It can be a bit of fun just like blackjack etc etc, but you should be aware that you will lose in the long run just like in a casino.
Blackjack, roulette and now Virtual Racing are all calsified as unwinnable games, you will lose in the long run due to house edge.
In Virtual Horse Racing the house edge comes in because the bookies know the real chance of a horse winning, in the computer model if the horse would win one in 4 times (3/1) they can offer 4/1, and they will never be shocked as they KNOW each horses exact chance rather than guessing it with real horses.
This opportunity to bet through does go with an edge to the house. Many betting shop punters have described these races as 'animal roulette' since the bookmaker knows exactly the chance of each dog winning. Most races have an overround (bookmakers margin) of 2% a runner, sometimes less in races with lots of runners. When these races can be as little as 3 minutes apart this results in very unfavourable conditions for the gambler
Animal roulette is the best description of it, for a serious punter best avioded, for fun maybe ok (but I'd rather have a fun bet of something better).
I doubt that you can even really run a computer programme to predict the winner, even if you had access to the companies software, as they use a random number generator to allocate the winner, but the numbers assigned to each horse would corrospond to its odds and chance (with a guarenteed overround).
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