*****Horseracing Handicappers' Free Picks Newsletter*****
*****Saturday January 1, 2000*****
Let me take this opportunity to wish you and yours a very happy
and healthy New Year! It wouldn't hurt to have it a litle more
prosperous either, and I hope to be able to contribute a little
toward that end.
I'm sending out this edition of Horseracing Handicappers' Free
Picks Newsletter" on Friday evening/night. Hopefully all of us will
be Y2K compliant and running smoothly on Saturday morning, the first
day of the new millennium.
My last regular newsletter was dated two weeks ago on 12/18/99.
On that day I had an exacta box listed in race 1 at Aqueduct for
$304, followed by some less than adequate picks the rest of that day
and again on Sunday. I know the huge majority of you (our group now
totals 360) understand the complexities and risks that go along with
handicapping and speculating on the thoroughbreds.
After that dry spell, however, I had a few subscribers send
"remove" messages to cancel their newsletter subscription. I can
understand their feelings if they lost a bundle on my picks, but the
reality of the situation is that sometimes things don't go our way and
we can go on losing streaks. Like I say, I would bet that most of you
understand that there are no fees whatever attached to this newsletter,
which includes handicapping information and free picks. As someone
told me long ago, once I make a wager, no matter from what source it
came, the responsibility for that wager is mine alone.
With that said, first let me tell you that the majority of the
picks I will make in the forseeable future will be for races in which
I uncover an internal fraction advantage of at least 2 points. Such
selections will be listed on top and I'll rate them with anywhere from
2 stars to 5 stars, with the higher the number the more of a
discrepancy between the pick and the next best figure. I'm doing
this due to the recent high rate of success of horses with internal
fraction advantages.
Because such picks are often pressers that stay somewhat off the
pace and make their run at the top of the stretch, and this includes
a number of picks of mine that went south a couple of weekends ago,
a fair racetrack is needed for success. Recently the Big A has been
a level playing field, but it often strongly favors early speed
horses. I still believe, however, that horses with internal fraction
advantages will hold their own over the long run at any track.
On Saturday December 18th, in that 1st race in which I correctly
tabbed the winner which combined with my 3rd choice for the $304
payoff, Sargeant Street was a P horse who in an E-E-E match up
figured to be fairly far back off the lead. But as it turned out, he
managed to be just over a length off the pace by the end of the first
quarter and in 3rd by the time they straightened away in the stetch.
Meanwhile, Cellular Joe, an EP style runner was the quickest out of
the gate, outbreaking all of the E-type horses and opening up in the
lane at 40-1.
Sargeant Street in a sustained drive managed to run down
Cellular Joe, who held up strongly for 2nd. All of this may indicate
that enough of the time horses who meet one or more of my primary
handicapping indicators will have enough energy to run well in spite
of apparent obstacles. The case in point was Sargeant Street quickly
gaining better than usual positioning against an early speed-laden
field. And Cellular Joe getting a quick open lead with all those
E runners trying to do the same thing.
The 3 primary indicators I'm referring to are in order: internal
fraction advantage, running-style/pace shape comparison and match up,
and moves-within-a-race. In the race I've been talking about, it was
a case of 2 horses with an internal fraction advantage and one horse
with a move-within-a-race in his last effort. While one of the
entries with an internal fraction advantage, Sargeant Street, raced
strongly as a P (for presser) horse, the other, Alexthethird could
not overcome his pace shape disadvantage as an S (for sustained)
horse in a field loaded with early speed types and a track that
strongly favored those types.
After race 1 that day, my top picks for the remaining 8 races
ran 3rd, 3rd, 2nd, 1st, 3rd, 4th, 5th and 6th, the only winner being
Radiance in race 5 ($7.40) who was clearly the speed of the race and
as such rode the prevailing bias to an easy victory. Here is a
demonstration of how speed-favoring Aqueduct was:
Race 1: place horse almost wired the field; winner 2nd at qtr. pole
Race 2: winner wired field; place horse 2nd at qtr. pole
Race 3: winner 1st at qtr. pole; place horse 2nd at qtr. pole
Race 4: winner wired field; place horse 2nd at qtr. pole
Race 5: winner wired field; place horse 3rd at qtr. pole
Race 6: winner 3rd at qtr. pole; place horse 2nd at qtr. pole
Race 7: winner wired field; place horse 2nd at qtr. pole
Race 8: winner 1st at qtr. pole; place horse 4th at qtr. pole
Race 9: winner 1st at qtr. pole; place horse 3rd at qtr. pole
What this all adds up to is that in nearly every race the 1st
and 2nd-place finishers ran 1-2 all the way down the stretch. With
few exceptions, the winner of each race was either on the lead or very
close to it as the field turned for home and straightened away in the
stretch. That's what I call a strong prevailing speed bias, and it was
at least partially responsible for a number of my horses not doing as
well as expected on that Saturday. As a matter of fact, the track was
playing very similarly the next day as well, when I got the collar.
On days like this when most pressers and closers are not going to
have the lead at the top of the stretch, a lot of horses that look on
paper like they should do well are completely unable to do so, not
because of anything other than a prevailing track bias against them.
When a strong track bias is evident and the track favors certain
running styles or positions, like early speed, rail, closers, outside,
etc. we will likely lose more races than we normally would unless we
make the necessary adjustments. Obviously, when I make selections a
day or so ahead of time, I cannot make any such adjustments to my
listed picks.
There are those that would say I'm wrong about a speed-favoring
bias being in effect on Saturday and Sunday, 12/18 and 12/19 because
if you look at the prices on Saturday for example, you will see that
there were no real longshots and that a good number of favorites or
second choices won, meaning that the track was playing fairly. But
I'll stick to the stats I've laid out above that to me is proof
positive that if a horse did not have the right running style to be 1st
or 2nd at the top of the stretch, it had no chance of winning the race.
In addition, it doesn't take all that long for the crowd to notice
what's going on and start making the best speed horses in each race
favorites or near-favorites.
As I say, the internal fraction advantage horses have been popping
at a high rate, with some at remarkable payoffs. I'm attaching a copy
of the Daily Racing Form past performances for such a payoff, which to
this day still amazes me. It was race 9 at Calder Race Course on Monday
December 27th. I didn't even look at this race too carefully at first
due to it being a maiden race that didn't look too enticing when I
looked at it originally. But a little quick calculating brought out a
strong advantage horse. To look at the file
Click Here
You will need an Adobe Acrobat Reader to view the past
performances I've included. To download a free copy
Click Here.
Originally a field of 14, it was reduced to 11 with the late
scratches of #'s 4, 7 and 14. Here are the final fractions of all the
entries, from #1 through #13:
1. - (first-time starter)
2. - (lost too much ground to have a competitive figure)
3. 28.1
5. 29.4
6. - (lost too much ground to have a competitive figure)
8. 27.3
9. 27.2
10. 27.2
11. - (lost too much ground to have a competitive figure)
12. 26.2
13. - (lost too much ground to have a competitive figure)
As you can see, #12 had a standout advantage in final fraction
comparison. She was a full 5 fifths or one second faster than the
next best figure. In addition, you can see that in her last race,
she ran a credible second-place finish to a runaway horse. How she
could go to the post at odds of 13 to 1 is somewhat of a mystery, but
she won the race going away by more than 5 lengths and paid $28.20,
$11.00 and $8.00 across the board.
