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33-476: The Manual was first published in 1906, although earlier predecessors had appeared in the 1890s under the title of The American Sporting Manual . The work was continuously published until 1994, when its format was changed to an abbreviated form. It appeared in that format in 1995 and 1996, and was issued as a CD-ROM version in 1997 and 1998. No 1999 edition appeared, but in 2000 the Daily Racing Form issued

66-399: A 2000 edition in the old format. The Manual was considered the "World Almanac" of racing during its earlier publication history. Tom Ainslie, a noted American handicapper , calls the work a "magnificent encyclopedic" work. Although the main publication from 1906 covered only Thoroughbreds, the previous incarnations also included harness racing and other sporting events. The 2021 edition

99-469: A bet (the "juice" or "vig" taken by the house). For example, Book 1 has Team A as a 3-point favorite, and Book 2 has team B as a 3-point favorite. If a player bets Team B at Book 1, and Team A at Book 2, he will win both bets if either side wins by 2 or fewer points, and will win one bet and lose the other (known as a "side") if either team wins by 3 points. Another strategy, known as arbitrage, or an "arb" or "scalp", involves finding different moneylines for

132-488: A championship using this system is the International GT Open . The advantage of this system over ballast weight systems is that vehicles have the normal performance on track, so better drivers will be able to recover time and overtake slower drivers. Contrarily, horse race handicapping is implemented using extra weight. A handicap race in horse racing is a race in which horses carry different weights, allocated by

165-577: A field of grand touring-style cars broken into different classes based on power and weight. For 2006, two classes were used, known as GTA and GTB. GTA was equivalent to the GT2 class used in the FIA GT Championship , but it also allowed non-homologated cars provide they obey the FIA GT2 technical regulations. Most of the field was made up of Ferrari F430 GTs and Porsche 911 GT3 -RSRs. Non-homologated cars like

198-463: A formula using advanced statistical techniques that has shown consistency correctly predicting NFL winners. Handicapping, as a profession, is very similar to being a stock analyst . Like Wall Street did in the 1970s, the sports handicapping industry is undergoing a quantitative revolution. Many successful handicappers also use money management systems similar to financial investment professionals. The most popular, and mathematically superior, system

231-497: A handicap race is where greyhounds (based on their ability) start from different starting traps set at different measurements from the finish line, and in human foot racing, for example, the Stawell Gift . Some motorsport events, especially in sports car racing , demand teams to stop the vehicle in the pitbox a fixed period of time depending on the drivers' classification, thus giving advantage to less skilled drivers. An example of

264-816: A part of the World Touring Car Championship support package. Now the first race of a weekend is 70 minutes long and the second is 60 minutes. The current support series are the Euroformula Open Championship (formerly Spanish F3 Open) and the GT Cup Open Europe with some race weekends also featuring TCR Europe and the Alpine Elf Europa Cup . Past support series have included the SEAT León Supercopa (2014-2016), and Formula V8 3.5 Series (2016). Each race consists of

297-517: A player to start a certain number of games ahead or behind in the match. The calculated match average is a handicap calculated for every motorcycle speedway rider. Handicapping in competitive cycling is most commonly used in track cycling and road racing in Australia and New Zealand. Handicap events are rare outside these two countries. In track cycling, distance-based handicaps are typically used. The highest-profile example of this racing format

330-424: A player's horsemanship, team play, knowledge of the game, strategy and horses. The difference between the total of the polo handicaps for the players on each team is then used to determine the minimum score difference for the better team to score to enable them to win. In polo, every player is awarded an individual handicap depending on performance. Handicap commissions of the national associations meet several times

363-455: A points advantage or deficit to make up in the match. Basketball handicapping is often seen in matches that are predicted to be one-sided. Handicapping in the sport of golf enables players and teams of varying abilities to compete against one another. A golf handicap is a numerical measure of a golfer's potential or "average best". Better players are those with the lowest handicaps. Types of chess handicaps include: Handicapping in go includes

