Increase Your Winning Probability with a Horse Racing Software 

With the advent of horse racing software, there has been an overflow of horse racing tools out in the market. But most of them do not actually work as they promise, but only aiming to exploit the people, which in turn have led many bettors to doubt the reliability of such technology.

However, the creation of PlaceCompare V1.0 as a software made specifically to cater to the needs of every horse racing enthusiasts has changed many people’s opinion. This particular software is a sophisticated system that utilizes basic and strategic pre-betting techniques that will help to make sure you take bets that would bring the highest profit. It is an extension of Firefox web browser and makes use of tabbed browsing, which will allow you to monitor changes in different horse race betting sites at the same time, or even your own favorite betting site.

The simultaneous monitoring of activity in multiple horse racing place and win markets takes place in the Command Center. It uses probabilistic techniques to recognize horses that are under bet, free bets or no-lose bets, and especially those identified as value bets. Still on the Command Center, the first table on the left hand side is the Win market. It contains basic horse racing information such as the name of the horse, its odds of winning, and its probability of placing.

The calculation of every possible bet placed on this software is based on the Harville formula. This formula calculates a horse’s probability of placing from its probability of winning.

This software also contains place market table containing a column that monitors the price on offer in the market for a particular horse placing or not placing. A column has also been created to show a horse’s probability of winning as calculated from its price. A column next to this is the value figure, which reflects the amount you would win on average starting with the bet amount of 1 euro. This is still calculated through the Harville formula.

The figures on the value figure column should help you decide on which types of bet to take and on which horse should you bet. If the value figure on a particular bet is greater than 1.0 then it should have long term profitability. Meanwhile, it would prove otherwise if the value figure falls short of 1.0. The final column contains the Kelly criterion, which reflects the percentage of your betting bank that you are allowed to bet, which in return promises the highest payout for your stake.

All these essential features available to the software have just made horse race betting a little less complicated and more profitable. An efficient horse racing software shouldn’t be promising you quick cash, but rather, it should provide a reliable system that would help boost your winning percentage.