• Document: BETTING CHEAP CLAIMERS
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Betting Cheap Claimers 1 BETTING CHEAP CLAIMERS STANFORD WONG Pi Yee Press Betting Cheap Claimers 2 BETTING CHEAP CLAIMERS by Stanford Wong Pi Yee Press copyright © 1992 by Pi Yee Press. Reformatted in 2007. All rights reserved. No part of this book may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the publisher. Inquiries should be addressed to Pi Yee Press, 7910 Ivanhoe #34, La Jolla, CA 92037. ISBN 0-935926-16-X Betting Cheap Claimers 3 PREFACE Betting on horses is fun. You have mountains of information to analyze. You can back your analysis with hard cash. You can compete against other people who are trying to do the same thing you are. You can yell at the horses and jockeys. You have to wait only minutes until the race is over and you learn the correctness of your analysis. You can interact with your opponents, the other bettors, as much as you want before, during, and after the race. On page 164 of Betting Thoroughbreds, Steven Davidowitz says to get ready to bet just one track “takes about thirty to fifty hours of advance work, requires two hours of daily follow-up, and yields approximately one to three good bets a day.” Other expert handicappers probably would agree with Davidowitz on the hours invested. And they probably would agree on the num- ber of worthwhile bets per day. Tom Ainslie, one of the most respected names in handicapping, mentions days when he went to the track intending to bet but ended up making not a single bet all day. Betting Cheap Claimers 4 Suppose you don’t want to devote thirty to fifty hours to learn all about one track. Suppose you don’t want to devote two hours a day to keep up with one track. Suppose what you do want is on occasional visits to Las Vegas to be able to walk into a racebook and find a good bet. If that is what you want, then this book is for you. This book explains three ways that a casino cus- tomer who visits a racebook only occasionally can make money betting on thoroughbred horses. These three things do not require a continuing daily invest- ment of time to keep up with the news of the sport. ACKNOWLEDGMENTS Many people made helpful suggestions on pre- publication drafts of this book. Much of what is good about this book is due to their comments. Some of them did not give me permission to name them here. Those that are willing to be thanked publicly are listed alpha- betically: Barry Burkan Barry Meadow Bryce Carlson David Rogers Anthony Curtis Donald Schlesinger Dave Douglas Laurance Scott Marvin L. French John Slivka John Gollehon John Speer Dave Mackett Howard Stanley Warshaw Mason Malmuth A special thanks to Barry Meadow, John Speer, and Howard Stanley Warshaw, whose comments were particularly helpful. The author accepts full responsibility for any er- rors that remain. Betting Cheap Claimers 5 CONTENTS PREFACE ................................................................. 3 Acknowledgments ................................................................ 4 LIST OF TABLES ...................................................... 8 CH 1 INTRODUCTION ............................................... 9 Cheap Claimers Defined ....................................................... 9 Casino Racebooks .............................................................. 10 Daily Racing Newspapers ................................................... 11 Handicapping Tournaments ................................................. 11 Show and Place Bets ......................................................... 12 Pick Pools .......................................................................... 14 Similarity to Stock Market .................................................. 15 Handicapping ...................................................................... 16 Finding Bets With an Edge ................................................. 17 The Rest of this Book ......................................................... 18 CH 2 TOURNAMENTS ............................................ 19 Tournament Format ............................................................ 19 Strategy for Getting a Big Edge .......................................... 20 Consistency Tournaments .................................................. 26 Rebet Tournaments ............................................................ 26 CH 3 HORSES TO BET AGAINST ........................... 29 Horses Too Good to

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