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396-451: A variety of standards of equipment. Often races, contests or tournaments where this practice is competitively employed are known as Handicaps . Handicapping also refers to the various methods by which spectators can predict and quantify the results of a sporting match. The term is applied to the practice of predicting the result of a competition, such as for purposes of betting against the point spread . A favored team that wins by less than

429-497: A year to decide players’ handicaps. Argentina: 0 to 10 USA: C (-2), B (-1), B+ (-0.5), A (0), A+ (0.5), 1.0, 1.5, 2 to 10 England: -2 to 10 Handicaps for sailing vessels in sailing races have varied throughout history, and they also vary by country, and by sailing organisation. Sailing handicap standards exist internationally, nationally, and within individual sailing clubs. Sailing race handicaps may be based on vessel capability and-or crew experience, and today typically adjust

462-468: Is now produced by The Jockey Club with information provided, in part, by Daily Racing Form. The publication is available, in PDF form, for free at The Jockey Club website. Handicapping Handicapping , in sport and games , is the practice of assigning advantage through scoring compensation or other advantage given to different contestants to equalize the chances of winning. The word also applies to

495-465: Is the Kelly criterion . It is a formula for maximizing profits and minimizing losses based on payout odds and win probability of the underlying asset . The Kelly criterion is often used to determine units in sports betting which some handicappers assign to weight each prediction. International GT Open The International GT Open is a grand tourer -style sports car racing series founded in 2006 by

528-527: Is the Melbourne Cup on Wheels . In road cycling, pursuit-style handicaps are most common, and are mostly restricted to grassroots amateur events. In the past, higher-profile national events such as the Melbourne to Warrnambool Classic were run as handicaps, but with larger entry numbers and a preference for scratch racing among elite-level national competitors, these are no longer run as handicaps. Because of

561-727: The Mosler MT900 R and the SEAT Cupra GT were also competitive. The GTB class consisted of cars usually from a manufacturer's one-make cup series, like the Ferrari F430 Challenge, the Porsche 911 GT3 Cup, and the Marcos Mantis . A GTS class was created to house the FIA GT3 class, consisting mainly of Dodge Viper Competition Coupes and Lamborghini Gallardo GT3s. Starting in 2015,

594-546: The Spanish GT Sport Organización. It was a spin-off of the now-defunct Spanish GT Championship , but is now a distinct series featuring FIA GT3-spec cars modified from production road cars. The series consists of events in various European countries which feature two races over a weekend. In its first year, the races had an identical format to the Spanish GT Championship, with two 200 km races,

627-571: The first held on Saturday and the second on the Sunday. Three of the six rounds were joint events for the Open and the Spanish GT Championship. In 2007, the first race, known as Pro-Am , covers approximately 200 km distance, while the second race is 150 km and known as GT Open . The only exception is the Open GT Barcelona, which is a single 300 km race. In early seasons, a few races have been

660-514: The game. The first very well known sports handicapper in American culture was Jimmy "The Greek" Snyder . During his career he worked for CBS on their Sunday morning show, The NFL Today . Because sports betting had a social taboo at the time, Snyder was not allowed to mention betting on games specifically. Instead, he would predict the score. Over the years the attitude towards sports betting, and handicapping in general, has changed. Billy Walters

693-607: The handicapper. A better horse will carry a heavier weight, to give him or her a disadvantage when racing against slower horses. The handicapper's goal in assigning handicap weights is to enable all the horses to finish together (in a dead heat). The skill in betting on a handicap horse race is in determining which horse can overcome its handicap. In addition to the Daily Racing Form , other data sources include Brisnet, Equibase, The Ragozin Sheets, and Thoro-Graph. In rugby, one of

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726-435: The importance of drafting in cycling events, riders are usually grouped into a limited number of "bunches" based on previous results, with the bunches containing the weakest riders leaving first. Prizes are typically awarded to the first finishers, first female finisher (in mixed events), and fastest time recorded (who may not have crossed the line first due to the handicapping). There are strategies that involve differences in

