TheSnapper

TheSnapper's Bank: $2 101,66( +763,46% profit)
TheSnapper's Start Bank: $198.00

Mr. Kelly's Bank: $2 781,95(+ 13809,75% profit)
Mr.Kelly's Start Bank: $20.00
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Well, I went a dismal 0/3 yesterday and Mr. Kelly went 2/3 for a gain of $89.10
Longshot Larry got smashed in Australia (-$19,01) but stormed back in English and Irish racing (+$26,89), so the lad is doing well enough. He has piled up $56,04 in profits after 108 lay bets against outsiders. He has a fair chances of doubling his bank fairly soon. If he can do that, I'll welcome him aboard the team!

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Mr. Kelly hit another all-time high yesterday of $2,902.23 before losing -$120,28 on Petsas Pleasure in the last race of the day. He has built up a solid $680 lead over me now...but look at the profit percentage! My bank started at $198. It is now 7 times larger,not bad at all, but that pales in comparison to the mighty Mr. Kelly...his bank is 138 times larger than when he started.

Ladies and gentlemen...the perfect gambler.

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People are always writing to me and asking, "Mr. Snapper, aren't you worried about laying steamers? The smart money is on them, don't you know?". Well, let me say this...smart money, hot money, cold money, dumb money, funny money, mug money...what difference does it make in the long run? How the hell can I know who is backing a horse and why? The only thing that matters are the massey stats which I have put up here several times. Sure, some races look dubious, no doubt about it....but my stats keep matching the massey stats, and I keep on winning over time. So what conclusion can you draw about "smart money"? That's right...it isn't always as smart as you think.

(John Kelly was interested in exactly that question. Even if you "knew" the outcome of a race...how much should you wager on it to draw the most benefit from your "tip"?)

Anyway, remember....there are no good or bad horses...only good or bad prices. Prices are the only thing that matter.