Even more interesting is the Exacta and Trifecta bets, where you bet on order.

I worked with a pretty hardcore handicapper. He would plan for certain races for weeks and look at training and other factors. Basically, he'd cover the Saratoga meet and pair favorites a longshots and come out ahead enough to stay ahead. You could tell how well he did by the toys purchased in the Fall. Good year, a truck, bad year a laptop.