When I see a horse with this kind of advantage, the first thing
I want to know is what kind of value it may present. Upon seeing the
odds on her, I immediately decided that I must play her alone before
thinking about any exotic wagers. As a matter of fact, I only played
her to win and place. Had I really had my thinking cap on, I may have
decided that since there was such a discrepancy between the winner,
Everynameinthebook and the rest of the field, an exacta with the
unproven horse who may or may not be as bad as the rest, the
first-time starter, could be worth a flyer. As it turns out, the
12-1 exacta did come in and paid $412.80. For such an advantage and
value horse, some players would opt for a $2 or $1 exacta wheel of
12/all at a cost of $20 or $10 respectively. Again, the point is
that if we focus on value and horses with odds of more than we think
they should be, we can stay ahead and maintain a positive ROI.
I know I'm being redundant, but I'm stressing the importance of
having a handicapping plan that is consistent. Those of you who have
purchased my book, "Calibration Handicapping" know that such a plan
is a major part of the book. I try to "calibrate" and assimilate all
the information given to me about a particular race and come up with
a value advantage for that race. If I can't do so, I'll pass and go
on to the next one.
I'll use yesterday, Thursday 12/30/99 as an example. Fairly late
on Wednesday evening I opened my Daily Racing Form to check out the
races for Thursday to see if I could quickly locate any plays to post
under Free Selections on my website. After scanning pretty quickly, I
decided that races 5 and 7 may present some value and I could fairly
easily tell that the first part of my 3-step wagering plan could be
met.....is there an edge?
As it turns out, on Thursday at about 12:40 p.m. I tuned in on my
computer to the live broadcast from Aqueduct. I had a little over 10
minutes remaining until race 2, which I had pretty quickly skimmed
past the night before due to time constraints. Upon my initial
review of this race now, I pretty much confirmed to myself that it
wasn't a particularly good race to play. But I decided to check it
out more closely using the 3 primary handicapping tools I've come to
depend on.
The pace shape of this match up was E-E. The running styles for
the field of 8, which included an entry of 1 and 1A were in post
position order: EP, P, EP, EP, E, EP, EP and E. This is called a
Fast race shape and as you can see, there is an abundance of early
speed types. With only a few minutes remaining to get a wager in on
my telephone account, I tried to determine if there was a dominant
speed horse from the group. With the answer to that question being no,
I then quickly figured the final fractions and again found no great
advantage, but I could see that #'s 1A, 3 and 6 had the best such
figures.
The final primary indicator is moves-within-a-race so I
carefully checked each entry to see if it had made such a move in its
last race. The 1A, 3 and 4 horses had run their last races as
Profiles and then I spotted my horse. #6 had run his last as a Wide
Out. I had not seen this until about 2 minutes until post time.
With such little time remaining, I could only look at the odds to
see if there was any value in #6 and when I saw 5-1, I quickly placed a
win wager on him, getting it in just before the closing bell. #6 Oro
Bandito stalked the leaders, made a big move on the turn and opened up
a 5-length lead in midstretch. As I was gleefully counting my money
while noticing that his odds had gone up to 6 to 1 in the final flash,
there was a sudden late move by the favorite, #4 and Oro Bandito just
barely made it to the wire in time paying a generous $14.20.
The moral to the story? There are two. First of all, we should
allot the proper amount of time to handicapping a race. Had I done so,
I probably would have constructed a few exactas around Oro Bandito
also, likely using the three Profile horses with him. 2 of those 3
ran 2nd and 3rd with the 6-4 exacta paying $36.20. Secondly, in a
good portion of races, this Primary Indicator 3-step process works
enough of the time to make some decent money at this game. After
collecting on race 2 at Aqueduct, I followed my original plan, which
was to go to the track for races 5, 7 and 8.
I had posted picks for races 5 and 7 and came up with race 8 as
a potential value race in the morning. Race 5 was an absolute
classic race in that it showed the power of moves-within-a-race.
During my quick review on Wednesday night, I spotted that #3 Lyre was
a Wide Out horse and it wouldn't hurt that he was also a Profile play.
As such, he was the only move-within-a-race horse, other than a
borderline Profile play, #4, who was also a maiden going up against
winners and seemed hopelessly outgunned in this matchup.
Turn times and final fractions pointed me to a race in which
3 of this group of 9 had competed 19 days earlier. And here is where
the beauty of the Profile/Wide Out comes into play. The 3 horses
exiting the common race were #3, Lyre, #7 Vodka and #8 Prefect. Vodka
had superior overall Beyer speed figures. This coupled with his
finishes of 1st, 2nd and 2nd in his 3 lifetime outings made the crowd
establish him as an overwhelming favorite. While he and Prefect had
finished heads apart showing true grit, Lyre had faded way out of it
after battling with both. He finished a dismal 5th, beaten over 5
lengths while the other two just missed a head and a neck behind the
winner.
After examining this race, I knew 2 things. First of all, Lyre
was my horse because he was a Profile/Wide Out and I knew the public
who know nothing about such labels would let him go off a nice price.
Secondly, using running style and pace shape comparisons I also knew
that I would not use Prefect, an E horse from the outside who did
not project to get and maintain an easy lead. Bascially, my only
worry was the horse with the big numbers, Vodka, who also had a great
( 1 of 115 ) workout staring everyone in the face.
I went with a good sized win bet on Lyre and used him heavily in
an exacta box with Vodka and used him smaller with 1A, Forever Man.
The race unfolded pretty much the way I expected and as the running styles
said it would and I was content with Lyre's early postioning of 4th on
the rail. As they approached the far turn, however, I was ready to
reach into my pocket and tear up my tickets which represented a fairly
large sum of money as Lyre was checked hard and dropped back a length
or two while losing any momentum he was generating for the
all-important move around the turn.
I couldn't believe that racing luck had taken me out of the game
so early and I would never know how Lyre would have done as a Profile/
Wide Out play. But then I did find out. Dale Beckner, who had gone
winless in his first 37 tries at the meet, but had broken that schneid
with a win in race 4, got Lyre into gear on the turn and began picking
up horses. By the time he straightened away in the stretch, Lyre was
showing the signs I had hoped for, a good dose of energy provided by
his last out move-within-a-race and did he ever kick in! He flew by
the field, including Vodka like they were standing still and lit up
the board at $27.20! Vodka, at 4-5 held the place spot safe and
completed an exacta payoff of $61.00.
As it happened, due to a fair playing field, my picks for races
7 and 8 also won with exacta payoffs of $22.80 and $40.60 respectively
so it certainly was a good day for my 1-2-3 method of handicapping.
Will I have that kind of success every day? No way possible, due to
many factors out of my control, and even some in my control, but I
believe that using these primary indicators, I'll have enough value
payoffs to stay ahead of the game.
Until next week, I wish you clear skies and fast tracks;
knock 'em dead!
Jim
----------------------------------------------------------------------------
To get an additional unique and valuable slant on handicapping the
thoroughbreds, see what my friend the Guru has to say at:
A1 Handicapping & Little Joe's "Secrets of Handicapping"
----------------------------------------------------------------------------
**Horseracing Handicappers' Website**
Wagering on a horse race without knowing which are the true
contenders is like running under water...you will get nowhere
fast. Order "Calibration Handicapping" TODAY... increase your
ROI (Return On Investment) TOMORROW!
----------------------------------------------------------------------------
Web site:
Email: Jim Lehane fax: (603) 676-1216
Back to Top Home
*****Horseracing Handicappers' Free Picks Newsletter*****
*****Saturday January 8, 2000*****
Welcome to another edition of "Horseracing Handicappers' Free
Picks Newsletter." Our group is now 400 strong and growing. As you
know, the central theme of my recent newsletters has been my
3-component process of handicapping and the overall positive ROI it
has been producing. Last week at Aqueduct I had 4 good days
followed by a poor one on Sunday. This being horseracing, it is a
numbers game and we will connect on only so many plays. My
extremely high hit rate for the week was reduced by a number of
misses on Sunday. But as I've said all along, if we focus only on
value plays, we can stay ahead of the game and maintain a positive
ROI while batting only .250 or so. Fortunately, in recent times
I've been connecting at a much higher rate than that.
