Our customers bet off of TimeformUS Speed Figures, and we do not want them unknowingly placing faith in the occasional number that we are not yet confident in. From time to time, our figures are under review because the evidence that is ordinarily available to create them has somehow been compromised. What’s the best way to handle this challenge to help our customers?
The Origin of Question Mark Figures
One of the helpful features that Timeform Ratings (from the mothership in England) offer when assessing horses overseas is a question mark symbol when a horse’s rating is considered suspect. With that as inspiration, we implemented question mark symbols in TimeformUS Past Performances in the spring of 2015. An example of how Question Mark Figures were initially displayed in TimeformUS is below:
Beginning today, Question Mark Figures are being displayed in a new format, with a new level of detail to give TimeformUS Customers an advantage when betting.
Moving to The Left
Question Mark Figures are now shifting to the Race Rating field, to reflect that they apply to the entire race, not just the Speed Figure for one horse. Additionally, instead of the general question mark symbol, you will see a specific one-letter code that indicates the main reason for the question mark designation. Here’s how these races will look for question mark figures assigned for races beginning January 25th or later:
Understanding The Codes
Most of the time a tough race to evaluate with a speed figure is marked as such for more than one reason. The code identifies the main one. Here are the seven possible codes that you will see:
• f – First Timers/Lightly Raced – The race was loaded with horses racing for the first time or with very few starts. If a turf or synthetic track race, there could be little to no form on the surface. This is never reason alone to mark a race as questionable. It is usually combined with other factors. For example, a 2yo maiden special weight race with first time starters only and it is the only dirt sprint on the card.
• o – Only Turf / Sprint / Route – This one is exactly as described…only one race on the card was run under similar conditions. Much like the f code, this is never a sole reason for marking the race. Most times this is used the race was an “only” and comparing the performance of the horses in the race to the projections varied quite a bit from horse to horse.
• p – Pace – There will be some races run with the pace so aberrantly fast or slow that it will cause the horses to all run unreasonably slow final times. Since TimeformUS Speed Figures combine pace and final time figures into one overall number, we’re typically able to capture these nuances, but sometimes the situation is so extreme that we don’t feel we’re able to properly measure it. These races are already flagged via color coding for the fractions/pace figures, but we will go a step further and apply this coding. It is probably a good idea to ignore races coded “p” from a speed figure point of view.
• t – Timer – Unfortunately this is becoming more common in the sport of horse racing. Timer malfunctions are way more prevalent than they should be and races where there was an issue are marked as such. In many cases these races are missing one or more fractional times. We do not attempt to make pace figures for points of call that are missing fractions. Also, there will be no final time figures for races that are not timed at the finish.
• b – Breakout – The race appears unusually fast or unusually slow compared to others on the card, including those that come before and after it. Using the same variant as the other races would cause all the top finishers in a race to have aberrant numbers that don’t seem realistic.
• n – Possible Breakout – The race was strongly considered as a “breakout,” code b above, but in the end was left as is with reservations. This is the preferred choice between the two.
• c – Track Conditions – Track conditions can change drastically during a card, usually due to weather, and the figures for the race are primarily based on only the horses in this one race.
There are now 2 new types of codes:
- i – Insufficient data – There simply isn’t enough data to generate a speed figure with confidence. These races will be almost exclusively races for two-year-olds from days when there were no similar races on the card and the two-year-old race was hard to compare to the other races due to things like timing problems, changes in weather, or rarely run distances. As the horses run again, these races will be re-visited to see if enough data has come in to allow us to go back and make a figure with confidence.
- z – No baseline for pace figures – The race was run on a track configuration that hasn’t been used before or has been used sparingly. The configuration consists of the distance and surface of the race, any temporary rail setting that may be in place, the run up for the race, and the “about” designation used at some locations.
Question Mark Figures: Why We Include This Data in Our Product
To review these suspect figures, we will typically wait for additional evidence to come in, in the form of horses from that race returning to race again. But even that has its limitations. Some figures are questionable when made and remain questionable months later or in perpetuity–because the runbacks do little to clarify the situation. This is rare but it does happen, and we believe it to be true for all Speed Figure makers. When a figure is under review, you deserve to know it.
As a player, you can then incorporate our lack of confidence in the available evidence into your own handicapping and assess additional elements of a horse’s form before placing your bets.
Additionally, if you refer to other speed figures when handicapping, the TimeformUS Question Marks will alert you to difficult conditions that likely affected other figure makers as well. They may not tell you, but we will. And now we’ll tell you why, too.
>How To Use TimeformUS Race Ratings
>Color-Coded Bias Indicators in TimeformUS Race Ratings