Pro Bettor James Holzhauer’s Key to Success

“Holzhauer has dominated “Jeopardy!” like no one else since the current version of the television game show had its premiere in 1984. He won again on the episode that aired Wednesday, pushing his total earnings above $1.1 million, second on the all-time list behind the legendary Ken Jennings.”

The NY Times interviewed Holzbauer in the spring of 2019, asking him several questions of how he was so successful on the popular show.

The big key to his success was going aggressive from the opening bell.  He would go right for the $1,000 questions, skipping the lower tier amounts.

As stated in the NY piece, you could make an analogy to sports betting or poker tournaments. There are big advantages to having a lot of chips early on in a poker tournament. Consequently, the bettor can make plays that other people can’t.

Would you describe the traditional way of playing “Jeopardy!” as overly risk-averse?

“I would definitely say it’s too risk-averse,” explained Holzbauer.  “The funny thing is, my strategy actually minimizes the risk of me losing a game. There’s times in a football game where a team goes for a big TD pass. If you don’t take a risk like that, you’re not going to win. Really, the big risk is never trying anything that looks like a big gamble.”

You can read the full Times interview of Holzhauer here.


Handicapping Tip of the Day #54 – Risk Evaluation in Horse Racing

By Art Parker for

In the financial world the “risk-return tradeoff” states that the potential return rises with an increase in risk. Individuals associate low levels of uncertainty with low potential returns, and high levels of uncertainty or risk with high potential returns. According to the risk-return tradeoff, invested money can render higher profits only if the investor will accept a higher possibility of losses.

What exactly is risk? Risk is the likelihood of an adverse event occurring within an identifiable sector, such as the private sector or government sector. Those who are risk analysts often work with forecasting professionals to minimize future negative unforeseen effects.

Profit Risk Evaluation in Horse RacingLet’s look at what happens when you go to the bank for a loan. The bank asks you to complete the application first. Why? This is the primary method by which the bank can analyze you as a risk. If the application looks good the bank orders a credit report, which is a critical way to evaluate you as a risk. If the bank then lends you the money it will tell you the terms, which is primarily the interest rate and other things. If your interest rate is lower than most, it is because you are a good risk.  If it is higher, then you are riskier to do business with. All of this is done so that the lender can expect a certain return with all risks balanced.

As far as horse racing goes, it would be unwise to select a horse in an upcoming race, regardless of the odds, without considering the risks, or what could happen to prevent the horse from entering the “Winner’s Circle.” Once the risks are analyzed it should be easier to grasp what the return should be.

How many times have we seen the lone speed horse miss the start, get squeezed or have early traffic trouble? If that lone speed horse can’t get the lead and no matter what the odds, all is lost. How many times have we seen the closer from hell become a victim of a slow pace or have traffic trouble and just can’t catch the speed?

It reminds me of a friend of mine, a very good player who loved to analyze pace. If he determined a horse was the lone speed in the race he would then look at those in the adjacent post positions. If those runners next to the lone speed have gate problems then the probability of the lone speed could be compromised. That’s very good risk analysis in our game.

In a recent piece I talked about finding the bargain horse, an effort that requires risk analysis in the overall race evaluation. A horse may be a bargain at 7-1, but if the amount of risk is excessive then 7-1 may not be enough.

Handicapping Tip of the Day # 53 – Try to love them before you bet them


It really makes no difference what handicapping method(s) you use to provide answers for who you wager on in horse racing. What’s important is how you use the answers you come up with. If you use a system and your system says bet number five (#5) then it is unwise to go and make the bet without examining the value of your wager.

I had a friend that utilized some sort of pace formula that, by his own admission, won about 30% of the time. I would shake my head at him when he whooped it up when his system horse would win at odds on. I could not get him to understand that you will lose money (even with a nice 30% strike rate) if winning wagers don’t return enough money.

