perhaps the reason to produce them as accurate production and knowledge of their use must be an advantage?

So other than how to compile standard times, the other issue i have, is the accuracy of the data available. Especially here are the number of different times a race winner's time is given. Racing Post may be the main ones used, but Timeform are timing their own and are in some cases significantly different.

With such inaccuracies in timing; the crazy conversion of times into lengths for final distances by the racecourse judges and the moving of rails and omissions of fences and hurdles. Can producing speed figures be worthwhile?
 
The Hare The Hare

There will always be inaccuracies with standard times, I even fell out with Dave Edwards on the subject, when I pointed out to him how far out his 2m3f and 2m5f leopardstown chase times were,
you can have the best standard times in the world, but unless you have the ability to compile accurate going allowances, the process of compiling speed figures becomes meaningless.

Just recently I noticed that the 2yo's running over the 5f10y trip at Windsor were earning speed figures 10lbs above their class, the Racing Post standard time was 59.20s, which has just been
recently changed by Dave Edwards to 59.00s, I use 58.40s and this corrected the problem.

Last year I sat down to compile the Standard times for the French racing scene, using the best racing data I have ever seen, supplied by Paris base forum member Ray rpjd99 rpjd99.

The method I used was to select 25 times from a list of the 100 best times, removing any outliers (quick times run on firm going), and then run the data through a model in SPSS to obtain the Lower Bound
figure of the data, I find the method of using the mean/average as being one-dimensional.

One of the problems I came across working on the standards for Auteuil (FR), was once a year they run a 3m6f chase, the problem we had here was there was not enough data, so I solved this
problem by running a linear regression model in SPSS to calculate the slope (time per furlong) of the racecourse to calculate the time.

Standard times:
https://web.cloud.virginmedia.com/?shareObject=194f4b16-0ff1-8753-2530-079536e8cd56

National Hunt Ratings:
https://web.cloud.virginmedia.com/?shareObject=5b0aaf78-6d2a-5813-87c0-ee69b19afba0

Flat Ratings:
https://web.cloud.virginmedia.com/?shareObject=a4b24f84-8ef7-1af2-0ae1-02d14cbea9ad

Mike.
 
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I just had a look at their site Ian Nichols Ian Nichols and my initial thoughts are.....don't touch with a barge pole.

They apparently work out speed figures and give two recommendations in each race but only back those between 13.5 and 66.0.

They have had winners today, but the ones I saw were under 13.5 so not backed.

Their figures are free Wednesdays so you can take a look. It appears they have had three winning bets since June 15th (ie 16th onwards) but it isn't possible to see from how many bets.

It looks like it will be a very low strike rate system with fluky big BSP returns possibly putting you into profit.
 
Thank you for coming back to me with your thoughts and I will take your view on board.
I do think it is the way forward BUT I just do not know how it is work out I see blue brothers let you have the speed ratings for 2 year old and 3 year old as well,
 
Ian Nichols Ian Nichols

Are you wanting to compile your own speed figures?

I must admit I had never heard of speedratings.com but I echo dlinbgrove dlinbgrove thoughts about the site.

If you don't want the work involved in compiling your own figures, probably need to set a couple of hours a day aside to compile them, then I can recommend TheBluesBrother TheBluesBrother figures. They are very good and Mike knows what he is talking about. I have learned a lot from him.

If you want to compile your own figures then Mordin On Time and Seconds Into Winners by Peter Stavers are must reads before you even pick a pen up.

If you want something different though I cannot vouch for the ratings then racingsense may appeal. You get a full database of results for free and for ten pounds a month they send you the daily updates. I believe it is based on the Solidus but someone with more knowledge than me will correct me if I'm wrong.
 
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