Posted on by Susan

Potential Bets ALL for Saturday and an Interesting Tale

Way back when Ed was manually recording his bets in an excel spreadsheet, he spent countless hours entering the data and then daily hand writing the stats race by race onto the racing form before he was able to decide what he would bet. In all, I’d say he lived racing 24/7, even when he slept. Just like he so successfully portrayed in his novel, Libraries, Yellow Cheese Sandwiches and 38,880 Running Lines. His words accurately relayed the true person he was.

This is Ed working in racing 24/7, manually entering the data that produced his stats in a very beautiful office I might add that was designed specially for him in the home we paid for in full.

BTW we wanted to call his novel Libraries, Yellow Cheese Sandwiches and 480 Racing Forms but we could not due to copyrights. So he calculated how many running lines there were in 480 forms and this came to 38,880 and he decided on this.

It took Ed about 2 years to figure out how to use this information; what to bet from the positive stats and also what not to bet by eliminating bets through negative stats.

The manual recording had pluses that at the time we did not understand because by doing so he subconsciously retained much of this data within his brain. The result; from 1994 through 1998 he did so well with them that in combination with the recycling brokerage company I ran while Ed was busy getting us to racing we paid cash for an absolutely magnificent home.

Over time the manual recording became dominate. So much so that when Ed finally did get to handicap the days races, he was not fresh and we noticed a decline in his number of wins. This is when we decided to have a program written to calculate the statistics for him so all he would have to do is analyze.

To accomplish this was not easy. We soon became aware of the strong hold the monopoly in racing has on our sport. We were told that we could not purchase data files from any outlet that contained past performance information and use this information for such purposes unless we paid a half a million dollars for the license to do so and $5,000 a month for the data feed.

In addition if we did choose to pay this $500K we were not allowed to use this information for anything unless it was first approved by the same company that we would be paying the $500K to. Of course we said “what the fu** is this”. We’re not going to pay them this kind of money and then let them rule our life so we changed our plan of action and diligently tried to find a company that had such data files so we could build this program ourselves, however to no avail. Everyone we contacted told us that they were not allowed to sell us or anyone else this data for such a purpose and if they chose to do so anyway they would be put out of business.

This went on for months and during this search we were told that we could use one of the monopolies value added suppliers that already paid the $500K to build our program though we’d still have to have their approval to build what we wanted. And once it was built, we could use the information however we would also have to sell this product through this value added supplier in order for them to make money because they incurred the $5,000 a month fee. And at their direction this had to be done through a monthly subscription of $129. The arrangement was that the value added supplier would bill the subscriber and then they would split the $129 a month fee 2 ways; they would get 65% of the sales, we would get 35% even though all these ideas were Ed’s. And since we were at a crossroad due to the manual workload Ed had been experiencing and we were not allowed to purchase the necessary data files we agreed and went with one of their suppliers, solely because we needed Ed’s brain clear and fresh when making his decisions as to what he would bet.

Unfortunately this proved to be the biggest mistake of our life together because we lost complete control of Ed’s information and he no longer had any say in what was to go into this program or how these stats were presented. In other words they dictated what they would build and what they would put into the report.

Though….. I must say they certainly did not know Ed or me. It was because of their action that we built our own database 🙂

It took a number of years before we could break this tie and when we did we suffered a great deal financially because of their reaction to this break. But there is good in everything if you keep an open mind because owning a horse racing database is the absolute essential to getting a venture such as ours in motion and here we are today.

Mindset is paramount to our success when viewing the statistical information suggesting what we should bet. This is what got us here, to this wonderful venture that we share with you today.

Below is the Full list of Saturday’s Potential Bets without any filters applied by me.

Click Image to enlarge

From here I’m going to try to produce a video today that shows you why the details of this full list of potential bets is not where we should currently look and through this understanding you’ll be able to see why I was diverted to another place in our betting program to make decisions for our bets.

Then I will make a video of where I’ve been diverted to show you how I am going to decide what we will potentially bet.

Since mindset is key and I should be fresh in making decisions for Saturday’s potential bets, at this point I believe only the first video has a chance to make it to post today. Though I will use Saturday’s races when showing how I came to these potential bets. I’m also curious how many of the bets that made it to the full potential bet list that show up in my actual potential bets and early next week we’ll share these results.

Quick note: Since I’m posting Saturdays potential bets here I’m not going to post these on the page that we have made for these wagers. I will however post Sunday’s potential bet list there when it’s ready.

2 Replies to “Potential Bets ALL for Saturday and an Interesting Tale”

  1. Hi David,
    Nice to hear from you.
    Glad you’re back with us. Missed you on the kick off.
    I renamed Valentines Day to Let em roll at the quarter pole day 🙂
    Eventually we should be able to include just about everything. What you’re asking won’t take place for awhile though. We’d have to have the bulk of the algorithms integrated and then I have to relay to the developers the things required to make the interface much more user friendly and it will be during this time when we will accommodate.

  2. I think I may have posted this in the wrong area initially. Great work on the program and I echo the sentiments of many who have written to congratulate you before. One question though? I realize that this is a work in progress, so I wanted to throw this out. Is it possible to standardize race times, rather than have them all listed as local times. I currently do this manually to develop a flow to my gambling. Thanks, again.

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