JC / Railbird

Betting

Niche Work

Dave Hill spends Kentucky Derby weekend with Las Vegas horseplayer Alan Denkenson and things take a poignant turn when the bets don’t come in:

“I’ve been having a bad year. I’m starting to entertain the possibility that I could really go broke,” Dink says, without a hint of sentimentality. “Then again, if I don’t go broke there’s a 50 percent chance that I’m going to turn 75 and be making $4 bets in the sportsbook like these other guys. I mean what else am I going to do? Waz can go into stocks, into finance. I can’t do anything else. I’m 62 years old and this is all I know.”

Spot Players

Indulto on how his racing buddies bet now:

The difference is that my friends play five to 10 days a year compared to my 50 to 100. These days they’re into the entertainment and social aspect of the game with perhaps a slim possibility of making a score, even more than in staying in the black.

… they only participate when the best face the best.

They have expressed no interest in the majority of races they perceive to be less reliable; the contestants too frequently over-medicated to the detriment of horse, rider or bettor.

Sounds familiar to me, because it’s the way my own wagering shifted before I stopped betting entirely last December (for reasons that had to do with all the issues that might be lumped together as animal welfare).

Wise Dan’s Return

The Horse of the Year is set to make his first start of 2014 today, and:

“If he is going to be vulnerable, this is it because the others that are in there have been running,” [trainer Charlie] LoPresti said.

True, but he’s also a returning champion. The odds are good that he’ll win. In 2010, I found that returning champions beat the winning favorites average by a significant margin when they made their first starts of a new season.

The stats for returning champions are now updated through 2012: You can view the numbers and complete spreadsheet via Raceday 360. There are a couple of changes in this year’s version: I restricted the data to only starts made in North American races with wagering (horses who returned in non-wagering exhibition races and foreign races were excluded, as were steeplechase champions). I also broke out the numbers by division and decade this year, as well as by class, which revealed a few interesting tidbits.

One thing I left out of the R360 post, but wanted to make note of, is that all champions, not only the favored, won or finished in the money in 186 out of 228 races (or 82% of starts). Be sure to include them in your exotics.

The original data, including all champions named from 1971-2012, and not only those who returned to race, can be downloaded as an Excel file.

4/12/14 Update: And Wise Dan wins the Maker’s 46 Mile by three-quarters of a length over Kaigun. Here’s the returning Horse of the Year chart, updated:

That brings the returning HOTY record to 18 wins from 23 starts (18 wins from 22 favored), for a total payout of $49.10 on $46 bet.

Breeders’ Cup Favorites

From Jeff Scott’s Breeders’ Cup tidbits:

Favorites won 32 percent (38-120) of races in the sample, a figure comparable to the record of racing favorites in general. The fact that BC fields are considerably larger than average may make the 32 percent strike rate higher than expected.

Favorites have had mixed success finishing in the money in the recent years. In 2012, favorites finished in the top three in five of six races on Friday, six of nine on Saturday. In 2011, three of six on Friday, four of nine on Saturday. In 2010, four of six on Friday, four of eight on Saturday.

10/26/13 Addendum: Breeders’ Cup contenders, by the numbers. “There are 121 group or graded stakes winners in the entries, including 71 winners of Group 1 or Grade 1 races.” And 74 of the 172 pre-entries won their last starts.

Pletcher Baby ROI

Everyone knows that trainer Todd Pletcher is dominant is Saratoga juvenile races, but he’s profitable, too, in certain scenarios: His five-year win stat for first-time starters in dirt sprint maiden special weights is 32%, with an ROI of $2.57. In the same conditions, restricted to state-breds, he’s 46%, with an ROI of $3.25. “Perhaps the time to take down a Pletcher juvenile firster is in maiden special weight turf routes,” writes Dan Illman, who pulled the preceding numbers from DRF Formulator. Good luck getting a big price in any circumstance, though: The longest juvenile shot Pletcher has won at Saratoga with in the past five years is Interactif, in the 2009 With Anticipation. He was 16-1 at post time. The only other Pletcher winner with double-digit odds was Lawn Man, in a 2012 six-furlong MSW. He was 10-1 going into the gate.

How Things Change

Jeremy Plonk has a realization re: how betting is changing at Woodbine:

It reminds me a lot of playing online through Xpressbet and other ADW outlets. We trust ourselves and trust the technology every single day we play. We just don’t typically do it at the racetrack, because we’re often too stuck on tradition to realize how society has changed.

Journalism changes, too: Steven Crist on 35 years at Saratoga.

The Third Classic

Orb is confirmed for the Belmont Stakes after a sharp work in company at Belmont on Sunday, joining Oxbow and what might be as many as many as 13 other starters in the final leg of the Triple Crown — neither the Kentucky Derby nor the Preakness winner is scaring anyone away. Of the two, history suggests Oxbow is more likely to win — in the 21 times that the Derby and Preakness winners have met again in the Belmont, the Preakness winner has come out on top nine times, the Derby winner five, and the last time that happened was in 1984, when Swale redeemed himself after a historically bad Preakness loss (one that’s only been matched by Orb). Derby-Preakness winner exactas aren’t too common either, as Steven Crist points out in his discussion of Derby-Preakness winner rematches:

Only twice [since 1973] have the winners of the first two legs accounted for the Belmont exacta: Tabasco Cat-Go For Gin in 1994 (that exacta paid $19.20), and Hansel-Strike the Gold ($39.20) in 1991.

In recent years, the Belmont has been a rewarding race for longshot players, with bombs galore. The upcoming edition promises to keep the payouts up.

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