Needham to Equibase: Release Historical Data, Allow for Innovation

by | 10.12.2013 | 10:19am

In a recent post on his blog Thorotrends, Dan Needham urges Equibase to release historical past performance information for the sake of promoting the sport.

Although Needham, a longtime horseplayer and data analyst, doesn't dispute the need for the Daily Racing Form, BRIS, etc. to charge for past performances which include their analysis, he does object to Equibase charging for data that is greater than six months old. He predicts that handicappers who are “database” players would benefit from the ability to analyze data of this age, while other types of bettors may become “database players” if they had access to the information.

In addition to the increase in wagering dollars, he also predicts the industry would attract mathematicians and entrepreneurs looking for a mathematical model to help predict the outcome of racing–the publicity from which would only generate more horseplayers.

“Equibase promises to 'leverage information to serve the fan base and help promote the sport,'” Needham writes. “Release the data. It just might be one of the very best ways to keep those promises.”

Read more at Thorotrends

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