Accountant Al Capone invented a horse racing betting strategy. The system doesn't guarantee a profit in the long run, but it can be improved.

Accountant Al Capone invented a horse racing betting strategy. The system doesn't guarantee a profit in the long run, but it can be improved.
Betting on horse racing is a traditional form of gambling entertainment. One of the famous strategies was devised by the accountant Al Capone Datcha Schulze. In this article, we will discuss this famous system and show how to improve it.

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Types of horse racing bets
To use horse racing betting strategies, let's understand the types of wagers offered by bookmakers.

1. Win Bet: You will win if you correctly select one horse that finishes first.

2. Place Bet: In order to win, your chosen horse must finish in the top three. The odds are lower than in the win bet.

3. Forecast Bet: You need to name two or three horses that will finish in the top positions. There are straight and combination forecasts. In the straight forecast, you need to specify the finishing order of the leaders, while in the combination forecast, you simply name them.

4. Match Bet: The bookmaker offers pairs, and you choose which horse will achieve the better result.

5. Starting Price (SP): This is a bet on the winner. The current odds are not visible, and the odds at the start of the race are considered.

Symbols used in sports betting:

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Datcha Schulze System
This horse racing betting strategy is named after the legendary accountant Al Capone Datcha Schulze. Another name for it is the "equal profit" strategy.

When placing bets on multiple favorites, you will make a profit if one of the chosen horses wins. The number of bets depends on the smallest odds. If it is greater than 4.00, then bet on four contenders, and so on.

However, bookmakers take this probability into account when setting odds. Therefore, the system is not profitable in the long run. We recommend improving it.

You can increase the profit by excluding the first favorite if its odds are higher than 3.00. Let's provide an example of using this strategy.

1. Racing Post 
2. Daily Racing Form 
3. BloodHorse 
4. The Guardian - Horse Racing 
5. Sporting Life 
6. Thoroughbred Daily News 
7. Horse Racing Nation 

On April 22, 2020, at 11:00 AM Moscow time, the seventh race took place at the Byron Bay Plate arena in Ascot, Australia (Brisbane). The favorite horse, Point Taken, had odds of 3.50.

According to the "equal profit" strategy, you can bet on three favorites. But we exclude Point Taken, and the next participants have the following odds:

Next Stop The Moon: 5.55.
Unibro: 6.00.
Ngawi: 8.00.
Stella Anne: 11.00.
Rock'n'ruler: 11.00.
Calculate the probability sum using the formula:

P = 1 / K1 + 1 / K2 + … + 1 / Kn, where K1, K2, ..., Kn are the odds of winning.

Calculate the probability:

1 / 5.55 + 1 / 6.00 + 1 / 8.00 + 1 / 11.00 + 1 / 11.00 = 0.65364.

Determine the bet size for each horse using the formula:

S = B / P / K, where S is the bet amount on one horse, K is the odds of its victory, P is the sum of probabilities, B is the allocated bankroll.

Allocate

.