I’ve had this book for over a year, and I thought I would go back and read a couple chapters. My handicapping and wagering strategy has been off, and my bankroll stagnant. I haven’t been making use of knowing how to make a proper line for a race which in turn led to wagering on horses with only a slight edge in addition to being underlaid and just bad decision making in general.
After re-reading various parts of the book, I thought it would be good to write up a book review. This book will help everyone who reads it. I have a philosophy on books, articles, and “systems.” Keep the information that serves your method of play and discard the rest.
Title: Money Secrets at the Racetrack
Author: Barry Meadow
Publisher: TR Publishing, 1988, 1990
Barry Meadow’s Money Secrets at the Racetrack is the definitive guide on the subject of money management and the science of thoroughbred wagering. The book itself reads very quickly and supplies quite a bit of money management knowledge. It shows you exactly how to consistently profit at the racetrack.
This book is NOT about picking winners or handicapping! This book covers everything from win wagers, to the exotic pick-6. Meadows explains the calculations and how they relate to wagering. There are charts in the book that you can copy, and with a simple calculator can make educated wagering decisions. The chapter about “Making the Line” is very helpful to finding contenders which are overlays, and then betting them correctly.
Meadow maintains that keeping good records for a sample is a worthwhile venture, not to mention how much to wager based on your bankroll. The exotic wagers part of the book is extensive, and covers all types of wagers from the exacta to the pick-6. This book explains what type of edge you are looking for and how to calculate if you have one.
Meadow closes the book with a chapter on how he hit the pick-6 at Santa Anita. While he did not go into handicapping, he explained his wagering strategy and the best way to place those types of wagers.
Whether you are a novice or a seasoned professional, everyone should read this book. I hear so many people say, I know how to handicap, it is my wagering that needs help! This book bridges the gap between the two. It will help you find value in contenders that are overlaid. It is by far the best money management book I have ever read.
If you enjoyed this book, I suggest getting a subscription to American Turf Monthly. They have excellent articles on handicapping, track profiles, and horses to watch for. In addition, Mr. Meadow writes a column called The Skeptical Handicapper which is always a great read.