Old And Sold Antiques Auction & Marketplace

Antiques Digest Browse Auctions Appraisal Home

Old And Sold Antiques Digest Article

Horse Racing Wagering System:
The Food Payers Of Horse Racing
Beginner's Luck At The Racetrack
Backward Is Forward In Racing Systems
The Good Old Summer Time At The Track
Came The Rains - And Disaster At The Racetrack
Cheap Horses Are Expensive
Females Are Unreliable In Horse Racing
The Long Trail Of Horse Racing
When Is The Trainer Trying With His Horses
Three Old Reliable Horses
More Horse Racing Tips

Beginner's Luck At The Racetrack

( Originally Published mid 1950's )

If he has a sound system, a newcomer to the race track should be the luckiest man on the grounds.

By that, we do not mean that Dame Fortune will smile upon him more than upon others, but we do mean that if he can start out from scratch without any wrong ideas in his head, he will not be hampered by habits which have bothered many veteran race-goers.

For instance, most newcomers to the sport of racing find themselves leaning heavily on the "Consensus Of Opinion" in the newspapers. They go for the "Consensus Best Bet," which in the opinion of all the experts combined is the one best bet of the day, like a ton of bricks. But following the consensus is the worst kind of a start a beginner could make. Over a span of a great many years, these top selections have failed to show a winning percentage of much more than 30 percent, or a profit on a flat bet. Three out of eight of these consensus choices must win in order for the bettor to stay ahead. That they will not do.

Therefore, the first thing a beginner should get fixed in his mind is generally to avoid horses that go to the post at odds of 8 to 5 or less. They not only will fail to show a profit themselves, but they will throw the player off another horse which he otherwise might play.

A beginner can be thrown off stride very easily by listening to the conversation of others at the track. One person may have a "tip" straight from a trainer. Another may be the first cousin of a jockey. A third may have just seen a VIP (very important person) place a huge wager on some horse. Following these leads and the like will put the beginner in hock just as sure as the good Lord made green apples.

The worst hazard the beginner has to face, however, is the odds board. When he sees his horse, what he thought was a solid choice, quoted at something like 8 to 1 and the majority of the spectators making some other horse a strong favorite, he is likely to start muttering to himself:

"How can all these people be wrong? Maybe I had better pass this race."

Brother, that's the beginning of the end! Once you start letting your judgment be swayed, you're licked. Remember, your kind of horse has to win only once in

a while for you to be ahead, while the majority who are betting on the favorite must win almost half the time to stay even.

The only way the writer has found to beat the crowd psychology at the track is to be the first man in line at the mutuel window when it opens before the start of betting on each race. Buy a ticket on your selection before a glance at the odds board changes your mind. What',s done is done, and then it will be too late to change. Another bugaboo which the beginner will encounter at the track is the mania of following certain jockeys who currently are monopolizing riding honors. Champions of this theory, and they are legion, will wave copies of recent results in front of you and offer to prove that you can't possibly win unless you pick a horse ridden by one of these two or three jockeys.

The writer never has seen this theory stand up for any length of time. And the practice of doubling your wager on a jockey after he rides a loser is just about the most dangerous investment system ever invented, because the best of the pilots can-and do-go into a disastrous slump at any time.

Several years ago, for instance, a pretty fair jockey named Bobby Permane was riding on the New York tracks. He had his regular followers, as do all the leading pilots. Well, all of a sudden Master Permane couldn't win for losing, as the saying goes. He rode 128 consecutive losers.

Now just imagine that you were doubling up on Permane's mount during this slump. You would be broke after 8 losers, let alone the extra 120.

The beginner also will do well to avoid tout sheets and scratch sheets which are on sale at the track. Do not be misled by the claims of a tout sheet about the long shot winners it was supposed to have had on the previous day.

For some reason, the general public seems to have the impression that scratch sheets have better and later information than other publications. As a matter of fact, their selections are no better or worse than those in other papers. But the very sight of those best bets of the various scratch sheet handicappers in big, bold-faced capital letters is likely to throw the race-goer off stride.

So we repeat, if a newcomer to the race track will take the trouble to avoid these various pitfalls, he will have a measure of beginner's luck right off the reel.

The experienced or even the casual race-goer must have noted by this time that most of this book's methods are vastly different from those in common use.

Bookmark and Share