Posts Tagged ‘horse racing’

Sports gambling is a popular pursuit because everyone understands the basics of how teams win and lose and why. Horses, meanwhile, are an entirely different animal”no pun intended. It is a complex discipline unto itself, and a sound background in handicapping sports doesn’t insure success, or even mediocrity in handicapping the ponies. In fact, the history of sports betting is replete with successful gamblers that had a weakness for horse betting, with an emphasis on the word weakness. Most notable, perhaps, is the former resident handicapper at CBS, Jimmy The Greek Snyder. The story goes that The Greek was a first rate sports handicapper, but he couldn’t pick the winner of a one horse race when playing the ponies. The bad news for The Greek is that he enjoyed playing the ponies nonetheless, and often frittered away the money he won at the other end of the sportsbook.

The information below is the bare bones basics of what you need to know to enjoy a day at the horse track. If you’re interested in becoming a serious horse handicapper, you’re best advice to start with one of the countless books or DVDs that deal specifically with the discipline.

Do your reading: When you arrive at the horse track you should purchase a copy of the Daily Racing Form (DRF for short) and the track program. The DRF is basically the ‘bible’ of horse race handicapping, and offers morning line odds, horse, trainer, jockey statistics and information on each race at every major track across the country. The track program offers similar information for that individual venue, often in more ‘user friendly’ form.

You’re not playing against the house: One thing to keep in mind when playing the horses that is drastically different from sports betting is that you’re not playing against ‘the house’, you’re playing against other betters. The track just accepts and pays bets, taking out a cut (called the ‘takeout’) for their services. The track odds are determined by the money bet on each horse. Long odds on a horse doesn’t necessarily indicate a ‘bad horse’ but just one that for whatever reason isn’t attracting bettor interest.

So where do odds in the newspaper or program originate? These are known as the ‘morning odds’ or ‘morning line’ and is basically an educated guess as to where the betting will go. They can be helpful as a handicapping tool, but may or may not reflect what will happen in the actual betting.

Horse handicapping basics: This is where horse racing gets complex–there are countless theories about how to handicap a horse race. Some handicappers consider the breeding lineage of the horse, while others are more concerned with past performance. Still others put more weight on the training a horse has received, or its workout performance.

Once a bettor reaches a conclusion about what he thinks will happen in a given race, it is still subject to the odds that are available when betting. This is similar to sports gambling, where an underdog may be more attractive due to an excessively high payback potential than he would ordinary, or, conversely, a clear favorite becomes an unattractive wagering proposition due to a prohibitively high price. Its all a matter of the math”if I could speak to the teenagers of America, Id try to impress upon them the importance of doing well in math for no other reason than its importance in all forms of gambling.

Training and bloodlines: Handicappers often focus on a horse’s breeding lineage, considering the quality of the bloodlines and the racing pedigree of his parents and grandparents. Others put great focus on a horse’s trainers. An ‘A-list’ trainer can often get the most out of a horse much in the same way an elite level NFL coach can cause a team to ‘over perform’.

The horse’s jockey: Jockeys are free agents, meaning that they get paid on their performance. In theory, this means that they’ll do their utmost to win in every given race. While there are a few exceptions, many serious horse handicappers downplay the importance of the jockey. Assuming the horse’s ‘mount’ is competent, there are much more salient factors to consider when handicapping a race than the jockey.

Dedication and Discipline: There’s not a set formula for successful horse handicapping, so try different things and find what works for you. And, as always, don’t go overboard with the money you wager and particularly until you get a feel for what you’re doing. If you’re interested in learning more, check out the Daily Racing Form website.

Ross Everett is a freelance sports writer who has written on sports betting and how to successfully bet on NFL football. He has appeared as a guest on TV and radio talking about boxing, cricket and NFL pointspreads. He lives in Las Vegas, Nevada with three Jack Russell Terriers and a lynx.

Seattle Slew died on May 7, 2002 at the age of 28. One of only 11 winners of horse racing’s prestigious ‘Triple Crown’ he is by default considered among the all time greats in thoroughbred racing. Of the eleven horses to win the Triple Crown, he is the only one to do so with an undefeated record. He was also notable due to his humble beginnings, and is the only Triple Crown winner to have been purchased at public auction. He retired to stud in 1978 and sired over 100 stakes race winners including 1984 Kentucky Derby champion, Swale. Slew’s offspring have earned a combined $76 million dollars at the race track. Slew wasn’t the most majestic looking creature by the lofty standards of race horses, but was possessed with the heart, toughness and courage of a professional prizefighter.

The Seattle Slew story began very modestly at a public auction in Lexington, Kentucky. The Keeneland Summer Yearling sale wasn’t supposed to be the marketplace of champions, and the idea that this particular horse would ever amount to anything other than a farmhand was downright laughable. Slew looked clumsy, due primarily to a right forefoot that splayed outward and resulting in a shuffling gait at a trot. He also wasn’t a majestic beast like his predecessor by a few years, Secretariat. Slew was borderline ugly. So ungainly a creature was he that he was given the less than inspiring nickname “Baby Huey” by the Keeneland staff. He was purchased by two couples (Karen and Mickey Taylor and Jim and Sally Hill) for $17,500. What wasn’t apparent at the yearling sale was the intangibles that make up a championship thoroughbred–poise under pressure, love of competition, toughness, heart and desire. The Taylor’s and Hill’s had stumbled onto an equine Tiger Woods or Michael Jordan who’s competitive fire quickly became apparent to the trainers that worked with him and the jockeys that rode him. His first race came at Belmont in 1976, and the three races he entered–and won–as a 2 year old gave a hint of what was to come.

Slew became the Kentucky Derby favorite by winning his three prep races as a three year old, including prestigious Wood Memorial. In the Derby, Slew got off to a terrible start as he stumbled from the gate much like War Emblem did in the 2002 Belmont. Unlike 2002’s Triple Crown contender, however, Slew was able to recover from that miscue and basically force his way through a pack of other horses to position himself at the front of the field at the quarter mile pole. Slew would win the Derby by a length and 3 quarters. He took another tough victory at the Preakness before clinching the Triple Crown with a 4 length victory in the Belmont Stakes.

Slew ran in a few races as a 4 year old but in the pre-Breeders’ Cup days there wasn’t as many opportunities for an older horse. He retired to stud in 1978, where he sired champions such as the aforementioned Swale and 1992 Belmont Champ AP Indy.

Slew was in someways overshadowed during his prime by his predecessor–and arguably the greatest thoroughbred race horse in history–1973 Triple Crown winner Secretariat. In hindsight, however, it has finally been noted what an exceptional horse he really was. Jockey Angel Cordero, who rode Slew during the twilight of his career noted “If I had a chance to take any horse in the world, if someone said your life is depending on riding one horse to win, I would take (Slew). I rode 44,000 horses, but he was special, he was different. He was muscled, like a wrestler. He ran different than any other horse. It was like he came from another planet.”

After his death in 2002, Slew was buried at Hill ‘n’ Dale Farm in Lexington, Kentucky under a statue in his image.

Ross Everett is a staff handicapper for a number of offshore sports books and an authority on horse race betting . He’s a well known and widely published expert sports handicapping theory, as well as stock market investing. He contributes to a number of online media outlets providing insight on how to bet on NFL football, MMA and boxing.