The perfect method for handicapping vastly dissimilar boats has been an elusive challenge for club racing programs.  Most (PHRF) are based solely on the design characteristics and potential of the boat. Such rating systems assume the highest level of crew performance and that the boat is fully rigged for racing.  The SBYC Handicap Racing formula attempts to rate boats based on the totality of their performance taking into consideration how they are sailed and how they are equipped. This creates a level playing field that can accommodate dedicated racing boats and island cruisers in the same race with neither at an advantage. In addition, the formula tracks and adjusts for changes such as improved crew work and added racing equipment such as spinnakers. The formula is very simple, and all competitors have access to the data on which the calculations are made, so there are no secrets. After each race, the performance history of each boat is published on the web, so competitors can follow their own track records. They can verify the handicap calculations for any boat in the fleet.  The key to the formula is the ‘Wind Factor’, and that's what makes it work. To synchronize the performances of all boats, the conditions of the day must be part of the equation. This component of the formula insures the continuity of valid ratings for all boats whether they raced in a given race or not.  Each boat that races in a given race has its elapsed time calculated and converted to seconds per mile. The distance is based on the projected actual distance traveled. The distance to weather marks are generally based on 1.4 times the point to point distance.
The mid boat finisher in the fleet (i.e. boat 6 in an 11 boat race) is used to calculate the Wind Factor.  The wind factor equals the mid boat handicap divided by the mid boat seconds per mile. All boats participating in the race then have their seconds per mile multiplied by the wind factor to arrive at ‘Adjusted Seconds Per Mile’.  The wind factor is an important component in the handicapping calculations because it insures that boats participating in high wind races don't unfairly have their handicaps lowered by the fast conditions while the ratings of the non participating boats remain unchanged. The same applies to participants in low wind races. It would not be fair for a boat to gain a higher handicap just because there was little wind. So the wind factor insures that ratings cannot be substantially affected by the speed of the wind or other conditions of the day.  For each boat, the last five adjusted seconds per mile are used in handicap calculations; values for the race just run, and the last four races run by that boat.  The largest value is discarded and the remaining four are averaged; the resulting value is the boat's handicap for the next race.  That handicap will not change until the boat races again.

An accurate Wind Factor in extremely light wind conditions cannot be achieved; therefore if the calculated Wind Factor is less than .6, the handicaps of all participants will not be recalculated and will remain the same until after the next race.

New boats entering the fleet will acquire an initital handicap after the first race. This rating will adjust quickly based on its initial performance.