twmills
Colt
Hi I am looking for some help probably simple but I just can not get it, I have been reading Betting for a living, especially concentrating on the chapter who is the fastest, I can work out how he produces the winners rating what I can not work out is the beaten horses, her is what the book says.

Can anyone tell me the calculation to get this. Thanks.
Can anyone tell me the calculation to get this. Thanks.