By hit rate, I mean bets cashed, whether they be on one horse
or on exotics wagers. Once you determine that a straight bet or an
exotic wager possesses the two prerequisites (an edge and value),
then it's a matter of constructing the wager or wagers that will
provide you with the maximum return. For those that are new or who
don't recall, my 3-component process of handicapping that has
evolved during the life of this newsletter consists of the
following:
1.) running style and pace shape match up
2.) moves-
within-a-race
3.) internal fractions advantages.
Although my 3-component handicapping procedure is simple, it
is not necessarily easy and a basic understanding of handicapping
in general is needed. This is where my book, "Calibration
Handicapping" comes into play. It describes in detail how I go
about organizing all of the data given to us in the Daily Racing
Form into a clear picture of who the likely contenders are in any
given race. This book also covers the first two components of my
procedure and it touches on the 3rd element also. As many of you
know, I'm working on the final piece of the puzzle by writing a
new book explaining how I uncover hidden value plays by utilizing
internal fractions comparison in conjunction with pace shape match
ups and horses that have made a last-out move-within-a race.
I've mentioned in emails to a number of book buyers that at
this point, I do not stress the usage of the free software program
called Multicaps. In "Calibration Handicapping" I emhphasize this
program fairly heavily and I still believe it is a valuable tool.
With my newly evolved 3-component procedure, however, basically
nothing is needed other than a Daily Racing Form, and two
felt-tipped pens, one black and one red, the latter of which is
used to emphasize good or bad points of particular entries.
This does not mean that my new book is the be-all and end-all
to handicapping as it covers only one of the elements I use. All
three components are essential for success and the first two are
explicitly covered in detail in "Calibration Handicapping." As
far as the internal fractions comparison goes, I've already been
divulging some of the secrets to that in these newsletters and
will do so today also as I show you how I correctly handicapped
race 1 at Aqueduct last Saturday. It's a good example that
demonstrates my 3-component procedure of handicapping. Although
there have been much higher payoffs and I could even give as an
example race 7 that day in which my top 2 picks ran 1-2 in reverse
order and combined for a $199 exacta, race 1 typifies a more
common payoff which results from locating obvious contenders that
are completely unseen by the general public.
As per usual you will need an Adobe Acrobat Reader to view
the past performances I've included. If you don't have one Click Here
To get the pdf file for today Click Here.
Race 1 at Aqueduct on Saturday, the first day of the new
millennium, was a 6F sprint for 4-yr-olds & up with a claiming tag
of $14,000 down to $12,000. Since I label running styles myself,
they may differ slightly from the way BRIS programs have them.
This was a short field of 8 with the following running styles:
S, EP, P, S, EP, S, P, and EP. It was therefore an EP-EP pace
shape and an Honest race shape. The first thing that stood out to
me was that there were no E running styles and only 3 of the 8
were EP types. When I encounter a match up like this, the first
thing I will do is check to see if there is a dominant early speed
horse that shows by its turn times and speed-of-the-speed
calculations that it is a strong threat to go wire-to-wire.
The 2 actual speed horses are #2, Ultimate Sanction and #5,
D'Bungee. Although D'Bungee may appear to have dominant speed,
those of us with local knowledge have a different opinion.
Horses that have raced exclusively at Finger Lakes in upstate
New York tend not to do well at NYRA tracks. There are of course
exceptions, but as a rule, they do not. That is why, in spite of
D'Bungee's apparent early speed advantage and also apparent
superior Beyer speed figure advantage, I threw him out pretty
quickly. It's important to note that the betting public did not
throw him out, but quite the opposite made him the the close 2nd
choice! 2.20 to 1 versus the favorite being 1.85 to 1.
The way I saw it, there was almost certainly going to be an
early battle between the 2 and 5 horses, which would neutralize
both of them. Since in an EP-EP match up or pace shape, the
likeliest running style to do well is an EP horse, I had to take
a good look at the remaining EP horse, #8 Torgan. Before I talk
about him, though, let's check out some of the other horses. #1,
Jolie's Secret, although possessing a good final fraction, had
the deep closer running style of S and projected to be far back
as the field turned for home. The same exact thing could be said
for #4 Jaded Money. Both of these horses had a pretty dull series
of recent races, so I didn't feel that either had a solid chance
of catching the other horse with the top final fraction who would
be much closer to the pace.
As a side note, a similar scenario was to be found in race
9 on Sunday's card, meaning a horse who had the best final
fraction but had a series of dull races preceeding Sunday's race.
This horse, Doctor Ed, however, did indeed fire and won going
away at a win mutual of $107.00. That race was also an EP-EP
pace shape with only 2 horses having EP running styles. Since
neither had proven recently on an NYRA track that they were
capable of going the distance on top, in 20-20 hindsight I
could have and probably should have listed Doctor Ed in my top 3
picks for that race as he did indeed have the best final
fraction of the bunch and I had that number underlined in red on
my Daily Racing Form.
In our race, though, there was not a lack of what appeared
to be horses with pretty clear shots at the win. I quickly
eliminated #6 Kissena Park, another S horse, for not only being
dull, but also for being stale, having not run a race in over 4
months. After eliminating the 3 S horses and the 2 projected
early speeds that figured to duel themselves into submission, I
had three contenders. #3 Touch of Honey was a P horse with the
best final fraction, which was achieved while being only 2
lengths off the lead at the top of the stretch. I projected that
he would be in good position at that point in this match up to
pass the tiring pacesetters and take over.
Of the remaining 2 horses, #7 Skeaping was a mystery. Here
was a horse that in 1998 had run in a Grade I race, the Santa
Anita Derby. Now, after not having run since February, he was
entered to be claimed for $14,000. Was this a signal that the
connections were trying to get rid of him or grab a quick purse?
Sometimes the anwsers to questions like these can be given to us
by the toteboard. When I saw 11-1 on Skeaping, it told me that
the stable was not betting him and as such, I would use him only
very sparingly as a saver exacta bet underneath my other 2
choices.
Now I was left with #8, Torgan. When I first handicapped
this race on Friday evening before going out for a quiet New
Year's Eve dinner, by the process of elimination I just covered,
he would have to be my second pick behind the horse with the
best fraction, #3. But on the day of the race, Saturday, when
I closely looked at this race again with the odds in front of me,
I began to like and then love Torgan. To begin with, all of his
good points were hidden from the public, which saw this race as
a simple case of dominant speed, #5, and best closer, #3. They
couldn't see the things we can see, because they don't know
about them. First of all, in his 3rd race back, Torgan raced as
a Profile/Wide Out play in a strong internal fractions race. I
picked him to win in his next outing and he disappointed when
he ran 3rd at 5-2. I was really shocked when he didn't win that
one while taking a drop in claiming price.
He then ran what most would call a clunker in his last.
But those among us who have read "Calibration Handicapping"
looked at that last race in somewhat of a different light than
did John Q. Public. According to the DRF results chart, Torgan
was a Wide Out Play. Because of the definite clues in his
past performance lines and his generous post time odds of 6-1,
Torgan became a strong value play for a win wager and to be
boxed in an exacta with Touch of Honey. There are those that
may say that the stable was waiting for such a match up to make a
score with this horse and looking at his last 2 races, I may not
be able to disagree with them. That would explain his less than
expected performances in his last 2 races at lesser prices. In
this match up, being one of 3 EP horses and having made a last
out move-within-a-race, he had a pretty good advantage and the
price was right this time.
