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dnlgfnk
01-10-2016, 11:10 PM
Once upon a post, "Just Ralph" essentially stated to me that any handicapping idea could be programmed. That concept occasionally returns to me, as it did after the 2nd race at Santa Anita today, wherein I had a successful interpretation of the race.

I've no concern or care for suspicions of "redboarding". The issue for me is the capacity for programming the aspects of thought mentioned in the title. In preparing for the coming handicapping year, I would love to be able to arrive at conclusions with more speed and quantity.

The following is my potential trip scenario, followed by superficial comments which serve as a type of "search engine", whereby I arrive at deeper subjective conclusions. They have been formed over time and experience, i.e., a mental database compiled largely by years of observing horses' finishing positions relative to their odds. I assign confidence values to the various significant aspects of the comments/factors (as well as tote-smoothing), or more to the point, the deeper conclusions they lead me to.

In the hunt for overlays, I begin with a negative perspective (red) of every horse, beginning with the ML favorite. Inversely, I establish any positives (light green) for the field beginning with the longest odds, matching those factors against the still negative view of the more probable horses in order to justify the positives of longshots, if able.

7
2 456
3
1

R2--SA 8F 4+ A40k(N2L)

5 Miss Star Maker) broke from outermost pp last 2 races; easy win vs m20k field (79 win fig);draws outer speed of #7...potential duel or outrun for lead by that sprinter/ speed threat has stalked at 7f; pp5 of 5 last out--draws inside main speed foe; favorite.

4 Blondy's Reward) lacks high speed but races only evenly--draws inside #'s 5-7 to ft/ competitive figs; draws inside big speed, force their effort to ft; stalk for piece of exotic?

2 Bijoux) speed vs M20k @ Lrc (79 win fig); draws much speed from outside--closed 4l 3 races ago/ has closed 4L previous @ 1m--could potentially stalk, save ground turns; force pace to ft inside 4 other speed foes.

3 My Sweet Afleet) not close last 2 races; last 8 races = 0 for 8 vs A40k/nw2l...last 5 hasn't shown early speed; draws pp3 of 7 after last closest recent fin was wide rally/ gets contentious pace; strong closing ability vs winners; #7 takes out #5 & #4 regarding those common opponents in last 2.

7 Emotional Drive) sprinted to win at 5f vs M20k @ Lrc (81 field); stops at 5.5f when not clear lead; outside four other potential speed rivals to ft/ superior speed; utilize outside footing to ft; burn up other speed.

6 Nazareth) sprinting last 7 races; draws sprint speed of #7 & inside her; seems to need lead w/o able to get it in sprints- even at 7f; 0 for last 7 vs $25kclm(nw2L); Chantal?/high stalking potential clear 2nd possibly inside--secondary sprint speed to #7--can keep her outside or force effort to ft.

1 Lindy Hoppin) lacks early speed vs M20-M26k @ GG; draws pp1 even more slowish brk; poor pct. jck-trnr; best fig 78 & still mdn; closest fin 3 by 3/4 to M20k (73 field)/ gets very contentious pace or lone leader; potentially saves on turns.

My Sweet Afleet (#3) was a strong overlay based largely upon the potential pace, her capability of closing vs. equal or better fields, and other minor factors. The 2nd finishing favorite was designated below the winner due to the virtual impossibility of reproducing the win of two races ago with the presence of #7, plus the tendency to seek the front at 1m despite stalking in sprints. She scored strongly most by tote smoothing.

Anyway, with my subjective factors constantly changing their value or even applicability from race to race, and the manner in which language such as I have written in the comments section fails to represent the depth of the actual thought process involved (intuition, creativity, speculation, etc.), how can that endeavor be possibly managed into a technological endeavor?

Dave Schwartz
01-10-2016, 11:56 PM
how can that endeavor be possibly managed into a technological endeavor?

You have raised the bar to a very high level.

Not only must the data be interpreted properly with some very significant A.I., but the first thing you must have is a completely separate layer of A.I. just to understand the words.

Natural Language Processing (NLP) is a field of A.I. all unto itself.

The project you are talking about is being developed at places that receive multi-million dollar grants.

dnlgfnk
01-11-2016, 12:50 AM
You have raised the bar to a very high level.

