A Live Experiment: Can Dave Schwartz make money with SOMEONE ELSE’S picks by applying his 3-Step Approach?
On Saturday, July 8th, Dave Schwartz conducted an experiment in his Live Play Date session. What happened was pretty amazing.
This was a HOT SEAT show, where there are several panelists who provided their contenders in each race. While all of the players on the panel offered their handicapping commentary in each race, all Dave did was use their contenders.
Dave’s approach to the game can best be summarized as:
- Select contenders
- Look for relative value among those contenders.
- Look for value in the race.
It is that 3rd step that many players have never even heard of (unless they’ve heard it from Dave, of course).
What he did, specifically, was utilize only one panelist’s picks in a race. (That is what is meant by the “Hot Seat.”) In other words, only one player at a time was In the Hot Seat.
Dave was not looking for a handicapping consensus, but rather just a set of contenders provided by a single player.
For step 2, he used a very simple pace “object” to determine which horses had the best relative value among those contenders. There were actually 4 pace objects. The one chosen to handicap, was determined by the amount of pace pressure in the race. Pace pressure was determined using the Quirin Early Speed Points approach.
But the real point of this experiment was whether or not step 3: Race Value would be enough to beat the game or at least improve the end result of the handicapping.
Because this show had so many visuals, we decided not to make it available as a podcast.
Click the link below to watch the video.
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