Wanted to let you know that because of covid and with my family all living on the east coast facing their own underlined illnesses that I have had to handle everything involved with losing a loved one alone.
It’s only been 8 weeks since Ed has passed and last week was the very first time that I’ve had the chance to truly mourn my loss, my love, my life, my best friend, my soul and I honestly need to take at least another week to process this major loss in my life.
Things continue to progress and I’ve been having a lot of back and forth with both the programmers and the mathematician and with these interactions our betting tool continues to evolve. As I see it (this is me talking, not the developers) we’re about two weeks away from being able to show you the progress and at that time I will set up a go-to-meeting to show you the tool and what we’ve accomplished so far.
My life with Ed has been an adventure, an actual whirlwind right up until the end. With this came a lot of great times, tough ones faced with adversity because we dared to innovate along with exhausting times, especially at the end.
I understand that we are sitting on something really big which is why I pushed through all the things I am personally going through to post the last update with the screen shots as soon as the programmers had the base of the tool available.
And now in order to be all I can be for our venture I need this brief time just to grieve and sincerely hope for your understanding.
Please Stay Safe. Look forward to being in touch soon, Susan
I’ve been looking forward to sharing these screen shots of our betting program with you so everyone can visualize the progress we’re making. Note the base algorithms of the 4 race form cycles are already showing some statistical results. Seeing this makes us anticipate the day when our module is ready to roll, though not far off, we anticipate we’ll be running tests some time in November. Though there is a great deal accomplished already there is still quite a bit to do; algorithms to build, formulas to write and to test, most of which will be at the hand of the mathematician.
Understanding we’re all anxious to move forward we chose to build the module in stages so when Stage 1 is complete we will be able to test the model and then right after validation (which could take a month) we will be able to go live, making actual bets. Stage 2 will add in more stats that were not included in Stage 1 and so on. Building this is similar to Microsoft building Windows. First they debuted with Windows 95, then Windows 98, then Windows XP, then Windows 7 and so on. We were able to use our computers when Windows 95 came out and continued to do so with each new improved version and the same will apply here.
One of the things that Ed and I have come to realize about software developers is that they are ALWAYS off when they relay time tables as to when things will be accomplished. I say this so you will know that when I share their answered time frame, I can only relay what they relay to me. To make sense of why this is, though this seems a funny example, it is a true representation. The following is a photo copy of Ed Bain’s brain:
and this is what the programmers must comprehend in order to build this program for us.
Now on to the Dazzle
This is the base of our Betting Module. When selecting Race Index date to the left the right displays a corresponding summary of what will be the best potential bets for this selected race day. Click directly on each photo to enlarge.
The first column is the Rating. Every horse in every race will have a rating determined by the conditions of today’s race and the end result is a hierarchy of how each horse is expected to perform to the algorithms applied. The program is designed to do all the culling for us. When the program is complete we will be able to go right to the Index for each race day and this will only list the runners who have a huge advantage over any other runners in that race. (Right now the index is pulling up every runner with a high number. We let the stats show so you can visualize what will soon be).
Next to the rating is the information pertaining to that race, Track is the race track Abbreviation, the race Number, the race Post Time, the race Class, the Horse’s betting number and name and then the horse’s Age. Currently missing but soon to be added is the surface.
This next screen shot continues across additional fields displayed in the index which include today’s Jockey, then today’s Trainer, then today’s Owner. The next field labeled Jky/Trn Stats will list specifically how today’s Jockey performs with today’s Trainer, and the Trainer Stats field lists how today’s trainer performs. All stats are specific to today’s track, class, distance, surface, and field size.
Though the index displays and links to the best potential bets for that day, we will not be betting every one. I will click on each one to easily review the potential bet. For this sample I chose to click to a race that you’ll note in the photo following is one that shows a large gap in the Rating hierarchy.
The first horse has a rating of 94 and the next best rating is 73 so you can see why the algorithms selected this race.
Next post we’ll take a look at the races by track and the information displayed. Then in a few weeks when we get further along we’ll set up a go-to-meeting so everyone will be able to see the betting module in action.
I want to thank everyone from my heart for your warm notes and for sharing with me what having Ed in your life has meant to you. I especially want to express how much now more than ever what your patience with allowing me this time to grieve means. Tonight it’s been 5 weeks since Ed’s passed and I feel the loss as much as if he just passed today.