759-416: The lines on the same event at different books. One bet is called a "middle", which when a player finds two books that offer different point spreads for the same event. They will bet the more favorable spread at both books, and if the final score falls between the two, the bettor will win both bets. On the other hand, if the total falls outside the range of the "middle" the bettor only loses a small percentage of

792-536: The main race, it is known as the handicap. In the race itself, the participants do not all start at the same "Go"; the starts are staggered, based on the handicaps. The slowest swimmer, or cyclist, for example, starts first and the fastest starts last, making the end of the race (hopefully) close. An ideal handicap race is one in which all participants finish at the same time. The winner is the person who beats his or her own time. Similarly, physically staggered starting positions can be used, for example, in greyhound racing

825-800: The one of the premier NBA handicappers in the world. He claims to have developed a system that uses advanced statistical analysis to predict the outcomes of games. In the past, very few people did any mathematical calculations when handicapping sporting events. Predictions were usually made from hunches or information not readily available to the public. However, with the advancement of technology computers powerful enough to run advanced simulation models now frequent homes and offices. Advanced statistics such as DVOA, Win Shares and Points per Possession are talked about in mainstream media. Brian Burke, author of The Fifth Down blog featured in The New York Times , wrote

858-408: The outcome may be adjusted by some factor determined by the handicap. Some forms of car or yacht racing. In this case, the winner, on elapsed time, may differ from the fastest competitor when the times have been adjusted for the different competitors' handicaps. In a 'pursuit' style handicap race, all participants are clocked in a time trial before the race. When this takes place at the same event as

891-426: The point spread still wins the game, but bets on that team loss. In either case the handicapper is the person who sets the handicaps for the activity. The term handicap derives from hand-in-cap , referring to a system wherein players placed bets or money into the cap of a neutral arbiter to reach an agreement as to the relative values of items sought to be traded. In a 'result adjustment' style handicap event,

924-410: The same event. In this case, the bettor will bet the more favorable line at both books, and have a guaranteed profit. For example, if Book 1 considers Team A to be worth +200 (2-to-1 underdog), and Book 2 considers Team B to be worth +200, a bettor can bet Team A at Book 1, and Team B at Book 2, and guarantee a 100% profit. This is a no-risk bet, as the player is guaranteed a profit no matter the result of

957-399: The teams will start with a points advantage, and one will start with a deficit to make up in the match. If a team starts with the advantage, as long as they finish above the points different covered in the handicap, then your selection will win. The points handicap will be greater due to higher point scoring nature of rugby. With a basketball handicap, you will be backing a team to start with

990-419: The time a vessel takes to reach the finish point of the race. The ATP, WTA, Challenger, and ITF events have plenty of matches which can be one-sided, which results in short odds being offered with various betting sites. Therefore, there is not ever much value in backing a specific player to win, which is why handicap betting is often popular. Handicap betting in tennis often means that you are wagering funds on

1023-635: The various methods by which the advantage is calculated. In principle, a more experienced participant is disadvantaged, or a less experienced or capable participant is advantaged, in order to make it possible for the less experienced participant to win whilst maintaining fairness. Handicapping is used in scoring many games and competitive sports, including go , shogi , chess , croquet , golf , bowling , polo , basketball , and track and field events. Handicap races are common in clubs which encourage all levels of participants, such as swimming or in cycling clubs and sailing clubs, or which allow participants with

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1056-415: The weaker player being given an advantage by placing a number of stones before the stronger player commences, and by final points adjustment. Handicapping in shogi is achieved by removing one or more pieces from the stronger player's side. Shogi (Japanese chess) and many of its variants have handicaps . The polo handicap is an estimation of the player's worth to his or her team. It is an overall rating of

1089-484: Was profiled by 60 Minutes because of his handicapping abilities. Billy Walters, and other unknown members of the Computer Group, developed a system for handicapping games and beating Las Vegas sportsbooks. The Huffington Post covered Jon Price a reclusive sports bettor that hires Ph.D's and works off of algorithmic information for his predictions. ESPN wrote an article on Haralabos Voulgaris naming him as

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