I am working out what the changes of a horse winning a race is from the previous records of each horses.
Horse 1 has won 5% of his races
Horse 2 has won 7% of his races
Horse 3 has won 12% of his races
Now if 3 horses are running in this final race, how do I split 100% between these 3 horses?
By doing this I guess :
5 + 7 + 12 = 24
Horse 1 :
5 * 100 / 24 = 20.83
Horse 2 :
7 * 100 / 24 = 29.17
Horse 3 :
12 * 100 / 24 = 50
(20.83 + 29.17 + 50 = 100)