Discover the irresistible allure of horse racing and the thrill of winning. This invaluable book shares a proven, easy to learn system that you can use to beat the odds and win big at the racetrack. Focusing on place and show betting, it helps you determine which horse to pick and what size your wager should be based on tote board data, and it reveals strategies for maximizing your winnings. With clear writing, informative graphs, and a wealth of fascinating real-world examples, authors William Ziemba and Donald Hausch explain the fundamentals of track racing and show how patterns of public inefficiency in betting pools can lead to you reaping big payoffs. Rather than focusing on the complicated details of thoroughbred handicapping, the groundbreaking "Dr. Z" system they offer uses mathematical models based on stock-market analysis. It teaches you when to bet and what a good bet is, and advises how much to wager based on your betting stake. When properly applied, the method's average profit per dollar wagered is about 10%. Using it, you will be able to minimize risk and increase your likelihood of winning consistently! This updated and revised edition includes extra material such as analysis of Kentucky Derby results from '82, '84, '85, and '86, and additional analysis of the effects of pedigree on race results. It offers documented proof of how the authors and others successfully used their easy to learn system over a period of years at tracks throughout North America.