I plan to post in spurts instead of trying to get to everything all at once. I have daily correspondence with all involved. Not unlike people building a house staying in constant communication with the architect and the builder. I have to let you know that sometimes it will take me a little time to get the updates to you. This is only because I am honestly drained, physically as well as emotionally. Though I will soon have some relief as I’ve just hired a much needed assistant who will assist me along 🙂
I put a copy of Ed’s 4+30 Book and my Signers Book on the site. Would like everyone to have a copy. You can download the pdf by clicking on the links with the same name at the top of each page.
Re: the aliasing mentioned in the last post. Wanted to clarify that aliasing is something that we will always need to do because every entity in racing has multiple ways their names are entered. The big challenge is initially since every name has this aliasing required. That said we’ve just about finished tackling the Jockey’s and the Trainers which is all we’ll do for Version 1. In later versions we’ll alias the Owners since they are more difficult to do.
These were the last words Ed spoke to me before coming in and out of consciousness, two weeks before his passing. And these are the words that I am holding on to today and every day I move forward because these will get me through this almost completely unbearable time of my life.
Ed’s powerful expression to me was so thought out, even in the midst of everything he was going through he chose his words carefully, said them to me in the exact way that I needed to hear them so I would be all right. Just a small sampling of how we were together. Whenever I did not know exactly what to do, what decision to make or how to get passed something that may be addressing me in a difficult way, Ed words made me think about the direction I needed to take and when he did this, I’d be able to choose a place I needed to go.
During these two weeks of mourning, missing him so badly that it hurts more than any illness I’ve fared, of feeling each day that I don’t know how I can face another day without him at my side, I hear his voice clearly in my head. He says “It’s OK to mourn, it’s OK to cry but keep going, keep taking care of our kitties...” and when he says this he includes the best ways to keep the litter box clean. He says it’s now up to me to fulfill his life long dream, what he and I’ve worked on in our shared lifetime together. To complete this venture; finish building the betting program including his thoughts, including his statistics. He said Benter made a billion dollars with limited yet focused data from a database for just two racetracks in Hong Kong. We have track specific extremely focused data for 108 total racetracks in the USA and Canada and where Benter probably built a million algorithms for his betting program our betting program will have at least 108 million more.
And from these words I sit still, listen, meditate to an even pace, and then laugh out loud about how Ed always made sure I was aware of the important fact that he cleaned the littler box better than me and smile because I finally realized he is still with me, he continues to keep me going just in a different way…. he is now in my head.
In 1998 Ed and I lived in a house that we paid cash for from a combination of winnings from the racetrack and from a small recycling brokerage company that we managed and owned. This business required a great deal of capital because we had to pay for the recyclables we purchased for the paper mills up front while the mills we sold to had terms of payment of 120 days. To fund this Ed and I put our home up for collateral to obtain a business line of credit. This loan required a zero balance of at least 30 days within each year and at this time was vastly approaching the annual date due. If we did not accomplished zeroing out this note it would be called in and we were were at risk of losing our home. It was then when Ed said “Santa Anita has a carryover in their pick 6 today, why don’t you put $100 into your betting account, relax and take a look at it!” Well……….. we hit the pick six at Santa Anita that day. It paid $88,411.00, $67,000 after taxes and we drove to Ladbroke race track (the hub that took in all the youbet online bets) in the middle of a blizzard and picked up $67,000 in cash given to us in brown paper bags. We never would have hit this pick 6 had Ed not said for me to put the money into my betting account and we used the winnings to zero out our business line of credit!
When saying there is no better feeling in the world than being loved back by the one person you truly loved, Ed is also that person for me. And wherever he is right now, I know I will be some day but until that time this love of ours has not stopped and this shared bond lasts forever and knowing this within my core being lets me know that I can move on and everything will be OK.
And to be OK means finishing his legacy where he left off and because of his careful and precise preparation, and all his feelings and thoughts he’s left inside my head, I am certain that together we are going to accomplish this.
