WEBVTT - Team Rotondo on The Delicate Art of Handicapping Horses

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<v Speaker 1>Council Global Business News twenty four hours a day at

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<v Speaker 1>World Handquarters. I'm Charlie Pellet. Stocks moved higher, S and

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<v Speaker 1>and P five hundred Index up today by two tenths

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<v Speaker 1>Nestak also moving higher, up seven to fifty one sixty two,

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<v Speaker 1>a gain there of one tenth of one percent, but

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<v Speaker 1>a losing day for the Dow Jones Industrial Average down

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<v Speaker 1>twenty four points to eighteen thousand, four hundred thirty two.

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<v Speaker 1>That was a drop of one tenth of one percent

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<v Speaker 1>ten year of fourteen thirty seconds. Looking at the yield

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<v Speaker 1>of one point four or five percent, Gold advancing seventeen

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<v Speaker 1>forty v ounce to thirteen forty nine, a gain there

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<v Speaker 1>of one point three percent, and crude oil West Texas

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<v Speaker 1>Intermediate up thirty four cents of barrel forty eight, again

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<v Speaker 1>there of eight tenths of one percent. I'm Charlie Pellett,

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<v Speaker 1>and that's a Bloombird business flash. This is taking start

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<v Speaker 1>with Bim Box and Kathleen Hayes on bloom Bird Radio.

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<v Speaker 1>The world of a horse racing has a big race

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<v Speaker 1>this Sunday at Monmouth Park in southern New Jersey, the

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<v Speaker 1>Haskell Invitational. It's a one million dollar race and the

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<v Speaker 1>entrance of a well a three year old cult named

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<v Speaker 1>Exaggerator is turning the race into one of the biggest

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<v Speaker 1>of the year. It's going to take on rival Nyquist

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<v Speaker 1>as well as as the Kentucky Derby Dinner winner. And

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<v Speaker 1>we know that niqu was placed third in the Preakness

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<v Speaker 1>and won four out of the five meetings with Exaggerator.

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<v Speaker 1>Here to tell us more about this is our own

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<v Speaker 1>Bloomberg's racing enthusiast, Gary Edel, and also professional handicappers Peter

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<v Speaker 1>Rotondo and Lee Davis from Team Rodondo. Thanks very much

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<v Speaker 1>for being with us. Peter, I wonder if you could

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<v Speaker 1>just describe for us this entrance of Aggerator into the

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<v Speaker 1>race on on Sunday. What is that that doing to

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<v Speaker 1>your your handicapping? Well? Exaggerator, he was he's been working

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<v Speaker 1>out training at Saratoga and uh I was there last

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<v Speaker 1>week and to be quite frankly, his last work wasn't

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<v Speaker 1>that good. So I was thinking that he was going

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<v Speaker 1>to skip the high SkELL but no, one, behold, he's

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<v Speaker 1>in it. And there's a lot of forces that have

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<v Speaker 1>you know, have will be foldedly placed in. This race

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<v Speaker 1>is a field of six and one through five. Night

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<v Speaker 1>was down to American Freedom. They were all gonna be

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<v Speaker 1>close to the pace an Exaggerator, I imagine we'll be

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<v Speaker 1>laying back and if the pace is fast enough, he'll

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<v Speaker 1>becoming late with his late usual charge and maybe pick

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<v Speaker 1>up the pieces. But keep in mind, MoMA Park is

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<v Speaker 1>a type of race track that usually favors front and

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<v Speaker 1>runners or stalker is. But having said that, not the

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<v Speaker 1>head but Exaggerator loves it wet and there is some

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<v Speaker 1>rain in the forecast for Sunday, so it should be

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<v Speaker 1>a very interesting day at the races that Mamma for

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<v Speaker 1>the high Alright. I know nothing about horse racing, nothing

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<v Speaker 1>at all, um. I find it fascinating to watch, you know,

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<v Speaker 1>the the Rays of Asket or the Grand National, or

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<v Speaker 1>I'll watch some of the trivil Crown here in the US.

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<v Speaker 1>But beyond that, Gary, how much does the horse have

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<v Speaker 1>to do with it? And how much does the jockey

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<v Speaker 1>have to do with it. I mean, is the jockey

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<v Speaker 1>just basically sitting there or does he actually play an

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<v Speaker 1>important role? You know what? The it really is all

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<v Speaker 1>about the horse and the conditioning. About the horse and

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<v Speaker 1>a jockey. You don't want to really downplay it. They

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<v Speaker 1>are pretty much just along for the ride. But you

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<v Speaker 1>do have certain jockeys that fit certain horses. For instance,

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<v Speaker 1>Mike Smith guy is fantastic on nursing speed in the front,

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<v Speaker 1>which means is that if you have a horse that

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<v Speaker 1>likes to go to the lead. Again, racing is made

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<v Speaker 1>up of pay scenarios, just like humans. You have you

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<v Speaker 1>have horses that like to go to the lead, you

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<v Speaker 1>have horses that like to lay back off the lead,

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<v Speaker 1>you have closers. So Mike Smith has a fantastic way

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<v Speaker 1>of gauging pace. So what he could do is he

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<v Speaker 1>could go out with a horse that's a speedball and

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<v Speaker 1>he could just slow the race down and then when

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<v Speaker 1>everyone tries to come and catch him, he still has

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<v Speaker 1>a lot of horse left and he'll just think, the

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<v Speaker 1>horse know how long the race is? Is that know

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<v Speaker 1>when the finish line is coming? You know, it's all

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<v Speaker 1>about conditioning and uh, they have a good sense for it.

