Information Overload:
How NOT to be
Overwhelmed by Too Much
Information
by George Kaywood
|
I have watched the
proliferation of handicapping information with equal amounts of amusement
and
apprehension.
Apprehension
because, having kept records on jockey and trainer strengths and weaknesses,
for one example, seeing such information widely disseminated diminishes
the wagering value of such information. Or, for a more blunt example: you’ve
sniffed out a moderate-odds horse that figures strongly to win. You tell
the biggest bettors at the track, who include you in their group because
you have such great information and handicapping ability, and what happens?
BAM! The 10-1 horse you came to bet is now 5-1! Yes, this may be a bit
of an extreme example, but you get the picture.
Amusement, because
we’ve gone well past the point where managing lots of information was relatively
easy.
Look at any set of past
performances in the Daily Racing Form. Sticking with our example
of jockey and trainer info, we have not one, but two sets of information,
for each. Suppose it’s early in the year. Does a lower win (or in-the-money)
performance, even taking into account a smaller number of races, mean that
the person is in a slump compared to last year? If your edition of the
Form
features the Track Facts Handicapping Statistics page, now you’ve
you got MORE trainer or jockey info:
Average Win Mutuel
per Day
Sprint Wins per Start
Route Wins per Start
Main Track Wins per
Start
Turf Wins per Start
Maiden Claiming Wins
per Start
Other Wins per Start
30-day Streak
10-Day Streak
Wins and In-the-Money
% with Favorites
And we haven’t even
begun to consider any information about the horse itself yet!
BRIS recently introduced
a new product, Quick Play PP’s. These past performances are similar in
format to a Daily Racing Form layout, with one particularly notable
exception: A rectangular box extending from left to right across the top
of each set of pp’s, divided into two boxes. The box on the left contains
“positive comments” about each horse and the box on the right contains
“negative comments.”
In the case of a horse
like Classic Zipper, in the fourth race at Penn National on July 29, the
positive comments box was empty and the negative comments box contained
this information: “Finished far back in last start – Poor Speed Figures
– Only 2 wins in 39 career starts – poor trainer win% - Poor record at
this track.” While you can see this information by looking at the pp’s
themselves, it certainly is convenient to have this style of interpretation
available in this format. The horse is an easy throw-out.
But what about a horse
like Foxy J.R., in the same race?
Positive comments:
Negative comments:
Beaten by weaker in
last race
Poor speed figures
in each recent start
Best speed rating
is well below the average winning speed
Contender or not ?
Foxy J.R. won the
race.
Whether using such
easy-to-read spelled-out comments or collecting this information to consider
by studying the pp’s themselves, casual players run the risk of falling
into a dangerous trap: developing the mindset that says there are more
factors on one side than another, and betting accordingly.
Information overload.
So how DO you determine
whether one or one set of factors is truly the information that
points you towards cashing your wager?
KNOW THE TRACK YOU’RE
PLAYING.
When it comes to handicapping,
with one or two special exceptions, recent information beats historical
information, and current information beats them both.
Most of the time, current
track bias dominates all other information. So you know how dirt routes
were won yesterday-and the day before? How about turf sprints? Is there
a running style imposed on the runners by tracks labeled sloppy or muddy,
that is strong and consistent?
Is a trainer having
a great week? When a barn starts winning races in clusters, you need to
give extra weight to that barn’s entries, especially if the wins are coming
ahead of a stakes or major race next weekend. “When You’re Hot, You’re
Hot” is more than just a song title when it comes to racing.
The Big Question,
then, with the huge amount of handicapping information at your disposal
today, is “Which factor, or factors, in a given race are the dominant
ones, the ones that are more important than other positives or negatives?”
The answer is that it
all depends on the type of race in question and knowing your track.
Hey-if it was easy,
we’d all be winners!
We’ll look at different
types of races, and what types of handicapping are currently suited to
each type in future articles. |