Re: Today's Plays/Races and Summer End (576 Views)
Posted by:
jimbo66 (IP Logged)
Date: September 07, 2004 02:28PM
JB,
I measured the ROI as follows: I assigned a dollar amount investment for each race. If the race was a B+ or A-, I doubled that value. I didn't differentiate between A- and B+. I also did not account for your "odds allowances". To be honest, I found them to be one of the single most annoying parts of the analysis. The odds laid out were often not near the actual post time odds. I know that predicting odds is very difficult and not a science, but I think your handicappers could imnprove in this area. Laying out a "B+" bet for a horse at 5-1, who has string figures and is the 3-1 ML favorite, is unrealistic. So, I counted the race whether your odds were met or not and I did not upgrade or downgrade based on final post time odds. Perhaps this is the correct way to do it, but I have only so many hours I can dedicate to a "hobby". If you laid out an exacta and win bet strategy, I allocated half of the amount to each bet. If you also allocated an additional "multi-race" bet, I counted that as a separate and additional betting unit. Maybe you would do it differently, but I had to come up with some kind of rules and be consistent, to achieve any kind of results.
I know you thought the winner was "usable" in exotics in the PA Derby. And I have no "beef" with Pies Prospect at 13-1. If you look at my post BEFORE the race, I did not like Snookie's Boy. And at 7-2, he was an absolute throwout in my book (before the race). I boxed five horses as well in the race, the first two finishers, with Master David, Pies Prospect and the other Zito. I didn't like the Dutrow, but threw him in because he had a big number (and I followed your lead on the analysis product). He was probably my 5th.
I did not use the Haskell in the ROI. I used all of the Saratoga cards + 15 Delmar cards. I admit, inclusion of the Delmar was less scientific, only those I bought.
I have to disagree with your point about relative sample size. One race is too small. One racing day is small. One racing week is pretty small. But the entire summer of the #1 racing meet in the US is a decent sample, especially when you have professed numerous times on this board that Saratoga is a place where you do well.
Interesting that you estimate a -10% ROI on your analysis product. The customer is paying $25 for this premium product. I respect your honesty though.
I just don't get your resistance to pace as a handicapping tool. Loose on the lead speed, loping along uncontested, is dangerous. It happens every day and at every level. It wouldn't have taken a super hot pace to beat the Dutrow or at least make the race competitive. (IMO)
JB, I gave a lot of thought to the possibility of superior analysis on Stakes races as opposed to normal racing cards. To that end, I enterprised to look at the past two years of ROTW. To my dismay, it was not possible to do this effectively and I suspect you know why. HAve you ever read Nostradamus? If you have, then you will know what I mean. It is true that many of his prophecies have been interpreted to be true. However, the prophecies were so vague and sometimes inconclusive, they could be interpreted many ways. Now, I am exaggerating here (and trying to be a bit humorous), but the fact is that the ROTW is a discussion of the horses. "Contender". "Strong Contender". "Marginal contender". And such. No definitive "plays" or way to bet the race. I could go back in time and reread the ROTW's and craft a play around your comments, but that becomes a self fulfilling prophecy in many cases. I will agree that some of the ROTW's are definitive, like the Haskell. But many are just discussions and a "teaching tool". The analysis product, with its definitive conclusions and clear betting strategy for each race, was much easier to use and more concrete, in my opinion.
I don't question your record in buying and managing race horses. However, I am guessing that most of your customers are like me, that is gamblers and not owners. So, your ability to manage horses doesn't help me, I am only concerned with good racing figures (in the context of the T-Graph product and Thoro-Quick) and good handicapping (in the context of the Analysis product).
I like the website. I like the forum here. I like the discussion. It is all good for racing. However, when it comes down to it, people will buy your product if you produce winners. I know you know that. And I am sure we got your best effort to achieve that. It just didn't happen this summer at Saratoga.