What Happened to the Edge
The demise of Len Ragozin’s speed number
A walking brainstem like Foxy negotiates with a human supercomputer like The Sasquatch
Impulsive, deeply irrational bets drive out smart money by flattening the odds
Sporting folk know there are two principal modes of handicapping horses, the mathematical and the mystical. When numbers fall silent, as they will with Chihuahua-bred maiden two-year-olds, for example, gamblers say that a horse with no recorded past has no form. A handicapper must have the self-discipline to sit out a formless horse race or a willingness to be seen dangling a pin suspended by thread over a racing form, or calculating the horses’ name values in Gematria. All such as may happen when the urge to bet overwhelms the imposture of rationality. Mathematician, mystic, or vigorous hybrid, every gambler needs an Edge. Beginning in the late 1960s, a Marxist Handicapper from Greenwich Village, Len Ragozin, provided that Edge for many. Ragozin’s “speed number” boiled a horse’s performance down to a single digit. Combined with Ragozin’s acclaimed “bounce” theory, that number provided professional gamblers like the Sasquatch with the Edge, the small advantage that made it possible …