John Templeton, the legendary mutual-fund manager who was a pioneer of international investing and later committed much of his fortune to scientific and religious causes, was known as the “Owl of Wall Street.” He earned a reputation for bargain-minded stock selection that consistently rewarded shareholders in his Templeton Funds family. Templeton’s number one rule was to look for and buy bargains. Learn from your mistakes was another one of his top rules.

If you have ever been to a brokerage firm you have probably seen the board flashing symbols and numbers across. As a stock is traded its most recent price is given. This is really no different than going to the track since the tote board gives you the information to determine what a horse is going for in terms of odds. If you put Templeton’s practice into horse playing the number one rule would be to bet on horses that are better than their odds; in other words look for a bargain.

Some of the best advice I ever received came years ago from one of the best horseplayers I ever knew. He had a great way to explain bargains at the track.  He once said, “If I think a horse should be 2-1 and he is on the board at 5-1, I really like him. If he goes up to 8-1 I really love him.”

Superfecta Strategies for the Kentucky Derby

The goal between now and Derby Day is to figure out how to maximize my coverage and opportunity based on the opinions I will have developed on the 20 Derby entrants.

by Justin Dew

Favorites have won the last five Kentucky Derby. In 2016, the top four betting choices ran 1-2-3-4 in order. As a bettor who likes to use the Derby as an opportunity at a life-changing score (or at least a year-making score), an edition dominated by low odds horses usually means a bad day for me. But that doesn’t have to be the case, and to my credit I feel I have learned from past mistakes.

Take 2004, for example. Smarty Jones and Lion Heart were the top two betting choices in the Kentucky Derby, and they ran 1-2 in order of favoritism. Imperialism finished 3rd at a modest 10-1. But the fourth-place finisher, Limehouse, helped to light up the tote board by contributing to a $41,000 (for $2) superfecta at odds of 41-1. The trifecta only paid $987. So let’s say you liked the two favorites to run 1-2, and then used every horse that was under 20-1 the 3rd spot, with all in 4th. As a $2 play, that’s $380 and a return of over $41,000…..with the two favorites running 1-2 in order!

Easy game, right?

Not so fast. Last year, I liked Always Dreaming as a top win candidate, but wouldn’t have had Battle of Midway or Lookin at Lee even WITH the ALL button (joke). In 2013, Orb was my top pick, and I used runner-up Golden Soul on all tickets, but didn’t match them up with the rest of the superfecta.

Thus, one of my goals for this year is to make sure I am in a position to cash a big ticket if I am right about the most likely winner and also right about a longshot who runs big. And I need to do it economically. But at the same time, how many horses can I confidently eliminate from superfecta consideration? Six? Seven? Can I trim down my selections near the top of the ticket and allow myself to use the ALL button? Do I need to just single my top pick in the 1st spot in lieu of a win bet on him, and then spread heavily underneath?

Maybe I’m looking at something like 1x13x12x11 at a cost of $1,716 (that’s one horse keyed on top over the other 13 in spots 2-4). If one of the seven horses that I eliminate from superfecta consideration runs 4th, then I guess I can just accept the fact that I didn’t deserve to cash. Or maybe the thing to do is play my top two in 1st and demand that one of my top five or six longshots runs somewhere in the 2nd and 3rd spots, with the other logical horses in there as well. So, something like this:

1st: Top two horses
2nd: Top six longshots
3rd: Top seven overall (including the top two)
4th: Top seven plus top six longshots

So that’s 2x6x6x10, for a cost of $720. And then I play it with longshots only in 2nd and 3rd at a cost of $600, followed by using the top seven in 2nd with just the longshots in 3rd for another $720.

So overall, I would spend more on the superfecta that way, but I’d have my top two on top instead of just a single horse. And in exchange for having that extra coverage on top, I must have at least one of my longshots run 2nd or 3rd, with a big payday coming my way if I’m right about the winner and the non-super-contenders, AND I get more than one one my longshots in the 2-4 spots.

