BC Betting Bits
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| Blame Edges Zenyatta in the 2009 Breeders' Cup Classic |
Last week,
I talked about the misguided notion that big wins lead to big Breeders’ Cup
profits — they don’t — and, this week, I want to offer some other tantalizing
tidbits about America’s premier showcase for thoroughbred racehorses.
I’ll start
with recent form.
As I pointed
out in the 2012 Breeders’ Cup Betting Guide,
a decent last race is essential to BC success. How essential? Since 1999, only
two horses — Daylami (1999 Turf) and Midnight Lute (2008 Sprint) — have won a
Breeders’ Cup race with a Win Factor Report “Form Rating” of less than 20
percent.
Horses – 97
Horses – 97
Winners
(rate) – 2 (2.1%)
Return (ROI)
– $12.60 (-93.51%)
The Win
Factor Report is a computerized fair odds line that I created, which will be
available to Brisnet.com users when the final entries are known. However, it’s
worth noting that, as of this writing, there were 41 potential BC entries with
a Form Rating south of 20 percent — including several likely favorites or
near-favorites.
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(Click on image to enlarge)
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Let’s move on to what
I will call the “home team advantage.”
It is little secret that, in most professional sports, the home team has a statistical advantage. In fact, a 2007 study conducted by Oliver Entine and Dylan Small of the Department of Statistics at the Wharton School, University of Pennsylvania, found that, in the NBA, home teams won nearly 61 percent of the time. In the NFL, the rate was 58 percent; in the NHL, 55 percent; and in Major League Baseball, 53 percent.
It is little secret that, in most professional sports, the home team has a statistical advantage. In fact, a 2007 study conducted by Oliver Entine and Dylan Small of the Department of Statistics at the Wharton School, University of Pennsylvania, found that, in the NBA, home teams won nearly 61 percent of the time. In the NFL, the rate was 58 percent; in the NHL, 55 percent; and in Major League Baseball, 53 percent.
Hence, the
logical question: Does this home team advantage extend to thoroughbreds running
over their "home track" in the Breeders’ Cup?
The answer,
it seems, is “yes.”
In the past
13 years, horses that had their final prep at the track hosting the Breeders’
Cup event they were entered in have accumulated the following statistics:
Horses – 179
Winners
(rate) – 19 (10.6%)*
Return (ROI)
– $457.50 (+27.79%)
Now, compare
that to horses that last raced at a different track:
Horses – 1,352
Winners
(rate) – 114 (8.4%)*
Return (ROI)
– $2,708.5 (+0.17%)
*There were
133 winners in 132 total races due to a dead-heat in the 2003 Turf.
These latter
numbers get even worse if the shipper’s last workout was also at a different venue:
Horses – 895
Winners
(rate) – 78 (8.7%)
Return (ROI)
– $1,719.30 (-3.95%)
Given that
horses are creatures of habit, I don’t think I’m going out on a limb by opining
that animals that recently handled conditions similar to those they will encounter
at Santa Anita on Nov. 2-3 will probably (as a whole) perform better than those
that did not.
Toward this
end, history teaches us that, in Breeders’ Cup competition, steeds that faced
large fields last time — since 1999, the average BC field has consisted of 11.8
runners — do much better than those that faced just a handful of rivals, as the
following statistics show:
LAST RACE
FIELD OF FIVE HORSES OR LESS
Horses – 161
Winners
(rate) – 12 (7.5%)
Return (ROI)
– $136.40 (-57.64%)
LAST RACE
FIELD OF 10 HORSES OR MORE
Horses – 476
Winners
(rate) – 39 (8.2%)
3 comments:
Interesting stats on home track runners.
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