Handicapping Corner

with Steve M.

CHART READING 101
A Multiple Part Series on Chart Reading
Part I
The Big Picture and Understanding The Speed Story

 

As I begin this series on chart reading, I am going to try to keep focused on recent charts, and not go back to irrelevant prior charts unless necessary. I am going to try to work in "real time", using principally Saturday night charts. In addition, in between issues, you will find some supplements or additional notes as the racing nights unfold. We will be using the Meadowlands, although the principles can be applied to any track you are looking at.

Hopefully, by doing it this way, we will be able to learn and glean something that is directly useful for the upcoming cards. I am also going to avoid trying to go over EVERYTHING at once. We are going to take this slowly, piece by piece.

So, let's get started by taking a look at the charts for this past Saturday, April 17th from the Meadowlands.

I approach charts from "whole to part" rather than from "part to whole". That means I try to take a broader look at the charts for the whole evening, before I get overly into the details of any particular race. My first 2 steps in reviewing charts are:

1) Taking a broad look at what was happening and how the races were going. What the pattern of fractions were. What was winning and what was not.
2) Understanding the nature of the early speed and clarifying the goings on at or near the front end.

THE BROAD VIEW - Saturday April 17
RACE 1 - winner left, was on a sustained move from the start, got the top on the backstretch and never looked back. Winner was at least in medium shape.
RACE 2 - win, place and show horses were all on the rim, 2nd, 3rd and 4th over respectively. Winner was in sharp form.
RACE 3 - win, place and show horses were all on the rim, 2nd, 3rd and 1st over respectively. Winner was in sharp form
RACE 4 - was won wire to wire, with the winner making one sustained move to the top. Winner was in sharp form.
RACE 5 - was won wire to wire by a sharp horse
RACE 6 - was won from the pocket by a horse who was not in shape.
RACE 7 - winner came from 2nd over by a sharp horse.
RACE 8 - winner quarter moved to command before the quarter and won on the engine, a razor sharp horse
RACE 9 - was won from the pocket by a horse who was in "can't tell" kind of condition.
RACE 10-was won wire to wire by a reasonably sharp animal
RACE 11-was won wire to wire by a sharp horse
RACE 12-winner was second over in medium shape
RACE 13-was one by a sharp horse who left and made a 2nd move to the top and was a front end winner.

 

In summary,

-7 of the 13 races were won on the front end - that is, by a horse who had made either a sustained opening move for the lead and who maintained that lead, or who moved well before the half to secure command. Furthermore, in one of the 13 races, the front end did not win, but finished within a length of the winner. (FINE CUISINE)
-4 of 13 races were won by the horse 2nd over with live cover
-2 of the 13 races were won by a pocket sitter
=================================
-8 of the 13 races were won by horses who were clearly sharp
-4 of the 13 races were won by horses who seemed to be in "average" form, or were in a state where their form was not ascertainable. (Included here were PARTYWITHTHEBIGDOG(race 1) who was a tough call, and was in good enough shape for me to play on top in the exactas with my key horse based on the odds; and LUV'M 'N LEAVE'M who was a "can't tell", but who most handicappers considered sharp)
-only 1 of the races was won by a horse who, according to my methods of shape determination, was clearly not in shape (I MARRIED A WITCH).

Now, it is just coincidental that the percentages that we saw this past Saturday are EXACTLY equal to the percentages that I have noted over the long term; specifically, that IN-SHAPE horses win twice as many races as MEDIUM/AVERAGE/SUSTAINED SHAPE horses who, in turn, win about 3-4 times as often as OUT-OF-SHAPE horses. This is the primary driver behind my assertion that SHAPE DETERMINATION is the most important factor.

A basic observation then, is that the track was a pretty well balanced bias - more than user-friendly on the front end for sharp animals. Well positioned closers had legitimate shots here as well.

Now, let's zoom in a little closer as follows:
-The only out-of-shape horse to win left and was parked to get position at the quarter but yielded and sat the pocket behind a viscous speed duel during the middle half of the race. That middle half was, far and away, the fasted middle half of the evening on a relative basis. He then was able to collar the leaders in the stretch, during the slowest portion of the race. This is a typical summer pattern at the Meadowlands for out-of-shape winners. One rule of shape determination that I hold stubbornly too, which my father taught me over 30 years ago still holds true today - any horse that manages to win a race must now be considered to be in at least average or medium shape. Why? Because regardless of how easy things were, he did what was expected given the circumstances. Going forward to this week, we will upgrade I MARRIED A WITCH from (****) poor form, to (***) average shape.

-Taking a look at the overall pattern of the fractions - we see that the first halves were, by far and away, the fastest portions of most of the races. The middle halves, as usual, were the slowest, and the final halves were in the middle, but a little on the slow side, relatively speaking. Also noteworthy is that the fractions were not even. What I mean by this is that there was quite a bit of variance in the patterns. Most of the races did have a very definable fast portion and a very definable slow portion.

