&quot;Intrade’s system was designed to evoke sophisticated investment, not a casino or a horse track&quot;<p>I resent the supposition that there is not sophisticated investments being made on horse racing.<p>There are many professional investors all over the world, making sophisticated investments in horse racing.<p>One company I&#x27;m involved with, essentially a one man band, pays between £10,000 - £15,000 per annum just to access horse racing data, both daily races and historic results. They then use this raw data to produce complex ratings for daily races and to perform historic data analysis. Their toolset is mostly R and Python based.<p>This is just one small company in the UK. If you looked at other jurisdictions, such as Hong Kong, there are multi-million dollar syndicates crunching numbers to make sophisticated horse racing investments.