Not only must the data be interpreted properly with some very significant A.I., but the first thing you must have is a completely separate layer of A.I. just to understand the words.

Natural Language Processing (NLP) is a field of A.I. all unto itself.

The project you are talking about is being developed at places that receive multi-million dollar grants.

In other words Dave, in our lifetimes, the deeper that one (not necessarily me) possesses the capacity for the type of insightful thought I described, the less his sense of the race can be represented technologically?

I wouldn't be content knowing that a significant factor was in play for this single-race event, that I couldn't convey to a programmer due to the limits of speech vis a vis our deepest sense of experiential/intuitive knowledge.

thaskalos
01-11-2016, 12:59 AM
In other words Dave, in our lifetimes, the deeper that one (not necessarily me) possesses the capacity for the type of insightful thought I described, the less his sense of the race can be represented technologically?

I wouldn't be content knowing that a significant factor was in play for this single-race event, that I couldn't convey to a programmer due to the limits of speech vis a vis our deepest sense of experiential/intuitive knowledge.

Welcome to the ranks of the discontented. :)

Hoofless_Wonder
01-11-2016, 02:28 AM
I don't see why spoken language has to be turned into code via AI. For the above example, much of the logic can be programmed into calculating the pace for race, positions of each horse in the projected pace, and then closing positions and late pace. Combine that with some variables assigned to each horse on how their past races will indicate success with the pace scenario, and it's not difficult to see the :7: go to the lead and fade in a faster than average pace, with the :3: taking command at the quarter pole and drawing off.

Now I'm not saying this is easy, as it takes plenty of code just to come up with a decent pace model, and of course many more lines of code to model in the "angles" and analysis of each of the horses' PPs. You'll have to live within the limits of some races not being very predictable, or the occasional factor that causes the race to unfold in a completely different way (i.e., jock falls off the lone speed horse coming out of the gate). If the main goal is to overcome the communication gap between your handicapping approach and a programmer's ability to convert that to a usable algorithm, then again, it won't be easy. Even when programming it yourself.

But after a while, all of the common outcomes are covered via code, which takes into account much of the experience, intuition, creativity and speculation related to predicting the finish. The difficult part then becomes weighting the inputs (which of course can change from race to race), and tracking each "intuitive" portion of the code to determine its impact and reliability. Depending on the success and accuracy of the code, it should become evident on which areas need to be improved.

Based on what I see in the above example, there's not any aspect of that, as far as I can tell, that couldn't be programmed.

Dave Schwartz
01-11-2016, 11:46 AM
In other words Dave, in our lifetimes, the deeper that one (not necessarily me) possesses the capacity for the type of insightful thought I described, the less his sense of the race can be represented technologically?

Natural language is where the bar leaps.

Thus, if you had an observer trained to quantify thoughts into data, you could make the entire process about 2 magnitudes easier.

I don't see why spoken language has to be turned into code via AI. For the above example, much of the logic can be programmed into calculating the pace for race, positions of each horse in the projected pace, and then closing positions and late pace. Combine that with some variables assigned to each horse on how their past races will indicate success with the pace scenario, and it's not difficult to see the go to the lead and fade in a faster than average pace, with the taking command at the quarter pole and drawing off.


Easy answer... if it is easy, why has it not been done?

BCOURTNEY
01-11-2016, 08:02 PM
Easy answer... if it is easy, why has it not been done?


The technology in question is NLG - Natural Language Generation.
It's a way of story telling from data. These stories can then be fed into an NLP system of analysis... or presented to humans in any event.

https://www.narrativescience.com/
https://www.narrativescience.com/sports
https://gc.com/

http://www.arria.com/

Some people already have technology generating alternative text charts of horse races strictly from the data, chart writers have consistency issues. Some of these alternative computer generated charts can even turn into a computerized voice audio and visual (a virtual recreation) of the race in question - Happening already.

BCOURTNEY
01-11-2016, 08:18 PM
https://www.recordedfuture.com/recorded-future-day-trading/

BCOURTNEY
01-11-2016, 08:20 PM
Would anyone pay for a web based service to enter a date, track code and race number to receive a text chart of the race as interpreted by machine?

What if the computer could tailor the responses in a way the recipient wanted?