Torgan was obviously full of run as he was only a half
length off the lead in 2nd as they turned for home. He then
accelerated and won easily and eliminated any chance of Touch of
Honey catching him, while that horse easily held 2nd by over 2
lengths. The mutuals were $15.00 for the win and $42.40 for the
exacta. Other than the question of what to expect from Skeaping,
which the tote board pretty well answered for us, this was a real
logical play before the race and a very logical one now.
It also shows that anyone following my plays should take a
good look at all of the picks, not just the starred ones. Due to
the lack of wins by the starred picks, I may drop that feature
after this weekend if they don't do better. The final result of
this race was win and exacta payoffs that were very predictable by
using my 3-component method as all 3 parts, running style matchup,
moves-within-a-race and internal fractions comparison brought out
the clear winning plays.
As we all know by now, value is the name of the game. When
I took a more in-depth look at race 1 last Saturday and saw the
odds of my two choices at 9-5 and 6-1, it was a no brainer for me
to bet Torgan to win. In race 7 that day I had listed as my top
picks, #8 Go To The Ink and #1 Grenda. Since the two of them were
value plays at almost 9-1 and 12-1 respectively, I dutched both to
win in addition to playing the 3-horse exacta box, thereby
collecting not only the $199 exacta, but also the $26.00 win
payoff. This is an example of how we can maintain a positive ROI
by sticking to value plays.
Although we will lose more of these than we will win, we can
stay ahead by cashing on the big prices when they do win. I think
you can tell by some of the payoffs of my listed selections in the
past month or so that this 3-component process does work enough of
the time to keep us in the black. And again, the most interesting
part of it is that the wagering public doesn't see things the same
way. They see the fabulous speed figures of horses like D'Bungee
and pound them at the windows without being able to read between
the lines.
If they attempt to look between the lines at a horse like
Torgan, they see a horse that not only had a poor record of 2 for
17 at the distance, but also a horse that had been shut out of an
exacta finish for the entire year of 1999, and one that showed a
last-race finish of 8th in a field of 10. What did we see in
Torgan? By race time, an absolute standout play. Quite a
difference I would say and again, proof that most players are not
looking at the same indicators we are.
Until next week, I wish you clear skies and fast tracks;
knock 'em dead!
Jim
----------------------------------------------------------------------------
To get an additional unique and valuable slant on handicapping the
thoroughbreds, see what my friend the Guru has to say at:
A1 Handicapping & Little Joe's "Secrets of Handicapping"
----------------------------------------------------------------------------
If you wish to subscribe to this Newsletter, simply send an email
with the word "subscribe" in the subject line to:
[email protected]
----------------------------------------------------------------------------
**Horseracing Handicappers' Website**
Wagering on a horse race without knowing which are the true
contenders is like running under water...you will get nowhere
fast. Order "Calibration Handicapping" TODAY... increase your
ROI (Return On Investment) TOMORROW!
----------------------------------------------------------------------------
Web site:
Email: Jim Lehane fax: (603) 676-1216
Back to Top Home
*****Horseracing Handicappers' Free Picks Newsletter*****
*****Saturday January 15, 2000*****
There are quite a few reasons why people play the
thoroughbreds. Some like going to the track on weekends
to get away from the intense pressure and demands from
their jobs. Others have been playing for years and love
the excitement and atmosphere of racing. I myself have
been at it for 30 years and I guess I've seen all kinds
of players with various reasons for being there.
I've heard some mumble loud enough for anyone and
everyone to hear that the outcome is fixed, that no one
wins at this game, that no one stands a chance, etc.
You've probably heard the same kind of stuff. Then there
are the guys who act like they know everything and then
you spot that all they have as an arsenal is a program
and realize that the reason they are there is simply to
be heard.
I have to believe that everyone on this forum has
one thing in common, however. And that is that we play
the horses with one overriding motive and that is to WIN.
Believe it or not, there are many horseplayers who play
without any expectation of making money. They just do
it and are happy every once in a while when they cash a
ticket. I'm not knocking anyone. Whatever their reasons
so be it; they are entitled to do what they want, even
if that includes playing blindly or without having any
real idea of what makes horses win races.
Those of us who are continually striving to find
ways to get an edge over our competition are obviously
at an advantage. Once we have found that edge, however,
it would really be in our best interest to focus on that
particular play. What I'm saying is that we should find
our niche and stay pretty close to what is actually
making money for us.
I've said in the past that it's my opinion that we
should "specialize." If we try to play all nine races
on a card and expect to make money consistently, I
believe we're fooling ourselves. One nine-race card at
Belmont, for example could include two sprint races for
2-yr.-olds, inluding first-time starters, one at 4 1/2F
and one at 5F. In addition there may be two races on
the turf, one at a mile and another at a mile and an a
half. Throw in a couple of 6, 6 1/2 or 7 furlong sprints
and a few route races on the dirt and you have a fairly
typical card for early June.
I know I can't expect to make money by playing all
those different circumstances because I need an edge and
I know I can't get one with every one of those
complicated match ups. First of all, I don't like
playing races with first-time starters entered. To me
it's like rolling dice and if I want to do that I may as
well go to a casino. So if I see a race with more than
a few first-timers, I'll ususally pass.
The same goes for a race that is too contentious.
Often I'll see a race that looks like it's my kind of
match up. A 6F claiming sprint with 8 entries, all of
which ran at 6F in their last outing, all of which have
won against winners, etc. Then when I look at the pace
shape and internal fractions, I see that 5 out of the 8
horses have legitimate shots to win. Should I roll the
dice and pick one or more of those 5 and make wagers?
Or should I pass the race and wait for a match up in
which I have a better edge and advantage?
The answer depends on my real motive. If I want to
enjoy watching the race with a few bucks riding on it, I
can go ahead and put in a fun wager. If as in my
particular case I don't want to risk any money
whatsoever on any wager in which I don't feel I have a
pretty good advantage, I will definitely pass the race
and look for the next playable one.
The bottom line is that for me to stay ahead of
this game in terms of a positive ROI, I have to play the
races in which I feel I have an advantage over my
competition and avoid totally the races in which either
I come up with the same contenders as John Q. Public or
in which I really can't determine using my techniques
that there is an outstanding play. In other words, as
I've said so many times, I need value and I need an
edge.
What this all adds up to is that I must be
selective. I must make wagers only on the races in
which I feel I have a distinct advantage because the
horse or horses I like figure strongly by my
calculations and also are not likely to be thought of
as contenders by most players.
I would have to say that in my eagerness to put up
as many plays as possible in the weekend newsletters, I
have inadvertently "watered down" the quality of plays
somewhat. What I mean by that is that without really
being totally aware of it, if I like a horse or a play
in race 1, I may try to force some picks in race 2
simply because it's part of the early Daily Double.
But as we all know, a Daily Double is really a parlay
and to play that wager, we must like the last play at
least as much if not more than the first.
Therefore to force a Daily Double when I really
like the first race is not real wise. The same goes
for throwing in race 6 or 7 simply to include all the
legs of the late pick 3. That is not the path to a
positive ROI. So in the future, I will be more
selective and list only races for which I feel I have
a strong advantage and also sufficient value. Now
that Gulfstream has been operating for a couple of
weeks I should be able to find a few appropriate plays
from there also.
Now on to a race from last Saturday. It was the
9th at Aqueduct, a 6 furlong sprint for 3-year-olds
which had not won a race other than maiden or claiming
or that had never won two races, which is also known
as non-winners of one other than or NW1X. As per usual
you will need an Adobe Acrobat Reader to view the past
performances I've included. To download a copy Click Here. To get todays file Click Here.
