Started handicapping Hollywood Park and Santa Anita in the late Eighties while finishing my Electrical Engineering degree at UCLA. Successfully created my first handicapping program on a classic HP Reverse Polish Notation calculator.
Started to believe there were market efficiencies in horse racing that could be taken advantage of. The take-out in horse racing is significant but if you could accurately predict a horse's fair odds then you could beat the races. Every race has random uncertainties that you can't predict but in the long run you can collect expected profit off your fair odds calculations.
While serving as a submarine officer in the Nineties, I developed my first computer program on a 1994 laptop. I manually entered data from the DRF racing form into Excel. I used advanced statistical models to translate past performance information into a value line for each horse. Eventually I modernized my program to automatically collect data and to include adjustments for pace, fitness, distance and surface (PFDS).
After I turned 40, I got into horse race ownership with several friends in On the Mark Racing & Dragonfly Racing Club. We had significant success with low priced yearlings and claimers in Texas, Louisiana, Oklahoma and Arkansas. I won TOBA's award for New Owner of the Year in 2008.