SOME GOOD NEWS
I took the above screen shot so you can see the progress we are making on our betting program. Over the next week I will be filling you in on all the details. We’ve made a lot of progress though there is still a ways to go. We have 108 racetracks that we daily enter data for, including future entries and everything, and I emphasize everything has to match up. So there is this process called Aliasing which means a jockey, a trainer or an owner will have multiple entries under different names. As an example the jockey John R. Velazquez will be entered in our data base as J.R. Velazquez, or J Velazquez, or Velazquez, J.R. or Velazquez, J or Velazquez, John R or Velazquez, J and all these names have to be matched up. In addition there are several other jockey’s with the same last name and also with the first initial of J so when we match up the aliasing (which is something Ed and I do (did) cause we know who is who it just takes time to cull through. Multiply this by every jockey, every trainer, and every owner and you can now see why this takes time. In order to have accurate stats they have to be accurately applied to the correct person and because we’re going to be betting lots of money accuracy is essential. Then each entity has to have an algorithm applied so the program will tell us who has an advantage over who each day and then it will be up to me to choose which ones we actually bet.
Realize the most essential thing to our success is accuracy and building this program that will tell us what to bet is something that just cannot be rushed. More than anything we know you know how we wanted to have this done before Ed passed but even as much as it hurt to wait in hope that this would be here before he passed he knew and always said to do this right it can not be rushed along. Though with that said we are probably closer than you may think.
Susan and I wanted to touch base because there is a lot of
quiet time during the building process of the betting program. We did experience some delay due to the
pandemic though we’re still on track and making a lot of progress.
Our most recent accomplishment has been securing the
database, the data tools, and storage center. Basically everything connected to
our project and since we’ve been on the receiving end of cyber break ins in our
past our security is similar to the ones financial institutions take.
Currently we are in discussions with the mathematician. There
are specific tools that the programmers are building that have to be in place
regarding the input of the data from the database and equations so we are unable to put the mathematician on
board until these are complete. In our most recent discussion with the
programmers we should be ready for the mathematician around the second week in
August. We won’t know how long it will
take the mathematician to do his work though he will give us an estimate when
we’re closer to being ready.
Once the mathematician completes his work the programmers
say it will take about another month to have the module ready for use. From here we will run tests. Not making any actual bets yet, first to
confirm the accuracy. We do expect
adjustments will have to be made as this is a normal part of the module building
process. Can’t say how long this test process will take. We’ll have a better idea when the module is
There’s a lot going on in our world. Hope everyone is doing OK, healthy and staying safe. Susan and I continue to take all necessary precautions. Looking forward to the day we go live.
Ok…… we’ve formed the new LLC for our horse racing venture called Zen Racing Stats
What happens next? All investors should download and complete form W-9 and mail completed copy back to us for tax purposes. This and any open investment should be in hand when the betting program is complete and at that time we will issue the stock certificates. All investors who have already invested in full will receive their stock certificate(s) right after we have the completed tax information in hand. Once complete please mail W-9 to equistats c/o Ed Bain 1257 Oak Village Ave, Las Vegas, NV 89183.
Everything is going well with the programming. It’s taking the expected time. Like you, Susan and I are anticipating it’s completion and are looking forward to the day when we will soon be making live investments.
Stay safe and well. Will be in touch when there is new news to post. Let em roll at the quarter poll, Ed and Susan
Please be sure to snail mail completed form. W-9 contains sensitive information.
Just wanted to thank everyone who has sent in their second third of their investment before the end of this month and we appreciate the ones sending in their investment through a credit card that ran the charge through twice verses all at once. We are moving forward and will be able to hire the mathematician when needed.
Hope everyone is staying in and staying safe. Susan and I are taking all the necessary precautions and have most essentials on hand.
We’re excited about our mutual venture coming together and have been pleasantly surprised by some additional positives making their way, particularly the extra boosts of energy. Let em roll at the quarter poll……..
Wanted to publish a short post with more good news for everyone. We’ve just about finished listing all the data points for the betting program and will be handing these over to the programmers early next week. The programming will require about a months worth of set up before they are ready for the mathematician so it is very important for anyone who has put down one 1/3rd for them to send in the second 1/3rd by the end of April. If anyone wants to invest this 1/3 through a credit card please fill out the information on this authorization form edbain.com CC-Authorization-Form.pdf and then mail that to us. And for anyone who perfers to mail a check for the second 1/3 please make this payable to equistats and mail in c/o Ed Bain, 1257 Oak Village Ave, Las Vegas, NV 89183.
We’ll be setting up the LLC in May and wanted to let you know in advance that we’ll be mailing you some forms to complete and return to us for tax purposes. It’s safer to snail mail sensitive information as opposed to email.
