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- The world of horse racing, with its unpredictability and numerous factors influencing outcomes, is a challenging arena for predictions.
- However, the use of artificial intelligence (AI) can potentially improve the odds of picking winners in this $500 billion market.
- A new AI tool, HorseGPT, has been developed to analyze data and make predictions for horse races, including the prestigious Kentucky Derby.
Discover how artificial intelligence is revolutionizing predictions in the horse racing industry, offering insights and strategies for the Kentucky Derby and beyond.
Introducing HorseGPT: An AI Tool for Horse Racing Predictions
There are various ways to utilize artificial intelligence in horse racing. One could process vast amounts of data based on a specific methodology, trust a third-party pre-trained model, or build a bespoke solution from scratch. The creators of HorseGPT chose to build a Generative Pretrained Transformer (GPT) to analyze data and make predictions. This AI agent, built atop a large language model like ChatGPT from market leader OpenAI, works with a set of pre-defined prompts and training data to guide its behavior.
Training the AI Model
The creators of HorseGPT started from scratch, with no prior knowledge of horse racing. They carefully curated prompts to instill the AI with expertise in data science specific to horse racing, including how weather affects times, the role of jockeys and riding styles, the importance of post positions, and more. They then fed it a mix of research papers and blogs covering the theoretical aspects of wagering, and layered on practical knowledge: how to read racing forms, what the statistics mean, which factors are most predictive, expert betting strategies, and more. Finally, they gave HorseGPT a wealth of historical Kentucky Derby data, arming it with the raw information needed to put its freshly imparted skills to use.
HorseGPT’s Predictions for the Kentucky Derby
When unleashed on official racing forms for the Kentucky Derby, HorseGPT analyzed each race̵... Read the full article for FREE at COINOTAG!