With the 1x13x12x11 approach, I could easily envision a scenario where I hit the superfecta but lose money. See: 2016. But with the “demand a longshot” approach, my top pick could win, spots 2-3 could be filled by logical horses, one of my longshots could run 4th, and I lose. Again, that’s the price (in this example) of using two horses on top.

Or…maybe I try this…..

Use my top two in first, trim it down to three longshots, and leverage the ALL button.

1st: Top two horses
2nd: Top three longshots
3rd: Top seven overall
4th: ALL

That would run me $612, plus another $612 when I move the longshots into 3rd and the top seven into 2nd, plus another $510 when I play it this way….

1st: Top two horses
2nd: Top three longshots
3rd: Top six longshots
4th: ALL

The $510 play gives me a big score if my longshots run 2nd and 3rd, with some extra coverage in 3rd.

I am not after bragging rights. And having been very lucky in recent years to cash some very large tickets at the track, I am not excited by the prospect of winning a few thousand dollars on Derby Day. Apologies if anyone doesn’t like the way that sounds. But I don’t want to see another $75,000 superfecta pass me by.  I feel like I need to be willing to spend the money to hit it.

handicappers Dew Justin Rich Nilsen

Justin Dew (Left) and AGOS Founder Rich Nilsen (Right)

The goal between now and Derby Day is to figure out how to maximize my coverage and opportunity based on the opinions I will have developed on the 20 Derby entrants. And I am willing to use all or most of my bankroll to take a swing at that payday. Because if someone guaranteed me I could double my bankroll on the Kentucky Derby, I wouldn’t sign up.

Now, if my Derby bankroll is $2,000, and the horse I like is 12-1, maybe the thing to do is abandon the entire approach that I just spent the last hour writing about and simply bet to win.

I have a lot of thinking to do.

You’ve made it to the betting window at Churchill Downs. Now what?

You’ve made it to the actual betting window at Churchill Downs. Now what? Here are some thoughts and things to keep in mind for novices and very beginning race fans.

Source: You’ve made it to the betting window at Churchill Downs. Now what?

Know When to Choose the “ALL” Button

by Glen S.

“Buying” a race or buying a level in a vertical sequence, such as a trifecta or superfecta wager, can get costly, but if done correctl,y it can pay off huge.

There are a few situations where I believe hitting the “ALL” button is a good idea:

* A vulnerable favorite that you believe will not win but you do not know who will beat him.

* Lots of unknowns, for example several first time starters or most of the horses racing first time on turf or most stretching out for the first time in distance.

* None of the horses able to run to the par figures of the class level. When you know all the horses are slow then it allows anyone to win the race.

* You have a field of eight horses and you feel six or seven of them can win.  It is obvious you do not have a good feeling for the race. My rule is never leave out one horse.  It has happened that one horse [I left out] has beaten me and also that horse is the one that really makes the wager pay.

* Using the all in a trifecta race is good when you have a standout in your mind, especially if  between 3-1 to 5-1. Also if you like the horse and then would need a bunch underneath because the others are all similar types.

* If you have two horses that stand above the rest and the rest are running for 3rd or 4th.  This is a great type of race to use the all in the bottom of the trifectas and supers.

When NOT to hit the “All” button:

* When it is lazy handicapping.

* You’ve run out of time handicapping and simply hit the All in the last leg or a leg you did not look at closely.

* The favorite looks like he has a decent chance to win, but you are simply hoping that he doesn’t.

* If you have a 10-1 or higher horse and you’re using the All underneath for trifectas or supers.  It is much better to bet the horse to win instead of keying in the exotics.

* When each horse you use in the All is costing way to much because you haven’t keyed elsewhere.

Select your situations wisely, and good luck!

Kelzenberg’s Late Pick-4 Analysis for Prairie Meadows Iowa Festival of Racing

by Anthony Kelzenberg, The Flat Bet Prophet

Friday, June 28, 2013

It’s time for the Iowa Festival of Racing! And that means a few good horses running in shorts fields for great money.

