- Hardcover: 287 pages
- Publisher: Simon & Schuster (January 1982)
- Language: English
- ISBN-10: 0671431528
- ISBN-13: 978-0671431525
- Product Dimensions: 9.2 x 7.4 x 0.8 inches
- Shipping Weight: 1.6 pounds
- Average Customer Review: 3.9 out of 5 stars See all reviews (10 customer reviews)
- Amazon Best Sellers Rank: #767,435 in Books (See Top 100 in Books)
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Investing at the Racetrack Hardcover – January, 1982
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Top Customer Reviews
The book tells you how to figure out the speed, endurance and stamina of a horse to see if he has what it takes to be up at the front when the finish line comes rolling around. I have to say that even if you don't believe what he is selling, and even if you don't follow all his little rules, the major tips he gives you in this book will definitely help out the novice handicapper and make a day at the racetrack much more fun. I mean why not, winning money is more fun than losing money. Right?
My average was on $20.00 bets. I made $70.00 per day per track bet. My worst day I lost $80.00. My best day I made $700.00
Readers new to racing will gain valuable insights into the science and art of the sport, while experienced bettors will appreciate the fresh perspective on the "accepted" methods of rating horses and their past performances.
The methods detailed in the first half of the book are explained in easy-to-follow detail, supplimented by charts reprinted from various regional editions of the bible of the racing industry, the "Daily Racing Form." While the examples and calculations are explained in easy-to-understand terms, Scott never talks down to his audience -- even the experienced horseman won't be bored. The last half of the book, which shows Scott's methods in use in each race over a typical week at Belmont, serves to cement the lessons learned.
Experienced handicappers may shudder at some of Scott's play-it-safe suggestions, and businesspeople with their 401(k) statements may roll their eyes at the idea of blowing money on the ponies, but both should put "Investing at the Racetrack" to the test. After all... it's only money...
I bought this book back in the late 80s when I went through my gambling phase, trying horseracing and counting cards at blackjack (which btw actually works but you need to bet big money b/c the margin is so slim), among other things. I used to drive 20 minutes to buy the Daily Racing Form, come back to my house and methodically key in the race histories of the horses in that day's races, and this was back in the days of the Apple II computers when there was no Internet. I wrote a spreadsheet program (in Lotus 1-2-3, remember that?) that took the data, applied the formulas and concepts in this book, and spit out what bets I should place on each race.
Well, nowadays the Daily Racing Form has all of its data available for download in spreadsheet format so if you have some decent MS Excel skills, the number crunching process can probably be accomplished quickly in the morning, allowing ample time to get to the track (I haven't actually downloaded the DRF's data, lest I slip back into my gambling phase, which I'm happy has passed).
DID IT WORK FOR ME?
Yes it worked for me. I crunched the numbers, followed the betting rules pretty much to the letter, and overall had a positive outcome over the course of 8 to10 race cards. My rate of return (net winnings/total bets placed) was pretty low, but it was positive. The system itself is very easy to implement if you can automate the data entry and calculation part of it. If you can automate that through DRF Online, the tweaking process afterwards is pretty easy and can be done at the track. Those that can do math in their head quickly and well (and think in fifths and fractions) may actually be able to pick up a DRF at the track early and get the crunching process done in their heads.Read more ›
However, it is important that you follow his selection rules to the letter, which means you will come across some races which simply are not bettable. If you have the will power to NOT bet races that are too uncertain, you're three-quarters of the way to becoming a successful handicapper anyway. Go ahead and try it yourself. Put his theory to the test. Read the book and go out and try some $2 win and place bets. Win/Place is all he suggests for his program. These are the only bets that a longtime player can steadily make money at. He also suggests some money management strategies for your bankroll which are commonsense--but that does seem to be a commodity that is in short supply.
Your % return on this method will be better than the better mutual funds.Read more ›
Most Recent Customer Reviews
This book was a very good book in terms of rating horses on their ability to make it to the finish line well. Read morePublished on December 10, 2012 by Gary Wiley
William Scott's "Investing at the Racetrack", is a viable way to handicap the races. I strongly recommend reading "Total Victory at the Track", and "How will your horse run today"... Read morePublished on November 15, 2009 by Mark E. Cline
I'm glad to have it in my collection. Mr. Scott is one of the pillars of horse race handicapping history. Read morePublished on February 16, 2009 by Brent Scott
I recommend all three of William L. Scott's books ["Investing at the Racetrack," "How Will Your Horse Run Today? Read morePublished on January 26, 2009 by Pariah
William Scott has presented a logical and conservative way to make money at the track. His ability times are brilliant and show us why one horse who runs 1:12 for 6 furlongs has... Read morePublished on October 21, 2008 by G. T. Sipe