Originally a field of 13, it was narrowed down to
10 with the late scratches of #1 Rich Emotions, #3
Angel's Sing and #13 Live Wire Lil. This left the
following running styles from #2 through #12:
P, E, E, EP, E, EP, EP, EP, EP, and P. As can be
easily seen, this pace shape of EEE is greatly tilted
toward early speed. The way I had it figured was that
the true speeds were #8 Tranquility Jane and #6
Southern Sandra, based on their common race of 11/5/99
and gave those two the preliminary advantage based only
on pace shape.
#2 was an SRE horse but since she had run her 2
lifetime races at the Meadowlands I downgraded her
chances and dismissed her based on that and the fact
that she had not run in 7 weeks with no great workout
pattern.
#4 Crescent Coast was coming off a
good-looking wire-to-wire win in her only race
lifetime.
#5 South City Missy had done the same but
at an inferior track and in slower time.
#6 Southern
Sandra was a Profile/Wide Out play who was getting
blinkers back on. Right away she had two things going
for her, pace advantage and a last-out move-within-a
race.
#7 Twilightinthe City was another who had just
broken her maiden wire-to-wire in her first and only
start. She had done so in the maiden claiming ranks.
#8 Tranquility Jane was a Profile horse adding blinkers
and had enough early zip to be a contender. #9 Book
Smart had shown early speed in Canada but did not
match up with some of these in the internal fractions
comparison.
#10 Annie's Honor was another with some early
presence but her outside post would hinder her chances.
#11 Cherokee Racer was outrun in her last and her lone
win was on a sloppy track. She and #12 Starship
Kimberly, who had raced at Calder were also compromised
by their outside post positions.
So what was I left with for contenders using my
3-component method? As I said earlier, #6 Southern
Sandra fit two of the 3 components - favorable running
style in relation to the pace shape of the race and
the fact that she is a Profile/Wide Out horse. I kept
Tranquility Jane as a contender because of her running
style and also because she too had a last-out move-
within-a-race being a Profile horse. The 3rd element
of internal fractions comparison would bring out my
top or co-choice. Here are the final fractions for
each horse, listing the raw fraction first and then
the horse's actual fraction:
2.) 26.1 / 24.4
4.)24.2 / 24.2
5.)27.0 / 27.0
6.)24.2 / 25.1
7.)25.4 / 25.4
8.)25.0 / 27.0
9.)26.1 / 27.1
10.) 24.3 / 25.1
11.) 24.4 / 25.4
12.) 26.2 / 27.0
You can see that other than #2 Cinnaminson, who I
threw out (correctly as it turns out as she finished
dead last), the standout final fraction horse was #4
Crescent Coast. You can also see that the raw time of
the race #6 Southern Sandra was exiting was the same
strong 24.2 and all the raw internal fractions of that
race were superior. I went back and forth between the
4 and 6 before listing the 4 on top due to her final
fraction advantage. My comment for #6 was "dangerous
Profile/W.O. w/hood back on" because I knew she looked
pretty good in this match up also.
My 3 picks (after #13 was scratched) then in order
were 4-6-8 and the results were 6 ($11.40), 4 (6-4 ex.
paid $35.60), 7, 8. We'll never know how #4 would have
done had she not taken a bad step on the backstretch
while approaching the far turn, but she did a
remarkable job to get 2nd after that mishap. I also
collected $63 on the late D/D because my 2nd choice won
race 8.
Hopefully this will help you to see how comparing
running styles and internal fractions and using horses
that show advantages in those areas along with any
horses with last-out moves-within-a-race can help us
in our quest for maintaining a positive ROI.
Until next week, I wish you clear skies and fast tracks;
knock 'em dead!
Jim
----------------------------------------------------------------------------
To get an additional unique and valuable slant on handicapping the
thoroughbreds, see what my friend the Guru has to say at:
A1 Handicapping & Little Joe's "Secrets of Handicapping"
----------------------------------------------------------------------------
**Horseracing Handicappers' Website**
Wagering on a horse race without knowing which are the true
contenders is like running under water...you will get nowhere
fast. Order "Calibration Handicapping" TODAY... increase your
ROI (Return On Investment) TOMORROW!
----------------------------------------------------------------------------
Web site:
Email: Jim fax: (603) 676-1216
Back to Top Home
*****Horseracing Handicappers' Free Picks Newsletter*****
*****Saturday January 22, 2000*****
Welcome to another edition of "Horseracing Handicappers'
Free Picks Newsletter." Some of you have asked why I don't
simply shift my entire focus from the cold climate of
Aqueduct to the balmy conditions down at Gulfstream Park.
For one thing, I have local knowledge of the racing here in
New York and for another, many of the races so far at
Gulfstream have had less than ideal match ups, which may
partially explain some of the recent wild and wooly
unexpected large payoffs at Gulfstream. For instance, a
typical field of 12 going 7F may include a number of horses
who have last raced at routes, and even routes on the turf.
I prefer to wait out the fields that are more closely
matched in terms of internal fraction comparison. When I do
find the right plays at Gulfstream, however, I will of course
pass them on. As a matter of fact, today's example race is
one I played at Gulfstream last Monday when Aqueduct was
closed due to frigid temperatures coupled with fierce winds.
It will serve as a case-in-point of what I consider to be a
playable race with an advantage horse.
I'm convinced that if we play the waiting game, we will
come across a steady flow of pretty straightforward
opportunities for value plays. Whatever our strength races
may be, we should wait for those inevitable occasions. In my
case, I try to locate match ups that present internal fraction
advantages and then look for any value plays that such an
advantage horse may initiate while also focusing on pace shape
and any last-out moves-within-a-race. The best situation of
course is when we find an advantage horse that does not have
competitive recent speed figures.
When we can locate a horse that has a standout final
fraction or even better has also made a move-within-a-race
during that effort, and earned a speed figure that is 5 to 10
points less than many of his opponents, we have a value
situation. And we can also be fairly confident that if such a
horse runs the race we expect due to his advantage, he will
increase his speed figure by 5 to 15 points in a big
next-out performance.
That's the ideal situation. Locating a horse that we
expect to run much better than he did in his last few races.
The public is truly mesmorized by speed figures and will
refuse to play a horse who does not have equal numbers.
They will also avoid horses that have gone off at large
prices recently. Another value situation can be a horse
that has won his last race and is moving way up in class.
If he shows us through fractions or specific moves in his
last race or a pace advantage in today's match up that he
may very well run big again, he should be considered a value
play. The public will often overlook sharp class-hikers
thinking they cannot compete at such a higher level and
overlay payoffs are often the result when such horses give
us the right signals.
Race 3 at Gulfstream on Monday January 17th is an
example of a race with a standout final fraction advantage
horse. The only problem was that due to his previous race
Beyer speed figure, he was made the favorite. Upon seeing
this, I was left with a decision. Do I bet this horse at
8-5 or do I see if there is any value in exactas? First
of all, the decision of whether or not to play to win
should be determined by what WE think the odds should be.
Maybe 8-5 is an overlay in our minds if we think he should
be even money. It also depends on how many races we are
playing on a given day and how much we are going to risk.
For instance, in my case I had played race 2. I
liked the 1-entry and decided to play a few daily doubles
into that entry. After losing the first race, I then
decided to play the entry to win at 3-1. When the best
the entry could do was 3rd, I was now down 2 wagers. I
knew that I really liked the big final fraction advantage
horse in Race 3, but had a decision to make. If I was
ready to risk $200 on the race, I may have opted to put
the whole thing on the nose to win and if the horse won,
I would collect $520 and make $320 on the bet, which would
have covered my previous losses and still made me a decent
day's pay.
But since I will reserve such large wagers for very
rare occasions (such as Artax in the Breeder's Cup) in
which the horse has a whole lot going for him, I couldn't
make much of a profit with a much smaller win bet. So I
decided to look around to see if any exacta with my horse
on top would pay enough to be considered value. When I saw
that a couple of my other contenders would complete pretty
decent exactas, my decision was made for me.
