Showing posts with label goldencents. Show all posts
Showing posts with label goldencents. Show all posts
  • Bogus Bias

    POSTED Jan 23, 2014
    John F. Kennedy once said that too often we “enjoy the comfort of opinion without the discomfort of thought.”

    Clearly, President Kennedy was talking about track biases. For few other subjects evoke as much hyperbole and outright nonsense than the notion of a track bias, a term popularized by Steve Davidowitz in “Betting Thoroughbreds.”

    According to Davidowitz, “Every racetrack has its peculiarities. Some are small in circumference, some have pasteboard-hard running surfaces, some card races that place a premium on early speed or post position.

    “And nothing can help to change or create a bias as effectively as a shift in weather conditions. A sudden rainstorm is odds-on to force a premium on early speed. On the other hand, a few days of rain, a sudden frost, or extreme heat can have totally unpredictable effects.”

    In order to spot a track bias, Davidowitz advises players to do four things:

    1. Watch the turns.
    2. Watch the break from the gate.
    3. Watch the run to the first turn (especially in route races).
    4. Watch the top jockeys.

    If this is not possible, Davidowitz adds that a “careful reading” of the results charts can also lead to the discovery of a track bias.

    Given this ambiguity, it is easy to see why “track bias” has become the modern-day equivalent of “cry wolf.” Tell people to search for something, especially something hard to define, and, by golly, they’ll find it!

    In fact, I got a chuckle out of the reactions to an article written by Daily Racing Form columnist Mike Watchmaker entitled “Talking Track Bias,” in which Watchmaker dared to say there was no speed bias on Belmont Stakes Day this past June.

    Those commenting on the piece couldn’t seem to agree on what a speed bias is, much less whether or not one existed:

    “Mr. Watchmaker fails to mention days when speed wins almost every race and other days where a front runner can't [find] the winner’s circle. This holds true for turf courses as well and, in both cases, certain racetracks are conformed and constituted in such a way as to favor a particular type of runner. … One of the reasons this wonderful sport has not caught on as well with later generations is the repetitive sight of wire-to-wire winners.”

    “… Go watch where all the winning closers came from, at least 5 to 6 lanes out. Watch how many horses two lanes in were getting caught.”

    “Yes, there was a bias. Orb's trainer said as much when he compared the surfaces between Churchill and Belmont. One was like a springboard, the other was looser and sandier.”

    “Bias is such a big and important topic that it may be worth writing a book about. Right off the bat most people confuse rail bias with speed bias. A hot rail is caused by track maintenance moving dirt away from the rail in anticipation of bad weather (because they can't grade a muddy track, and the rain, due to the slope of the track, will gradually move dirt from the outside to the inside). The thinner surface at the rail makes it fast. Usually people call this a speed bias, because the horses up front have the inside path, but a closer can win on it just as easily.”

    “Most of [the] horses that closed were horses with speed except, I believe, one race — if my memory is correct.”

    “You have to know if horses are holding on much deeper into races than you thought they had a right to if everything was equal, or that horses aren’t making the late moves you figured they should have.”

    “There was something a little different about Belmont on Saturday. I initially picked Golden Soul on top, but after watching three dirt races, you can see that front runners and stalkers were holding on all the way to the end. Closers weren't even plodding up for show money.”

    Well, that’s as clear as mud. So maybe the track was biased on Belmont Stakes Day, maybe it wasn’t — kind of like how I “may have won” a million dollars from Publisher’s Clearing House?

    Of course, I've heard the same gobbledygook from those who believed that Princess of Sylmar was done in by a “speed-favoring” track at Santa Anita in the Breeders’ Cup Distaff.


    (Click on image to enlarge)

    The fact that Princess of Sylmar was beaten by a whopping 16 ¼ lengths in the Distaff is overlooked by the bias boosters. The fact that Royal Delta, the champion mare “Princess” edged in the Beldame, was actually closer to the pace than Beholder in the Distaff? Summarily dismissed.

    Instead, those who cry bias point to Goldencents, the impressive winner of the Breeders’ Cup Dirt Mile.

    A Facebook friend of mine summed up the feelings I know many share regarding the speedy colt when he noted that Goldencents’ triumph on Breeders’ Cup Day “made perfect sense, but not after being hung out wide and running a savage pace.

    “Yet he kept going. The track carried him. Even if he tired a bit despite the bias it would have [been] understandable after that pace and trip. When he came back on a honest track, he could not duplicate that huge race.”

    True, in the Cigar Mile 29 days later, Goldencents finished a well-beaten seventh. However, that’s not the whole story. What my friend didn’t say is that Goldencents was bumped hard at the break of that race and, consequently, was third at the opening call.

