Given that AI is more capable than the average human at reading large data sets it is no surprise that we are more than willing to welcome it onto the scene.

Surveys say as many as seven out of ten people who bet regularly would be supposedly happy to pay for AI assistance when hedging their bets. So, let’s examine the benefits to find out why.

The integration of AI in horse racing brings many benefits, it uses historical data sets in multiple fields to produce accurate predictive models.

It can do everything from potential injury prevention to convincing race simulation and its capabilities will only improve and expand as the tech develops.

Below, are 6 key ways in which AI already plays a role in horse racing.

Data Analysis Capabilities

There are many things that factor into the outcomes of a horse race. It isn’t just about having a well-bred horse from good stock. Everything from the weather and track conditions to the jockey’s skills needs weighing up to make a good prediction.

AI can examine multiple data sets, processing everything in real-time, recognizing patterns from historical data and any deviations to provide invaluable insight on the fly.

This means that stakeholders can make quick decisions and adjust strategies based on the AI analysis.

Optimization Through Predictive Models

With this level of detailed historical data, AI can build neural networks out of pattern recognition that enables it to forecast results. The statistical learning style provides tangible game theory.

The neural networks generate probabilities of a variety of outcomes according to the conditions. The more data it has, the more accurate the predictions of the models become.

In turn, this makes winning strategies easier to identify on the day regardless of the environment, animal, or rider.

Evaluating Performance In Detail

As it is able to process the patterns and provide a clear overview AI can evaluate performance in detail, identifying strengths and weaknesses.

This information makes the sport far more competitive, and because it is continually monitored, it acts as a thorough performance assessment.

The evaluation gives insight into where things can be improved and prevents resource waste, allowing you to see the potential outcomes of different horse and jockey combinations.

Health Predictions For Injury Prevention

The performance evaluations and data set analysis are so detailed that they can potentially predict health risks and prevent possible injuries.

With vital signs constantly monitored alongside the horse’s mapped movement during past and present events (in real-time), racehorse careers can be extended.

This early detection of health issues is already making a huge impact and will undoubtedly revolutionize horse racing as we know it.

Virtual Race Horses

AI models and machine learning data are even being used to provide very realistic virtual racing on platforms such as Zed Run.

These platforms are hugely popular, with hundreds of thousands of users, and very profitable, with a virtual Z1 Genesis racehorse on Zed Run valued in excess of $36,000.

Virtual races are also being used to break up monotony in real events.

Personalized Ticketing and Bankroll Management

AI also plays a role in traditional ticket structuring and innovating traditional bankroll management because it analyzes the data of regular gamblers.

Creating A Level Playing-Field

In all aspects of gambling, it is generally the high-rollers that have the most influence in the betting pool.

Previously Computer Aided Winning (CAW) wasn’t accessible to the majority but as AI tools are readily available they will make things a little more balanced.

With the insight they provide, we will likely see fewer people making uninformed gambling decisions and recklessly betting.

AI Betting Safety

While AI offers the benefits we have highlighted above, it is important to remember that with cyber tools come cyber risks.

There are already many AI programs appearing to help with your horse racing, but not all of them are as secure as they might seem on the surface.

Wherever you are sharing data such as our bank details there are potentially third parties looking to intercept them. So here are some top tips for vetting them to prevent data breaches and financial loss.

Tips for Safe AI Betting

Conclusion

AI has already significantly impacted the world of horse racing and gambling in general and it is likely to continue to shape the future of the sport.

With unmatched analysis capabilities and predictive models that refine as more data is harnessed, it brings innovation to the table like never before.

With safe practices in place, AI integration will revolutionize horse racing and level the playing field for everyone.