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You are probably aware that I’ve consistently advocated having AT LEAST 60 per cent of one’s investment in the straight pools. Exactas, trifectas and other exotics have a way of punishing good handicapping.
The number of variables that must be synchronised in order to collect on a trifecta ascends geometrically compared to the amount of knowledge and skill needed to collect a win or place bet.
More than six months have passed since PPM printed an interview with the legendary US handicapper Mark Cramer.
His earlier books are a little hard to find, but his most recent work, Value Handicapping, subtitled "The art of making your own line and identifying overlays", is still readily available.
This is part one of an extract from the book, which is a chapter introducing the thinking behind Cramer's "value betting" philosophy. The book has received acclaim from many in the industry, including PPM's own correspondent, Barry Meadow.
Some of the best winning bets I've ever made have been on horses that ran ordinarily at their latest start. Often a good price is obtainable; other times, fellow backers are in on the "secret" of the bet and the price is short.
Whenever I do form study I'm always looking for horses who didn't do well last start and yet are coming in for strong betting attention in the current race. Why is this so?
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