Betting on female jockeys can offer punters greater rewards, a recent study reveals. Researchers at the University of Liverpool, funded by The Racing Foundation, found that odds on horses ridden by women tend to be longer and more profitable when compared to their male counterparts in National Hunt races. This discovery challenges common biases among gamblers and sheds light on the underestimation of female jockeys in the betting market.
Examining data from over 600,000 runners in National Hunt races spanning two decades, the study highlighted a consistent trend where female jockeys outperformed their odds. Despite facing lower expectations, female riders often surpassed predicted finish positions, indicating a significant undervaluation by the betting public.
Starting prices, reflecting the market’s perception of each runner’s likelihood of winning, showed a clear discrepancy in the treatment of male and female jockeys. The study noted a growing gap in odds between genders over the past decade, suggesting a deep-rooted bias that hampers the recognition of female riders’ capabilities.
While the rise in female representation in horse racing should provide more insights into their performance, the study revealed a persistent underestimation of women by bettors. The betting public’s reluctance to acknowledge the improving success rates of female jockeys raises concerns about gender bias within the industry.
Notably, the study pointed out a cognitive dissonance among bettors, exemplified by the tendency to make exceptions for top female riders like Rachael Blackmore while undervaluing others. This selective recognition of talent underscores a broader issue of gender inequality in horse racing and reflects societal attitudes towards women in sports.
Furthermore, the study’s findings suggest that the racing industry may have inherent biases that hinder the progression of female jockeys. Despite the prevalence of female stable staff and amateur riders, professional opportunities for women in jump racing remain limited, indicating systemic barriers that need to be addressed.
By delving into the mathematics of betting on female jockeys, this research not only unveils hidden disparities in the racing world but also prompts a critical examination of gender bias and sexism in sports. The reluctance of the betting public to fully embrace female riders, despite their proven potential for higher returns, underscores the need for a more inclusive and equitable approach to horse racing.
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