Wednesday, May 11, 2011

The Best Ride Last Weekend Almost No One Saw

Last weekend, while the eyes of the horse racing nation were on Churchill Downs, Hollywood Park ran the Grade 2 Mervyn Leroy Handicap. The race went off at the same time as the Churchill Distaff Turf Mile Stakes on the Kentucky Derby undercard, so very few saw this race. This four horse race featured multiple graded stakes winner Sidney's Candy. With only four horses in the field, Sidney figured to get an easy lead under rider Alonso Quinonez and go gate-to-wire. But that did not happen. Why?

Many jockeys these days are afraid of going after the lone speed in a race, trying to avoid a speed duel. We even witnessed this in the Kentucky Derby, where all the speed pulled back, allowing Shackleford to get an easy lead and hang on for 4th. They fear that trying to apply some pressure to the speed horse will cause their mount to go too fast and lose the race. But it is that pressure that is key to preventing a gate-to-wire winner. Tyler Baze provides a textbook definition to why this is true on his ride of Crown of Thorns in the Mervyn Leroy.

After Sidney's Candy gets an easy first quarter in 24:05, it looks like this will be another merry-go-round race where they don't catch him. Crown of Thorns is sitting a little more than a length and a half off of him, not applying any real pressure. But as they reach the 6 furlong pole, Tyler makes the tactical decision in moving Crown of Thorns onto Sidney's flank, sitting just a length off.


This causes Sidney to go through the second quarter in a much quicker 23:17. Tyler keeps Crown of Thorns right off of Sidney's Candy through that acceleration for that quarter mile, preventing Sidney from getting separation. Like many speed horses, those easy middle fractions are key to going gate-to-wire. Tyler knows this, and is still on Sidney's flank with a 1/2 mile to go.


By the time they hit the stretch, Sidney does not have that needed separation on his main foe. Tyler is able to grind his way past on Crown of Thorns to an eventual length and a half victory. This tactical race ride is the key to this victory. This blog applauds Tyler Baze for the savvy ride, and hope that his comeback from the DL is filled with many more stakes wins.

Here's the full replay of the race:


This race is a template in showing how applying pressure, but not engaging in a speed duel, is key to undoing the chances of a gate-to-wire threat on paper. In-race tactics are what separate the mediocre riders from those who you can have faith in putting your last two dollars on. Good luck on your future wagers.

Friday, May 6, 2011

Kentucky Derby Card Selections - Looking For a Longshot

Biggest day of year when it comes to horse racing is upon us, the first Saturday in May, Kentucky Derby Day. This blog will be leaving from home early Saturday morning in order to get to Hollywood Park early enough to play the early races on the Churchill card. Here are some plays and thoughts for the card, including who this blog likes in the Kentucky Derby. Let's start with the second race on the card, a first level allowance going a mile and one-sixteenth on the main track (post time 11:00 AM ET). The horse to watch here is Bind. This son of Flatter comes from the Al Stall Jr. barn. He won his debut stylishly, then came home second after pulling his entire race. He runs against older the first time tomorrow, with his man danger coming from Wordly, a former fringe Derby trial runner who finished second in a couple of grade stakes. Many have touted Bind as "The Next Big Thing", and today's race will go a long way in determining whether he is or not.

Skipping ahead to the 6th race, which begins the stakes action with the Twin Spires Turf Sprint. The majority of the money figures to be spread around among four horses, each with different credentials. Chamberlain Bridge won the Breeders' Cup Turf Sprint here last year, and is a neck away from being 5 for 5 on this course; Regally Ready, who won three straight races down the hill out here in Santa Anita and owns a win over this course; Bridgetown won the BC Juvenile Turf back in 2009, won his last two races, and has been competitive against some of these; and Custom for Carlos, who is the pick. His only turf start, he had a less then ideal trip while breaking from a wide post. C4C has speed but can rate just off and should fall into a good trip.

Moving on to the 5th stakes on the card, the Woodford Reserve Turf Classic. This race was dramatically affected when Little Mike scratched out of the race Friday morning due to a fever. This has left Get Stormy with a strong chance to go gate to wire. He has win at the distance and one over the course, he had a solid work after his win in the Maker's Mark Mile last time out and the race set-up is extremely favorable to his chances, as he figures to be on or just off the lead. Value seekers could do worse than land on Rahystrada. This son of Rahy ran a good second last out, has won at the distance, and is no stranger to winning at long odds over this course, winning the 2009 River City Handicap at 56-1.

Now the big one, the Kentucky Derby. This blog makes a different between the pick for the Derby to win and the key to the exotics. The pick to win is used only on top, while the key is the horse most likely to hit the board, and is used in all three on the board spots. The pick to win is Derby Kitten. This son of Kitten's Joy out of the Menifee mare Blush has a pedigree that many who follow this blog is familiar with, and that is part of the reason he is the choice. He is blog favorite William's Kitten full brother. DK won his way into the Derby after winning the Lexington Stakes last time out. His only dirt try was awful, but it was on a track that favored those on or near the lead, and his brother WK handled the dirt just fine, including a second in the Kentucky Jockey Club to last year's Derby winner Super Saver. Now Derby Kitten will be a huge longshot, but he will relish the mile and a quarter, and this blog thinks he can avenge his brother's inability to make it here last year with a major upset.