Attached are the Daily Racing Form past performances
for this race, which was an allowance NW1X for fillies &
mares 4-years-old and upward going 6 furlongs. You'll
need a copy of Adobe Acrobat Reader to view these past
performances and if you don't have one, you can download
a free copy Here.
To get the file for today Click Here.
I assigned this field of 7 the following running
styles beginning with #1: EP, P, EP, EP, EP, P and EP.
Right away it was clear that there was a lot of early
speed in this EP-EP pace shape, with 5 early speed types
and 2 pressers. If you have access to the charts of the
race, you will see that after the 1st quarter, 5 horses
were within about a length and a half of the lead, which
confirmed the amount of early speed.
The first thing we want to do in such a match up is
to determine if there is a dominant early speed horse
from among the group of 5 early speed types. Here are
the last-race turn times of the 5 EP horses, who were
#'s 1, 3, 4, 5 and 7; the turn times will be followed by
the track variant for the day of their last race:
23.2-10, 23.4-18, 24.0-18, 23.4-18 and 24.2-16. Going
by turn time and early fractions in general, it appeared
as though #1 Stealth would be out for the early lead, but
with so much potential for a battle, she did not have
the look of a horse that would survive a multi-horse
duel and then pull away to a wire-to-wire win.
The only last-out move-within-a-race was made by
#7, Glitter Space who was a Profile horse. Since she
was one of the EP runners as well, she was immediately
put on the short list of contenders if the price was right
and as it turned out her post time odds of better than
47-1 made her quite an overlay in a 7-horse field.
Having covered the first 2 steps of running style
comparison and pace shape examination along with
moves-within-a-race, the remaining comparison I had to make
was final fractions to see if there was an advantage horse.
Actually, with a quick perusal of the entries, it was easy
to spot that there was a horse exiting a race with much
stronger fractions than the others. So seeing that apparent
advantage, I would declare this as a race to handicap and
look for potential value.
As I said, in sprints I compare final fractions, or
more specifically 3rd quarter fractions. Since this field
had 3 horses exiting 5F races, a projection of the last
furlong time was necessary for those. That estimate for
the final furlong is 13 seconds, so for the 3 horses that
ran at 5F I added 13 seconds to the final times of their
races.
Here's how I figured the final fraction for each horse.
#1 - 45.2 from 111.3 equals a raw time of 26.1. Since she
gained more than a half length during that segment, her time
is 26.0.
#2 was away from the races for more than 7 months and as
such was what I call stale. Generally such a horse, unless
it has shown speed figures superior to the rest of the field
in most if not all of it's races before the layoff, should be
given a race before being considered as a contender. For the
purposes of this exercise I'll figure the final fraction of
it's last race anyway: 45.3 from 110.3 equals a raw time of
25.0 plus 6 5ths for losing 6 1/2 lengths for a time of
26.1.
For #3 after adding 13 seconds to the final time of 58.3 we
get 111.3, less the half mile time of 46.0 equals a raw final
fraction of 25.3. Subtract 3 5ths of a second for the gain
of 3 1/4 lenths and her final fraction time is 25.0.
For #4 we add 13 seconds to the final time of 59.1 and get
112.1 as a projected 6F time. Since she lost less than a
length, the raw time is her time: 112.1 less 47.0 equals
25.1.
For #5 we add 13 seconds to the raw final time of 58.3 and
get 111.3. From that we subtract the half-mile time of 46.0
and get 25.3. Since she neither gained nor lost a length or
more, her time is the same as the raw time of 25.3.
For #6, we subtract the half-mile time of 46.2 from the 6F
time of 110.3 and get a raw time of 24.2. Since during that
3rd quarter she gained a only half length, the raw time of
24.2 is her actual time.
And for the final horse, #7, we subtract the half-mile time
of 46.2 from the final time of 112.4 and get a raw time of
26.2. Since she lost 12 lengths during the final quarter, we
add 12 5ths and get her final fraction time of 28.4.
Here then is a list of the horses with the raw times and
the actual times, each of which I put next to each entry's
p.p.'s on the far right side of my Daily Racing Form to
compare:
1.) 26.1 / 26.0
2.) 25.0 / 26.1
3.) 25.3 / 25.0
4.) 25.1 / 25.1
5.) 25.3 / 25.3
6.) 24.1 / 24.1
7.) 26.2 / 28.4
Like I said, by simply skimming over the entries and
doing some quick subtraction of the fractions, it quickly
becomes evident that there is a standout in this group. A
difference of 2 points, or fifths of a second, is
significant, so 4 points is a big internal final fraction
advantage and should get our attention immediately. In this
case, like I said, #6 Hello Bertie earned a big Beyer Speed
number in her race prior, which enamored the betting public
as well as the public handicappers and reduced her odds
to
8-5.
Many times, however, you will come across significant
advantage horses who will not have any recent Beyer speed
figure advantage, and those will be value plays in and of
themselves. For instance, in last Saturday's newsletter
selections at the Big A, I made the following comments next
to my top picks for races 1 and 5 respectively, "big internal
fraction advantage" and "clear edge in fractions." They
each won, paying $10.60 and $7.20.
Another horse with a clear final fraction advantage also
won that day and that was #4 Spunoutacontrol in race 7 who
paid $19.80. My comment on her was "broke maiden at Laurel
with 24.3 final split." The only reason why I listed her 3rd
was that she had run at Laurel and I downgraded her race.
Obviously I shouldn't have and this is an example of what I
referred to earlier; a horse that won and is stepping up in
class with a clear final fraction advantage.
So what horses did I use in exactas in place of a win
bet with the clear standout horse, #6? I had to use the
Profile horse at 47-1, but to be honest about it, those odds
were mighty high in a 7-horse field and I flinched a little
bit and put in a smaller exacta with her. The next-best
final fraction horses were in order, #3, #4 and #5. The
odds for those horses were 3-1, 4-1 and 19-1.
Although I put in a part-wheel exacta of 6/3-4-5-7, I
focused more on the 2 longshots for second and put a little
more on the 6-7 combo and then most on the 6-5 combo, which
if successful would pay around $50 and would certainly leave
me with a nice profit for the day.
As it turned out #6 Hello Bertie stalked from a 4-wide
position and went on to win fairly handily. 19 to 1 shot #5
Petite's Dowery, who cut out all the fractions, held up for
2nd to complete the exacta in a remarkably strong effort,
holding the place spot safe by more than 11 lengths. After
seeing on my computer screen that #7 Glitter Space got 3rd,
(Gulfstream Park permits a live video stream through
Broadcast.com) I wished that I had gone with the trifecta
also.
The payoffs were $5.20 to win on #6, a 6-5 exacta of
$53.20 and a 6-5-7 trifecta of $582.20. It seems as though
everytime I look at a trifecta payoff its a Guru TBC
combination, as this one was. I usually opt for exactas but
I guess I'll have to seriously consider trifectas in the
future, especially if the plays have the kind of potential
value these did if things clicked. As the Guru says in his
TBC play, the odds of any 3-horse box should equal at least
20-1 to be a prime play.
I hope that this exercise has helped you to see the
power of internal fractions comparison and hopefully it will
help your bottom line in the future. When I spot such plays
on the days I give selections, I'll continue to mention
them.
Until next week, I wish you clear skies and fast
tracks; knock 'em dead!
Jim
----------------------------------------------------------------------------
To get an additional unique and valuable slant on handicapping the
thoroughbreds, see what my friend the Guru has to say at:
A1 Handicapping & Little Joe's "Secrets of Handicapping"
----------------------------------------------------------------------------
**Horseracing Handicappers' Website**
Wagering on a horse race without knowing which are the true
contenders is like running under water...you will get nowhere
fast. Order "Calibration Handicapping" TODAY... increase your
ROI (Return On Investment) TOMORROW!
