*****Horseracing Handicappers' Free
Picks Newsletter*****
*****Saturday September 2, 2000*****
Welcome to another edition of "Horseracing
Handicappers' Free Picks Newsletter." Well here
we are at the 2000 Labor Day weekend already.
Only a few more days left to the Saratoga and Del
Mar summer meets. Hopefully the weather will be
nice to us and not spoil all the outdoor plans
many of us have for this Holiday weekend. I know
many of you will be spending a lot of time with
your families and will put horseracing on the
backburner, but for those who will indulge, I'll
make the usual Sunday picks and also try to come
up with a few for Labor Day.
This week I've received a number of emails
from subscribers who want to know if I have a
wagering plan that can help improve their bottom
line. I've said it in the past and I'll repeat
it here. Wagering is nearly as important as
handicapping, and equally difficult to master.
It's really an art. It's also an individual
thing and a standard wagering format or process
is not the easiest thing in the world to
establish.
As you've heard me and I'm sure others say
many times, value can be the key to everything.
That's true, but what exactly does that mean?
First of all, I won't want to even think about
constructing a wager unless I can see that there
is a potential payoff of at least what I consider
to be fair.
And I did use the word construct when
referring to making bets. I'm not going to be
able to keep in the black if I make a habit of
deciding what my bets are going to be while
standing in line or at the betting window or just
before I call in to use my telephone wagering
account. In other words, I have to spend a good
bit of time thinking through any wager I am
considering making. If I did my homework and
handicapped a race, it took more time than that
to come up with the contenders and I should spend
if not an equal amount, at least a good bit of
time figuring out how to play them.
Once I have my contenders listed, I go
through a 3-step checklist. First I ask myself,
do I have an EDGE in this matchup? By an edge I
mean are there one or more, up to three,
contenders who stand out above the rest of the
field? If not, then the race is too contentious
for my liking and I pass the race. This doesn't
mean I can't use fringe horses (periphery plays)
in the second hole in an exacta or the third hole
in a trifecta.
It means for the most part that I have to
have no more than 3 contenders for the win spot.
If I think more than 3 horses in any field have a
chance to win, I'll move on unless there is an
outstanding value situation like the one I'll
discuss below, in which a 4-horse box would be my
first option.
Secondly, I ask myself if there is enough
VALUE in my contender or contenders to construct
a wager. Since I know well beforehand who my
selections are, I can wait until approximately 15
to 20 minutes before post time to go through my
3-step procedure and I can get a fairly good idea
of the value present. If my 3 horses are 3-5, 2-1
and 5-2, I can pretty much forget about getting
enough value on this race.
But before I throw the baby out with the
bathwater, I'll jot down the exacta probable
payoffs with my 3 contenders. If any of them are
under $24 I'll pretty much focus on seeing if a
win bet may eventually be in order. If, however,
all six combinations are paying over $24, I'll
keep looking at that possibility also. If the
payoffs are all over $24, I can be pretty sure
that the odds of at least two of my contenders
will go up.
Finally, I will consciously go over in my
head all the wagering options I have to choose
from for the upcoming race. Obviously, for each
race I have the choice of win, place or show, and
for me it's usually win from among that group.
It's important to consider all of the
wagering options available. If for example I'm
looking at race 8, I have the following choices:
win-place-show, exacta, trifecta, and daily
double. If my top 3 picks in race 8 are 2-1,
7-2 and 15-1 and the daily double probable
payoffs using my top pick in race 9 with my top 2
in race 8 are $12 and $18, I may want to skip
that wager and focus on the exactas in race 8,
all of which pay more than $24 dollars.
That doesn't mean I can't play any value D/D
plays. After all, the favorite doesn't have to
win either race. But if I am going to use both
of my top picks in a double, I don't want to use
that option if it doesn't pay as much as exactas
in the first leg. You can see what I'm getting
at. Some observation and thought should go into
which wagers I want to construct once I've
answered yes to the first 2 questions of edge and
value.
