Macquarie Quants Predict Half Yours as Melbourne Cup Winner
Jamie Melham riding Half Yours during Melbourne Racing at Caulfield Racecourse in Melbourne.
Photographer: Vince Caligiuri/Getty ImagesMacquarie Group Ltd.’s quants picked the winner of the Melbourne Cup on Tuesday, backing Half Yours.
The Melbourne Cup is Australia’s biggest horse race, which has a total prize pool of A$10 million ($6.5 million) this year. The firm applied its traditional method that’s been in use since 2007, while their separate AI-powered model also picked the same victor.