Exacta Expose [Paperback]

Douglas Railey (Author)

Book Description

Publication Date: November 1992

Douglas Railey, a former Louisiana racing investigator, takes an exhaustive, compelling and sometimes disturbing look into the nature of exotic pools to uncover profitable wagering patterns and trends that have held over thousands and thousands of races. When can you profitably bet the favorite in an exacta? When should you completely stay out of the exacta even when you have a key horse? Would you like a profitable exacta strategy? It's all in Douglas Railey's Exacta Expose. Railey is both a researcher and a race fraud investigator. For the first time in thoroughbred racing history, we are privy to a study where the author had access to all the exacta and trifecta bets made. Railey's study of the betting patterns of over 1,200 races traces every dollar wagered on every exacta and trifecta combination to see if the betting conformed to a predetermined standard for each betting combination. "Large deviations from this standard are indicative of a fix," he writes. Fixers make their biggest hauls in the exotic pools. Railey's research shows in any given race at almost every major track in the country, the exacta pool is usually twice the size of the win pool. The exacta pool conceals the fixers' larcenous action quite well. Again, overt action in the win pool, and the odds can drop from 20-to-1 to 7-to-2 in one flash. The public will kill the fixers' already smaller win pool profits. Now you'll be able to spot these suspicious patterns. Railey does a very thorough and systematic study of the exacta. His 8,111 race study spanned three years and covered 74,096 horses across 13 tracks nationwide. Railey conducted this epic research because he "had never seen statistical analysis of exacta betting patterns" and because he wanted "to see if there were any loopholes in the betting pattern that might allow someone -- me -- to make a reasonable profit from it. Therefore, my original intent was not altruistic, but rather profitability." Sure enough, he found gold and he shares it with you. This is a tremendous book. It's hard to capture its essential points narratively, but the most benefit is derived when you actually see the statistics in their corresponding tables and charts. Railey's research is so thorough and complete, and logically and neatly presented that you can look up an exacta, trifecta or daily double combinations that interests you, and all the winning trends just leap off the page at you. Many authors have preceded Railey in studying the exacta, but his work is by far the easiest to understand and apply. Profitable strategies are sprinkled throughout this book. Railey gives you a profitable daily double strategy, a profitable exacta strategy, and a profitable trifecta strategy. He tells you when to avoid the Pick-6 and Double-Tri. He shows you how to recognize "insider money." All this information is invaluable. Get the inside dope on which combinations of public wagering choices yield the best returns in the exacta and daily double. No other handicapping book is comparable to this fascinating, unique study. (Softcover, 182 pages)

Editorial Reviews

About the Author

Douglas Railey is both a researcher and a race fraud investigator. A native of New Orleans, Lousisiana, Railey was born in 1930. He graduated from Lousiana State University with a B.S. in Petroleum Engineering. Whil in the Air Force, Railey studied statistical analysis at Stanford University and computer science at Missouri University, and retired from the Air Force after 20 years of service as a Lt. Colonel. While in the service, Reiley's travels provided him with the opportunity to visit most racetracks, not only in the United States but also in Europe and the Far East. Railey presently works as a part-time consultant to the oil industry and as needed with the Lousiana State Police Racing Investigative Unit.

Product Details

• Paperback: 182 pages
• Publisher: Cynthia Pub Co (November 1992)
• Language: English
• ISBN-10: 0961416866
• ISBN-13: 978-0961416867
• Product Dimensions: 8.3 x 5.3 x 0.5 inches
• Shipping Weight: 9.6 ounces
• Average Customer Review: 3.7 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #3,542,240 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

3 of 3 people found the following review helpful:

5.0 out of 5 stars Another Reader with a completely different opinion, April 4, 2000

By A Customer

This review is from: Exacta Expose (Paperback)

This is a truly excellent book. Most handicapping books are pure opinion with only anecdotes to back up the conclusions. Railey's book is packed full of statistics which support his conclusions. And these data weren't available to everyone -- as an insider working with the Lousisana State Police, Railey had access to wagering data directly from the tracks.

Most of the chapters end with a summation of the most notable findings and profitable areas found in that chapter. There's page after page of useful information in this very substantial book.

Also, this book is not just dry statistics. There's a narrative involving some of the larceny that goes on at the racetrack, like jockey Sylvester Carmouche who hid in the fog at the quarter pole at Delta Downs until the other horses came around, and then finished lengths ahead, never having gone around the course. Railey writes well and actually has something to say, unlike many handicapping authors.

1 of 1 people found the following review helpful:

5.0 out of 5 stars Milkshakes & Michael Gill, January 25, 2005

By 

Fred Corsiglia (Yuzhno-Sakhalinsk, Russian Federation) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Exacta Expose (Paperback)

In this era of milkshakes and Michael Gill, this book delivers useful information about tote board watching and betting designed to protect the informed bettor. The information may be a bit dated, but very relevant nonetheless. Great stories from Louisiana racing scams in the late '80s, including reference to jockey's who still ride today. I don't see how this book would not be a worthwhile purchase.

1 of 3 people found the following review helpful:

1.0 out of 5 stars The useful information in this book filled 2 pages., September 13, 1996

By A Customer

This review is from: Exacta Expose (Paperback)

The author wastes a book devoted to discussing the statshe used to draw his conclusions on the correct way to betexactas. His "method" ultimately filled only 2 pages. I felt cheated considering the high price of the book. I do not recommend reading it.