More importantly what if the race text was viewed prior to a human watching a video replay or crowd-sourced to many people to ensure its correctness and assist in teaching it an a semi-supervised manner?

Would be great fun to see a word cloud for every horses past lines prior to a race.

There are a few using this technology to conduct day trading strictly off text only posting surprisingly positive returns for stocks.

Dave Schwartz
01-11-2016, 10:11 PM
Those are interesting links. Thanks.


(Truthfully, I don't care much about the language. I am more interested in applying the principle to conventional factors.)


I will be mulling.

Hoofless_Wonder
01-11-2016, 11:19 PM
Natural language is where the bar leaps.

Thus, if you had an observer trained to quantify thoughts into data, you could make the entire process about 2 magnitudes easier.



Easy answer... if it is easy, why has it not been done?

IBM created Watson - it's pretty good at chess Jeopardy, but it wasn't easy getting there.

Based on the example given, a programmer with some racing background, or a handicapper with some basic programming knowledge could bridge the gap necessary to translate thought processes into appropriate algorithms. Compared to creating a "Watson" for the track, this is easy. I didn't mean to imply that NLP was easy.

dnlgfnk
01-11-2016, 11:35 PM
I've glimpsed examples of this in recaps of fantasy football games provided to the combatants. The recaps read like articles in any major newspaper's sports section, including sarcasm and humor.

In the race I cited, my subjective analysis identified three potential overlays...#'s 1, 3 and 6. While #2 Bijou had closed those 4 lengths at a route on 10/15, she surrendered position to two rivals thru the stretch and was highly likely to participate in the pace before the stretch turn. As mentioned, #3 was solid, but I wrestled with #6 Nazareth.

How would this AI language, or a decision tree?, mimic my thought process which was fluid, visual, intuitive and speculative, rather than data derived or analytical, as I wrestled with whether Chantal would press hard to keep #7 Emotional Drive outside and under urging to the first turn, or else allow others inside her to do the dirty work while stalking to the far turn, as my prompting notes of Sunday steered my thinking ("high stalking potential clear 2nd possibly inside--secondary sprint speed to #7--can keep her outside or force effort to ft.")-- in this case to decide upon her inclusion and emphasis in the exotics. And how could it do so in countless other trip scenario situations that arise?

thaskalos
01-12-2016, 12:27 AM
Anyway, with my subjective factors constantly changing their value or even applicability from race to race, and the manner in which language such as I have written in the comments section fails to represent the depth of the actual thought process involved (intuition, creativity, speculation, etc.), how can that endeavor be possibly managed into a technological endeavor?

When JustRalph told you that "any handicapping idea could be programmed"...I doubt that he was talking about the handicapping ideas which are "constantly changing their value, or even applicability, from race to race".

Dave Schwartz
01-12-2016, 12:34 AM
How would this AI language, or a decision tree?, mimic my thought process which was fluid, visual, intuitive and speculative, rather than data derived or analytical, as I wrestled with whether Chantal would press hard to keep #7 Emotional Drive outside and under urging to the first turn, or else allow others inside her to do the dirty work while stalking to the far turn, as my prompting notes of Sunday steered my thinking ("high stalking potential clear 2nd possibly inside--secondary sprint speed to #7--can keep her outside or force effort to ft.")-- in this case to decide upon her inclusion and emphasis in the exotics. And how could it do so in countless other trip scenario situations that arise?

It would not do that.

It would create its own "thought process."

The only way it would mimic yours would be if you fed it questions where the goal was not the "right" answer but rather "your answer."

The problem is that I doubt that you could actually have a single answer.

As an example, ask yourself what is your ultimate answer for a given horse? Is it something like, "On a scale of 1-5, I give this horse a 5?" That is a good example of quantification that software could possibly come to understand.

But that isn't what most people do. Usually there is no clear output, something that a software program needs - even if it is a bit "fuzzy."

Take the "1-5" question. Software could actually deal with it is 2-ish. That could be fuzzified with a little effort. But the human must make the effort to do that.

dnlgfnk
01-12-2016, 01:21 AM
It would not do that.

It would create its own "thought process."

The only way it would mimic yours would be if you fed it questions where the goal was not the "right" answer but rather "your answer."

