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Mathematical Model of Filtered Racing Picks + Results

This project received 9 bids from talented freelancers with an average bid price of $1292 AUD.

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Employer working
Project Budget
$750 - $1500 AUD
Total Bids
9
Project Description

We require statistical analysis to develop a mathematical model which will enable parties to make a consistent profit from horse racing results.

We will provide filtered horse picks, both historic and ongoing (to test the model once in play). We will be providing 4 or 5 horse tips per race at revised indicative prices and ratings, as shown in document_1. Whether the ratings form part of the best model are at the discretion of the contractor.

Contractor is then to examine results of races using any sports betting site and determine if a correlation exists between proposed odds, ratings and actual race results. Actual results must have a positive rate of interest above 20%. Where rate of interest is defined as profit/expenditure. I.e. if we bet $500, we expect on average a $100 profit each day.

Pending model design, we will provide ongoing sets of horse picks for which you, the contractor, can follow and prove your model.

Payment from us will be due upon proof of model's success.

We will not reserve rights to the model, merely the best of picks we determine for it. You, the contractor, can continue making a personal profit whilst we do.

Further work exists for the successful contactor with more information provided at a later stage.

The ability to take the data provided and based on race results to turn it into a successful model presents a huge opportunity for the contractor. Please find attached in Document_2 a sample model (one that is overly simple).

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