Race 6) Saylorville Stakes (Race restricted to Fillies and Mares) – Purse $100k, 6 furlongs

This is a contentious field, with every horse having a chance. Most of the mares know only one way to go – to the lead! As such, I will go with classy midpack-running animal #5 BEAT THE BLUES as my top pick, as she can close off fast fractions. She likes to win too – 10 wins in 24 starts while racing in top company. #4 LIVI MAKENZIE and #3 LULU WONG would both appreciate it if the other horse wasn’t in the race – they are both one-dimensional speed balls. But both are capable of winning. #1 SECOND STREET CITY intrigues me because she’ll be a relatively high price and she’s in great form. I will throw her in my pick 4.

Race 7) Iowa Distaff Stakes (Race restricted to Fillies and Mares) – Purse $100k, 1 1/16 miles

I am lukewarm on #2 FLASHY AMERICAN. Her last race was dynamite, but it took her 18 starts to get through her “two other than” allowance condition. I am going to use her but I would not be surprised to see her defeated. #4 CRUZETTE is the speed of the race and will have to be caught. Her speed figures are good enough to contend and the trainer and jock hit at a 30% rate together. #7 QUEEN LILY KAY’s speed and pace figures also put her in the mix if Flashy American falters.

Race 8) [Feature] Iowa Sprint Handicap – Purse $125k, 6 furlongs

In possibly one the the most significant owner/trainer switches since Seabiscuit (okay, may not that many years), #3 DELAUNAY has turned into a win machine, winning seven stakes in his last eight starts, running huge figures. #2 GENTLEMAN’S BET is nearly as good, showing four wins and a third in five starts. Should be a great race for all the fans who come watch Friday night.

Race 9) Claiming $12,500, 6 furlongs

#1(1a is OK but I much prefer the #1) 8-5 morning line

PICK 4 Ticket: 1,3,4,5 with 2,4,7 with 2,3 with 1,5,8  ($36 cost for a 50 cent base wager)

Always remember to wager within your comfort level.

— Kelzenberg has a B.S. Degree in Engineering from U of Minnesota, M.S. Degree in Engineering from Northwestern University. He has run a Math/Science tutoring business since Sept. 2003

Is Sports Betting a Game of Skill?

Sports bettingFamed Las Vegas gambler Billy Walters shared his opinion on the issue of legalizing both poker and sports betting.

“I used to be a professional poker player,” Walters said, “and, they’re right, if you’re a good poker player, it’s a game of skill. Well, betting sports is much more of a game of skill than poker. I’m living proof that betting sports is a game of skill. I’ve won 37 years in a row. If that’s not a skill, then I don’t know what is.”

“They’ve legalized lotteries, and you can walk into an off-track betting parlor and bet on any horse race in the country,” said Walters. “And why can they do that? Because of the horse lobby; the people who control the horse lobby have a lot of juice; so does the poker lobby, but there is no such thing as a sports betting lobby. I think they’ll get poker approved, and hopefully sports betting will be next. People are doing it, and they’re not going to stop. It just doesn’t make sense.”

Walters believes that the National Football League (NFL) is another big obstacle in the fight for legalization. Read the full interview from Covers earlier this year.

Ten Pitfalls Handicappers Need to Avoid in 2012

With pretty much any problem the first road to recovery is admitting your mistakes. As horseplayers we all made blunders this past year. In fact, I dare say that if we had a dollar for every mistake we made in 2011, we would have enough funds to go after one of those big Southern California carryovers.

 It is never too late to learn from the mistakes we made over the past year and make corrections for future days at the parimutuel windows. In fact, it is vital to our success as horseplayers.

My father, one of the best handicappers I know, often reminded me that horse racing will teach a person to lose better than any other sport or recreation. Wise words, indeed. Anyone who has played the horses long enough understands that this game can be like a roller coaster ride. Your emotions can be riding sky high one moment and, less than 25 minutes later, plummeted to rock bottom.

 Successful horseplayers are able to ride out the low times in order to reach the peak moments. Winning players also recognize their faults and consequently make fewer mistakes than their competition. And who is that? Their fellow horseplayer.