The key to the exotics is Stay Thirsty. He takes the blinkers off after a disastrous effort in the Florida Derby. He had previously won the Gotham Stakes, defeating Wood Memorial winner Toby's Corner in the process. He has worked well without the blinkers since the Florida Derby, and will be a good price on the board. The main reason that Stay Thirsty is the key to this blog's exotics is his potential trip in the race. With three speed horses to the outside, and closers to his inside and outside the speed, Stay Thirsty looks to have the chance to set-up a perfect position quickly, before the rest of the field drops over from the outside. This will give him ever chance to run well and give his backers their money's worth.

So today is the big day, and big stakes are abound. Will the prices be enormous> Can Derby Kitten do what 'William' could not? Can the winner be the one to end the Triple Crown drought? We shall see, Good luck everybody!

Monday, May 2, 2011

Why A Bad Morning Line Hurts Everyone

Morning lines are a part of every wagering race in the U.S. no matter whether it is a Grade 1 at Saratoga or a $4kN2L at Beulah Park. The maker of the morning line has an arduous task in trying to figure out how the public will interpret all the possible information in front of them, including who has what information, and whether that information will lead to a lot of money being bet on the horse. It is not an enviable task, but someone has to do it. This task will always leave someone unhappy but it is a necessary part of racing. The line exists to help handicappers, especially a newbie to the sport, see who presumably will have a larger chance to win a particular race. So when a morning line maker does a poor job in making a morning line, it has a negative effect on the bettor no matter whether it's the $2 win bettor or the $3000/ticket Pick 6 player.

There are two main ways a morning line can be bad. One is when a horse is listed at odds that ends up being way off compared to its actual post time odds (though it is normally only complained about when it is lower than the listed morning line odds). This can happen through the morning line maker doing a poor job reading the information; the connections of the horse betting more than expected on him; or the horse is getting a lot of buzz at the track, but what shows up on paper is not very enticing. The happens from time to time, and while annoying, can be forgiven as one of the vagaries of the game.

The other way a morning line can be bad, and the one that this post is mostly about, is when a morning line equals a percentage that is just too high to be reasonable. This is what I'm calling an "overvalued" morning line. If any of you have any interaction with this blog's writer through social media, you will know that this a hot-button issue with me. A bad morning line bothers me more than it should - but then why all the ranting about it? First, let this blog explain what a morning line should equal. The morning line should equal 100% + the takeout on the win bet. Since the morning line uses whole, easy to understand numbers, yet odds can be counted down to a tenth, it is acceptable to have the line fall within a range. That range is 116 percent to 125 percent, depending on what the track's takeout is on that wager. When a morning line does not fall into that range, it is considered a bad line. There are occasions when that happens and people give it a pass, such as the Kentucky Derby, where the unique circumstances of the race make it impossible to craft a line to a normal percentage. But even that has it limitations on how high it can be before it becomes objectionable. When the morning line of an everyday race is above 125%, it is a sign that the morning line maker struggled with the field. But when every race on the card has a line that is significantly over 125%, and this occurs on a daily basis, that is a sign of a morning line maker who is just not doing his job correctly. There are examples at major tracks across the nation, from the San Gabriel Mountains to the Bluegrass all the way to the Atlantic Ocean.

Why all this fuss over an "overvalued" morning line? Well, there are a few main reasons. First, is that it decreases value for the handicapper. How? When it comes to the multi-race exotics all but the most disciplined of players will look at the morning line when considering whom to add in the later legs of those bets. Horse players are always looking to add value in the form of longer odds horses when playing. So if two horses have the same odds, the more likely they will be used in an equal manner. However, if those horses who have the same odds do not have an equal chance (or very close to it), and one should be at higher post-time odds, that mistake in the line will cost the bettor both in the investment and the payout. This issue will especially affect newbies bettors, who depend on the morning line more than the seasoned horse players to help them make decisions on who to use and who not to use. So when a bad line exists on a daily basis at a meet, it erodes value on every possible bet, costing the bettor several times during the meet.

Another reason a consistently overvalued morning line is worthy of an uproar is that it subconsciously destroys the trust between the bettor and the track. How so? Let's use this example: If a company claimed that a product would deliver a specific range of performances, but if the product's performance consistently failed to fall into the range, the consumer would have less faith in the product, and would be less likely to consider using the product and what it is associated with - So if the morning line is consistently incorrect, the betting public will have less faith in it. If the bettor has less faith in it, they are unlikely to use the line and play the racing associated with it. The bettor's decision not to play the track is their way of exercising their free market ability against an unfavorable situation. The lack of trust causes the serious bettor to go elsewhere with their wagering dollars.

The newbie bettor is affected differently by a consistently overvalued morning line when it comes to the issue of trust. Since the track puts out a morning line with the specific intent of helping the bettor, the line's relative accuracy is imperative. With the newbie's dependence on the line, a track would be remiss if it did not provide a competent morning line. If the track is endorsing a consistently overvalued morning line, it is doing a disservice to the bettors by willingly misleading them. If a newbie bettor feels taken advantage of by the track, their discretionary money will be taken to another track or even towards a different sport entirely.

So there's my 'ten cents' on why a overvalued morning line is a bad thing for any level of bettor, whether the $2 type or the $20,000 type. Agree? Disagree? Comment below and help further the discussion. Maybe with enough buzz about it, overvalued morning lines can become a thing of the past.