Have you ever seen a horse win a race with ease at long odds? A horse you had not given much consideration to. Of course, you have. Anyone who has been around horse racing for any reasonable time has seen it happen, but how is it such horses win so easily yet most bettors allow the horse to venture forth without a dime on it?
One reason may be the belief people have that Beyer Speed Figures (BSFs) are something more than a long-lasting cruel joke played on us by Andrew Beyer in the 1970s. The first time I noticed there was something hinky about BSFs was in 2002. Guadalupe’s Tailor was entered in a six furlong race at Bay Meadows. His BSFs read 85 for a $16,000 claiming race, 72 for a $20,000 claiming race, and 79 for a $25,000 claiming race, The raw times for the three races were 1:10 1/5, 1:10, and 1:10.
Guadalupe’s Tailor was a very consistent horse at that time in his racing career, having contested three six-furlong races in a row at times within one-fifth of a second of each other all at the same race track. Yet the Beyer Speed Figures for those races range from 72 to 85.
For additional examples, and to find out how to determine the raw time of a horse that finished several lengths behind the winner, pick up a copy of my book, The Logical Choice: Tote Board Handicapping Made Easy. It is not entirely about handicapping the tote. If you are a traditional handicapper, there are insights and tools within its pages that make it worth far more than its nominal price.