----------------------------------------------------------------------------
Web site:
Email: Jim fax: (603) 676-1216
Back to Top Home
*****Horseracing Handicappers' Free Picks Newsletter*****
*****Saturday January 29, 2000*****
Welcome to another edition of "Horseracing Handicappers'
Free Picks Newsletter." This week we topped the 500 mark in
number of subscribers. There is no looking back now and I
expect things to keep rolling. Now that we've reached this
milestone, I would like to thank all of you who have stayed
the course. I would also like to thank you new subscribers
for joining and I encourage you to stay with us as I have
plans for bigger and better things, meaning continued
handicapping insights and selections that will profit us all.
Last Sunday was an interesting day. The Pick 6 is a
wager I usually avoid for a number of reasons, but mostly
because I find it a rare occasion when I can get a strong
bead on six straight races, the 3rd through the 8th. My
picks last Sunday included 4 of those 6 races, and I had all
4 winners listed, the 4th ($23.60) and 8th ($11.00) on top
and the 6th ($5.10) and 7th ($7.50) as second choices. The
only remaining races, the 3rd ($6.70) and the 5th ($18.40)
were won respectively by the horse with the best final
fraction and a near Wide Out play that finished 2nd in its
last.
In other words, at a fairly small cost, I could have
quite easily had the Pick 6 payoff of $14,751. The tally for
using 2 picks in each race is $128 but using the right 3
singles on one ticket would reduce the outlay to only $16.00.
Decisions, decisions. Wouldas and couldas and shouldas just
show us how important and often difficult making the right
wagering choices can be.
I read an interesting article in this past Saturday's
Daily Racing Form. It was by Dave Litfin and concerned one
of the more mysterious phenomena surrounding thoroughbred
racing and handicapping. I'm referring to the occurrence
known as "bouncing." Bouncing, as many of you know, is the
term used to describe an "off" race or an inferior
performance by a horse in his next start after a very strong
outing.
When a horse "bounces" or reacts negatively to a strong
effort, his speed figures will almost always decline,
sometimes sharply. Although there are cases in which a horse
bounces and still wins or runs in the money in his next start,
his speed figures will still generally decline significantly.
Most of the time, however, when a horse bounces, he will be
off the board and out of the money.
What causes bouncing? I don't know of any clearly
defined reason. In my opinion, as I've said in a past
newsletter, bouncing occurs in other sporting events also.
I've seen many top individual and even team efforts be
followed up by an off outing. For some mysterious reason, a
top effort is sometimes, but not always, followed by a real
dud of a performance.
As far as horseracing goes, I think one thing to look
for are horses that have run big after an extended layoff.
I think they may have slightly more of a propensity to react
negatively in their next start. It's also my opinion that a
horse who ran well and gained significant ground in what I
refer to as "the golden eighth" will have a much less chance
of bouncing. A strong move during the "golden eighth" is
one of the moves-within-a-race described in my book,
"Calibration Handicapping."
So now back to the interesting case-in-point as told by
Dave Litfin last Saturday. The featured 9th race that day
was the Grade 3 Aqueduct Handicap. The morning line favorite
was a horse called Badge. To most handicappers, Badge looked
like a strong candidate, thus his post time odds of 4-5. He
had just won his last race quite easily with a 4-wide move
going away as the favorite at odds of 7-5. This money
allowance race win looked like a perfect prep for Saturday's
stakes event.
Badge had some other things going for him. He was 1 for
2 at the distance of a mile and a sixteenth; he was 4 for 5
on the Aqueduct Inner Dirt Track, with a 3rd place finish the
one time he didn't win; he won that last race as the
highweight in the field; he had run against some mighty tough
competition in 1999, including a 3rd-place finish in the
Preakness against eventual horse-of-the-year Charismatic; and
he ran a strong final fraction in his last-race win. He also
ran a Beyer speed figure of 100 in his first race back off a
layoff of nearly 7 months.
Badge had a string of strong workouts after having been
rested for about 7 weeks subsequent to his comeback victory.
In other words, add all this together and the result to most
handicappers was that Badge was an extremely strong candidate
to run well in the Aqueduct Handicap. His trainer even
rested him long enough to avoid a potential bounce.
But there were sinister forces at work. Hidden forces
that defy logical explanation. Badge was doomed.
Statistically he had no chance to win the race. Why? Dave
Litfin explained in his column why eventual 4-5 shot favorite
Badge had little or no chance of winning because of what he
accomplished in his last race. Badge did something that only
an extremely small number of horses have been able to do.
And that is to win a race as a 3-year-old against older
horses while being the actual highweight in the race.
Now for some of us who don't focus all that heavily on
weight assignments, this feat went completely unnoticed and
was not looked upon as anything extraordinary. Not only that
but Badge did this less than a month before he turned 4 years
old. What was so great about this? Well according to an
exhaustive and thorough study done by Steve Davidowitz, this
was truly a rare and very impressive feat.
In his book, "Betting Thoroughbreds" Davidowitz wrote:
"When a 3-year-old is assigned actual top weight in a race
for three years and up, the 3-year-old has little or no
chance of winning." But as Dave said, consider the
ramifications of that effort: in Davidowitz's original study
of stakes and allowance races during the 1970's, there were
only 10 documented exceptions to the rule, and as the author
noted, "all 10 horses in the original study who defied the
age-linked weight concessions "bounced" or showed a decline
in their form in subsequent starts."
After reading Litfin's article, I took another careful
look at Badge. Being a believer in the bounce theory and
with the overwhelming evidence against him, I wanted to
throw him out completely, but looking at his overall past
performances, the worst I was able to list him was 2nd. In
Saturday's race in a field of 8, Badge went on to stalk the
leaders to the upper stretch and at odds of 4-5 proceeded
to completely drop anchor in the dullest race of his entire
career, beating only 2 horses in the process. Yes, forces
beyond his control were at work. Badge really had little
chance to win that race as he was destined to "bounce" right
off the board.
The race I would like to review this week is the 4th
at Aqueduct last Sunday, 1/23/00. It was a 6-furlong race
for fillies and mares with a claiming tag of $35,000 down to
$30,000. Attached are the Daily Racing Form® past
performances for this race. You can get the PDF file Here. You'll need a copy of Adobe
Acrobat Reader to view these past performances and if you
don't have one, you can download a free copy Here.
I chose this race not simply because I had the winner
($23.60) listed as my top pick, but because it is a good
example of a value race that with a little "reading between
the lines" could result in a nice payoff. When I handicap
the day before the races, I try to spend extra time trying
to spot value plays. But this does not include how to
bet the races. I've previously given a simple wagering plan
that hopefully has produced some profit, but it does not
cover all the bases by any means. That plan included
playing the top two (or three) picks to win if the odds
warranted it as well as playing all three in an exacta box.
When I look at the current odds of a horse I feel is
the most likely to win and see 12-1 or so, which the winner
of this race was until the odds dropped to 10-1 at post
time, I realize that this is the time to check out all the
wagering options because if I'm right and this horse wins or
runs second, I can be pretty certain that the exotic wagers
will pay well also. In other words, if the horse I like to
win a race is 9-5 or 2-1, I may not want to consider keying
that horse in the first 2 slots of a trifecta. But anything
5-1 or better should get my attention to at least check out
such a wager. I usually don't focus on trifectas unless
my top choice is a longshot overlay.
By check out a trifecta wager I mean to see how many
contenders I feel there are for each position of the wager.
