In any discussion about the impact late money has on handicapping a race there should be a disclaimer.
While some people focus on the shifts in win odds during the final minutes of wagering, there’s also a collection of handicappers who believe early money — or the odds during the initial minutes of wagering — are more telling factors.
Rather than engage in that decades-old debate, for the purposes of today’s lesson we’ll focus on late money and some important points to keep in mind while watching the toteboard as post-time approaches.