 If you’re not pleased with the results you had in 2011, then check off the following mistakes that you made this past year. Put a star next to the areas you really need to improve on.

1-      You know that you are selecting a high percentage of winners, but your wagering strategies have caused you to lose money on days when you should have won based on your handicapping.

2-      Instead of selecting prime wagering opportunities, you are betting nearly every race you handicap or every race on the card.

3-      You are using the same general information to handicap that the majority of the general public utilizes. If the only thing you are using to handicap is the track program, it is not going to be easy to out-handicap the thousands of others who are using the same program.

4-      You are swayed easily by others’ opinions, lacking conviction in your own selections and analysis. What you hear on TVG or HRTV, for example, influences how you will wager on the upcoming race.

5-      You concentrate most of your wagers on low-percentage wagers, e.g. trifectas, superfectas, Pick-4s, Pick-6s, etc.

6-      You look for the quick fix, such as a hot tip from an insider or some mail order ‘winning’ system.

7-      You blame a losing outcome on shenanigans, instead of searching for the clues that pointed to the rightful winner.

8-      You pay no attention to how the track is playing, ignoring any potential track biases at play. Are you betting closers on a day when early speed is dominating? Are you wagering on running styles that rarely win at that distance and surface?

9-      You wager with scared money, having not set aside a bankroll strictly for horse racing investments.

10-  You lack a plan or strategy for wagering. It is commonplace for you to get online with only a few minutes to post without knowing what wagers you plan to make.

 If you’ve been playing the horses long enough, then chances are you have committed all of the mistakes listed above. Hopefully, you are at a point where you have only committed a few on this list within the past year. The difference between the everyday handicapper and the successful horseplayer is who continues to make the same mistakes and who does not.

 Sit back and ponder which mistakes you have committed and which have really cost you on the bottom line. Consider what steps you need to take in order to avoid these same mistakes in the New Year.

 If you believe that your handicapping is above average, then look at your wagering strategies. Are you swinging for the fences every time, trying to nail the trifecta, instead of cashing a nice win wager or exacta play? Knock your bets down a level. If Pick-3 wagers have been unsuccessful, then concentrate on the Daily Double instead. The inevitable result is that you will cash more tickets and boost your confidence.

 Make a horseplayer’s resolution for the New Year. Correct the mistakes you’ve been making and avoid these pitfalls this season. By doing so, you’ll immediately have an edge over the wagering public. When you minimize the number of mistakes you make on a daily or weekly basis, your confidence will soar and you’ll be winning more often. Isn’t that a resolution worth keeping in 2012?

Interview with 2011 Breeders’ Cup Betting Challenge Winner

Patrick McGoey, a commercial litigation attorney from New Orleans, parlayed a winning $100 entry into the Breeders’ Cup Betting Challenge into winnings of $270,600. McGoey had won his way into the $10,000 event by qualifying online back in May for only $100.

In its third year, the BC Betting Challenge saw 115 of the country’s best horseplayers face-off in a live money $10,000 buy-in betting tournament.

Patrick McGoey

Patrick (left) alongside his brother

McGoey won first place in a dramatic come-from-behind effort in the last race of the contest by wagering $7,000 to win on 14-1 longshot Drosselmeyer in the Breeders’ Cup Classic. Drosselmeyer’s victory resulted in McGoey’s win bet returning an amazing $110,600. Combined with the first place winnings of $160,000, McGoey took home $270,600.

McGoey had earned his spot in the BC Betting Challenge on May 28 by defeating 90 other players in a $100 qualifying event for the Challenge at

His last-race heroics also earned him an automatic berth into the National Handicapping Championship (NHC) at Treasure Island in Las Vegas where over 500 qualifiers will be shooting for approximately $2 million in prizes.

We sat down with McGoey a few days after his memorable win.

 AGOS:  Patrick, congratulations on a tremendous accomplishment. You defeated 114 of the best handicappers in the country over the two biggest racing days of the year. What was your general philosophy going into the event?

