How to Profit from Pattern Races

How to Profit from Pattern Races  When it comes to studying horse racing form, it is widely accepted that the higher the class of the race under consideration the more reliable the form is likely to prove. It therefore stands to reason that Group One, Group Two, Group Three and Listed races, collectively known as ‘Pattern’ races, which are contested by horses of the highest class, are the most reliable for betting purposes.

 

Of course, Pattern races are non-handicap races which, by definition, are less competitive than handicap races, in which each horse, at least in theory, has an equal chance of winning. Less competition may sound desirable when it comes to predicting the most likely winner of any given race, but also reflects on the odds on offer from the bookmakers. A succession of winners, especially short-priced winners, doesn’t necessarily translate into a profit, so it’s necessary to try a little harder to find value in Pattern races.

 

However, each Group or Listed race is awarded its status based on what is known as an ‘Average Race Rating’. Each Pattern race is awarded a ‘Yearly Race Rating’, calculated by taking the average of the official ratings of the first four horses each year, as allocated by the World Ranking Supervisory Committee (WRSC). The Average Race Rating is calculated by taking the average Yearly Race Rating over a three-year period. Subject to certain caveats, a Group One race must achieve an Average Race Rating of 115, a Group 2 race must achieve an Average Race Rating of 110, and so on. If a Pattern race regularly falls below the required standard, it may be subject to review and downgrade. The reason for mentioning all of this is to emphasise the fact that only horses of a certain high standard win Pattern races.

 

Now, the ‘standard time’ for each course and distance, as published in the Racing Post, is the average of the 10 fastest times recorded over the last five seasons by a mature horse officially rated 100 and carrying 9st 0lb on good going. So, by comparing the time recorded by the winner of a Pattern race and any horse that finished, say, less than a length behind the winner, with the standard time, it’s possible to identify races in which the form is worth following. The fact that the winner recorded a time faster than the standard time suggests the race in question was run at an end-to-end gallop and the form is reliable.

 

Of course, the winning time may not only be faster than the standard time, but also the fastest time of the day, in relation to the standard time. If this is the case, the form of the race in question may, indeed, be outstanding and provide extra cause for confidence.

 

By applying the principles discussed so far, it’s possible to create a highly selective, but nonetheless highly profitable ‘system’, which applies specifically to Pattern races.

 

For any Group One, Group Two, Group Three or Listed race run on mainland Britain, examine the winning time in comparison with the standard time.

 

If the winning time is faster than the standard time, subtract the winning time from the standard time to give the number of seconds the winning time is ‘fast by’.

 

For all the other races at the meeting in question, subtract the winning time from the standard time to give the number of seconds the winning time is ‘fast by’ or ‘slow by’.

 

If the winning time for the Pattern race in question is ‘fast by’ the highest number of seconds, make a note of the winner and any horses that finished within a length of the winner.

 

Back each of the horses on your list on its next three outings, or until it wins, whichever is the shortest.

How to Profit from Speed Ratings

How to Profit from Speed Ratings  Speed ratings, such as those produced by Timeform, or under the Topspeed banner in the Racing Post, are a popular method of assessing horse racing form.

 

What are Speed Ratings?

 

Speed ratings are numerical figures, based on the winning time of each race, corrected for class, distance and going, which indicate the ability of a horse. A sequence of speed ratings can also indicate if a horse is progressive or regressive and its level of fitness throughout the sequence.

 

How are Speed Ratings Calculated?

 

Calculating your own speed ratings is a complex, time-consuming activity so, before you start, you may want to ask yourself if you want to devote time and effort to what is, essentially, ‘reinventing the wheel’. Obviously, every time a horse runs it will generate a different speed rating, so there are also the questions of how to keep your ratings and, more importantly, how often you’re prepared to update them

 

However, if you’re still interested in producing your own speed ratings, you’ll find that Paul Whelan’s article, ‘How to Calculate Speed Ratings’, is an excellent starting point.

 

How to use Speed Ratings

 

The most obvious way of using speed ratings is to take the speed rating for each horse in a race, adjust it for the weight carried, by adding or subtracting the appropriate number of pounds below or above, say, 9st 0lbs (on the Flat) or 12st 0lbs (over Jumps) and use it to represent the chance of each horse.

 

Regardless of the official class of any race, as defined by the British Horseracing Authority (BHA), if the winner records a particularly high speed rating, it is usually a sign that the form is strong and the race may throw up several future winners. If you’re in possession of this information, you don’t need to rely on collateral form lines to judge the quality of the race in question and, as a result, hold an advantage over the bookmakers.

 

Furthermore, if a horse records an exceptionally high speed rating in what appears, otherwise, to be ‘ordinary’ company, it may be possible to obtain generous ante-post odds on that horse for future engagements, such as the following season’s Classics, Royal Ascot or the Cheltenham Festival.

 

Where to Find Speed Ratings

 

If you don’t have the time or inclination to produce your own speed ratings, but would still like to benefit from the insight they provide, we suggest you investigate the Racing Dossier or Patternform sites.