    (Click on image to enlarge)

    This is of no small consequence, as Goldencents has never won when he’s been worse than second at the first call. In fact, the son of Into Mischief is 0-for-4 in such instances. He is 2-for-4 when running second at the opening call and 3-for-5 when leading.

    Bias? I think not.

    Something tells me JFK would agree with me.
  • Horse by horse Preakness analysis with fair odds line

    POSTED May 16, 2013
    I’m not the type that’s big into having to pick one horse as the winner of each race. I understand why it’s done for major events, but even though I’m calling Itsmyluckyday my pick to win the Preakness Stakes (as he was in the Derby) it’s not like I think he’s the only horse who can win. Heck, he isn’t even the most likely winner!

    So, in James Scully-style here is a list of reasons why each of the Preakness Stakes entrants could win the middle jewel of American Thoroughbred racing’s Triple Crown along with the odds I think each has of doing so. Also included is a reason why they won’t win.

    #1 Orb (even money)
    PROS: His Kentucky Derby was a tour de force that made his 5.4-to-1 odds in that race seem like an absolute gift. He was obviously best in that race, so why should any of the five also rans from two weeks ago turn the tables on him here? There are the three new shooters, but any of them would have to improve to come close to matching Orb’s accomplishments.

    CONS: The rail post position is by no means a death knell, but it does provide fewer winners at Pimlico than the odds indicate it should, AND only one Preakness winner (Tabasco Cat in 1994) has scored from the rail since 1961

    #2 Goldencents (12-to-1)
    PROS: His Santa Anita Derby is easily among the fastest races any of these have run, including Orb, and the Kentucky Derby was his only bad race. If you chalk that up to some combination of being too close to the pace/not liking the sloppy, sealed track, then he easily fits among these.

    CONS: Regardless of the Kentucky Derby excuses, it’s extremely difficult to bounce back from that kind of performance against similar Grade 1 company, and the same questions surrounding him in the Derby remain here—mainly distance and pace concerns.

    #3 Titletown Five (96-to-1)
    PROS: This is the Lloyd Christmas of the Preakness field in that he’s happy there’s a chance (though it is about 1 in a 100 instead of 1 in a million). A win would be a surprise, but not inconceivable if he takes command from whomever falters on the pace and everyone around him misfires and he just gets too far gone to catch.

    CONS: The only race remotely fast enough came against maidens sprinting at Churchill Downs. Fast paces didn’t help in either the Louisiana Derby or Derby Trial, but just don’t see the right dynamic unfolding for him to get the job done.

    #4 Departing (10-to-1)
    PROS: Getting good (better) at the right time and could peak in Preakness considering connections have pointed toward this race since a wide-trip third in Louisiana Derby behind Revolutionary and Mylute. Won Illinois Derby from post 13 and could get jump on Orb here depending on what that foe needs to do from the rail.

    CONS: The last two races were nice but another move forward will be necessary to contend here, and he might be overbet as most people’s alternative to Orb. He had bullet workouts going into both Louisiana and Illinois Derbys but far more pedestrian drills for this challenge.

    #5 Mylute (12-to-1)
    PROS: Has only won twice, but when he’s on he’s on, as both those wins have come by a combined 13 lengths, and last two races after a poor three-year-old debut have been good.

    CONS: was running “with” Orb late in Derby and could not keep pace and don’t see how that changes in the Preakness. Similarly seemed to have the Louisiana Derby won, but Revolutionary bested him late there as he did in Derby when third (with Normandy Invasion between them).

    #6 Oxbow (20-to-1)
    PROS: Of all the horses close to the pace in the Kentucky Derby, he fared the best, and that kind of tactical command will certainly help in the more compact Preakness field. Only two wins were gate-to-wire but doesn’t seem to want the lead anymore. Maybe here with stablemate Titletown Five supposedly rating?

    CONS: Doesn’t want to win. Looked like the winner in both the Risen Star and Rebel Stakes before not getting the job done in both races. Jockey Gary Stevens even thought to himself ‘for a few seconds” that he might win his fourth Derby, but that didn’t come to pass. Just not the type of horse I want to back in the win spot.

    #7 Will Take Charge (20-to-1)
    PROS: Other than a dreadful Kentucky Jockey Club, seems to fire every time. It’s rarely good enough to win (especially against top-level competition), but you’re going to get a run out of him, as you did in the Derby before he was stopped by Verrazano. Will make a run again here.

    CONS: Interesting to note that best races came closer to the pace, and he actually set the pace when eventually second in the Springboard Mile. All that is to say, he’s too slow for this level of competition, and the big run late is mostly just an illusion. He could end up in the exotics, but isn’t a win candidate for me at the expected price.

    #8 Govenor Charlie (16-to-1)

    PROS: Looked like he could be any kind when rattling off consecutive wins in February-March, including a five-length romp in the Sunland Derby. Both wins came after sitting off the pace and kicking clear after a nice middle move, and that’s the type of trip that could win this—especially if Orb gets too far back early.