McGoey: You know my basic philosophy for day one was to be conservative and just “hang in there” until day two. I wanted to have some money for the second day. I never planned on letting it all ride like it did on the final race.

 AGOS:  How did you catch the horse racing bug, and how long have been handicapping?

McGoey: I started about 10 years. My brother handicaps a lot and he kind of got me involved. I follow The Fair Grounds and Churchill Downs quite a bit, but I don’t play every day.

Around 2005 some buddies and I said, “wouldn’t it be fun to own a horse?” So a group of us bought a $30,000 claimer and then Katrina kit that summer and shut down the track. The horse ended up running at Louisiana Downs, so we had to drive about six hours to watch him race. But the horse did fairly well, so over the years we got up to six claiming horses.

But owning horses is what really got me into the sport.

AGOS:  How many tournaments a year do you typically play?

McGoey: I played three to four satellite tournaments trying to qualify for the Breeders’ Cup Betting Challenge. I played a few last year, trying to qualify for this as well as the NHC, but not many.

 AGOS:  Had you played in this tournament or similar money-bankroll tournaments before?

McGoey: I had not. This was my first time in the tournament and I had no experience in this type of contest.

 AGOS: Have you qualified for the National Handicapping Championship before now?

McGoey: This is a first. I had other things on my calendar the last week of January but I have cleared them out!

AGOS:  What handicapping tools did you utilize in ‘capping the Breeders’ Cup cards?

McGoey: I use the Daily Racing Form. Sometimes I will check stuff on Equibase but primarily DRF.

 AGOS: What type of wagers were you making in the two days leading up to the final race?

McGoey: I made some large $500 show bets on Friday which got me through some of the races. I wanted to get the mandatory bets out of the way and just “stay in the game.” I ended Friday with about $8,200.

 Then on Saturday I hit the first couple of races with win/place bets on the favorite along with $200 exactas that were fairly chalky. That got me up to about $12,500, but then I started to give it away after that.

I was on Shackelford and he looked strong turning for home but he got mowed down for the top spot. I lost Union Rags by a nose. I also had bets on Turralure who suffered a tough break getting nosed out at the wire in the Breeders’ Cup Mile.

My brother was in the contest as well. With about four races to go, he told me he was “bowing out. I am going to bet some Pick 3s and Pick 4s and I am disqualifying myself.”

 Well about a race or two before the Classic, I told him I was going all-in on Drosselmeyer. My brother just looked at me and said, “nah, don’t do that!”

 AGOS: When did you know that you were going to go all-in on Drosselmeyer in the Breeders’ Cup Classic and why?  Did you consider other types of wagers, such as exotics?

McGoey: I actually started thinking about this approach only about two races before the Classic.

I was on Flat Out [one of the favorites for the Classic] going into the day. I had bet on Royal Delta on Friday, and that filly closed from off the pace to win for trainer Bill Mott.  Birdrun ran big also, so I was thinking that Mott’s horses were doing really well. I started looking more at Drosselmeyer [also trained by Bill Mott] and noticed the huge improvement in his last race. He had run a big Beyer speed figure and had lost to my top choice, Flat Out, by only 2 1/2 lengths.

Flat Out was 7/2 and Drosselmeyer was 15/1, a big discrepancy in odds despite those horses running one-two in their last start.  Other horses were turning the tables on runners [who defeated them previously] over the weekend, so why not Drosselmeyer? The last time Mike Smith had ridden him, it was the Belmont Stakes and he had won. Good workouts, Mike Smith had ridden him well, and Bill Mott horses were hot, so I decided to take a shot.

Except for those first two races that were chalk, I wasn’t hitting exactas very well during most of the day, so I just decided why not a win bet on a live longshot. I said if I hit this, it could mean $300,000. How often do you get a shot at a $300,000 score? I thought Drosselmeyer should have been about 10-1, but I got about 40-1 on him [by betting him in the contest].

