Industry Profile: Handicapper Marshall Gramm, Memphis Rhodes Professor

The Rhodes professor has become one of world’s best at betting the horses

He grew up in Washington, D.C., poring over the horse racing odds that appeared in The Washington Post sports section. Then he went to Rice University in Houston, got his Ph.D. from Texas A&M, got hired by Rhodes College 19 years ago and never left Memphis.

After initially researching “bank regulation boring stuff,” he decided to turn his habit into his job. He began to use horse racing data to look at betting markets as a proxy for financial markets and pricing.

He’s also a co-founder and part-owner of Ten Strike Racing, a 10-year-old syndicate named after the 1884 winner of the Tennessee Stakes held in Memphis.

He owns about …