Misinformation Beating Horse Racing Enthusiasts

22 Apr.

Most people who become interested in racing, if pinned down and forced to tell the truth, the whole truth and nothing but the truth, would admit that they know very little about horses, racing and the figuring of winners. Whether or not they admit these facts to you or to me, nevertheless they know them in their own hearts. The net result of this condition is to throw a substantial majority of bettors on the mercy of those who claim to know what it is all about.

Hence, at a track, you will see spectators running about with a racing sheet, their eyes glued on the selectors’ pages rather than on the pages where the cold past performance records of the horses are displayed. Or you will see them consulting the graded handicaps of a single selector employed by a daily newspaper, or perhaps a consensus of the opinions of selectors on several papers in the same city.

If they are not following the selectors on a racing sheet or a regular newspaper, the chances are they will be following the choices of a scratch sheet or a tip-card sold at the track. And if they are doing none of these things the odds are that they are betting what they fondly believe to be stable information, or a friend’s tip, or anybody else’s tip.

Inability of the public to figure fields of horses results in their turning avidly to any other source of information that they believe to be better qualified than themselves.

Therefore they support the appalling mass of printed tosh that clutters up the newsstands of the country, as well as (lie nondescript crew that “hustle” at the tracks in person, dealing out supposed information and winners to the credulous in hope of a cut on the profits if something they mention happens to come in.

The game cannot be beaten by buying newspapers or by sleuthing around for stable dope or listening to hustlers at the track. No racing sheet or daily newspaper selector in the country ever shows a profit on all his top horses over a period of a year; therefore anyone who plays selections of horses from among such selections is certain to wind up with a healthy loss.

No scratch sheet ever has shown or ever will show a profit from all its top horses in all races, so that one who picks around among them also is bound to wind up in red ink. Some stable information is worthy of respect, but mighty little of it. Nothing but grief can come from following the guidance of a hustler who has tipped each of the horses in a six-horse race in the certain knowledge that something is bound to win it and he can get a trifle from the player who happened to get the winner.

The sources from which a horse-ignorant public gets the names of animals on which to wager can be broken down into four main categories. These are: (1) Touts or hustlers at the track; (2) tip-cards sold at the entrances to a track and at a few newsstands in a near-by city; (3) weekly turf sheets sold by subscription and at newsstands; and (4) scratch-sheets, standard racing sheets and daily newspapers offering the selections of handicappers employed by them.

If you’re going to get interested in horse racing, avoid these scams by building a basic foundation of horse racing information and learning about the horses competing in the race before you go to the race.

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This entry was posted on Tuesday, April 22nd, 2008 at 12:00 am and is filed under Gambling. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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