Does Barry REALLY Make Money?

[ComeOnFred]

On the USTA site, Dean Hoffman profiles a horseplayer named Barry.

http://www.ustrotting.com/absolutenm/anmviewer.asp?a=30661&z=1
http://www.ustrotting.com/absolutenm/anmviewer.asp?a=30601&z=38

While Barry has a few strange opinions (not into computers, odd numbered horses fare better at some tracks) he claims to do well by using a simple system - in every race he throws out the favorite and boxes the 2nd, 3rd, 4th and 5th favorites in the triple.

Anytime someone says something like, "I don’t actually keep track of how much money I’ve made, but I know I do really well”, you know this is a person who consistently loses his shorts.

So it seemed like it would be shooting fish in a barrel to disprove Barry's contention that he makes money at The Meadowlands, The Meadows and Woodbine with this simplistic, mechanical, non-handicapping system.

But guess what?

Much to my surprise, he does.

[ComeOnFred]

Meadowlands

Barry would have cashed a triple in 40 of the first 439 races this year (9% winners) with an average payout of $315. His investment of 439*$24 = $10,536 would have returned $12,600 for a profit of $2,064 (20%).


Meadows

Barry would have cashed a triple in 29 of the first 295 races this year (10% winners) with an average payout of $339. His investment of 295*$24 = $7,080 would have returned $9,831 for a profit of $2,751 (39%).


Woodbine

Barry would have cashed a triple in 24 of the first 266 races this year (9% winners) with an average payout of $403. His investment of 266*$24 = $6,384 would have returned $9,672 for a profit of $3,288 (52%).


Combined

Barry would have cashed a triple in 93 of the 1,000 races this year (9% winners) with an average payout of $345. His investment of 1,000*$24 = $24,000 would have returned $32,103 for a profit of $8,103 (34%).

[Ray2000]

Oh great, now the secret's out. :)

[sly fox]

is the avg. payout for a dollar?

cheers

[whyhorseofcourse]

Betting trifectas under his system practically guarantees that when Barry hits, he’ll get a sizable payoff. Some rewards go well beyond the $600 limit that the IRS requires winners to sign a tax slip.

Barry seldom signs such slips, preferring instead to find someone who will sign for him for perhaps a 10 percent reward.

“There are guys who come to the track just looking to sign for people who win big,” he says. They then assume the tax liability.




Are you kidding me did he just admit that?

[mrroyboy]

Keep track of it for six months and give me the results. Especially at Meadowlands. Then I might beleive it

I thought I had a master system at Yonkers. Take my pick and play it front and back with the 4 inside horses. Made good money for a while. Then----
Anything can look good for a short while.

[MONEY]

On the USTA site, Dean Hoffman profiles a horseplayer named Barry.

http://www.ustrotting.com/absolutenm/anmviewer.asp?a=30661&z=1
http://www.ustrotting.com/absolutenm/anmviewer.asp?a=30601&z=38

While Barry has a few strange opinions (not into computers, odd numbered horses fare better at some tracks) he claims to do well by using a simple system - in every race he throws out the favorite and boxes the 2nd, 3rd, 4th and 5th favorites in the triple.

The problem with his system is that in many races the favorites as well as the odds on the other horses are not clear until the races are over.
Barry probably did the same thing that you did and checked the results after the races, to come up with his system.

money

[Steve 'StatMan']

Betting trifectas under his system practically guarantees that when Barry hits, he’ll get a sizable payoff. Some rewards go well beyond the $600 limit that the IRS requires winners to sign a tax slip.

Barry seldom signs such slips, preferring instead to find someone who will sign for him for perhaps a 10 percent reward.

“There are guys who come to the track just looking to sign for people who win big,” he says. They then assume the tax liability.



For "Barry's" sake his name had better not be "Barry" and he better not use a betting rewards card with a player tracking number so that his 10 percenters cannot match with a card with that number in their own name.

[whyhorseofcourse]

For "Barry's" sake his name had better not be "Barry" and he better not use a betting rewards card with a player tracking number so that his 10 percenters cannot match with a card with that number in their own name.

For real.
I dont know what is worse an avid horseplayer admitting to that or UStrotting publishing that.

[Ray2000]

I did this pretty fast and didn't run error checks but

Big M in 2008....... 1371 races in my base (no coupled entry races) 1/2/08-8/2/08

Barry, real or imaginary, bets 24*1371 = $32,904 on the 2nd 3rd 4th and 5th favorite in trifecta box

gets back $26,164 for a loss of $6,740 ...-20.1% ROI

[LottaKash]

I did this pretty fast and didn't run error checks but

Big M in 2008....... 1371 races in my base (no coupled entry races) 1/2/08-8/2/08

Barry, real or imaginary, bets 24*1371 = $32,904 on the 2nd 3rd 4th and 5th favorite in trifecta box

gets back $26,164 for a loss of $6,740 ...-20.1% ROI

Thx for the reality check RAY......that seems more in line with the truth of the matter.......:cool:

best,

[ComeOnFred]

Apologies to all.

My error (as noted by sly fox) was using a $2 triple payout on a $1 triple box, thereby overstating Barry's winnings by a factor of 2. Here's the corrected numbers, which are far more believable :


Meadowlands

Barry would have cashed a triple in 40 of the first 439 races this year (9% winners) with an average payout of $157. His investment of 439*$24 = $10,536 would have returned $6,300 for a loss of $4,236 (-40%).


Meadows

Barry would have cashed a triple in 29 of the first 295 races this year (10% winners) with an average payout of $169. His investment of 295*$24 = $7,080 would have returned $4,916 for a loss of $2,164 (-31%).


Woodbine

Barry would have cashed a triple in 24 of the first 266 races this year (9% winners) with an average payout of $201. His investment of 266*$24 = $6,384 would have returned $4,836 for a loss of $1,548 (-24%).


Combined

Barry would have cashed a triple in 93 of the 1,000 races this year (9% winners) with an average payout of $172. His investment of 1,000*$24 = $24,000 would have returned $16,052 for a loss of $7,949 (-33%).


Apologies.

[camluck49]

Barry is probaly not even real? Hittin races isnt the hard part. Betting properly and maximizing your winnings is the hard part. Every above avg capper will cash tickects but even when i cash it should be for more. :bang:

[sly fox]

On the USTA site, Dean Hoffman profiles a horseplayer named Barry.


imagine printing this pap,
I am not impressed with
Mr. Hoffman.


cheers