Ainslie's Fundamental
Launching Pads
by George Kaywood
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This is the first in a four-part
series discussing the "fundamental launching pads" of handicapping suggested
by Tom Ainslie in Ainslie's Complete Guide to Thoroughbred Racing.
Without a doubt, assessing current
racing condition is the toughest challenge facing any handicapper. Read
twenty books on handicapping and you'll find twenty different ways to handicap
condition. No wonder beginners are confused when they encounter this handicapping
factor.
Let's look at some of the most popular
and most important concepts that come under the umbrella of the condition
factor, and try to formulate a workable conclusion to handle it.
Recent Action
Just as it's a truism that favorites
win a third of all races, so is it a truism that 2/3 of all races are won
by horses who most recent start was within a couple of weeks of the winning
race. But this is no big deal, simply because "2/3 of ALL horses that go
to the post have had a race within two weeks!" This, according to Ainslie,
as far back as 1968-33 years ago!
Workouts
It seems to me that the most regularly
repeated comments one can overhear in casual conversations at the track
or OTB made by regular players are variations of "Workouts don't
mean nothin!" or "You can't trust workouts." In Ainslie's book (remember,
published in 1968), Tom lists 8 specific ways a trainer can manipulate
a workout to be misleading!
This is not to say that all
workouts are to be construed as misleading. However, the smart thing for
a handicapper to do is to consider the frequency and length of workouts
leading up to a race (especially after a layoff), rather than the published
times. If you were to take, say, half a dozen trainers whose winning style
impresses you and keep a notebook on their racing/workout regimen, you
will probably have better information and understanding of the condition
factor after one season than 90% of your fellow players. And at smaller
tracks, this can be dynamite.
Layoffs
Perhaps the most mysterious of all
sub-factors making up the condition factor. More expensive horses can take
time off, as their training regimen consists of being prepped at private
farms, where workouts and current condition are known only to close connections.
Cheaper horses are laid off for resons of injury, of course, and by smarter
trainers simply when an animal needs rest. Again, keeping personal records
(which by their nature must be more detailed and current than many, if
not most of the ones you can buy off the shelf) is the key to this puzzle.
It's really annoying to see an animal
that hasn't raced in a full year (or TWO, in a few truly rare cases) come
back to the races and win at first asking. While the tote board may tell
you someone is betting heavily on him--which can lead to a "lemming stampede"
by puzzled bettors who want to hedge their bets--common sense seems to
tell you a win is unlikely. Best approach: pass the race. Without your
own superior records, this is gambling, not handicapping.
Form Reversals
THE most memorable overheard comment
by players is "HOW COULD THAT HORSE WIN? THIS RACE WAS FIXED!"
Granted, some may be right, whether
the "fix" was an out-of-the-movies plot, or creative use of contemporary
chemicals, if you know what I mean, and I think you do. However, many seeming
reversals of form are nothing more than a trainer--skillfully or
accidentally--placing
his horse into a race in which the horse holds several edges all the same
time--class, speed or pace, and condition--even when it looks like he is
competing against similar horses that have beaten him regularly.
I've had the good fortune (read:after
lots of hard work) to catch a couple of these. The most outstanding was
a cheap claiming race at Fonner Park, in which a horse was raced into shape
for three races, the last of which had adjusted speed and pace ratings
(made by me) that showed after the track variant was factored in, the horse,
who finished 7th in a ten-horse field, had had a major tuneup and was ready
to roar. He was nailed at the wire by the favorite, but the $2 exacta,
with him running second at OVER 100-1, returned $729. Others at my tabled
muttered "...fix!" but I knew why that horse ran as well as he did.
There was no fix, no chemical enhancement. And I mention this in detail
to demonstrate that it takes WORK and that you won't find
bets like this every day.
But even once in years is
enough, not just for bragging rights but as reinforcement that you can
win
at the races.
Deciding whether a horse is running
over its head can largely be a part of those personal records I referred
to above. With today's super-inflated purses for ultra-cheap horses at
tracks where slot machine revenue pumps up purses, your own records are
what tells the truth and makes it somewhat easier from a form point of
view to have a better handle on condition.
Cheaper and Better Horses
Better horses keep their form longer
than cheaper ones. Workout patterns,coupled with trainer records, usually
tell the story if better animals returning from layoffs can pop first time
or need a tuneup or two, like their less-well-bred claiming friends.
Form Cycles
You've seen horses that can hold
their form for a long time, as evidenced by their pp's. But what about
the ones who go in and out of condition in erratic patterns? The ones that
can win a couple in a row, then seemingly win here and there with no discernible
pattern? Certainly the class factor comes into play, and juggling class
and condition in races like these is a fabulous example of what makes handicapping
an art and not a science. From a condition point of view, I look for a
horse that flashed early pace or stayed fairly close to the pace in a race
following a couple of lackluster, even or worse performances. This is a
sign of improvement that must be used by a trainer within a race or two.
I love second (and sometimes third) starts after layoffs, and the mutuels
are usually better than you might think.
Of course, this is not an automatic
spot play, as we're only talking about ONE handicapping factor. But it
can be a great point to start, depending on your circuit.
Conclusion
Certainly, this is an abbreviated
and cursory look at the condition factor. As we begin a new millenium of
handicapping, the most sensible approach seem to be made up of several
points:
1. Don't be bound by traditional
maxims that include automatic cut-off time periods as strict elimination
guidelines.
2. Try to keep personal, detailed
racing/workout records even if just for a few trainers at tracks you like
to play.
3. Do not ignore the factor of condition,
but regard it as one of the most "iffy" parts of handicapping.
Accepting the reality that the condition
factor must be judged more subjectively than objectively than other
handicapping factors can be judged, the reality that this factor is the
one best called an educated guess, will help keep your overall focus and
performance in balance.
And at worst, it affords a wonderful
excuse when it's tall tale time with your handicapping buddies! |