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Investing at the Racetrack Hardcover – January 1, 1982


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Product Details

  • 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: #1,529,958 in Books (See Top 100 in Books)

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Customer Reviews

3.9 out of 5 stars
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Most Helpful Customer Reviews

14 of 14 people found the following review helpful By A Customer on December 20, 1999
Format: Paperback
Simply put, this book actually does what it says. I won't go so far as to say that it is safer than the stock market. I will say that after reading this book and studying the formulas, that I had the same results (or better) when I took a vacation and spent 2 weeks actually betting at the track, than the author did during his week at the track that he describes in his book.
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
Good Luck
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10 of 10 people found the following review helpful By A Customer on June 13, 1997
Format: Hardcover
The author's premise -- that placing bets at the horse track can be as reliable as investing in the stock market -- may be a bit hard to swallow at first... but handicapper William Scott makes the concept appear quite plausible. Scott shows a refreshing willingness to break with established traditions as he provides the racegoer with a well-explained handicapping method that attempts to remove "luck" from the equation.

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...
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14 of 16 people found the following review helpful By max fischer on June 11, 2003
Format: Paperback
IS THE PROGRAM IMPLEMENTABLE?
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.
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5 of 5 people found the following review helpful By Dale C. Howell on March 9, 2008
Format: Paperback
This is easily the best horseplaying book I've ever read, and brother, I've read a ton of 'em. Really, it's the only guide I've ever used that works at all. Its principles and betting rules are easy to understand and implement. Since it incorporates the two basic elements in the game that handicappers are forever trying to quantify-pace(or class) and speed-into one factor that he calls "internal ability time" it will make epiphanal sense to any veteran railbird. Anyone who has spent hours perusing every aspect and measurable available in the densely numbered Past Performance Charts will appreciate the simplicity of Mr. Scott's approach. Anybody who can do basic elementary school subtraction and addition and can afford a two dollar calculator can go to the track or OTB 20 min. before post time and easily handicap each race on the card before they're run. Unless you're a dolt it shouldn't take you more than 15 min. to figure a race out.
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.
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