Sunday, April 25, 2010
It's Ron Geary's Fault
When I was about eight I became a harness racing fan at Flamboro Downs, near Hamilton. Over the next ten or so years I read everything I could get my hands on for all of racing - thoroughbred and harness - I kept stats, I worked at racing, the best I could. This was fairly tough considering there was no internet, and no off track wagering where I lived.
When I moved to the big city to go to school I learned production possibility curves, finite math, and when Des Takoor warmed up his horse the last 3/8's in under 45 seconds, he was a good bet. I was a regular player. I bet primarily harness racing from that day forward, except on big days.
In the summer of 2007, that all changed.
I had been looking for something to add to my betting near that time. In harness, the pools were getting small, the Meadowlands handle was falling, trainers were claiming off-form horses and winning with them at 3-5, ad nauseum. Local racing had tough takeouts too. I simply could not find as much value as I used to.
Then one day I came across someone named Ron Geary. Ron was the President and owner of little Ellis Park in Henderson Kentucky. Ron decided that he wanted to try and place his track on the map, and he told the racing world he would do the unthinkable: He would lower his takeout on his pick 4, to 4%. Ron Geary made me stand up and take notice - he was someone who wanted my business.
I decided then and there that I would begin switching some of my play to the runners.
I knew enough about racing to give a 4% take bet a shot, but I don't jump into things like this unprepared. I immediately began researching some software packages and after about a month I settled on one. I shelled out the $700 or so for it, but then I needed data files. I found out I had to spend about another $1000 on those, so I did. I now had a software package, data, and began learning how to play in a new way. I was also $1700 in the hole.
I called Woodbine because I wanted to see if they were taking the pick 4 at the low takeout. "No, we are not offering it at 4%. It will be 25%.", they told me, so I was shut out there. I searched and searched a way to play and I could not find one - it seemed like no one was taking the 4% pick 4. One thing I have learned in racing, is if a track is going to offer low takeout, their signal will not be taken by very many. If they want to offer a high takeout, everyone will offer it out. I think it might explain why racing has fallen so far, so fast.
Anyway, I finally found something. And I began playing.
I would like to say that I took down the bank, but I did not. It was a slow burn but at least I was getting paid when I hit it. And the bet really did well going from a $16k daily pool to over a $40k one. One day the pool hit 100k and that's not bad for a tiny track. Most of all, I had fun. I really did.
From that day forward I have spent a lot of cash betting this sport. I still play harness, but not as much as before.
When someone asks me why I play thoroughbred racing, I say to them two words: "Ron Geary". I'd like to thank him as I have made some great friends while playing my 'new' game. If someone reading this wants to try a 4% pick 4 for their track, let it be known that in your own way you are probably growing this sport, just like Ron Geary did.
Photo credit: Mike Lawrence
at 10:25 PM