Lastly, one of our partners in our syndicate is a well respected doctor in California and the other day he shared the following re the Covid-19 Virus that we wish to share with you.
1. It’s respiratory droplets that can go 6 feet, so keep a 10 foot distance from others as much as possible This is different than airborne, like influenza, measles, varicella, etc
2. Soap and water works better than hand sanitizer, which doesn’t work well on dirty or greasy hands, either. at it’s best sanitizer, alcohol based, works 80% to that of soap. The best sanitizer has some soap in it. Soap is nonpolar, as is the lipid in the virus particle, so it can disrupt the viral structure, leading to collapse.
If sick with fever and cough, stay home until symptoms are gone, then add 3 days. The total stay-at-home duration, beginning from the 1st day of fever must add up to at least 7 days. So, if you are sick for 2 days, then totally better, and add 3 day, that’s 5 – no good, the total must equal 7 days. —— Stay Safe. Susan and I want all of us to have the chance to enjoy the fruits from our fabulous endeavor!
This is the new secured private area of my website where we will post all syndicate updates from this day forward. We’re still working on some things and are a few days to a week away from posting. For now if you can do me a favor by replying to the email that we sent that contains your login credentials so we know that you had no trouble getting in. Thank you, Ed and Susan
Susan and I are happy that you are part of our new and exciting horse racing venture. We’ve known many of you for years, some since the 1990s when my stats were in book form and some have even journeyed with us through our online statistical reports. Welcome All! Susan and I perceive this venture the best one of all.
We’re at the point where we wish to keep our syndicate progress among us and our Members so we chose to build the private secured area now so we can post all updates. We had Cindy create pages that we will use in the future to eventually post our bets as well as the results.
There is much to do behind the scenes in putting this intricate project together and while our venture is in the building stages there won’t be a lot of updates to post.
That said we have Great News to report for our first private post that hopefully will uplift everyone in the midst of all the negatives going on with the Corona Virus outbreak. We’ve given the programmers $20K down and they have agreed to begin building the betting program the first of April! This gives us the essential time to accurately list all the data points, and there are many that they need to write. This involves telling them, step by step, exactly what we want them to do and they in turn write the code to these specifications. There are millions of data points to list requiring tedious input and accuracy which is why during this phase we will not have a lot of updates to report . We will however need to hire a mathematician by early May so it is very important for everyone who has committed that invested a 1/3 that the second 1/3 of the investment be in hand by the end of April.
The cost to build this alone we were told will run 40K. To date we have 11 investors which is enough to get this in motion and we’ve decided to temporarily stop promoting this venture until the betting program is complete. We did this for two reasons; the first is our credit card processing company. The last investment for 3 full shares the credit card processor held and required us to return the funds believing these were for betting subscriptions stating these were prohibited by their sponsoring bank. We have made arrangements and are already set up with a new processor that understands what we are putting together though they suggest a better way for anyone who wishes to use a cc for this investment is to run the charges through in increments over several days as opposed to all at once or for the investor to fill out one of these authorization forms edbain.com CC-Authorization-Form.pdf and mail these to us where we can take care of this for you. The second reason we are temporarily holding off on promoting our venture is because the 11 investments allow us to get the most critical part of our venture in motion and this will be at Ed’s full direction. It is known that Ed has Cancer and though he is fighting and still has many good days, we know it is imperative now to move forward and by doing so we are assured at getting the betting program completed with his input which is why we are confident of success. The programmers are saying with the massive amounts of the algorithms they need to create that this will take until late July or early August to complete. Once done, the investment per share amount will increase and we already have verbal commitments for most of the shares remaining.
Re the remaining partial shares, if you can mail a check that would be great. If not, by the end of April please use this link; https://edbain.com/store/?model_number=7117060 to send in the second 1/3rd of your investment using two back to back days.
Should you have interest in additional shares now would be the time to add them.
In May we also will be setting up the new LLC and at that time we’re probably going to need additional information from each investor for their share as well as for tax purposes.
Lastly because Ed and I both face chronic illness issues we are taking all necessary precautions to avoid this corona virus and sincerely hope everyone who faces chronic issues will do the same. We are staying in as much as possible, ordering on line for groceries and drugs and wearing plastic gloves and masks when we do venture out. Please be safe as this virus is serious especially for anyone who is ill.
We have a great thing going here and Susan and I look forward to sharing all the positives with everyone involved 🙂 Let em roll at the quarter poll………