The problem is that I doubt that you could actually have a single answer.

As an example, ask yourself what is your ultimate answer for a given horse? Is it something like, "On a scale of 1-5, I give this horse a 5?" That is a good example of quantification that software could possibly come to understand.

But that isn't what most people do. Usually there is no clear output, something that a software program needs - even if it is a bit "fuzzy."

Take the "1-5" question. Software could actually deal with it is 2-ish. That could be fuzzified with a little effort. But the human must make the effort to do that.

Dave, thanks for your input.

You've helped me realize that it is me trying to emulate the software. I am in the early stages of scoring every piece of information I deem significant in terms of a "confidence value". And I'm very interested in the "2-ish" area, remembering that Benter effectively asked if the distance factor is solved by yes/no, 0 or 1?

Yes, it is effort and more selective action. But I hope to emphasize the units I wagered in the past.

dnlgfnk
01-12-2016, 01:23 AM
When JustRalph told you that "any handicapping idea could be programmed"...I doubt that he was talking about the handicapping ideas which are "constantly changing their value, or even applicability, from race to race".

http://www.paceadvantage.com/forum/showthread.php?t=97193&page=3&pp=15&highlight=ralph

Post # 40.

Dave Schwartz
01-12-2016, 02:05 AM
Dave, thanks for your input.

You've helped me realize that it is me trying to emulate the software. I am in the early stages of scoring every piece of information I deem significant in terms of a "confidence value". And I'm very interested in the "2-ish" area, remembering that Benter effectively asked if the distance factor is solved by yes/no, 0 or 1?

Yes, it is effort and more selective action. But I hope to emphasize the units I wagered in the past.

Take a look at "Fuzzy Logic."

It is a really simple concept but most books over-complicate it. A really good book is by Thomas Sowell. I bought it back when it was $5. LOL

http://www.amazon.com/Fuzzy-Logic-Just-Plain-Folks/dp/0966397509

Also an excellent Wiki article here (https://en.wikipedia.org/wiki/Fuzzy_logic) if you take the time to study it a little.


The deep thought version of Fuzzy Logic will always have Lotfi Zadeh as the driving force. Note that Bart Kosko wrote such a book but IMHO you'd be better off with the Thomas Sowell book if you can find it.

Really great examples.

This stuff is really power and a huge key to doing/thinking the way you have in mind.

Example:
Think of the standard positions of basketball:
1. Passing guard
2. Shooting guard
3. Center
4. Power Forward
5. Weak Forward

Which was Michael Jordan? He was a lot of 2, with a little 4 and some occasional 1.

Now decide to what degree he belongs to each group, in terms of 0.00 (not at all) to 1.00 (completely).

Aristotelian Truth was based upon 0=false 1=true, but many questions have answers somewhere in between. That is what Fuzzy Logic is.

dnlgfnk
01-12-2016, 09:45 PM
Thanks again, Dave, for the leads.

I am deeply invested in an Aristotelian-Thomistic worldview, but when it comes to the running horse, maybe I can incorporate some Fuzzy Logic. :)

Dave Schwartz
08-27-2023, 09:52 PM
Thanks again, Dave, for the leads.

I am deeply invested in an Aristotelian-Thomistic worldview, but when it comes to the running horse, maybe I can incorporate some Fuzzy Logic. :)

Interesting POV.

Had to look it up - although I have a smattering of Aristotelian knowledge and I certainly know who St Thomas was.

Enough that a watch phrase of mine is (probably wrongly) attributed to him: The Serenity Pray.

The phrase I am enamored with is "The wisdom to know the difference," and applies mostly to people but also to situations.

My classic use lies in the fact that there are two kinds of people:
1) Those that you can actually help
and
2) those that you can only ease their pain.

Thus far, in dealing with people who ask for help, I've never met a number 2.

Never.

In all things, it is helpful to have the wisdom to know the difference.

dnlgfnk
08-27-2023, 10:57 PM
Interesting POV.

Had to look it up - although I have a smattering of Aristotelian knowledge and I certainly know who St Thomas was.

Enough that a watch phrase of mine is (probably wrongly) attributed to him: The Serenity Pray.

The phrase I am enamored with is "The wisdom to know the difference," and applies mostly to people but also to situations.

