Thanks for your information. For Race 1, there are 5 horses rated 5. But only 1 horse
comes first eventually. I am sorry to say that the system is not effective and needs
improvement. I think the best way to quantify the time difference of a target horse is to compare two races of a horse's best peformance in the same distance(same racing
season) based on the actual draws first (covering the current race). As the old race's information is known and then we can calculate the possible time difference when the draw differs this time from the compared race, in this way, we will have a better effect.
With the current performance estimated after adjusting the time differnce on the account of the draw differnce, we then compare it with his opponents in the current race after the calculations as discussed aforesaid. Then we have an idea/rating and know if the target horse is worthwhile to bet or not. Any comment?