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<v Speaker 1>They the jockeys have certain hands singles that they'll give

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<v Speaker 1>them and when they hold the reins. But I think

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<v Speaker 1>they'll probably Peter or actually Lee probably could be a

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<v Speaker 1>little bit better in explaining about the importance of a

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<v Speaker 1>jockey ahead Lee Davis. Well, I'll tell you the truth.

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<v Speaker 1>I agree with Gary mostly the horse. But um, if

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<v Speaker 1>you have a good jockey, that other I guess it's

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<v Speaker 1>nine percent horse and tampa cent jockey. But if you

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<v Speaker 1>don't have a real good jockey, you only have n

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<v Speaker 1>and you lose that other tempa tent. So if you

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<v Speaker 1>have a good a good jockey on him, that tempa

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<v Speaker 1>cent comes in handy in a tight situation when you

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<v Speaker 1>have to make a decision, it's easy when you have

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<v Speaker 1>a horse is a speed horse and he goes to

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<v Speaker 1>lead and nobody changed some gonny run drop. I could

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<v Speaker 1>be on the US even though I'm way over to

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<v Speaker 1>one of fifty pounds. Um, but you know what I mean.

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<v Speaker 1>It's in a tight situation when you're you know, a

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<v Speaker 1>good jockey is a good handicap. This is why I'm wondering,

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<v Speaker 1>because we always talk we're talking about exaggerate, We're talking

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<v Speaker 1>about Nyquist and nobody ever says, hey, this jockey is amazing. Um,

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<v Speaker 1>they don't seem to be as famous. I mean, Peter,

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<v Speaker 1>do you think about the jockey when you're handicapping who's

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<v Speaker 1>gonna win, who's gonna lose? Very very small about a

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<v Speaker 1>small amount. I I think about the horse and and

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<v Speaker 1>the pace of the race. You know, it's just it's

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<v Speaker 1>it's actolutely It's really simple. If there are a lot

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<v Speaker 1>of fun runners better us that comes from the back,

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<v Speaker 1>If the pace is gonna be uh you know, uh fast.

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<v Speaker 1>Like I said, the closes come in and vice versa.

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<v Speaker 1>If there's just one speed hors he could dictate a

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<v Speaker 1>pace and probably could just march around the racetrack. So

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<v Speaker 1>the jackie, you know, when it comes down to that

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<v Speaker 1>photo finished at the end, maybe the jockey, uh you know,

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<v Speaker 1>the better jockey may get the nod over the less

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<v Speaker 1>experienced one. But everyone that's in these graded races, all

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<v Speaker 1>these jockeys that lunch, whether it be at Sarahtolga at

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<v Speaker 1>you know with the you know the great races they

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<v Speaker 1>have there, or at mom it's for the high school,

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<v Speaker 1>or at del maw the Pacific Classics. They were all

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<v Speaker 1>top knots jockeys. You know, you could just uh, it's

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<v Speaker 1>a hairline track, you know, hairline between all of them

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<v Speaker 1>among old Karen, I want to just bring in the

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<v Speaker 1>topic of the bet Fair exchange and you describe this

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<v Speaker 1>as Wall Street meets handicapping, Explain what is bet fair exchange?

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<v Speaker 1>Once again, I'm going to turn this over to Peter

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<v Speaker 1>and Lee, who are contractors now with bet Fair. But

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<v Speaker 1>this is gonna be unbelievable. This is going to be

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<v Speaker 1>the new I don't want to say gay trading, but

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<v Speaker 1>this is going to bring Wall Street into the art

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<v Speaker 1>of wager and so Peter and Lee, I'm gonna just

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<v Speaker 1>turn it over to you guys. All right, Well that's

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<v Speaker 1>fair Exchange, first of all, is one of the world's

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<v Speaker 1>greatest international on line gaming providers. Now, what does exchange wagering?

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<v Speaker 1>It utilizes cutting edge technology to allow players to propose

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<v Speaker 1>or match anonymous phrase with each other. Now, the key

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<v Speaker 1>speatures of exchange wagering. They include great value odds you

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<v Speaker 1>always look for great value when you're betting. And two

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<v Speaker 1>you could even wage you during the actual running of

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<v Speaker 1>the race. You could bet will back a horse at

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<v Speaker 1>a specific odds odds and those odds will be locked

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<v Speaker 1>in as opposed to power mutual wagers. You can bet

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<v Speaker 1>a horse at eight for one with ten minutes ago,

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<v Speaker 1>So we gotta we gotta run Peter Rotondo, League Davis,

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<v Speaker 1>Team Rotondo, Gariette Bloomberg Race the enthusiast. This is Bloomberg

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<v Speaker 1>coming up on on Bloomberg Bloomberg Law. An unusual decision

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<v Speaker 1>the Ninth Circuit Court of Appeals telling the California's Supreme

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<v Speaker 1>Court it needs to do a better job of explaining

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<v Speaker 1>why it's dismissing a prisoner's challenge to being detained.