- 3 -
than 25 years. Petitioner has been “seriously” handicapping
horseraces for approximately 11 years.
Petitioner bets on horseraces via a closed circuit simulcast
at Yonkers Raceway (Yonkers). From Wednesday through Sunday,
Yonkers simulcasts horseraces from several alternating race
tracks. Typically, petitioner spends approximately 40 hours per
week handicapping and betting on horseraces. During 2001,
petitioner spent more than 250 days handicapping races and
betting at Yonkers.
Petitioner keeps a detailed account of his daily gambling
transactions. This includes his daily wagers and winnings, as
well as a cumulative total of his yearly winnings and losses.
He also spends a considerable amount of time handicapping races
and studying racing programs and other materials. As part of
handicapping horseraces, petitioner prepares his own “speed
figures”.2 Using a number of criteria, including track length,
track conditions, and weather conditions, as well as his
observations during the races, petitioner determines a final
“speed figure” for the winning horse in each race and compares
the “speed figure” to other horses. Petitioner maintains a
detailed chronological record of his “speed figures” for the
winner of each horserace.
2 “Speed figures” can also be purchased from a third party.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Next
Last modified: May 25, 2011