Horse Racing and Wealth

see written commentary at the bottom of this page

kevin blanch horse racing analysis 3/4/11

blanchschwarz horse racing analysis and commentary introduction 2/24/11

gambling for a living

Zenyatta the greatest

http://www.derbyexperiences.com/?gclid=CIXMwv_UoacCFQsFbAodHV_eVA << Kentucky derby off. site 2011 137 th MAY 7 th

pick 4 at Del Mar

Zenyatta heart-break

http://www.kentuckyderby.info/kentuckyderby-odds.php <<<< Kentucky derby futures ODDS 2011 May 7 th

Zenyatta the drink

the sound heard around the world 2010 breeders cup

Horse racing and Derivates are very close cousins, I have not met a derivative trader yet who is not a horse player, and most derivative traders are VERY GOOD HANDICAPPERS, Why is this you ask?

Simply it is the same mind set. Good traders like good horse racing handicappers do their home work they are very hard workers. Like the derivatives pits are the live racing, like the p.c. is the o.t.b. (off track betting). In the horse racing handicapping and betting world is like the Investment world. 90 % of the betting public has no clue about handicapping horse racing. 90% of the investment public has no clue when it comes to derivatives. Why? Because understanding a racing form takes hard work and years of experience. Understanding Derivatives takes hard work and years of experience it’s called studying. It’s like learning a foreigner language both of them. And like the derivatives world 10% of the traders are very successful and 90 % loss. Just like the horse gambler.

Now let’s not confuse horse owners and trainers with handicappers and gamblers. Completely different Animals, Yes plenty of Wall Street types like to own Horses, but they typically are not derivatives traders (of course there are a few) . Derivatives traders and Horse racing handicappers are of the same breed. Poring over information, and coming up with an educated bet. They are both EXTREMLY DYNAMIC. As dynamic as the brain can be, Like in horse racing Derivative traders have to take in many variables, the jockey, the trainer, the track conditions, theblood lines, the owners, the situation , the trip, the pace, and all the very small idos. The derivative trader must take in the macro economy, the individual product micro economy, the c.e.o. the industry, the earnings report, the market cap, the volume, and hundreds of tiny variables most would never think about.

Then there is the other HUGE PART OF BOTH OF THESE GAMES, ( I was told by a arbitration judge once that the stock market was not a game, what a fool he was, games can be very serious business, ask the Romans) the other most important part is KNOWING HOW TO BET . Understanding and putting the right kind of bet together is the most difficult part of horse racing gamblers, and derivatives traders. Pick 4, pick 6 exactas, tris, supers, it goes on and on. In the derivatives world it is which stock, which month, straddle, stride, stripe, covered, naked. It goes on and on.

Then if that is no enough for the brain to commute there is, the size of the bet and management of the portfolio you have to work with, gamblers at the track call it the bankroll. Gamblers at the pits call it the portfolio; it is an extremely exciting and complex process. It’s a fact; the extremely intelligent minds have always loved handicapping horseracing, and poring over data in relation to equities and commodities. But the real love of both of these games is laying your own money and reputation on the line. There is no POLITICS in the horse gamblers world there is no politics in the derivative traders world (if they are trading their own money, those are the real stars) THEY ARE AS AUTHENTIC as Mark Twain, Rachael Carson, or Herman Melville. Derivative traders and horse racing gamblers with their own money made money, not inherited wealth not mutual fund money (they always loss) your own self made money. THAT IS WHERE THE TRUE ART IS IN THEIR GUT, AND IN YOUR FACE. It’s like rock climbing with no rope, or playing football in the N.F.L. with no helmet. It’s like a jockey riding a race horse, the only sport where the ambulance follows right behind the athlete, the trader’s lives and dies by the trade he makes. BELIVE ME I KNOW. If I told you my stories you would not believe it, as a derivative trader and a horse gambler, I have been to the top of the mountain, turned 600$ in two 700,000 $ in three months, lost a million dollar home a wife and 400,000 $ in 10 minutes. Hit the super at the derby on 36 $ 2009 Singled mine that bird. $ 274,000, ( In honor of the GREAT MARK THE BIRD FIDYCH, who was killed days before the 2009 derby, don’t tell anyone my reputation would be exposed, I like he was a baseball playing long haired Blonde with all kinds of passion, just nowhere as good as him. I loved him # 20 even though I was an Orioles fan more Birds.) Got d.qed out of a pick 6 with the only ticket alive on a double Carrie over at Santa Anita, 1.4 million On a 12 $ ticket. I did get 30,000 worth of the 5 of 6 pools. 2008 Saratoga hit the pick 6 twice in 4 days of 24$ tickets. I have been to the bottom of the gutter more than once.

2000 My life turned into the worst country and western song ever written. That is a novel in the making some day. No one would believe it any way. It took Melville 64 years after he wrote Moby. Long after he was dead and broke and in the shadows of the financial district as a night watchman, for anyone to believe his stories.

kevin d blanch 5/26/10 stay tuned