Unless you're still using the tried and trusted 'stick-a-pin-in-the-racecard' strategy, most likely you rely upon past information (form) to help you decide your bets.
I've found this in depth article at the Betfair site by TimeForm's Head of R&D Simon Rowlands which looks at Bayes Theorem.
It's a complex and involved article which probes betting theory, and the significance of recent form versus older form.
If Turing were around in this day and age, he might just point out that he or she who best understands and applies the principles of Bayesian inference- whether knowingly or otherwise- is well placed to rule the betting world.
What's the most complicated handicapping strategy you've come across? Did it help you win more?
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