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Betting Longshots

Submitted by King Boreas aka Ian on
King Boreas aka Ian

I used to handicap every race at Canterbury, and make 'mythical' bets, just to test my systems/picks. I always wanted to be able to share these insights, though in theory, if more people bet them, the payout will be less.

WTF, get ready to learn:

Pro Rated Longshots

A Proven Method for Selecting Longshot Winners

Wed, 04/03/2002 - 11:20 AM Permalink
King Boreas aka Ian

The bettor must be convinced that he/she can win often enough to make backing longshots fun, and worthwhile. He/she must learn through experience that such horses can give a real run for the money, and are not just hopeless longshots which only win through sheer luck.

Pro Rated Longshots was developed for this very purpose-to meet the need for that effective winning approach which concentrates not only on performance factors but also the essential ingredient of price.

What follows will give you a totally new perspective in your effort to beat the races.

Thu, 04/04/2002 - 11:13 AM Permalink
King Boreas aka Ian

Pro Rated Longshots is a handicapping approach to longshot winner-picking. It is designed to select horses, which through a combination of performane and price factors, give you a sufficient edge or overlay to offset the ravages of take and breakage.

Pro Rated Longshots snags winners with almost ridiculous ease; many of its $20, $30, and $50 payoffs are obtained with no more effort than $5 or $10 winners with conventional selection methods.

Thu, 04/04/2002 - 11:21 AM Permalink
King Boreas aka Ian

Pro Rated Longshots is based, very simply, on running position (including finishing positions), or more specifically, the horse's running positions in it's three most recent races.

Pro Rated Longshots seeks horse's which were running first, second, or third in as many calls as possible of the top three races.

The selection process considers four calls or stages in the horse's top three races, and it's Performance Rating is based on the number of points it can earn by running forwardly (1st, 2nd, 3rd) at these various calls.

Thu, 04/04/2002 - 11:39 AM Permalink
King Boreas aka Ian

How can we afford to concentrate solely on running positions and ignore the many other factors used to judge a horse's current capabilities?

Thu, 04/04/2002 - 11:42 AM Permalink
King Boreas aka Ian

Running positions-including the finish-are the end result of all other factors (such as class, form, speed, consistenct, breeding, etc.) A horse cannot be leading, or running close to the leader, at any stage of a race (including the finish) unless it has the current form, inherent class, and speed to cope with it's field.

Thu, 04/04/2002 - 11:47 AM Permalink
King Boreas aka Ian

In order to qualify, a horse must have finished out of the money in it's last race, thereby increasing the likelihood of its going postward at attractive odds.

There is probably no single factor which enhances a horse's post-time odds like an out-of-the-money finish in it's last race. The betting public is all too prone to judge a horse's chances by this one call-ignoring all the other calls-so that it's odds primarily depend on whether it has finished in or out of the money in it's most recent race.

Thu, 04/04/2002 - 11:56 AM Permalink
King Boreas aka Ian

Pro Rated Longshots selects its plays in three steps:

  • Preliminary Eliminations
  • The Performance Rating
  • The Price Factor

    Next, an in-depth look at these three steps.

  • Thu, 04/04/2002 - 12:00 PM Permalink
    King Boreas aka Ian



    Eliminate all horses which:

  • 1. Finished first, second, or third in their last race.
      a. Consider the original finishing position only; ignore disqualifications
      (moving the horse higher or lower, or disqualifications from purse money).
      b. Horses which tie or dead-heat for third are considered to have finished third.
  • 2. Have fewer than three races in their racing careers, as shown by their past-performance records.
  • 3. Do not meet the following Date Factor requirements:
      a. Last race within 30 days, next-to-last race within 60 days, third race back within 90 days.
      b. Maximum interval of 60 days between two successive races in the three race span.
  • Fri, 04/05/2002 - 6:23 PM Permalink
    King Boreas aka Ian


  • Rule 2 eliminates all first-time starters and horses which have raced only once or twice in their lifetimes.
  • Rule 3b limits to 60 days the interval between the last and next-to-last race,
    and between the next-to-last and third race back.

    Having reduced the field to horses which:

  • ran out of the money last start
  • show at least three races in their past performances
  • meet the minimum date rules

    We are ready for the next step.