    CONS: The Preakness will be his first race in eight weeks and just the fourth of his career, and he’ll need to improve dramatically assuming the other graded stakes winners fire even just a par effort. That’s not impossible for a trainer who’s won this race five times, but all five of those wins did come with horses who started in the Derby.

    #9 Itsmyluckyday (10-to-1)
    PROS: The fastest horse going into the Derby took another step backward when 15th after what started out as a perfect trip. As they turned onto the backside I really thought he could win the race if he had any punch, which he didn’t. Still think his two wins to start his three-year-old season can beat these, but it’s getting increasingly harder to bet on him running back to either of those races based on his last two efforts. From a positive angle standpoint, Johnny V. picks up the mount, and trainer Eddie Plesa fires 21% when racing third off a layoff.

    CONS: Similar to Goldencents, it’s hard to back a horse coming off such a dreadful effort coming right back against similar class. There were questions about his distance limitations going into the Derby, and that race certainly did nothing to dispel them.


    My strategy at this point will be to play Itsmyluckyday across the board (assuming 10-to-1) and key him in exotics underneath Orb, but all that is subject to what happens in the multi-race wagers I play. Good luck!
  • Enter the Preakness exacta matrix

    POSTED May 14, 2013
    Anyone can make a morning line for projected win odds, but making one for exacta will pays takes a little more finesse, though I did take some liberties to make it easier while still providing guidance as to where the money will go in the exacta pool:

    1. Orb is the overwhelming choice to win at 4-to-5 in the top spot (odds account for 21% takeout in the exact pool). He's also the most likely second-place finisher with 24.76% of that pool. It's an interesting take because the Derby winner has 72% of the money in the exacta pool but probably won't even have half the place pool. Thus, betting Orb to place is a much better bet than wheeling him up and down in the exacta.

    2. No surprise that all other horses besides Orb are more likely to finish second than first. Departing is the second choice to win with his price based on exacta will pays at $11.60.

    3. I lumped Goldencents, Itsmyluckyday, Mylute,  Oxbow, and Will Take Charge together as co-third choices ($16.40) then made Govenor Charlie the eighth choice ($26.40) and Titletown Five the longest shot ($34.80).

    4. The big opinion here is that Departing will be closer in price to the third tier of Derby also rans than to the Derby winner. A chalk-chalk exacta comes back 9-to-1, but Departing on top is a much more robust 21-to-1.

    5. Because the biggest jump is from Orb to Departing and not Departing to the next tier, things really blow up if you get Orb out of the exacta. Regardless of your wagering style, it's an interesting phenomena to note because the multis are probably going to be the same way. Whereas at first it appeared that beating Departing might provide some value if you liked Orb, this shows that if you're willing to bet against Orb, don't let Departing beat you.

    Enjoy!

     
  • What could stop Orb in the Preakness

    POSTED May 7, 2013
    When the Preakness Stakes unfolds on May 18 at Pimlico Race Course, two things regarding the running of the race are likely to be different than the Kentucky Derby Presented by Yum! Brands: 1) the surface, 2) the pace.

    And it probably won't matter.

    To say that neither surface nor pace played a role in the Derby outcome would be naive, but to suggest that Orb wouldn't have won on a fast track or with a slower pace or any combination of such variables would do an incredible disservice to the best Derby performance I can remember going back to the Barbaro-Street Sense-Big Brown treble of 2006-2008.

    Orb earned a 111 Speed Rating and 126 Class Rating from Brisnet.com for his Derby tour de force. Orb's Derby win was similar to his Fountain of Youth in that it appeared as if his closing move won the race, but really, it was his ability to make a big middle move (122 E2 pace rating) that allowed him to be in contention turning for home.

    That type of move is what it takes to win Derbys, and even with a fast track and dawdling pace at Pimlico, I'm expecting more of a Smarty Jones or Big Brown-type of performance at Old Hilltop than Mine That Bird or Animal Kingdom.

    I don't reference those last two horses as an insult, but rather to illustrate that both had too much work to do to catch frontrunners Rachel Alexandra and Shackleford, respectively. Orb's style will allow him to take control of the race, and bury it if necessary a la Smarty Jones or Big Brown.

    So is Orb beatable? Of course--they all are. But as things are now, he might be more bettable than beatable. He's fair value at 6-to-5 and maybe even money, and while I expect odds on, there is steam elsewhere (e.g. Departing) that might help the Derby winner to drift up.

    The biggest question for me will be what to do with Itsmyluckyday and Goldencents, my top and third picks, respectively, in this year's Derby. Both have shown the talent to win. Their best and any regression from the Derby winner makes things interesting, but it's really hard for me to play for their best--even at generous odds--considering the dreadfulness of their Derby runs.

