If you compare each horse with the most probable winner (horse 6), you get the following chances that they can win the race (or that the horse 6 looses to each one of the other horses):
Horse 1: P[N((59.50-57.00);sqrt(0.5^2+0.5^2)) < 0 = 0.000230
Horse 2: P[N((59.50-57.20);sqrt(0.5^2+0.5^2)) < 0 = 0.000572
Horse 3: P[N((59.50-57.35);sqrt(0.5^2+0.5^2)) < 0 = 0.001181
Horse 4: P[N((59.50-57.80);sqrt(0.5^2+0.5^2)) < 0 = 0.008105
Horse 5: P[N((59.50-58.10);sqrt(0.5^2+0.5^2)) < 0 = 0.023857
Reply With Quote