

As good a strategy as any, but not really investing
Easy ReadingThe book tells you how to figure out the speed, endurance and stamina of a horse to see if he has what it takes to be up at the front when the finish line comes rolling around. I have to say that even if you don't believe what he is selling, and even if you don't follow all his little rules, the major tips he gives you in this book will definitely help out the novice handicapper and make a day at the racetrack much more fun. I mean why not, winning money is more fun than losing money. Right?
My average was on $20.00 bets. I made $70.00 per day per track bet. My worst day I lost $80.00. My best day I made $700.00
Good Luck
Can playing the ponies be viewed as an investment strategy?Readers new to racing will gain valuable insights into the science and art of the sport, while experienced bettors will appreciate the fresh perspective on the "accepted" methods of rating horses and their past performances.
The methods detailed in the first half of the book are explained in easy-to-follow detail, supplimented by charts reprinted from various regional editions of the bible of the racing industry, the "Daily Racing Form." While the examples and calculations are explained in easy-to-understand terms, Scott never talks down to his audience -- even the experienced horseman won't be bored. The last half of the book, which shows Scott's methods in use in each race over a typical week at Belmont, serves to cement the lessons learned.
Experienced handicappers may shudder at some of Scott's play-it-safe suggestions, and businesspeople with their 401(k) statements may roll their eyes at the idea of blowing money on the ponies, but both should put "Investing at the Racetrack" to the test. After all... it's only money...


A very good book for the beginner.

Completely changed my approach to handicapping.

Strips beyer figures down to the basicsVery good treatment of bounces and form cycles. The statistical studies in the book are worth the price alone.
Anyone who has read Beyer on Speed should also read this!


Colorful anecdotes and valuable advice from an insider

The Old School Fundamentals
excellent
Thoroughbred Racing 101

WASTE of money. you learn nothing from it!!!!
This book should definitely improve your handicapping.
An absolute "must" for anyone serious about horse racing

A lot of work for little return
Nothing New
Great book for beginners

There are good books . . .
Where's The Beef?
Simple basic idea on money management

We've seen it all before.Handicapping books can be divided into two basic types: those that rely on solid information and those that rely on more nebulous information. 99.9% of the latter (I know if I say 'all,' someone will publish one that actually works) are complete and utter bunk. The majority of the 'nebulous information' books rely on one source of information: 'smart money.'
The concept of 'smart money' is that a horse's owner, trainer, and jockey have a better idea than most handicappers about how the horse will run. The obvious logical fallacy should be apparent: the so-called 'smart money' may know everything there is to know about their horse in the race, but are likely to know just as much as the next guy about every other horse in the race.
Mr. Trifecta is just this kind of insider-money book, taking an old system (looking for horses who have more money bet on them in the daily double pool than the win pool and assuming that's 'smart money') and applying it with a new angle (Cromie uses the pick three pool instead of the daily double pool). But it's nothing we haven't seen before, and while it's not the quickest road to the poorhouse, you're far better off with books from the former camp by authors like Tom Ainslie, Dick Mitchell, Jim Quinn, William Quirin, Mark Cramer, and the like. **, because it's short, to the point, and contains some good tall tales about track life.
Very easy to read, but are the assumptions valid?I cannot give you a definite answer as there is no pick three odds like this in Hong Kong. However, I can imagine the author has made three major assumptions in his system as follows:-
1. Smart money tends to go to pick three pool instead of win pool.
2. There is an existence of smart money on win pool that causes the movement between prelimiary odds and morning line odds.
3. Smart money is actually smarter.
I cast doubt on the first 2 assumptions especially majority of the bets come into the pool at the last 5-7 minutes before a race (hence, early odds are not too accurate as smart money has not come in yet). This happens in Hong Kong.
As a serious horse racing "participant", I will recommend you a miss on this book.
MY charity fund
I bought this book back in the late 80s when I went through my gambling phase, trying horseracing and counting cards at blackjack (which btw actually works but you need to bet big money b/c the margin is so slim), among other things. I used to drive 20 minutes to buy the Daily Racing Form, come back to my house and methodically key in the race histories of the horses in that day's races, and this was back in the days of the Apple II computers when there was no Internet. I wrote a spreadsheet program (in Lotus 1-2-3, remember that?) that took the data, applied the formulas and concepts in this book, and spit out what bets I should place on each race.
Well, nowadays the Daily Racing Form has all of its data available for download in spreadsheet format so if you have some decent MS Excel skills, the number crunching process can probably be accomplished quickly in the morning, allowing ample time to get to the track (I haven't actually downloaded the DRF's data, lest I slip back into my gambling phase, which I'm happy has passed).
DID IT WORK FOR ME?
Yes it worked for me. I crunched the numbers, followed the betting rules pretty much to the letter, and overall had a positive outcome over the course of 8 to10 race cards. My rate of return (net winnings/total bets placed) was pretty low, but it was positive. The system itself is very easy to implement if you can automate the data entry and calculation part of it. If you can automate that through DRF Online, the tweaking process afterwards is pretty easy and can be done at the track. Those that can do math in their head quickly and well (and think in fifths and fractions) may actually be able to pick up a DRF at the track early and get the crunching process done in their heads. For everyone else (like me) that can't do that much math in your head (say within the 15-20 minutes between each race), the system is a little overwhelming and the principles can only serve as a guideline then.
WOULD YOU WANT TO IMPLEMENT IT?
Should you be able to "invest" money at the racetrack and expect a certain rate of return? Well, let's examine the traditional investment - stocks. You should expect a positive rate of return from the equity market (over time) because you are lending money to others who take that money and invest it in a productive process that adds value. How about card counting in blackjack? Yes, you should expect a positive return when counting cards in blackjack - the odds are slightly against you without counting cards (and following the "optimal" hit/hold strategy), but altering your betting scheme and hit/hold strategy based on face cards left in the deck has been mathematically proven by IBM mathematicians (and others after them) to allow the player to have the statistical edge on the house (see "The Worlds Greatest Blackjack Book"). So then horseracing? Races are determined by the events primarily within the power of dumb (and I mean that in the biological sense) animals, with intervening events like weather, race fixing/throwing, injury, jockey error, etc. Barring your knowledge of non-public information like a jockey's intent to throw a race, there are no theoretical or mathematical reasons why you should be able to make any money (especially not counting the house fees you are paying) betting on horses. The pari-mutuel system reflects the collective public knowledge of those betting - it's not enough to simply choose the horse that will win (or place/show), you also have to choose the horse with more consistency than your fellow bettors.
BOTTOM LINE: If you want to have more fun at the race track and have a more structured approach toward horse selection and betting, this is a great book. If you are looking for the next best handicapping strategy, please get some help at GA, really.