My classic use lies in the fact that there are two kinds of people:
1) Those that you can actually help
and
2) those that you can only ease their pain.

Thus far, in dealing with people who ask for help, I've never met a number 2.

Never.

In all things, it is helpful to have the wisdom to know the difference.

I had to look up the reason for my response. You had mentioned Aristotelian logic as "1" or "0", in getting at "Fuzzy Logic".

I think elsewhere recently regarding handicapping, I mentioned something about metaphysics. Science as analytics, data and measurement provides the physical structure of reality, metaphysics asks the meaningful questions. The best horse analytically, especially from a minimum of data (1 or 2 recent races), has only taken advantage of the more optimal circumstances. The overarching questions are "How"? and most importantly, "What's different today"?

The prayer sounds more like Francis of Assisi. Modern religious circles have found Thomas dry and legalistic (not true, IMO), but I champion the resurgence of Neo-Thomism.

I have learned two things since my engagement with this forum. One of them is the efficiency of the public (even before the emergence of CAW's). I still have a printout you posted of the corresponding odds to win pct. for most incremental odds at every N.A. track from 2004. I only have to make minor adjustments these days when attempting to sum to 100.

My only resistance to the technological revolution is when A.I., etc. is described in anthropomorphic language, such that I sense some individuals actually begin to extend beyond analogy. The opposing view, which I hold, is that the mind is not a computer (vs. "computationalism"). Carry on, Dave.

Dave Schwartz
08-27-2023, 11:12 PM
The prayer sounds more like Francis of Assisi. Modern religious circles have found Thomas dry and legalistic (not true, IMO), but I champion the resurgence of Neo-Thomism.

You're right!

I got my religious guys mixed up!

It's all too deep for me.

But I do believe it was wrongly attributed to St. Francis.

Doesn't matter.

My application of that quote changed a lot for me.

dnlgfnk
08-27-2023, 11:56 PM
You're right!

I got my religious guys mixed up!

It's all too deep for me.

But I do believe it was wrongly attributed to St. Francis.

Doesn't matter.

My application of that quote changed a lot for me.

I attended my grandchild's school observance of Francis of Assisi last October, experiencing the prayer and its attribution to Francis, and also the blessing of the children's animals.
I cited the error of attribution to family and friends, while also asking God to bless a certain entrant the next day at a certain racetrack. Sometimes the answer is "No".

Dave Schwartz
08-28-2023, 06:03 AM
I attended my grandchild's school observance of Francis of Assisi last October, experiencing the prayer and its attribution to Francis, and also the blessing of the children's animals.
I cited the error of attribution to family and friends, while also asking God to bless a certain entrant the next day at a certain racetrack. Sometimes the answer is "No".

Ah, the political pork version of prayer.
LOL

ARAZI91
09-01-2023, 10:03 AM
remembering that Benter effectively asked if the distance factor is solved by yes/no, 0 or 1?

I know this is an old resurrected thread but have you a source for Benter's comments on the distance factor?
Reason i'm asking is that in 1996 Benter himself published quite a rare academic paper entitled "Modelling Distance Preference in Thoroughbred Racehorses" where the process described is a bit more detailed than a binary solution of "yes/no, 0 or 1" - For it's time mathematically it is quite an elegant solution to the "distance preference" of thoroughbreds involving "curve fitting" the use of "tack points" and parabolic equations. The paper (PDF) is too large to upload as it exceeds the forum limit by a good margin but i've managed to attach a link through my BT Cloud for anyone that is interested in reading it - i've also added David Edelman's (author of "The Complete Horseplayer") 2 paper's on some very similar subject matter.

Benter - https://btcloud.bt.com/web/app/share/invite/uICnbOzI1G

Edelman 1 -
https://btcloud.bt.com/web/app/share/invite/6aGIGBEjdy

Edelman 2 -
https://btcloud.bt.com/web/app/share/invite/mK1Hb1VaU4

They may add something to the discussion.