Often if I like a horse a lot due to a
standout final fraction and good odds, I'll just
settle on a win bet and forget about exotic
plays. But if there is no such standout from
among my top 3, I'll include exactas and/or
trifectas. Again, much of the decision-making
process depends on the odds of my contenders.
Let me quickly go over the last 2 races on
the Saratoga card this past Monday, August 28th.
They clearly illustrate 2 distinct wagering
situations I'll call A and B.
In race 8 on the turf, the best final
fraction horses were 1 Antitrust, 3 Willowick
Lad, 10 Cardinal Verse, and 6 Mutawwaj. I had
written down my order of preference 1-3-6-10
mainly because the 10 had just won in the
preliminary allowance condition of NW1X and this
was the next level NW2X.
The post time odds for these 4 horses in
situation A respectively were: 8-5, 7-2, 15-1,
and 9-2. Here was a case where exacta boxing my
top 3 picks would result in one combination, 1-3,
paying $17.00, which was less than my $24
minimum.
In a case like this, rather than construct
a box exacta of 1-3-6, since I favored my top
choice quite a bit I would construct this wager,
using only the top 2 in the win slot: 1-3 / 1-3-6
or 1-3 / 1-3-6-10. Then I would put more on the
1 / 3-6-10 and finally an additional wager on 1-3.
Trifecta plays were similar; 1-3 / 1-3-6 / 1-3-6-10,
1-3 / 1-3 / 6-10, 1 / 3-6-10 / 3-6-10.
Why did I focus so much on the 1-horse?
Because he was the favorite? No. It was because
I thought he had a real strong shot at the win.
Not only did he have the best last-out final
fraction, but he had an early presence advantage
and also the advantage of having the red-hot
Jerry Bailey on his back. The results were that
he nipped Willowick Lad by a neck, who was 1 3/4
ahead of Mutawwaj for the place, who was 3/4 in
front of Cardinal Verse for the show.
Believe it or not, I had written down on my
Racing Form the precise order of finish, all
derived by calculating the final fractions of
each horse. While the exacta paid only $17.00,
the trifecta came back a respectable $120.00.
Situation B in race 9 was completely
different. This again was a turf race so
stressing final fractions was the way to come up
with contenders. In this race, however, in spite
of having JB aboard again, the favorite didn't
have such an apparent edge. In her recent turf
race, #8 Light The Lamp did tie for the best
final fraction of 24.2, but that was before her
last race that was taken off the turf, and that
effort was a real clunker. She had to be
considered a top 3 contender, but was not as
strong of a choice as Antitrust was in the race
before.
The other final fraction advantage horses
were #10 Cloe Pond, also a 24.2 in her 2nd race
back, #12 Precedence, 25.0 in her last outing,
and #5 Shot Berry, 25.0 in her 2nd back, her
last also having been an off-the-turfer. In this
field of 10, 2 were coming back off long layoffs
and 2 had never run on the grass. The 4
mentioned horses were in my mind the only 4
contenders I could possibly come up with.
But look at the respective post time odds for
situation B: 2-1, 7-1, 63-1, and 7-2. Do you see
the difference in odds with my top 3 in this
race versus the last? In a case like this, in
which among my top 4 horses there are odds of 7-1
and 63-1, I can see the immediate need for a
4-horse box exacta and/or trifecta. If one were
to begin by making both of those bets, it would
cost $12 for a $1 4-horse exacta box and $24 for
a $1 4-horse trifecta box. That's a quick total
of $36 so you have to be selective about the
races in which you use the 4-horse box exotic
play or plays.
The 2 key reasons for boxing all 4 in this
case are that the 2-1 favorite is somewhat
vulnerable off her last off-the-turf debacle and
also that one of my contenders was 63-1. Horses
with those odds don't often hit the board, but
when we consider such a longshot as playable, I
think we should play them as contenders, not look
at them as what John Q. Public considers to be
wild longshots with no chance.
