Showing posts with label sportswriter. Show all posts
Showing posts with label sportswriter. Show all posts
  • Players' Pool post mortem: A consolation never is

    POSTED Nov 15, 2012
    Tough sequence on Wednesday, as only two of the ~143,500 combinations bet into the $89,489 Pick 6 carryover successfully navigated the sequence that ended with $111.50 winner Noosh's Tale.

    Difficulty is not an excuse for the Players' Pool, however, because as someone said to me after the races, "This is the type of result the Players' Pool should hit."

    I don't disagree. Between the three handicappers on the Players' Pool at least one of us mentioned every winner, and we all had Sportswriter as the most likely winner of leg 2 (race 5). Still, we only had one consolation payout to show for it.

    We considered using Sportswriter on every ticket, but each of us felt that he was vulnerable enough that we wanted an out if he lost. Sportswriter ended up on 71.2% of our tickets, which is equivalent to assigning him a fair value of 2-to-5.

    Noosh's Tale was on one of our tickets, but we needed Natalie Victoria to win the fourth leg (race 7) to connect with her, and she just wasn't good enough. Bad single.

    The other race we "missed" in the sense that the winner clearly wasn't one of our stronger picks was the third leg (race 6) when Star Black gave jockey Abel Castellano and trainer Randi Persaud their first winners of the meeting while paying $22.80. The horse fit, and I mention the jockey and trainer getting their first wins because one of the reasons I ultimately made this horse a "B" rather than an "A" is because she was co third choice on the morning line and with those connections I preferred the first-time starters at bigger prices.

    It's one thing to have all the dots on the page, but connecting them is obviously the key. What was the path yesterday? A 6x1x9x5x5x8 ticket would have cost $21,600 and hit for $84,000 (we'd have been the third winning ticket, so the payout would have been less) plus 28 consos for about a 2-to-1 ROI on our $25,000 investment. That's 86.4% of our money on Sportswriter, though, so instead of betting him like a 2-to-5 shot he's now 3-to-20. But, that's how we could have gotten it done.

    So lesson learned: Always single the big favorite. Just kidding! Just because the above would have worked this time doesn't mean that's the right play. Poker players understand this well. Just because you hit your inside straight on the river doesn't mean the call you made on the turn was necessarily correct or will be next time you're in a similar situation.

    But learning from the experience is always the right move. As Ernie Munick said on Facebook so poetically: "If I don't learn something when I handicap – a trip, a pedigree, a stat, an eccentricity of running or training or riding style, any pattern – then it feels like wasting time, with zero chance of the special."
  • Double carryover Pick 6 mania Wednesday at Aqueduct

    POSTED Nov 14, 2012
    As captain of the TwinSpires Players' Pool, I'm responsible for wagering $25,000 on the Pick 6 Wednesday at Aqueduct.

    $25,000 is a significant amount and will represent 5%-10% of the new money bet into the pool that already features a $89,489 carryover.

    The significance of the amount is not only in its volume but also in its effect on strategy. At this level of wagering, simply hitting the Pick 6 is not enough. Considering automatic withholding on any score greater than $5,000, the Pick 6 would need to pay at least $30,000 for the pool to break even, and that assumes that our consolations would total another $2,500 (it would also assume we hit the thing--no small task considering we're talking about only 8-12 winners based on pool estimates).

    The biggest question for today's sequence is what to do with Sportswriter, who won at this level three back, but that is his only win in his last seven tries, and he's giving weight to his competitors in this race (including some elders).


    Sportswriter certainly is the most likely winner, but is he a universal single? Put another way, is there more value in trying to hit it multiple times with Sportswriter or go against him? With 12,500 combinations at my disposal, the Players' Pool can do both, but balancing that ratio is essential. I'd hate to beat Sportswriter then miss elsewhere, but I'd hate for Sportswriter and a few other horses I really like to win and not have it multiple times.

    Post time for the first leg of the Pick 6 (race 4) is 1:47 EST, and Brisnet.com has lots of great handicapping information including a FREE Win Factor Report from fellow blog contributor Derek Simon.

    Good luck to everyone playing today.