We were never really told what Beyer was "doing wrong" according to Charlie, other than perhaps starting a stampede to the windows by his own actions on a horse that was not "live".
Bill Finley elaborated... "You didn't pick a race by trying to find the best horse but by trying to figure out who the fixers were betting on. When you were right, you got an immense amount of satisfaction, a feeling that you were every bit as smart as the cheats"...
http://www.espn.com/sports/horse/col...ill&id=2267707
