Total Performance Data’s partnerships with Equibase and 1/ST CONTENT are creating new ways to bet on horse racing for leading operators like bet365 and Entain

Total Performance Data (TPD) is powering live, in-running betting on North American horse racing, leveraging GPS data captured by Gmax – the world’s most widely used horse racing GPS tracking system.

TPD’s partnership with Equibase has already led to more than 30 installations of the system across North America. The technology captures live position, speed and biometric horse data at ultra-low latency, updating 10 times per second during a race.

TPD then uses proprietary machine learning models to generate live betting odds throughout each race, creating a new betting experience for customers and new revenue opportunities for the sport.

TPD partners with 1/ST CONTENT, the leading distributor of North American horse racing data, to license this in-running odds product to international operators. Operators using the product have reported increases in betting handle of between 5% and 10%.

TPD and 1/ST CONTENT enjoy direct integrations with leading global bookmakers, enabling the distribution of live odds within fractions of a second. Customers already include bet365, Ladbrokes, Coral, BetVictor, BoyleSports and William Hill.

As well as supplying in-running odds for US and Canadian racing, TPD also powers live odds for racing in the UK, South Africa, Chile, Australia and Germany, with additional territories set to follow.

Operators and their customers can now draw from the following benefits:

• In-running betting from 1/ST CONTENT racecourses, mapping 80% of North American handle
• 2,500 race days per year and rising
• Improved in-running engagement, featuring:

o   Accommodating after-the-off “late money”

o   Live tradeable prices until the final furlong

o   Cashout-integrated functionality in-play (fair-margin, lowest latency)

o   Price-smoothing and visual-tracking graphics to enhance the user experience

This breakthrough product was fashioned to disrupt the sportsbook space by delivering reliable live pricing on a popular sport which had previously struggled to keep pace with a broader sports betting marketplace, where over 80% of turnover is generated in-play. Now, however, TPD and 1/ST CONTENT have successfully launched a dependable in-play offering with Tier-1 partners which crystalizes accurate odds for the most solid in-play, fixed-odds pricing around.

The feed fuses the starting price with the best of automated trading via TPD’s advanced in-running analytics, including stride length, stride frequency and sectional timings, enabled by the saddle-cloth GPS tracking. These variables are accordingly harvested in-play by TPD’s machine-learning trading tools whose algorithms train themselves on race pace for precise pricing that delivers a distinct step-change in live fixed-odds betting, powering subsequent upticks in turnover.

John McBroom, Commercial Director at TPD, said: “We’re delighted to be harnessing the power of live GPS tracking data to create new opportunities to bet on North American racing. Our collaboration with Equibase, 1/ST CONTENT and our operator partners is delivering a truly innovative product and creating a new, much-needed growth engine for the sport.”

Simon Fraser, SVP International at 1/ST CONTENT, said: “1/ST CONTENT’s unparalleled racetrack coverage in North America – coupled to our strong heritage in managing content rights, data and odds – means that we were logical partners in a shared vision. Working with TPD’s team of analytical experts has been a responsive collaboration, allowing us to finally deliver a key new revenue-driver for North American racing.”

“Deeper audience engagement is our combined goal. And it’s exciting to see this in-play solution add a welcome new dimension to anyone following racing stateside.”

Kyle McDoniel, President and COO, Equibase, said: “TPD and 1/ST CONTENT are terrific partners. Through our collaborative efforts with Gmax, Equibase now collects GPS data at racetracks representing nearly 80% of North American handle. Thoroughbred racing is a data-driven sport, and the incorporation of this positioning data to power in-running wagering opportunities is another step toward capturing the broader sports betting fan who enjoys action throughout an event, and one of the first of many innovations to come from this rapidly expanding dataset.”

Ben Hutton, Head of International Racing at Entain, said: “This is a timely, automated-product innovation which gives our brands and customers the live service that they’ve been demanding for a long time. All the requisite variables are incorporated and accounted for, ensuring total peace of mind and speed of integration for anyone looking to add this breakthrough feed. At Entain, we’re always looking to provide additional data and exciting markets with which to better engage fans in a sport we love.”