Daily Double plays would be 1-3 / 5-8-10-12 and
1-3-6-10 / 8-10. These 2 back-to-back examples of
similar turf route races are dramatic examples of
2 distinct betting opportunities. There was the
necessary edge in both as well as potential value
in both, especially in race 9. And the wagering
approach to each situation was completely
different. With the possibility of a 7-1 or 63-1
shot being in the money, the box wager was
prudent in race 9, while it clearly was not in
race 8.
Race 9 was won by #10 Cloe Pond, a head over
longshot #12 Precedence, who was a head in front
of #8 Light The Lamp. 3 of the 4 final fraction
contenders hit the line together with the 2
longest prevailing over the favorite.
Cloe Pond paid $16.60 and completed the D/D
of $63.00. The 10-12 ex. paid $398.00 and the
10-12-8 tri. paid $2,622.00. The astounding
reality is that final fractions comparison
clearly brought out the results of both of these
races. It was then up to us to make the correct
wagers and hopefully this whole exercise has
helped to make that process easier the next time
you are facing a value situation and need to know
how to bet it.
In last Saturday's newsletter, I had the
following picks listed for race 2 at Saratoga:
4-6-1-2-12. Here were the odds of my top 4 picks
in the same order: 6-1, 10-1, 10-1, and 7-1.
This is another clear example of Situation B.
With odds like these, the immediate decision
might be to box the top 4 horses in an ex.
and/or tri. wager. Again, the cost to do this
for a $1.00 play is $12 for the ex. and $24 for
the tri.
Using the situation B wagering strategy of
boxing the top 4 horses would have yielded half
of the payoffs of the 2-6 ex. of $145.50 and the
2-6-1 tri. of $1,368.00. Add to this the results
of boxing the 3 picks in race 4 on Sunday (I had
only 3 picks listed), which I will talk about
and review shortly, and we have 2 good winning
payoffs as examples of the Situation B wager.
Since there were only 3 selections in Sunday's
race 4, The $12 cost for a $2 ex.bx. and also a
$2 tri.bx. is the same as a $1 4-horse ex.bx.
The profits from these 2 listed races, using
this strategy were: half of $145.50 and $1,368.00
plus $333.50 or $1,090.25 and a net profit of
$1,030.25. Add to this the payoffs of Monday's
finale and you have one such juicy payoff for
each of 3 straight days and a nice addition to
the bankroll, regardless of the fact that a few
other such plays went down during that period.
* * * * * * * * * * * * * * * * * * * * * * * * * *
As most of you know, in last Sunday's
selections issue of this newsletter, I listed a
pretty nice top-rated winner and exacta in race 4
at Saratoga. I had my selections listed as 7-1-3
and the results were 7 ($45.40) - 3 ($333.50). I
received a lot of mail about these payoffs and
I'm always glad to hear of others cashing in on
my picks. I have a hunch there will be more good
than bad in upcoming weeks as I've tweaked my
selections process somewhat, hopefully for the
better.
It's particularly gratifying to hear from
professional or semi-professional players who
think enough of my picks to play some of them.
Zim wrote me saying that he cashed in on #7 Co
Burn by playing $20 across the board. And Jim
Mahon wrote the following email detailing his
successful wagers on this race. Jim happens to
possess the gift of good wagering. Maybe in the
near future he'll share any insights on that
important aspect of this game and if so I'll pass
them on in this forum. Here's what he wrote:
Sunday, Saratoga, 4th Race - MSW - It's show
time! Yes, it was sweet. Profile/Wide Out play
adding blinkers and 1st-time lasix was the key
here. That sharp workout on 8/23 was probably
with blinkers on.
I hesitated at first, thinking Co Burn was a
quitter, but with all of the aforementioned facts
together he was worth a bet at 21-1. Kris B
completed the exacta for $334.00. I was one of
the lucky ones who hit the trifecta. Crafty
Runner - ML 15-1 - was being bet down almost 50%
to 8-1. Somebody knew something - that "crafty"
Serey.