I loved the format of the tournament because you get to keep the money that you won. The guys in the lead late in the day had real money in the bank so I could understand why they wouldn’t take the type of risk I took.

I was sitting next to the guy who hit a huge exacta using Perfect Shirl on Friday so he vaulted to over $40,000. So for most of the tournament I wasn’t even in the same zip code as him.

AGOS: Why do you think you have chosen handicapping over other forms of gambling?

McGoey: I still do fantasy football and I have done some poker. Once I started doing more and more handicapping, the other forms of gambling didn’t interest me at all. The casinos are boring. You don’t get the same types of odds at the casino. The odds are so much better with the horses. For example, I don’t like betting 1/1 shots and in football that is the best case scenario.

It’s super exciting, too. I get a rush when the horses are going into the gate.

If you lose five or six races in a row, you can get it back in the next race. Whereas in a game like blackjack, it can take forever to get back to even.

AGOS: This website is devoted to improving the game of racing. What are the key areas that this industry should focus on in the coming years?

McGoey:  Focus on getting younger people involved. I was probably one of the youngest in the room.

It’s easy to pick a football game, given a 50% chance and everybody has a “gut” feeling about a game without doing any research, but handicapping the horses takes time.

I really think these tournaments are great and should be promoted more. The potential return you can get is excellent. You can play some of them from home online. You can put in picks early, go out and do things, and then come home and see how you did.  There are a lot of opportunities like that. It’s a flexible sport that doesn’t take all of your time.

The industry needs to focus on contests and getting younger people involved. A lot of younger people are just intimidated by both the sport and “The Form.” I learned how to read the form was I was pretty young. I got away from the sport in later years. Didn’t do it much at college or law school. But then when I came back to it, it was much easier for me to picks things up, compared to someone who didn’t have any prior exposure to the game.

AGOS: Yes, there is definitely an intimidation factor when it comes to horse racing.

McGoey: I took my wife and three girls, and then each brought a friend last year at The Fair Grounds. There was a horse with a name the girls liked. I bet the horse for all of them. She won, and I think I hooked every one of those kids!

I have a picture on my wall of The Fair Grounds with 50,000 people in attendance, many dressed to the tilt. Now you go to the track and you can shoot a cannon off in there. To think that is how the track used to be…you got to do something to get people back into the sport.

Online is definitely the best way to grow the sport. The access is so easy.

AGOS: Have you seen any overlap with the casino crowd and the racing fans at The Fair Grounds?

McGoey: To be honest with you, I haven’t even walked through the slot area. For one, I can’t stand slots. I’m sure it is helping their bottom line, but it is not generating more fans for racing.

You know what has been great is the Fair Grounds, like Churchill Downs, has experimented with night racing, and the place is packed on those nights. Tracks could have events like a jazz festival. Fair Grounds could use the facility more and hold a jazz festival inside the track. People would come. We know how to throw a party here in New Orleans. Most people simply can’t attend during the day.

Additional Notes from the 2011 Breeders’ Cup Betting Challenge

Christian Hellmers of Los Angeles California finished in second place behind McGoey, winning $121,700. Hellmers held the contest’s lead over the last four races until Drosselmeyer’s upset and McGoey’s last race theatrics. John Allunario won $78,480 by finishing third in the event. Allunario also qualified in a on October 1 in a $400 online event.

“The Betting Challenge has quickly become the ‘go to’ tournament for horseplayers throughout North America,” said Kenneth Kirchner, the tournament’s administrator for Breeders’ Cup. “The BCBC has grown by fifty percent in just three years and we are working to expand the opportunities for players to qualify at more racing facilities and sites for next year’s contest. I believe there is tremendous upside for this event in future years.”

For those who didn’t win their way in, the BC Betting Challenge requires a $10,000 buy-in per player, with $2,500 going towards the prize pool and $7,500 towards the player’s two-day betting bankroll. Total prize money was $315,000 with cash prizes to the top ten finishers.