I have two distinct lives. One in the trenches of low-budget film and television, the other in professional gambling. Because of the feast-or-famine nature of show business I need a reliable income... gambling. So here you will read about both worlds. Enjoy!

Thursday, January 18, 2018

Gambling With an Edge - guests Peter Fornatale and Mike Maloney

Our guests this week Peter Fornatale and Mike Maloney. Together they have authored Betting With an Edge; A Professional Horse Player's Life in Thoroughbred Racing. Mike has been betting the horses since he was a child, but quit his job in 2000 to pursue it professionally. Mike is the Daily Racing Form Tournament editor, as well as the host of the DRF Players' Podcast.

Click to listen. Alt click to download

Show Notes

[01:19] How did the book come about?
[07:59] How did Peter meet Mike?
[09:31] How did the computer assisted betting in the 90’s affect Mike’s betting?
[10:11] When did Mike quit his job?
[13:36] What is track bias, and how does Mike handle it on multiple tracks?
[16:49] What is mapping routes?
[19:44] Is there a way to narrow down the candidates for looking for biases?
[21:55] The threshold for getting rebates and how much can you expect?
[23:21] Declines in the popularity of the U.S. tracks
[29:17] “The Sting” and cheating in the 21st century
[38:41] Ways where Horse racing could improve
[49:05] Tournament horse racing v.s. normal horse racing
[52:47] Resources for getting started in horse racing
[56:07] Handicapping thoroughbred horses and quarter horses

"Betting with an Edge”:

Mike Maloney: @silk1900
Peter Fornatale: @loomsboldly

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