Handicapping Tip of the Day #37 – Never Be Afraid of this Type of Favorite

Handicapping Tip of the Day

by Rich Nilsen

There is one particular type of favorite that the experienced horseplayer should never fear.   I’m talking about the type of public choice, especially a maiden, who always runs well enough to get bet next time out.  His or her past performances always look like a horse in sharp form, with strong speed figures, and running lines that include a lot of 1-2-3s.  But what is always in common is a lot of “two’s” and “three’s” at the finish position.  This is the type of runner that lacks the will to win.  The horse is talented.  The  horse has speed.  The horse runs good enough to nearly get his picture taken, but the horse doesn’t want to “go on” and win the race.

A recent race at Finger Lakes was a perfect example of a money-burning maiden that fit this bill.  November 15, 2016 at Finger Lakes featured the heavy favorite Hazen’s Notch.  The New York-bred of D’Funnybone was seven-for-seven in the money racing at distances from 5 1/2 furlongs to 1 mile and 70 yards and over tracks labeled fast, good and sloppy.

The versatile gelding was coming off another ‘good’ effort, a 2nd place finish at 3-1 odds at the maiden special weights level only 14 days prior. But look closer and this horse was life and death to hang on for second while drubbed 8 lengths by another rival.  In only one of his last five races had this horse gained ground in the stretch. In all but one of his seven career races he went off at odds of 3-1 or lower.  He was expected to win nearly every one of these races by many handicappers and had failed.

On this day Hazen’s Notch was odds-on during most of the wagering before finally settling at 1.05 to 1 at post time.  He finished third, beaten only two necks for all the money, behind $18.40 winner Winlocs Utopia.

The chart caller’s comments read:  Hazen’s Notch was well placed along the two path, angled out in the lane, gained some and hung.

false favorite

 

Handicapping Tip of the Day #16 – Favorites to Play Against

4 Times to Play Against the Favorite

by Glen S.

Handicapping tips from agameofskill.com

Everyone loves to pick a longshot or tout a big price, but when is the time to actually bet on the longshot? I would base a longshot on the price of the horse that it will pay when he wins. A longshot is not a horse with a morning line of 10-1 that goes off at 2-1. Clearly the line maker made an error and I wouldn’t consider that a longshot.

Finding a longshot can start with the expected favorite in the race. We know the favorites win around 35% of the time and sometimes you look at the favorite and need to realize there is very little chance he gets beat.

Here are a few times to try and beat the public choice

  • The horse is trying something different, such as stretching out in distance, moving to the turf, trying an off track, etc.
    The runner is coming off a month or longer with no activity, e.g. workout.
    The favorite is dropping in class off a good effort, for example, a second place finish in a higher class maiden race.
    The race shape is against him, for example, a-need-the-lead horse with lots of other speed in the race.

 

How Well do Horse Racing Favorites Perform?

by Rich Nilsen

The wagering public has been pretty amazing over the years. Historically, the betting choice, a.k.a. the favorite, has hit the Winner’s Circle at tracks all over the country at a fairly consistent 32% success rate. However, over the past decade or so I noticed that this rate continued to creep up. No doubt, smaller fields have played a significant role in this increase. The bottom line is that the widely used 32% win rate for favorites is inaccurate by as much as 10% (35 vs 32 percent).

Now, don’t get me wrong. I am the first guy who will be quick to bet against the favorite. In fact, that is what I am looking to do every time I handicap a race.

Here are the average win rates for the wagering public’s favorite, on average, at racetracks across the nation:

Favorites Win 35% of the time

Favorites Place (run 1st or 2nd) 55% of the time

Favorites Show (run 1st, 2nd or 3rd) 69% of the time

Consider these numbers the next time you place a horse racing wager! If you are playing a trifecta wager, for example, where you have to pick the top 3 finishers in order, is it wise to just toss the favorite with no regard to the percentages? Considering that the typical favorite hits the board (show) nearly 70% of the time, the answer in most cases may be a resounding “no!”

Now, don’t get me wrong. I am the first guy who will be quick to bet against the favorite. In fact, that is what I am looking to do every time I handicap a race. However, I like to think that I am not stupid (no witty comments please). I realize that the favorite in most races stands an excellent chance of hitting the board. For that reason, I will often “use” the public choice in my wagers – somewhere – even if I am betting against him. It’s not just an insurance play. It’s playing the percentages, and as a “numbers” guy, that is what I am about.

A good example is the trifecta wager. Let’s say you don’t like the favorite. You are playing against him to win. However, realizing this horse could very well “hit the board” the wise thing is to include him underneath in the trifecta bet.

This is a prime reason why “boxing” horses in a trifecta is usually not a good idea. If you don’t like the favorite to win, then don’t use him in a box, where, in essence, you are including him in the win hole of the trifecta wager. Otherwise, you would not be playing against him.

Post Parade Gulfstream Park maiden race

Copyright Agameofskill.com

This year’s Donn Handicap [2012] was an excellent betting race, a great event to wager on the trifecta if you had an opinion. My top two choices in this field were Trickmeister and Hymn Book. I did not particularly care for Preakness winner Shackleford, but I realized that he could certainly be in the money, especially if he got loose on the lead.

With a full, competitive field of stakes runners, this was just the type of situation where you would hate to be right about one of your top choices (marked as A, B runners) but miss the trifecta because you tossed the favorite.

Hymn Book (A) and Trickmeister (B) were both square prices at 6-1 and 4-1, respectively. My (C) and (D) horses were Mission Impazible and Flat Out.

In this race I honestly felt any of the 11 runners could run third. When you are presented with a race like this, it is imperative to use the “ALL” button in the third slot. The approach with this type of race is to key around your top choices, and play a partwheel similar to the one presented below:

A, B with

A, B, C, D with

ALL

Total cost for this Trifecta: $108 based on a $2 base wager. The trifecta is calculated as follows: 2 horses x 3 horses (four minus one) x remaining horses, which in this case is 9 (11 minus two). Players with a larger bankroll could then reverse the 2nd and 3rd slot of the Trifecta for $1 for an additional $54 bet:

A, B with

ALL with

A, B, C, D

The idea behind the second ticket would be a form of protection in the event a longshot – or, even the favorite – got up for the Place spot.

Alhough the favorite, Shackleford, failed to hit the board in the Donn Handicap, I was protected with this wager in the event he did [provided, of course, that he didn’t win].

Hymn Book (6/1) defeated Mission Impazible (8/1) in a real thriller, as Redeemed (8/1) finished third. The $2 trifecta payoff returned a lucrative $1,296. Even if Shackleford had finished in the money, the trifecta still would have been a nice payoff because of the competitive nature of the field.

Imagine if my top two choices, Hymn Book and Trickmeister, had run one-two and Shackleford had ruined my trifecta? If I absolutely hated the favorite and completely tossed him from the wager, that would be a different story. But that wasn’t the case here. Shackleford was the deserving [lukewarm] favorite in this field. That didn’t mean I had to like him.

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