Last week I won a little over $100 on a horse race. Now for most people this is a big deal. For me? Not so much. It isn't the first time I've had a decent win nor will it be the last. What made this one special though, it was with the last 8 bucks in my wagering account.
From August to October of last year I was relying on horse racing, and my winnings from handicapping, as my primary income. I'm a decent handicapper. I had started with a base capital of $250. With every win I withdrew the winnings and left $250 in my account. I played till it ran out. That's where the $8 came in. I thought of waiting till I found a play to make. The thing about doing that, and handicapping in general, is that it would be an insane time commitment finding that one play. A diligence above the harsh norm already required. So I took my winnings and cut my losses. I hung up my brief handicapping career at the end of October.
Last Thursday, since I had been a bit more flush recently, I deposited some money back into my account with the intent of playing casually. I added $75. I wasn't going to play Thursday, having not fully prepared, but had received a free handicapping report that I occasionally purchase. I forgot which race it was at Aqueduct, maybe the 6th but I did decide to make a wager. Not because I couldn't resist making a wager with some extra money to burn but because I'd be a fool not to.
It was a textbook play. Quite literally. Straight from the book. It was actually one of the last bits I read in the most recent handicapping book I delved into. It was a maiden claiming race, a race for horses who have yet to win. This class of horses is near the bottom of the rung in all of horse racing. Especially if it is a cheap claiming price, which equates to cheaply priced horses since they can be bought before the race for said claiming price.
Out of the horses running a couple would have been smart but not well paying bets. Safe bets. "Chalk" bets as handicappers call them. One horse, one very un-bet horse, stood out. He had run one race, a Maiden Special Weight (MSW). It's one step up for horses who have never won. These are horses that show a bit more promise. The future Kentucky Derby and Belmont Stakes horses run here. This horse ran one MSW, showed some early speed but didn't have a spectacular finish. He was benched for a month or so and brought into Thursday's race. And he was overlooked by the gambling public.
This is what makes someone a great handicapper. They find the wagers the public doesn't. The horse was going off at 42-1. A MSW horse dropping to Maiden Claiming is a classic "class drop" to look for in horse racing but usually is only acknowledged as positive if the horse has a bit more to show than this particular horse's lackluster one race. Except that if you paid attention a bit more closely you would notice it wasn't so lackluster. He showed some speed, and this was his second start, he was almost guaranteed to improve, like all horses do their second time out. I had read about finding this kind of horse and how the public generally overlooks him. I was looking at the exact situation described in my textbook (for lack of a better term).
So I took those last $8 and made a play, just to see if I could have brought myself back without my additional deposit. That was my only mistake. The horse finished second behind one of the safer favorites and my exacta gave me a $100 boost to my wagering account balance. And now I'm back. Time to give handicapping another shot, because I'm good at it and I love it. I love the sport, I love the thrill, I love the challenge of deciphering/handicapping a race card, I love the simplicity in my preparation and reading paying off and I love being good at it. But now you'll share in it. In my next little ride. I'll be posting some picks and how I feel about some results.I'll be posting both success and failure, both due to luck and skill. Most of all, hopefully, we'll see how much fun it is and ideally maybe I'll win a couple new fans of horse racing (and handicapping).