Sep

1

Today is the last trading day before Labor Day and hence marks the end of the summer market period. In Secrets of Professional Turf Betting, Robert L. Bacon noted the shifts from winter racing to summer racing and vice versa as times when many betting systems stopped working or could not be used for a time until sufficient results from the new venues were available. He recommended a couple of all-purpose systems that could be used at any time (e.g., the horse that had won the largest percentage of races over the past year, provided it was not a favorite). For the transition from winter to summer tracks, he advised careful attention to workout times. Mr. Bacon favored horses that had raced on winter tracks over those that had spent the winter resting. If a winter-rested horse managed to win a race in early spring, the effort almost always resulted in poor results (with the public, remembering the win, betting heavily on the horse) the next several times out. Perhaps there is an analog that if a sick company such as General Motors manages to report good results, the effort required will so strain company resources that a period of below-average performance will ensue.


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