For me the Benter paper shows how he constantly worked on and advanced his variables/factors - he gives an example of a "distance" based variable in his more commonly known 1993 paper "Computer Based Horse Race Handicapping and Wagering Systems: A Report" and compares it to the Bolton/Chapman paper of 1986 and also Stephen L. Brecher's book "Beating the Races With A Computer" (1980) both of whom were inspirational to Benter.

classhandicapper
09-01-2023, 10:55 AM
In other words Dave, in our lifetimes, the deeper that one (not necessarily me) possesses the capacity for the type of insightful thought I described, the less his sense of the race can be represented technologically?

I wouldn't be content knowing that a significant factor was in play for this single-race event, that I couldn't convey to a programmer due to the limits of speech vis a vis our deepest sense of experiential/intuitive knowledge.

Computers are going to process and weight data better than we can. However, in situations where subjective interpretation is required, you are getting closer to finding a hole in the game of the CAWs because you are either competing against another human or it’s not even coded in their model.

When I’m playing around with regression analysis of my data, the goal is to build a model that is optimized for that kind of race (stakes sprint dirt, stakes turf route, etc…) but I’m still going to subjectively put the final touches on the analysis based on intuition and experience. That’s the goal at least.

Where I struggle is not so much in ranking the horses in terms of probability of winning, but converting that into an exact odds line. Most of my bets are on horses I think are misranked because I think I know something about a horse that most other people don’t.

dnlgfnk
09-01-2023, 11:09 AM
I know this is an old resurrected thread but have you a source for Benter's comments on the distance factor?
Reason i'm asking is that in 1996 Benter himself published quite a rare academic paper entitled "Modelling Distance Preference in Thoroughbred Racehorses" where the process described is a bit more detailed than a binary solution of "yes/no, 0 or 1" - For it's time mathematically it is quite an elegant solution to the "distance preference" of thoroughbreds involving "curve fitting" the use of "tack points" and parabolic equations. The paper (PDF) is too large to upload as it exceeds the forum limit by a good margin but i've managed to attach a link through my BT Cloud for anyone that is interested in reading it - i've also added David Edelman's (author of "The Complete Horseplayer") 2 paper's on some very similar subject matter.

Benter - https://btcloud.bt.com/web/app/share/invite/uICnbOzI1G

Edelman 1 -
https://btcloud.bt.com/web/app/share/invite/6aGIGBEjdy

Edelman 2 -
https://btcloud.bt.com/web/app/share/invite/mK1Hb1VaU4

They may add something to the discussion.

For me the Benter paper shows how he constantly worked on and advanced his variables/factors - he gives an example of a "distance" based variable in his more commonly known 1993 paper "Computer Based Horse Race Handicapping and Wagering Systems: A Report" and compares it to the Bolton/Chapman paper of 1986 and also Stephen L. Brecher's book "Beating the Races With A Computer" (1980) both of whom were inspirational to Benter.

Yes, this has all been mostly discussed here in the past.
If Benter's observation about "0", "1" regarding the distance factor is not in your links, than I probably obtained it from a May, 2009 article in the actuary mag, Contingencies, and even the archived edition is no longer online.

dnlgfnk
09-01-2023, 11:28 AM
Computers are going to process and weight data better than we can. However, in situations where subjective interpretation is required, you are getting closer to finding a hole in the game of the CAWs because you are either competing against another human or it’s not even coded in their model.

When I’m playing around with regression analysis of my data, the goal is to build a model that is optimized for that kind of race (stakes sprint dirt, stakes turf route, etc…) but I’m still going to subjectively put the final touches on the analysis based on intuition and experience. That’s the goal at least.

Where I struggle is not so much in ranking the horses in terms of probability of winning, but converting that into an exact odds line. Most of my bets are on horses I think are misranked because I think I know something about a horse that most other people don’t.

I have that same struggle, class, but not without some success.
I know I have significant outcome factors that CAW's don't seem to be aware of. It's been a fun, but elusive pursuit to assign a number to them, either universally or more to my preference, in this particular one time event- today's race.

I don't share the doom and gloom over technological dominance because 1) the preoccupation with the finish of races & sexy numbers 2) because for them only measure and quantities provide objective answers, even much of modern science asserts that subjective experience (qualia)- the smell of flowers, the sight of Secretariat's blue and white silks, the sensation of pain, etc.- isn't actually a property in nature but a projection of the mind. Thus many aspects of subjective experience (e.g., the interpretation of a race) cannot be programmed.

