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Originally Posted by whodoyoulike
Isn't this similar to creating a M/L which means you'd need to consider the takeout % if you're creating the odds?
How accurate are your ratings because they are very similar which I would think the probabilities would then be close to each other?
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I have not considered takeout, yet, but I would suspect that the relationships between ratings would not change much, if any. The final ratings would still be too close to one another, for too many horses.
Perhaps the individual factor ratings are too "normalized", and that is causing the final ratings' probabilities to be too tight. I normalized all of the individual factor ratings to the same point range, 0 to 100. That might be the underlying problem. My thinking was that all of the factors should be relational, regarding scale, so that the weightings would not be skewed, higher or lower, simply due to the existence of different factor ranges. I've not much experience with weighted factors, so I'm learning as I go.