I use BRIS Ultimate PP's with comments and
summary. They indicated Crafty Prospector/Mr.
Prospector wins at 17% for 1st-time starters.
The colt's workouts since July 24th were
excellent. Serey the trainer has a 16% ITM with
1X starters. Teator, the jock and Serey have an
incredible 26% win rate and 52% ITM as a team.
Yes, if you knew all of this (I give credit to
BRIS) Crafty was worth inclusion in the 3rd slot
of the trifecta. I had 6 horses in the 3rd slot
and he was one of them.
The tri. paid $3786. It was also possible to
single "Shop Here" in the 6th race, a deserving
favorite (won for fun by 4 lengths) with
Impeachable, TNT Red and Silken in the 5th and of
course our hero Co Burn, Vision and Kris B in the
4th and hit the pick 3, which paid $413.00.
I made a profit of approximately $5700. If
it was not for Jim Lehane's "Profile/Wide Out"
play, none of this would have happened. BRIS
helped me hit the tri. Thanks Jim, for without
your book, "Calibration Handicapping" this day
would not have been so profitable. Take care and
see you at the "IRS" window.
Jim Mahon
I included this email from Jim not only as a
plug for my book, but to demonstrate the midset
of a good bettor. Not only does he have a
handicapping arsenal, which does include my book,
but he goes through a wagering thought process
similar to the one I've described today. He saw
a longshot with potential and then constructed
wagers, which included pick 3, exacta and
trifecta, using a number of contenders, including
6 in the 3rd slot of trifectas.
Did he wager a bit more on this race than
many players can afford? I'm sure the answer is
yes. But if you think about it, he probably got
the required bankroll to step out a little on
this race from previous successful wagers at much
reduced amounts. He will lose many such wagers,
but by focusing on value plays like this one,
when the payoffs occur, they more than make up
for the losing ventures.
* * * * * * * * * * * * * * * * * * * * * * * * * *
I'll use this race, the 4th from 8/27/00
I've been talking about as my review race for this
week. If you would like to follow along, you
can view and/or print the Daily Racing Form
past performances by logging onto my website Here.
This was a 6F sprint for a field of 11
Maiden Special Weights, 3-years-old and upward.
As per usual, I'll list the entries and then
list the running styles I've labeled each,
followed by the last-out Beyer speed figures,
the last-out final fractions (raw/actual) and
any last-out "moves-within-a-race".
1. Vision E 83 25.1 / 25.1
2. Crafty Runner 1st-time starter
3. Kris B P 74 24.3 / 25.0
4. Time For A Dream P 64 25.1 / 25.2 Prof
5. G' Morning Govenor EP 80 24.3 / 25.3 Prof
6. Scouting Report P 69 25.1 / 25.2 Prof/WO
7. Co Burn EP 71 25.1 / 25.1 Prof/WO
8. Straight A EP 75 24.3 / 25.1
9. Remembered P 65 25.0 / 25.3
10. Sunday Triumph 1st-time starter
11. Ashbury 1st-time starter
If you look carefully at these entries,
you'll see that in the 37 past performance lines
listed for races at 5 1/2 furlongs or more, not
one shows a gain from the pace call to the
finish. This was not a bunch of good closers.
Therefore I made the comment that this race was
about speed.
What I meant by that is that with this pace
shape and with the lack of any confirmed closers
who sit back in mid-pack and unleash their late
run, early presence seemed to be the key. But
there were a number of such horses in here. What
ultimately led me to my 3 picks was
"moves-within-a-race" , key equipment change and
"speed of the speed." While the speed completely
collapsed and suddenly a few of these non-closers
learned how to rally, I was pretty much correct
in my assessment.
Here was my thinking about this group.