Dave Schwartz
09-01-2023, 11:34 AM
ARAZI91,

Nice papers.
I look forward to reading them, though most are over my head.

Thank you.

thaskalos
09-01-2023, 02:45 PM
I have that same struggle, class, but not without some success.
I know I have significant outcome factors that CAW's don't seem to be aware of. It's been a fun, but elusive pursuit to assign a number to them, either universally or more to my preference, in this particular one time event- today's race.

I don't share the doom and gloom over technological dominance because 1) the preoccupation with the finish of races & sexy numbers 2) because for them only measure and quantities provide objective answers, even much of modern science asserts that subjective experience (qualia)- the smell of flowers, the sight of Secretariat's blue and white silks, the sensation of pain, etc.- isn't actually a property in nature but a projection of the mind. Thus many aspects of subjective experience (e.g., the interpretation of a race) cannot be programmed.

I'm not sure what "some success" means, especially when the term is used to describe gambling/investment performance. And, when we use this term in the current horse-betting world...does it mean that we are holding our own against the ever-improving, mega-betting computer groups?

dnlgfnk
09-01-2023, 04:58 PM
I'm not sure what "some success" means, especially when the term is used to describe gambling/investment performance. And, when we use this term in the current horse-betting world...does it mean that we are holding our own against the ever-improving, mega-betting computer groups?

In 2021, I emphasized 5 exactas at a three figure payout each, producing an end of year 30% ROI since my preference was for a fair amount of plays at smallish investment per play, with enjoyment being a heavily weighted criteria.

I suffered a moderate heart attack in the midst of that year, and have been doing a lot of refinement and mental play, working my way back, with a poor man's Monte Carlo simulation at the forefront. "If this favorite loses the race 65% of the time, what are the intra-race dynamics that will contribute to his losing"? Proceeding down the line by odds rank and potential race development, and attempting to score those factors for a confidence rating. If I can downgrade the favorite to half his public pct., per that Benter article I mentioned to someone above, I recalibrate the percentages.

If envisioning a horizontal play, I would project my own line well in advance to have a working grasp before scratches, but I lazily have been considering exactas from an Ernie Dahlmann, least-risk-for-exotic reward standpoint.

I didn't make note of the odds while loading, but in the recent 7th at Colonial it seems there was a significant late play to the #6, based upon the will pay DD payoffs. I had already downgraded him to a 7% chance, as a very likely speed duel candidate including the #'s 4 and/or 7.

IMO, there is opportunity everyday.

thaskalos
09-01-2023, 07:02 PM
In 2021, I emphasized 5 exactas at a three figure payout each, producing an end of year 30% ROI since my preference was for a fair amount of plays at smallish investment per play, with enjoyment being a heavily weighted criteria.

I suffered a moderate heart attack in the midst of that year, and have been doing a lot of refinement and mental play, working my way back, with a poor man's Monte Carlo simulation at the forefront. "If this favorite loses the race 65% of the time, what are the intra-race dynamics that will contribute to his losing"? Proceeding down the line by odds rank and potential race development, and attempting to score those factors for a confidence rating. If I can downgrade the favorite to half his public pct., per that Benter article I mentioned to someone above, I recalibrate the percentages.

If envisioning a horizontal play, I would project my own line well in advance to have a working grasp before scratches, but I lazily have been considering exactas from an Ernie Dahlmann, least-risk-for-exotic reward standpoint.

I didn't make note of the odds while loading, but in the recent 7th at Colonial it seems there was a significant late play to the #6, based upon the will pay DD payoffs. I had already downgraded him to a 7% chance, as a very likely speed duel candidate including the #'s 4 and/or 7.

IMO, there is opportunity everyday.

I wish you all the best going forward...both financially and health-wise.

dnlgfnk
09-01-2023, 09:01 PM
I wish you all the best going forward...both financially and health-wise.

Thanks, thaskalos.

Genetic, I think. Walked 2-5 miles about 5 days a week since I was 35. Probably saved my life. Took it easy mid '21 but back up to 3 miles a day, 6 challenging hills. Text my horseplayer friend occasionally that I worked 3.3 mi., 1:00:00, gate handily, weather clear. Track fast.

Best wishes to you, also.