  • Fri, 04/05/2002 - 6:35 PM Permalink
    King Boreas aka Ian

    This may be a little hard to demonstrate without graphics or tables. I'll have to think about this one.

    If you've read this far, it's really a very simple process. It's important to understand the procedures, but in the end this can be modified to a simple formula, or check-off, which indicates the 'best play'.

    Fri, 04/05/2002 - 6:43 PM Permalink
    King Boreas aka Ian

    Race Selection(s) Type Rank
    1 #2 Don Double D LS II-7
    2 #5 Cafe Momus HC 3
    3 #7 Brennie Hill HC 6
    4 #6 Suminister HC 2
    5 #9 Bleu's Apparition HC 3
    6 #4 Quakers Surprise HC 2
    7 #2 Cassa's Affair LS I-7
    8 #1 Adroitly Superb HC 1
    9 #10 Patrick's Day HC 3
    10 0 * *
    11 0 * *
    12 0 * *


    [Edited 6 times. Most recently by on May 6, 2005 at 04:40am.]

    Fri, 05/06/2005 - 1:01 AM Permalink
    King Boreas aka Ian

    Race Selection(s) Type Rank
    1 #2 Don Double D LS II-7
    2 #5 Cafe Momus HC 3
    3 #7 Brennie Hill HC 6
    4 #6 Suminister HC 2
    5 #9 Bleu's Apparition HC 3
    6 #4 Quakers Surprise HC 2
    7 #2 Cassa's Affair LS I-7
    8 #1 Adroitly Superb HC 1
    9 #10 Patrick's Day HC 3
    10 0 * *
    11 0 * *
    12 0 * *


    [Edited 6 times. Most recently by on May 6, 2005 at 04:40am.]

    Fri, 05/06/2005 - 2:01 AM Permalink
    King Boreas aka Ian

    4th race - Canterbury Park - May 07, 2005

    Off at: 3:14 Race Type: Claiming
      Age Restriction: Three Year Old and Upward
      Sex Restriction: Fillies and Mares
      Value of Race: $5,000
      Distance: Five And One Half Furlongs
      Surface Type: Dirt Track Condition: Fast
      Winning Time: 1:05.39
    Pgm Horse Jockey Win Place Show
    6 Suminister Iram Vargas Diego 49.60 22.40 15.80

    4 Lucky Charleen Michael G. Ziegler 22.40 14.20
    7 Innocent Remark Randy Schacht 8.00
    Also ran: 9 - Fiery Love , 3 - Dancer's Prospect , 8 - Cassie the Martyr , 1 - Such a Foxy Thing , 2 - Trouble N Beantown , 11 - Bonnie Mae , 10 - Seal Bay , 5 - Luby Blue

    Wager Type Winning Numbers Payoff

    $1 Pick 3 6-8-6 (2 correct) 181.20
    $1 Exacta 6-4 213.40
    $1 Superfecta 6-4-ALL-ALL 1,888.00
    $1 Trifecta 6-4-7 6,801.00
    Winning Breeder: Jane De Bruycker
    Winning Owner: Richard Townsend
    Winning Trainer: Richard Townsend

    Sat, 05/07/2005 - 2:33 PM Permalink
    King Boreas aka Ian

    4th race - Canterbury Park - May 07, 2005

    Off at: 3:14 Race Type: Claiming
      Age Restriction: Three Year Old and Upward
      Sex Restriction: Fillies and Mares
      Value of Race: $5,000
      Distance: Five And One Half Furlongs
      Surface Type: Dirt Track Condition: Fast
      Winning Time: 1:05.39
    Pgm Horse Jockey Win Place Show
    6 Suminister Iram Vargas Diego 49.60 22.40 15.80

    4 Lucky Charleen Michael G. Ziegler 22.40 14.20
    7 Innocent Remark Randy Schacht 8.00
    Also ran: 9 - Fiery Love , 3 - Dancer's Prospect , 8 - Cassie the Martyr , 1 - Such a Foxy Thing , 2 - Trouble N Beantown , 11 - Bonnie Mae , 10 - Seal Bay , 5 - Luby Blue

