Wednesday, August 31, 2016

Racing Industry still out in left field with regards to data. In other news: the earth is round.



In an article over at the Paulick Report today, Jason Wilson, the President and COO of Equibase, answered a series of questions regarding the racing data and distribution company -  its history and where it’s heading in the future. One of the questions posed to Mr. Wilson involved the high price of data within the horse racing industry and the comparison to the very large amount of free data generated by the major sports in America. Mr. Wilson’s response, while noble in effort, completely missed the mark and, in several instances, was an inaccurate portrait of the current data landscape in American sports. It’s a very good and interesting interview and, if you haven’t read it, I urge you to click on over to the Paulick Report and take it in.

To be clear up front, I find the quantity, format and price of historical horse racing data to be not only completely out of line, but also a great hindrance to growing the sport itself. Additionally, the mere fact that the sport of horse racing depends on gambling dollars yet charges large sums to download basic information is completely backwards and counterproductive. I wrote a piece roughly a year ago regarding this issue in which I brought up a couple of the points discussed in today’s article.

So let’s get right down to brass tacks: here’s the key question from the interview in which racing data, and the value therein, is discussed.