    Derby also rans do just fine in the Preakness. Of the seven Preaknesses this century not won by the Derby winner, five had raced in the Derby: Shackleford in 2011, Lookin At Lucky in 2010, Curlin in 2007, Afleet Alex in 2005, and Point Given in 2001 with two of those (Lookin At Lucky & Point Given) being beaten favorites and another two being beaten second choices (Curlin and Afleet Alex). All seven had run well, though. Shackleford tired on the lead, Lookin At Lucky was beat by a rough trip from post 1, Curlin was jinxed by Apollo, Afleet Alex had a rough trip third, and Point Given chased a fast pace wide. I'm not saying they all ran great, but they all ran OK and had excuses.

    With Goldencents and Itsmyluckyday this year, I'm grasping at straws. Yeah, maybe it was the pace and/or the surface, but neither threatened at any point in the race. Itsmyluckyday was working out what looked to be a fantastic trip but just never had any punch. Considering his Florida Derby where it looked like he was going to win like a good thing then was no match for Orb, can I really run it back on him in this spot?

    It all comes down to the price you're willing to take that the pace and/or surface affected Derby runners, and what value exists in conceding that Orb is probably the best under any scenario. 
  • Derby prom

    POSTED Apr 26, 2013
    Dana Byerly's "Derby Dating" columns are on hiatus, which is a shame because her approach was a fun way of parsing the contenders. With her blessing, I decided to take a run at the approach by aligning my picks with who I would want to take to prom.

    Itsmyluckyday, will you go to Derby Prom with me?

    Back in college, I wrote a massive research paper on the songs of Jim Steinman. As part of that research I discovered he was a high school classmate of Tony Kornheiser, who at the time was a Washington Post columnist. As luck would have it, he and "Jimmy" had study hall together senior year, so Tony had lots of perspective.

    "Jimmy was the type of guy who knew what it meant to be cool and knew that he wasn't it."

    I related to that idea then and still do now, which is why I know Orb and Verrazano aren't the prom dates for me. The popular crowd puts up with me, maybe lets me have a slice of eggplant Parmesan, but it doesn't want me around when they let their guard down to sing karaoke. Orb and Verrazano would be happy to be on my tickets, but they're saving themselves for someone else's top spots.

    Itsmyluckyday isn't at the top two's level, but he's still capable of cleaning up real nice and turning some heads. When we step out of the limo no one will be asking who we're wearing but maybe by the end of the night people will start paying attention.

    Goldencents is somewhat attractive as a sure thing. You know what you're going to get with him in that I think he's the horse most likely to get his ideal trip. Whether that's good enough remains to be seen, but if he's good enough he'll make it look easier and whomever his date is will have a reason to crow. Your limo could end up in a ditch, though, and you'll be wondering why you let Kevin Krigger drive.

    So hopefully things will go with Itsmyluckyday. I don't want to rush anything after Derby. There will definitely be a courtship even if he wins, but I could see tying the knot in time for the Belmont if things go well at Preakness too.

    I'll have a playlist for our DJ later.
  • Waiting for a star not to fall

    POSTED Apr 9, 2013
    On Monday night/Tuesday morning I dreamed that Team Valor International bought Verrazano because--according to the press release--founder and Chief Executive Officer Barry Irwin thinks the More Than Ready colt is the Messiah.

    I don't know what the price was, but I have to imagine it was a hefty sum considering Coolmore has already bought into Verrazano, and he's now an undefeated Grade 1 winner and one of the top two choices for the Kentucky Derby Presented by Yum! Brands.

    The dream probably stemmed from a conversation I had with Sean Feld outside the Keeneland Track Kitchen on Monday morning when we both lamented expecting to see something special this past weekend but didn't.


    I know I told Joel Cunningham of Triple Crown Insider before the Florida Derby that I wouldn't make any excuses for Itsmyluckyday if he didn't win the Florida Derby, and I'm still not, but that doesn't mean he can't be my number one. He's still run the two fastest races this year (among males), and while Orb beat him on the square last out, I don't think Orb won in such a way that warrants me taking a third of the price on that foe. Verrazano is worthy to take money as well, but I can't give him most of mine as the favorite or second choice off a pair of 100 Brisnet.com Speed Ratings.

    Goldencents impressed me in winning the Santa Anita Derby in the sense that I didn't think he had a race like that in him, but he does nothing for me as a Kentucky Derby prospect especially in the win pool where he will be drastically overbet because of the Rick Pitino connection. It's an interesting consideration because I could see him being as low as the third choice in the win pool but worse than fifth choice in the exotics.

    I hope you enjoy the video as much as I enjoyed eating that burrito. I'll be back Wednesday with some Keeneland thoughts.