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Travers Stakes Preview

On Saturday is the $1.25 million Travers Stakes at Saratoga, run at the classic distance of 1 ¼ mi. on the dirt for three-year olds. The race features a stellar field, including Tacitus, who is the morning-line favorite at 5-2. Tacitus was the winner of the Wood Memorial and Tampa Bay Derby. Most recently, he placed second to Tax in the Jim Dandy stakes and was second to Sir Winston in the Belmont Stakes. Next is Code of Honor at 4-1 on the M/L, who won the G3 Dwyer at Belmont in his last race in early July. Before that, he finished 3rd in the Kentucky Derby. Tax, Owendale and Mucho Gusto are all 6-1 on the money line. Tax, again, was the winner of the Jim Dandy Stakes on this same track at Saratoga over Tacitus. His only other graded stakes win was in the Withers at Aqueduct in February. Owendale won the Ohio Derby in his most recent start and previously was the winner of the Lexington at Keeneland. Mucho Gusto nearly beat Maximum Security his last time out in the Haskell in July. He has four wins in G3 races, including the Affirmed, the RB Lewis and the Bob Hope. Among the other horses, Highest Honors comes into the race on a two-race winning streak after winning the Curlin at Saratoga in July. Everfast gives it another try after second place finishes in the Preakness and the Holy Bull. Broadly speaking, this is a wide open race with no horse getting higher than a 20% winning probability according to the model. The Handicap Wizard is favoring Tacitus with a 19.07% winning probability, who rates best in final speed at 32.6% and has the second best Winning Percentage, adjusted for stakes, at 20.9%. Next is Tax with a 15.76% winning probability. He has the second highest final speed estimate at 28.1%, but is somewhat risky with an 8% CV or Coefficient of Variance ratio. Third is Code of Honor, who has the highest Winning Percentage in the field at 21.2% and the lowest risk, but does not factor well in terms of final speed with a 0% estimate, though has the highest LP estimate at 44%. Fourth is Mucho Gusto with a 13.07% total winning probability, who is coming into the race off a career peak 102 Brisnet final speed figure. Mucho Gusto ranks fourth in final speed behind Tacitus, Tax and Owendale at 15.1%, but is first in the E2 category at 27.7%. Interestingly, Mucho Gusto has the highest COMP estimate at 28.3%, which adds the simulated results from E1, E2 and LP together, meaning that his component estimates stack up well against those of the other horses. Contrary to the Pacific Classic, which was a complete disaster in terms of expectations meeting their mark, it is reasonable to believe that this race will follow expectations better, consideration that the average coefficient of variance for all the horses is just 5%. In terms of pedigree for the distance, the strongest horses appear to be Code of Honor as a son of Noble Mission, Mucho Gusto as son of Mucho Macho Man, and Laughing Fox, sired by Union RagsHighest Honors and Tacitus are both sons of Tapit. Qualitatively, there is no stand-out horse in this race and the differences between the top horses are slight. Code of Honor looked superb down the stretch in his last race in the Dwyer, but that was at only 1 mi. That said, his sire in Noble Mission was a multiple turf race champion at the G1 level overseas, so the distance should not be an issue for him. For his effort in digging in against Tacitus in the Jim Dandy, Tax has the edge between the two. It’s doubtful he would have been overtaken, had the race gone one furlong farther. Mucho Gusto had a great effort against Maximum Security in the Haskell, showing that he could go toe to toe with the Kentucky Derby champion, but seemed to have maxed himself out at 1 1/8 mi. There’s a risk that Baffert has run him too hard, with this being his fourth race in as many months after his peak effort in the third race off the layoff, which was the Haskell. Tax and Tacitus likewise are coming into the Travers with quick turnarounds on less than a month’s rest. Owendale is intriguing because he’s coming in not only after a peak effort in the Ohio Derby with a final figure of 99, but he’s also more rested than the other horses. In the final analysis, I believe it will be close between Code of Honor and Owendale for 1st because of their last LP figures of 115 and 112, reflected in their top LP estimates, followed by Tax, Tacitus and Mucho Gusto. Mucho Gusto could very well be leading through 1 1/8 mi., but I see him fading after that. In any case, the Handicap Wizard is calling it Tacitus, Tax, Code of Honor, Mucho Gusto and Owendale—all sensible selections that more or less follow the morning line ordering.

 

Pacific Classic and Oaks Commentary

For any one looking for answers for what happened in the Pacific Classic, there aren’t any. The horse that won, Higher Power, had never won a graded stakes race in his career and didn’t have a leg to stand on quantitatively, and yet he beat multiple graded stakes winners and million dollar earners, who looked pitiful. The odds of the horses that finished in the top three were 9-1, 13-1, and 18-1. To put this into perspective, the combined implied winning probabilities of these horses was only 20%, a virtually impossible result considering that the three favorites in Seeking the Soul, Pavel and Quip had low risk with Coefficient of Variance ratios of 4%, 6% and 7%. In other words, these top horses do not deviate from their performances norms, so for all long-shots to have won, all the favorites would have had to fallen out of form at the same time. It is all the more unlikely in view of the fact that Pavel and Quip came into the race off career best performances. This was quite a woeful result for one of California’s premier races. It will go down as one of the worst ever for a grade 1 stakes race from a statistical handicapping perspective.