This is good. It is like a very volatile stock is for a trader. Someone who trades stocks short term likes stocks that have volatility, since this is what accounts for large, quick moves in one direction of another, which are opportunities to enter and exit positions over the short term, taking advantage of temporary swings of sentiment and still have a "tradable" move in between. Likewise with studying charts.

Those who have followed me over the long haul will remember that the most profitable thing that I think can happen is to have a track with a strong bias one way or the other one week with a reversal the following week. This gives us the volatility in the performances that we need to take advantage of wild swings of bettor sentiment. The same holds true for a given night. Sometimes, you will find nights where the fractions of the races all seem to line up together. They all look kind of alike. While this might indeed create a bias, it is too obvious and is less likely to screw up the perceptions of bettors who look primarily at the programs. But this past Saturday seems like a good one from which to use the BROAD VIEW of the charts from this perspective.

The next step is to get a little better understanding of the trips of the front runners. In attempting to understand their performances more fully and understand how the race set up as it did, the program lines can be very deceptive, as you will see. The charts add a wealth of information to the puzzle. As such, I'll just make the following notes, all gleaned from the charts. Notice that as of this point, I HAVE NOT supplemented anything with additional information that I might have from having watched the races:

 In Race 1, PARTYWITHTHEBIGDOG worked hard to get the lead, being parked from an outside post, and faced a challenger by the half and through the whole third quarter. Note particularly here that #7 U DEMAND, just inside of him, also left and, in fact, was still fighting his way to the front at the 1/4.

 In Race 2, CAM'S ICON also left hard from an outside post and was parked. In this case, only the #2 horse left in side of him. Furthermore, he did not face a challenge at the half and, in fact, faced a later and less significant challenge than did the pacesetter in Race 1.

 In Race 3, the chart raises some questions and puts out a red flag. #2 ATLANTIC YANKEE has the lead and the rail at the 1/4. In fact, his program line is likely to appear as follows:

2 1 3 3 2/1¼ 4/5¾

From this, it would appear that he left. You can tell from the lengths behind whether or not he was parking another horse at that juncture. Either way, he probably yielded not long after the ¼ and sat the 3 hole all the way around. Further examination of the chart, however, shows that this is in fact far from the truth. Apparently, there was nobody parked at the quarter. In addition, at the ½ #5 SET THE AGENDA is indicated as being 2nd, parked 2-wide. #6 MOONLIGHT RAKER is shown as being in the lead, parked 3-wide! Apparently, while ATLANTIC YANKEE was sitting on the rail, he was involved in some kind of duel for the lead, parking not one, but two horses through the 2nd quarter. (Those who saw the race, saw that #5 left from the 3 hole shortly after the quarter with #6 right behind him and was apparently clearing to the lead when #2 stepped on the gas big time. Further, #5 appeared to take some kind of bad step at that juncture, backing off, sending #6 3-wide, but then continued on with it, yielding to the #6 in the far turn. Further, #5 then pulled the pocket after the ¾ before turning for home).

 Race 4 has another configuration where the charts are helpful. PHOTO RADAR left and was parked at the quarter before taking command and winning easily, and totally unchallenged from that point on. However, he was not parked by a leaver from inside. It was #10 who was on the inside parking him at the ¼! From the chart, this means one of two things. Either he left, secured the lead quickly and was on a retake at that point, or, he left along with someone from the inside and was looped by the #10, never got to the wood during the first ¼ of the race, and was still on a prolonged leave at that marker.
 Race 5 looks like a no-brainer … MAJOR BLUR left, got the top easily, faced some kind of challenge, which was late and not all that strong, and won.
 Race 6 is an interesting one … if you just see the lines on the program, you might wonder. The chart shows #7 I MARRIED A WITCH on the outside dueling for the lead at the ¼. #2 ARTISTIC is the first horse on the rail, but he is not 2nd! He is 3rd! #1 FINE CUISINE is 2nd, parked on the outside. Ordinarily, someone like Willie Mitchell or Ken Iulo would be the only ones likely to get parked from the rail.. But #1 was on the retake, moving on the outside right behind #7 at that point. But the program line on #2 will not indicate that he left, when in fact, the chart tells us that he left hard and ran out that whole 1st quarter. #1 gets the lead after the ¼ and at some point before the ¾ is challenged. The chart also suggests that this was a stronger challenge. How? Because the horse who was on the outside challenging at the ¾, #2 is not only 2nd at the ¾, but is still hanging around just a ¼ length behind at the "top of the stretch". Again, if you watched this race, you will note that a fierce speed duel ensued very shortly after the half, with those 2 horses going at each other on the lead until the very deep stretch before being overhauled finally by fresh horses.