1. Vision - I had to make him a top-3 contender
because of his early speed capabilities. I
thought he may have a clear lead at the top of
the stretch and be a real threat down the lane.
Richare Migliore, who I'm finding really believes
in pushing hard early (as per his Jim Dandy ride
on Albert The Great, for which he was dismissed
from the mount for the Travers), decided that a
21.4 first quarter battle was appropriate. So
much for the "speed of the speed."
2. Crafty Runner - 1st-time Serey runner with
lasix and a 59.3 work. I saw all of this but
with a number of others that had run, threw him
out of my short list. The Jockey/Trainer stats
that Jim mentioned turned out to be key.
3. Kris B - was a good-looking Wide Out play
2-back and stumbled at the start of his last.
With his 25 flat final fraction, I thought he was
a definite top 3 contender in this match up.
4. Time For A Dream - a Profile play, but looked
like might get cooked by Vision if he went out
like he did in his last, which also featured a
10-length collapse in the final furlong.
5. G' Morning Govenor - a near-Profile Play
bringing more speed to the mix. In his 2nd race
this year, his last, he ran a lifetime best and a
"bounce" looked like a distinct possibility.
6. Scouting Report - a Profile/Wide Out play who
ran quite similarly in his last to the winner, #7
Co Burn. I spent a lot of time deciding whether
or not to include this horse. I finally felt I
should leave him out due to having flashed pretty
sharp early speed in his only race since January.
I felt he may need another race off that effort,
though I wouldn't argue with anyone who used him.
7. Co Burn - A Profile/Wide Out play who, like
some others in here flashed good early speed on a
closer's-biased surface on August 5th. One key
was that he (as well as the aforementioned horse
to his inside) did it while 3-wide. His 2nd-best
final fraction status and the fact that he was
cutting back to 6F with the addition of lasix and
blinkers made him my top choice. When I
handicapped this race, as I always do, it was
without knowledge of the morning line odds.
I made him my top choice and then found that the
M/L was 20-1. This is an example of how we
should not back off from a horse we think has a
good shot simply because the morning line
oddsmaker doesn't see it that way. The public
will usually side with the oddsmaker and help
keep such a play an overlay.
8. Straight A - yet another that would pretty
much insure quick early fractions. His only race
was pretty good, but again, one might think he
could need another race before firing his best
shot.
9. Remembered - had not run since February and in
his only 2 outings showed little. He was made
the favorite because he ran with Milwaukee Brew
and Trippi in those 2 starts. But that was 6
months prior and he was not real close to either
of those future stars when he ran against them.
10. Sunday Triumph - first timer with some good
works and the Chavez/Bond combo. I had to take a
stand against from the 10-hole.
11. Ashbury - ditto.
After all the smoke had cleared and the race
was official, the best last-out final fraction
horse Kris B had missed by a nose to Co Burn, who
was tied for 2nd-best final fraction and had made
a telling "move-within-a-race." This was a case
of a bunch of horses who had not shown that they
have what it takes to win a race, but it happened
to be a real good example of how my 3-step
process does indeed work enough of the time to
keep ahead of this game. It was a furious
calvalry charge in the final furlong, but in
spite of being bumped at the start forcing a
slower-than-usual beginning and a 4-wide trip, Co
Burn had the derived energy from his last-out
"move" to get the nod.
Here were my listed selections with morning
line odds, my value line odds, and the final
odds.
7. Co Burn (20-1) (6-1) (21-1)
1. Vision (3-1) (2-1) (7-2)
3. Kris B (6-1) (3-1) (8-1)
As can be seen, the top 2 finishers were
overlays and my 2nd choice was an underlay. Here
were the payoffs.
1st - 7. Co Burn - $45.40
2nd - 3. Kris B - 7-3 ex. $333.50
3rd - 2. Crafty Runner - 7-3-2 tri. (Guru TBC) $3,786.00.
Until next week, I wish you clear skies and
fast tracks.
Knock 'em dead!
Jim
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