Race 6 at Gulfstream, Sat., Sept. 14

The program had another good result Gulfstream, this time in the 6th at Gulfstream, a $16K claiming race at 1 mi. off the turf for three-year-olds. The second selection was the one to pay attention to in this race in #6 Youramystyle, who had a total win probability of 15.53%, translating to theoretical odds of 5-1. A lot of the time, having a higher CV value is a bad thing, where a horse projects stronger than he actually is. But other times, the higher CV value or risk of the horse can be used to reap greater returns than playing a favorite at 9-5. Youramystyle projected first in final speed with a win estimate of 28.1% (about 5-2 equivalent), a LP projection of 34.1% (2-1 equivalent) and a COMP of 15.5% (5-1 equivalent) while having high risk with a CV value of 19.2%. In spite of its elevated risk, the horse was mispriced until seconds before the start, literally going from 20-1 to 11-1. Below there are two screen shots of the odds, showing them going from 18-1 to 11-1, where they settled. This huge drop in the odds of the horse shows how prevalent quantitative handicapping is at the big tracks like Gulfstream, the kind of that is offered in Pro-Handicap Wizard software and practiced in quant handicapping funds in Chicago, which have been written about in articles on horse racing in the last few years. This software was programmed very much in the Chicago tradition, thanks to the mathematics contribution of a former graduate professor in statistics at at Indiana University. It paid to take a risk on Youramystyle in this race, who not only had good speed projections but also had came into the race in good form, having the highest final speed figure of any horses in their last race with 80. The pool discounted the horse because of higher risk, but form was more important in this race than strictly viewing the risk. In the race, Youramystyle went out to the lead and held on to it for most of the race until he weakened late and was beaten by #5 Stingmusic at 2-1. Stingmusic’s low odds were explained by he having won his last race at the same stakes level. Youramystyle paid $10.40 for the place and $5.60 for the show.