And speaking of the top of the stretch, for those of you who haven't seen the Meadowlands, and for those who have - please make the following note. The place where they measure the top of the stretch for the program, is NOT at the top of the stretch as you see it. This point is, in fact, about a full 1/3 of the way down the lane. Please keep that in mind when interpreting charts. Know your track. Whatever track you go to, go out and look where the headstretch pole is. If you are not sure, then ask

 Race 7 requires less intense analysis in this regard. CORY'S BIG GUY blasted out of there … 2 horses left inside of him, #1 TAKE A CAMCHANCE, who took back pretty quickly, and #5 VANCE THE VICTOR who made a legitimate move, but did not run out the entire quarter. From that point, there was no challenge at the half, but, AT POINT BLANK was on the move their and went by. This new leader did face a challenge from just behind him, but that one expired soon after they turned home.
 Race 8 is more of a classical leave … rail horse CLASS GUY protects position, #3 leaves hard with #4 just outside of him. The interesting horse to look at here is #7 CONNOR SEELSTER who made a full leave, but was then pushed wide and forced to abort that move as #4 left inside of him. #7 then had to wait until #1 retook before he was forced to go on with it. The chart reveals #1 parked again at the half, indicating another retake. A light challenge is apparent from #5 in the far turn.
 Race 9 is not much of a story .. CHOSEN FAME left hard from post 7, nobody left from inside of him so he got the lead rather easily. He did face a challenge though, and we know it was relatively early as C'MON BIG GUY is dueling at both the ½ and the ¾ poles and in fact, is still within ½ length of the leader well into the stretch.
 Race 10 featured a hard leave by #5 ALMAHURST FRONTIER, unopposed from the left. The only challenge materialized approaching the half, but which did not have the staying power to keep the pressure on through the turn.
 Race 11 is a bore for the purposes of this discussion. From the rail, AUSTIN just blasted out of there and forced everyone in behind him, and bottomed out the field without any significant challenge.
 Race 12 is one you will want to take note of in terms of early speed. Again, #3 COMMANDING MOMENT obviously left, but the chart reveals #1 FREEHOLD HANOVER at 30-1 parking him throughout that 1st quarter. Further, COMMANDING MOMENT offered little or no resistance to the next challenge from NOBLE FAIR, who in turn face the 3rd quarter challenge from FREDERIC CHOPAN. All the while here, you can see from the chart that the initial leaver - FREEHOLD HANOVER, the long shot was clearly next in line on the rail behind COMMANDING MOMENT when that one hit a brick wall. This raises questions as to whether or not that one could have had more to offer had he not been behind the quitter.
 Race 13 chart yields little information on the front end.. MEDOLAND SAM left for position, let BEACH OF FAITH go on with it, retook after the ¼. The challenge by HONEY FITZ was apparently a weak and brief one.

So, my first step is to step back and look at the global view of what was happening, as we did at the start today. Then, I seek to understand what was happening with the pace setters. After that, I seek to understand what the chart is trying to tell me about the horses who attempted to come from off the pace.

I will not get into this now, but I will just throw it out as a tidbit - as food for thought. And before I leave you this week let me say that you can pay attention to them all or not. I choose not. I try to combine my global view with the detail, to see just which of these pieces seem really important and which don't. And I also want to look for races where the program lines might be deceiving in the key areas. From this Saturday night, races 3, 8 and 12 definitely fit the bill. There are some definite things to look at in terms of the horses involved in the early speed in these races which might be overlooked going forward.

As far as winning closers go on this Saturday night, they were BANTING (2nd over, sharp), SUCH A HOOT (2nd over, sharp), USHER HANOVER (2nd over, sharp) and YANKEE FINESSE (2nd over, average shape). Is the picture coming through? Further, if you look at the fractions on this evening, you will see that NONE of these races contained very fast last halves, relatively speaking. Each of these horses was set up in good position and had a soft pace to close into. In fact, on these performances alone, none of these horses needed to be sharp in order to win. None of these moves happened at important parts of these races. But, 3 of these horses were already clearly in sharp form coming into Saturday night's action, and we cannot hold it against them, as they did everything they needed to do - they won - get it? If either of these horses happened to NOT win, unless there was a clear excuse, their shape would, in my mind, no longer be considered sharp as they were expected to win these races at those junctures. So, what if any implication can I make about the OVERALL (remember, broad view?) nature of the goings on this night based on our understanding of this, and our pacesetting discussion?

Apparently, the front end was a bit stronger than it looked. The opening fractions were a bit fast and there were many multiple leaves, exchanges and duels which should have made things even tougher on the front. However, the only closers who were able to get there were sharp horses who had it soft coming for home. Just food for thought.

Next week, we will turn our eyes to the closers in particular, and try to better understand their efforts.

Good Luck!

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