Before we begin exploring the topic of power ratings, I would like first to discuss just a basic rating and what it is. Ratings do seem to be a slightly misunderstood figure by quite a lot of people.
They are very often taken as the Holy Grail, and a clear top rated horse must have a bet placed on it. This is done, only to find that although they are winning between 20% and 30% of bets, money is actually still being lost. For the record, I would like to say that I have never heard of any single rating, no matter how complex or good, that produces a positive return on investment by flat betting the top rated.
Ratings can be given to almost anything you can imagine in horse racing, with the most common being speed and form.
A rating is in fact simply guidance as to how well each horse is likely to perform, based on whatever details about the horse’s history that has been included in the rating. For example, a speed rating shows how fast a horse is likely to run in a certain race assuming, and this is important, that the race is run to form.
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