And have seen some of the success I've had there on $1 beer night
when the Austin and San Antonio groups get together to gamble on the
races. If you are one of those, then you may wish to read this,
otherwise you probably should ignore this message.

I established an account with Youbet.com to gamble on horse races
through the internet. It's a reputable based company from
California that is actually listed on the Nasdaq exchange. See:

http://finance.yahoo.com/q?s=UBET&d=t

Their website:

http://www.youbet.com/

I funded the account with $100 and hit a Trifecta that paid $669
last night, after some subsequent losses, I wake up this morning
with the account having $580 in it.

The Kentucky Derby is coming up, first weekend in May, if you want
to gamble on that you should just set yourself up an account
(although I will probably still put together an accumulative pool on
the Kentucky Derby on a Superfecta because they are expensive to buy-
I normally put together a pool buying a $100-$200 Superfecta trying
to pick combinations of horses to get the exact four in finish
order). If you refer someone to Ubet.com and they open an account
with your "handle" (user ID), then after they have placed a few
wagers Ubet.com gives you a $50 referral fee. So by setting up your
account now and telling friends about it, you likely could have your
Kentucky Derby wager paid for in your account by referral fees.

Now, when you open your account, you need to list as your referral
my user ID (handle) which is boatgod. The referral fee I get from
you setting up your account, will give you the benefit of my
research on big races (free research on big races through an email
distribution list). You should note that if you wish to refer
someone to Youbet.com but you would like me to provide them my horse
picks, then they would need to list me as their referral rather than
you. I'm only going to provide free horse racing picks to those who
list me as their referral at Youbet.com. When I am online gambling
I have my yahoo messenger on, people can also ask me questions about
current races IF they list me as the referral.

Horse racing is like stock picking, those who have analytical
reasoning skills do well. Many of you have seen my stock picking
acumen, where I have ranked as high as #16 of 69,000 in The
Marketocracy Challenge. Since I designed a fund about two years
ago, my return on investment has been 40% greater than the S&P 500
index. Only about 5% of professional money managers can put
together funds that beat the S&P 500:

http://www.marketocracy.com/cgi-
bin/WebObjects/Portfolio.woa/ps/FundPublicPage/source=EeGpCjFgDoEfFeC
aMaKiAbDe/maxDays=730

Today's biggest race is the $150,000 Santa Ana Handicap at Santa
Anita Park. It is at 6 PM today (I think that is Central Standard
time but I am not certain). Here is a story previewing it:

http://racing.bloodhorse.com/viewstory.asp?id=27222

The first thing to realize on big races is that a lot of novices bet
on the races, and the professional gambling establishment who are
going to make wagers, always intentionally tell the betting public
to bet on the horse which should not be favored. That story says
Megahertz should win and it is the morning line favorite. It may
win. But it should be no greater favorite than the 5-1 horse
Valentine Dancer. Valentine Dancer in its last race destroyed a
field in a race with a $500,000 purse. Of the six horses in the
field, Valentine Dancer has the highest paying stakes win with that
$500,000 stakes purse. If you open an account with $50 at
Youbet.com today, on race 8 at Santa Anita Park, you should put $2
to win on #2, $5 to place on #2, and $10 to show on #2 (Valentine
Dancer). That $17 might yield you $40 if Valentine Dancer wins, by
betting the horse that if not favored, should be the 2nd betting
favorite. It's only a six horse field, so a 5-1 shot in a 6 horse
field when it's a big race, is in essence a long shot.

With Youbet.com, you will be able to watch that race live.

It costs more than $20 to go to a movie these days, but you never
come home from a movie with $100. On a night you might not want to
go to a movie, listening to my advice on races and gambling 4 races
on 3 horse exacta boxes costing $6 each, you might be rewarded with
$100-$200 rather than a cramped movie theater. Now when I do these
exotic wagers, my theory is that it is better to win more money than
it is to win more often. Last night I probably lost 95% of the
wagers I made, but because I was right on the 5%, I grew my account
from $100 to over $500. If you bet the favorites all the time you
will win more often, but the first time you lose, you haven't made
enough money betting the favorites the other times, to win money
horse race gambling. So if you follow my advice you need to realize
you are trying to win money over winning as often.