    Wager Type Winning Numbers Payoff

    $1 Pick 3 6-8-6 (2 correct) 181.20
    $1 Exacta 6-4 213.40
    $1 Superfecta 6-4-ALL-ALL 1,888.00
    $1 Trifecta 6-4-7 6,801.00
    Winning Breeder: Jane De Bruycker
    Winning Owner: Richard Townsend
    Winning Trainer: Richard Townsend

    Sat, 05/07/2005 - 3:33 PM Permalink
    KITCH

    Firefighter's wild ride at the races

    Loses ticket, learns it won, bartender finds it

    Emily Bittner and Holly Johnson

    The Arizona Republic
    May. 9, 2005 12:00 AM

    Sipping Bud Light from a plastic cup Sunday, Phoenix firefighter Chris Hertzog clapped his hands and stuck his tongue out in glee.

    Hours earlier, he thought he lost a ticket worth $864,253 for accurately predicting the Kentucky Derby's top four horses.

    He and a lawyer were driving to Turf Paradise Race Course to battle for the money with the owners.
















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    Then the woman who sold him the ticket called. She found it lying beside a register.


    Still, Hertzog's victory dance was for another reason.

    He said his divorce was finalized last week.

    "This ain't changing my life," said the 39-year-old father of three. "I'm going back to the firehouse on Wednesday."

    To celebrate Sunday night he planned to eat with friends - at least a dozen of whom called him in less than 30 minutes - at Richardson's, a central Phoenix restaurant.

    Maybe buy a Rolex GMT to replace one he lost fishing.

    Maybe a Dodge Viper.

    Hertzog's drama started Saturday when he decided to make one of his usual quick picks on a race.

    Hertzog placed 100 $1 bets on Saturday's Kentucky Derby with Brenda Reagan at Turf Paradise. A computer randomly generated the picks. Fifty were trifectas - which name the top three finishing horses, in order - and 50 were superfectas, which select the top four finishers.

    Hertzog put the tickets in his back pocket and had lunch. After the race, he didn't think he won. So he put the tickets on a table and got up to stroll around the track.

    Then everything changed.

    "(Turf Paradise owner) Jerry Simms took me aside and asked me if I had the ticket, and I said no, that it'd been thrown away," Hertzog said. "So he took us down to the mechanical room and we started going through trash cans."


    Track security guards brought in trash from all the areas where Hertzog thought he had been.

    They gave Hertzog and a handful of friends all the time they needed to sift through it.

    Hours after they started Saturday, the men gave up.

    It was a temporary setback.

    After working his regular shift Sunday at Phoenix fire Station 28, Hertzog and his lawyer drove to the track, prepared to argue that Hertzog should get the payout even though he didn't have the ticket.

    State law requires a winner to present the actual ticket to receive the winnings.

    But there was video of Hertzog buying the ticket at the time the computer sold it. The track sold only one winning superfecta ticket. The woman who sold it said Hertzog was the only buyer.

    Meanwhile, Reagan also a bartender at Turf Paradise was working her shift behind the bar. She wasn't looking for Hertzog's ticket.

    By chance, she glanced over and saw it lying beside her ticket machine.

    She wasn't sure at first if it was the winner. She asked customers at her bar which horses were the Derby's top finishers.

    She started waving and shaking.

    First she called her boss. Then Hertzog.

    "Oh my God," said Reagan, a mother of four. "This is it."

    Traditionally, the bettor gives the ticket seller some kind of reward.

    Hertzog said he hasn't decided what to give Reagan.

    "I'll take care of her," he said. "I'll take care of my guys."

    The winnings were the track's biggest payout on a single ticket in memory, Simms said.



    Six other tickets were issued across the nation choosing Giacomo, Closing Argument, Afleet Alex and Don't Get Mad as the winning Thoroughbreds.

    Turf Paradise wrote Hertzog a check for $604,977.50. Hertzog's federal withholding was about $216,063 and his state was $43,213.

    Hertzog asked Kyle Israel, his lawyer (and friend of 15 years, Israel was quick to point out), to show a reporter the check.

    "Do you have the check?" Hertzog said.

    "Yes, sir," Israel answered.

    Aside, Israel said to the reporter, about calling his friend "sir": "There's probably a few choice things I used to call him, but now he definitely gets the nickname upgrade."

    After a long day confronting skeptics, Hertzog was relaxed and personable Sunday night.

