T
Tufnel
The whole thing may have been a lie, but if so an extensive and extremely well crafted lie, because in writings over eleven years or so (not counting the foray into "best bets/next bets" some years later), VDW's body of writing is a model of consistency. Apparent inconsistencies prove not to be so the more one works at them, and apparent nonsenses make sense once one realises his position.
The bottom line is can one get anywhere near VDW's claimed strike rate when one properly understands his method? I won't be sure unless/until I do, but there is one piece of unarguable evidence that gives me hope: Lee's pre-race posted selections. And with due deference to Lee, I am pretty sure he was well aware that his understanding, though well ahead of any of the other Gummy contributors, even Guest, was incomplete.
The rationale for the <20 percent of horses VDW considered "potential winners" that he backed is simple and all to do with, as he put it, "temperament and odds".
In the large majority of races it is possible to identify the class/form horse by VDW's two main methods of rating: ability and form status. The class/form horse, when identified, is the horse "most likely to win" but what does that actually mean? There are no true probabilities in racing, but that doesn't mean judgements can't be made and expressed in probabilistic terms. Take the Cesarewitch, one of the big end of turf season handicaps. Twenty-four runners this year. The class/form horse (whichever it was, not a race I looked at) would, from the perspective of VDW's method, have been the likeliest winner - compared to any other single runner, thus the individual horse "most likely to win". But that would be true if, probabilistically, one judged its chances perhaps less that 10%, with all the others individually lower, but one of the twenty-three others much more likely to win.
VDW seemed to be waiting for those where the class/form horse was not only the one most likely to win, compared with any of his or her individual rivals, but very likely indeed to win compared with the totality of the rest. Having an 80%or more chance, to be precise. It is determining which class/form horses meet that threshold that I think constitutes what I've referred to as the fourth numerical picture. Easy enough, much of the time, to get to the end product of the third stage - the class/form horse. Quite another to determine whether any specific class/form horse is an "80%+ class/form horse, and I for one am not at all suprised that VDW discarded many class/form horses as not meeting the threshold. (As I did with Le Milos in the big chase on Saturday. NOT a difficult judgement to make.)
It is clear that not all "80%+" class/form horses won - in crude terms VDW's strike rate claim is that about four in five did. It is equally clear that plenty of other class/form horses not meeting the "80%+" threshold also won, and obviously if one could find a way of identifying those it would open up more betting opportunities, but first things first. For VDW it seemed that strike rate was central, and I can understand that, because losing runs sap confidence. He presented himself as someone with the temperament to wait for the ones where is his judgement the odds - an 80%+ chance - were there. He was dismissive of "value bets".
An unknown is to what extent books played a part; two or more horses collectively like to reach the "80%+" threshold must, I suspect, have played a significant role, given the number of bets VDW seemed to find.
As I say, it may all be one big lie. But if you look at Lee's pre-race posted selections, I think you'll find that he wasn't scoring much short of four out of five.