That said, the program had the winner of the Del Mar Oaks with its second selection in Cambier Parc, and had three of the top four finishers with its top four selections in Keeper of the Stars (4th) at 22-1, Cambier Parc (1st) at 6-5 and Lady Prancelot (3rd) at 15-1. Unlike the Pacific Classic, this race had integrity, even though it was a much more difficult one to handicap, in that the results were quantifiable.

 

Del Mar Oaks

The Del Mar Oaks, run at 1 1/8 mi. on the turf for three-year old fillies, looks to be a wide-open affair with a large field of fourteen. Cambier Parc comes in an an overlay favorite at 2.5 on the M/L with the highest Winning Percentage at 19.3%, but ranks fourth in terms of final speed according to the simulation at 12.4%. The horse’s total winning probability of 13.72% puts her fair value around 6-1 or 7-1. Keeper of the Stars offers value at 10-1 on the M/L because of a final speed winning estimate of 38.3%, but that is based on just two figures, and the horse’s WP does not stack up well against those of the others at just 3.1%. Mucho Gusto deserves consideration from having the second best WP at 11.9% and enters the race on a three straight win-streak on the turf, with two at the $200K stakes level. Her last performance in the San Clemente was impressive, considering that the horse had her momentum stalled after Apache Princess angled to the right in front of her down the stretch, when she had to go further wide and then re-fire to get up in time for the win. Without the interference, Mucho Unusual’s 91 final speed figure most certainly would have been higher by a few points. The following projections were made with PHW 4.0 Turf program.

 

 

 

Pacific Classic Preview at Del Mar

Today’s feature race is the Pacific Classic at Del Mar, run at 1 ¼ mi. on the dirt for three-year olds and up. The field features such notable horses as Seeking the Soul, winner of G2 Stephen Foster Handicap at Churchill in June, when he defeated another entrant, Quip, by a neck. There is also War Story, winner of the G3 Monmouth Cup in late July, and Pavel, who was third in the Suburban Handicap at Belmont in early July. Among the others, Campaign won the G3 Cougar Handicap at Del Mar with a peak performance in late July. The Handicap Wizard is favoring, not surprisingly, Seeking the Soul in this race, who is the morning line favorite at 3-1. At that price, he is a slight underlay, in view of his total winning probability of 27.55%, coupled with a robust winning percentage, adjusted for stakes, of 38.8%, which would put his fair value closer to 2-1 than to 3-1. However, he does not have the most speed in the race according to the simulation. That nod goes to Pavel with 28.6% final speed winning estimate, thanks to the career best 110 final speed figure he put up in his last race in the Suburban Handicap, which was still was beneath Catholic Boy’s and Preservationist’s figures in that race. The program has assigned him about an 18% total winning probability. What’s to like about Pavel is that he’s coming into the race in peak form, when his top performance in his last race came at the same distance, 1 ¼ mi, in the Suburban Handicap. The horse is no stranger to Del Mar after coming in 2nd in the Pacific Classic last year behind Accelerate. Quip is the program’s third selection with a winning probability of 15.82% and like with Pavel, is coming off a career best performance in the Stephen Foster. While it is unlikely that any of the other horses will crack the top three, War Story deserves consideration for his relatively strong E2 and LP winning estimate at 27.5% and 10.4%, although his final speed estimate at 5.6% is light compared to the top ranked horses in this field. His Winning Percentage is third best at 11.6%. Campaign has only one graded stakes win to date, which came in his last race in the Cougar at Del Mar, so he does take a back-seat to the others in terms of class with only a 4.1% winning percentage and is the riskiest horse in the field with a CV or Coefficient of Variance ratio of 11%. In the final analysis, it is hard to disagree with the predictions of the program for the Classic that it will go in the order of Seeking the Soul, Pavel and Quip. Yet, War Story’s grit in holding off Bal Harbour in the Monmouth Cup was impressive enough that he deserves a look as a horse with an outside chance to win, if he can repeat that performance. Both he and Seeking the Soul appeared to have the best late kick in their last races, although War Story is a bit expensive at 8-1 on the M/L. The program has him at 9-1 fair value. Pacific Classic Selections: Seeking the Soul, Pavel, War Story and Quip

PacificClassicPreview

 

Race 7 at Gulfstream, Thurs., August 15

Here is an excellent result with the Turf Program from race 7 today at Gulfstream, run at 5f on the turf for fillies and mares three-years old and up. The program had as its top selection, #5 Nikee Kan at 4-1, with a total winning probability of 17.58%, while the market favorite was #3 Sugar Bolt at 9-5. Nikee Kan had the second highest winning probability by speed at 21.9% and the highest Winning Percentage at 19.3%. In the race, Sugar Bolt went to the early lead along with the second selection, #10, Tracy Ann’s Legacy, which is how it stayed until the stretch, until Nikee Kan ran by them in the middle of the track for the win.