    And what of those skeptics, who didn't believe he could have won?

    "Now they do," he laughed.

    Tue, 05/10/2005 - 12:48 PM Permalink
    KITCH

    Firefighter's wild ride at the races

    Loses ticket, learns it won, bartender finds it

    Emily Bittner and Holly Johnson

    The Arizona Republic
    May. 9, 2005 12:00 AM

    Sipping Bud Light from a plastic cup Sunday, Phoenix firefighter Chris Hertzog clapped his hands and stuck his tongue out in glee.

    Hours earlier, he thought he lost a ticket worth $864,253 for accurately predicting the Kentucky Derby's top four horses.

    He and a lawyer were driving to Turf Paradise Race Course to battle for the money with the owners.
















    advertisement

    OAS_AD('BoxAd')



    Then the woman who sold him the ticket called. She found it lying beside a register.


    Still, Hertzog's victory dance was for another reason.

    He said his divorce was finalized last week.

    "This ain't changing my life," said the 39-year-old father of three. "I'm going back to the firehouse on Wednesday."

    To celebrate Sunday night he planned to eat with friends - at least a dozen of whom called him in less than 30 minutes - at Richardson's, a central Phoenix restaurant.

    Maybe buy a Rolex GMT to replace one he lost fishing.

    Maybe a Dodge Viper.

    Hertzog's drama started Saturday when he decided to make one of his usual quick picks on a race.

    Hertzog placed 100 $1 bets on Saturday's Kentucky Derby with Brenda Reagan at Turf Paradise. A computer randomly generated the picks. Fifty were trifectas - which name the top three finishing horses, in order - and 50 were superfectas, which select the top four finishers.

    Hertzog put the tickets in his back pocket and had lunch. After the race, he didn't think he won. So he put the tickets on a table and got up to stroll around the track.

    Then everything changed.

    "(Turf Paradise owner) Jerry Simms took me aside and asked me if I had the ticket, and I said no, that it'd been thrown away," Hertzog said. "So he took us down to the mechanical room and we started going through trash cans."


    Track security guards brought in trash from all the areas where Hertzog thought he had been.

    They gave Hertzog and a handful of friends all the time they needed to sift through it.

    Hours after they started Saturday, the men gave up.

    It was a temporary setback.

    After working his regular shift Sunday at Phoenix fire Station 28, Hertzog and his lawyer drove to the track, prepared to argue that Hertzog should get the payout even though he didn't have the ticket.

    State law requires a winner to present the actual ticket to receive the winnings.

    But there was video of Hertzog buying the ticket at the time the computer sold it. The track sold only one winning superfecta ticket. The woman who sold it said Hertzog was the only buyer.

    Meanwhile, Reagan also a bartender at Turf Paradise was working her shift behind the bar. She wasn't looking for Hertzog's ticket.

    By chance, she glanced over and saw it lying beside her ticket machine.

    She wasn't sure at first if it was the winner. She asked customers at her bar which horses were the Derby's top finishers.

    She started waving and shaking.

    First she called her boss. Then Hertzog.

    "Oh my God," said Reagan, a mother of four. "This is it."

    Traditionally, the bettor gives the ticket seller some kind of reward.

    Hertzog said he hasn't decided what to give Reagan.

    "I'll take care of her," he said. "I'll take care of my guys."

    The winnings were the track's biggest payout on a single ticket in memory, Simms said.



    Six other tickets were issued across the nation choosing Giacomo, Closing Argument, Afleet Alex and Don't Get Mad as the winning Thoroughbreds.

    Turf Paradise wrote Hertzog a check for $604,977.50. Hertzog's federal withholding was about $216,063 and his state was $43,213.

    Hertzog asked Kyle Israel, his lawyer (and friend of 15 years, Israel was quick to point out), to show a reporter the check.

    "Do you have the check?" Hertzog said.

    "Yes, sir," Israel answered.

    Aside, Israel said to the reporter, about calling his friend "sir": "There's probably a few choice things I used to call him, but now he definitely gets the nickname upgrade."

    After a long day confronting skeptics, Hertzog was relaxed and personable Sunday night.

    And what of those skeptics, who didn't believe he could have won?

    "Now they do," he laughed.

    Tue, 05/10/2005 - 1:48 PM Permalink