How many horses do I feel have the most realistic shot of
winning the race? How many have a shot to be there for
second or third but not to win? How many are periphery
plays who have a shot at getting 3rd money but in my
opinion not all that great of a chance at the win or even
2nd? Well, these are the questions I asked myself here in
front of my computer last Sunday as I was preparing to play
race 4 at Aqueduct.
A few months ago, I gave the website address from
which you could download a real handy exotic wagering
calculator that can be kept right on your desktop. This
FREE calculator can instantly tell you the cost of just
about any exotic wager you want to construct. For anyone
who wants it, you can log onto the following website, which
happens to be a harness racing site, but you can download
it within minutes to your desktop or anywhere else you
want it. I have it on my desktop and I can assure you
that there are no viruses attached. To get a copy
Click Here.
Once at the site, in the left-hand column click on
Tools and Utilities and then click on download the wager
calculator and within a minute or so you will possess
this neat handicapping aide.
Now let's take a look at race 4 from last Sunday. I
assigned the following running styles to horses 1 through
11: P, S, EP, EP, P, EP, P, EP, EP, P and P. This was an
EP-EP pace shape and an honest race shape. With 5 of the
field of 11 being EP runners, it's always wise to try to
determine the speed of the speed and also if that horse
has a good shot at going all the way. Of the 5 EP horses,
one had run last at Mnr, wherever that is, and another had
last run at Woodbine in Canada 15 months ago and right
away due to that layoff was tossed by me. I also
discounted the early speed of the horse from Mnr due to
not having remembered any horses doing well in New York
on their first try from there.
I was down to 3 EP horses, and from that group #8
Flag On the Gate sure seemed to be the likeliest front
runner. #3 Is A Doll had the potential to go to the
lead as did #9 Latifah, but Flag On the Gate showed an
absolute preference to be on top. Could she go wire to
wire? In my opinion no. As a matter of fact, when I
made the selections for this race, I figured that she
would face some pressure early and I didn't even list
her 2nd or 3rd.
There were two horses that had made a last-out
move-within-a-race and they were both Profile horses.
#1 Maggie May's Sword and #11 Swift Sword. Since I only
list 3 horses, I left out Maggie May's Sword in spite of
being a Profile play. I went with the horses with the
best final fractions and also a horse who was taking a
significant drop in class and had run as a Wide Out in
her prior two races, #3 Is A Doll. But Maggie May's
Sword certainly had the look of a periphery player for a
trifecta wager.
Here is the breakdown of the field with the final
fractions next to each, the raw time followed by the
actual time for the horse. To the right is the
last-race Beyer speed figure:
1.) 25.4 / 27.0 57
2.) 25.4 / 25.3 66
3.) 26.3 / 26.4 66
4.) 25.3 / 26.0 67
5.) 25.4 / 26.3 53
6.) 25.2 / 25.2 76 STALE
7.) 25.1 / 27.0 50 STALE
8.) 25.4 / 26.0 66
9.) 25.4 / 26.0 70
10.) 25.0 / 24.4 73
11.) 24.0 / 25.0 58
Two things are immediately evident here. First, the
best last race final fraction horse is also the best last
race Beyer speed figure horse other than the stale entry,
#6, whom I threw out. It doesn't hurt to underline in
red in each race the highest last-race Beyer speed figure.
I underline the highest Beyer showing for EACH horse in
the race to get an idea what its top number is and how
its last race or 2 compare to that. In the case of #10,
Fast And Fortunate, her best of the bunch last Beyer of
73 was not her lifetime top; 83 was and she had run 79
twice in her last 12 races. This means that she was not a
likely bounce candidate based on that alone.
It's a pretty nice scenario when you come up with a
horse that has won her last race at the same track and
distance and who also had won before at the track. With
the best last-race final fraction, the highest last-race
Beyer speed figure and odds of 10-1, what more could one
ask for? Why the overlay? Probably because she was
stepping up in claiming price and also because she was
going from the outside. If she was a plodding closer I
would be more leery of playing an outside horse on
Aqueduct's inner, but she usually ran fairly close up and
I could have even labeled her an EP runner.
As it turned out Fast And Fortunate broke 10th and
made a huge late run to get the win, not the kind of trip
I would have predicted for her, but she managed to get up
by a comfortable length and a quarter at the end. In
hindsight, which as I say is always 20-20, and I know that
it's real easy to redboard a race after it's finished, I
probably should not have listed as my 2nd choice #11
Swift Sword. I did so because she had the 2nd best final
fraction, but as Larry S. pointed out to me before the
race, she had not run in 50 days and had one lone average
workout since.
My picks were in order, #10, #11 and #3. Here is how
I played the race. The first thing I wrote down was a win
wager on #10 Fast And Fortunate. I then decided to use
the exotic calculator and see what the cost of a trifecta
would be keying #10. Who would I use on top? After
looking the field over closely again and agreeing with
Larry that #11 Swift Sword was a periphery play, I decided
to go with only #10 in the win slot. For second, I had to
use my other two selections #3 and #11, but were there
any others who could get the place money? What about the
speed?
I figured I HAD to put in the speed for 2nd and 3rd
also. In addition, I had to use the other Profile horse,
#1 for the place and show spots. Were there any other
periphery horses who could get 3rd? I thought that #2
Clear Margins ran a real nice race in her last, but being
an S horse/closer on the inside, her chances would be
compromised. I threw her in for a chance at the show
money. Here then is the trifecta wager I constructed
using the exotic calculator on my desktop:
10 / 1-3-8-11 / 1-2-3-8-11
The cost for this $1 trifecta using 6 members of the
11-horse field was instantly shown to me as $16.00.
Obviously, for a $2 wager the cost was $32.00. I don't
know how many of you can quickly calculate yourself the
cost of trifecta plays, but I know I can't for all
combos, without the help of a calculator. This
particular wager is not too difficult to calculate as
it's not that complicated. We can simply multiply the
number of horses in the win slot times the number of
horses in the place slot times the number of horses in
the show slot (minus one). In other words, 1 X 4 X 4
times the dollar amount of $1 equals $16.
But what if we added another horse to the win slot?
What would be the cost of this $1 wager?
3-10 / 1-3-8-11 / 1-2-3-8-11
Is it $32? No, it's actually only $25 and I don't know
how to calculate that without a computer of some kind.
How about if I wanted to put my top choice in the second
slot also since I added another to the win slot? What
would this wager cost?
3-10 / 1-3-8-10-11 / 1-2-3-8-11
This would cost $29. Anyway, as you can see, it's pretty
handy to know that the cost of covering this many horses
behind a key horse or two to win is only $16, $25 or $29.
The results of the race were as follows: #10 won at
$23.60, the exacta of 10-8 paid $175.50 and the trifecta
of 10-8-1 paid $3,413.00! Was I surprised at that payoff!
Here is an imaginary parlay of the first 3 finishers:
$23.60 times one-half of what the place horse would have
paid to win ($14.40; 7.20 X $23.60 = $169.92) times
one-half of what the show horse would have paid to win
($23.00; 11.50 X $169.92 = $1,954.08).
In essence, this trifecta paid over $1,400 more than
it should have. Forrest Gump's declaration that "life is
like a box of chocolates" because you never know what you're
going to get, can be applied to trifecta wagering also.
In many cases, when keying on a longshot, the results are
a plesant surprise. While the hit rate on these plays may
not be extremely high, an occasional investment of $16 or
so with a return of $1,700 or so can make up for quite a
few losses. Just some food for thought.
Until next week, I wish you clear skies and fast
tracks; knock 'em dead!
Jim
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To get an additional unique and valuable slant on handicapping the
thoroughbreds, see what my friend the Guru has to say at:
A1 Handicapping & Little Joe's "Secrets of Handicapping"
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