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Dick Mitchell, Commonsense Betting (Morrow, 1995)When one picks up a handicapping book by Dick Mitchell, one can be assured one is getting good stuff. Mitchell, a college statistics professor, knows his math. Granted, his style of relation may be annoying at times (after the fiftieth sentence starting with the word please, perhaps one will pick up on the not-so-slightly condescending tone), but if you can get past it, the information to be found here is great stuff. (And really, Mitchells not as bad as some other handicapping writers.)If youve read a number of handicapping books, especially Mitchells other works (and Winning Thoroughbred Strategies is one of the best handicapping books on the market, and should be read by every horseplayer, casual and serious), much of whats here is going to be another look at the tips and techniques weve seen before, but through the lens of money management as applied to various types of bets (exactas, pick threes, etc.); stuff the average player could probably figure out given an unlimited amount of time, computer power, and the knowledge of the right questions to ask. But why expend the energy? Get back to handicapping and let Papa Dick do the work for you.The books real gem, though, is the last chapter. (And this will probably be a controversial paragraph with horseplayers, who are wondering why the thing was even in the book in the first place.) Mitchell abandons handicapping, racing, the whole bit altogether, and gives the punter a lesson in money management 101 for the time you spend outside the racetrack. As with his work on handicapping, Mitchell documents everything he says nicely and leaves a long, glowing trail of other reading for the handicapper to pursue; the only difference here is that Mitchell is praising the likes of Bill Donoghue rather than the likes of Jim Quinn. One youve figured out that the last chapter aint about horses, please, dont skip it. In fact, even if you couldnt care less about horses, beg, borrow, or steal a copy of this book and read the last chapter (unless youre already familiar with outside-the-racing-world money management books by authors like Donoghue and Peter Lynch); its stuff we could all use, and most of us dont. ****
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