There's an old joke among horseplayers: "I had a good day at the track. I broke even." The joke carries a certain bittersweet sting for those who've tried to make money on the nags. Laureate Poet of Skid Row Charles Bukowski—who used the track as a metaphor for the fickleness of the Muse—once pointed out that most bettors would actually make more money picking a random number and sticking with it for the whole card, than using their various systems and superstitions to try to make money at the track.
Professional horseplayers, those who consistently make money at the track, are a very rare breed. And yet it can be done. Not only that, but the odds are much better than outright longshots like the slots or the lottery, or even a lot of tabletop games played on the green baize.
Richard Eng's "Betting on Horse Racing for Dummies" will not make you rich, like the book of results Biff received from an older version of himself in "Back to the Future II," but it will save you years of heartache at the track, and help you build a foundation to be responsible with your bankroll, to gamble for both fun and profit, and not with the rent money.
Topics covered include correctly reading the racing form (which can be quite daunting for a first timer), exotic wagers, horseplayer slang, and basic pony morphology, i.e. where the fetlocks and withers are, what a "hand" is in measurement terms, and which horses still have their testicles and which have undergone the "ultimate change in equipment" to make them less unruly and more focused.
Eng knows whereof he speaks, having decades in the gaming industry and in the science of handicapping. That said, he manages to do a stellar job of making sure not to intimidate the layman by blindsiding them with massive amounts of undigestible information. It's all parceled out in easily manageable bits, with interesting sidebars about racing lore, history, and some of the scandals that have convulsed the industry from time to time, like the Catskill Haul, in which a computer programmer and some track insiders conspired to steal millions on a race with a fixed outcome. Highest recommendation, both for those coming to the sport for the first time and those in need of a refresher.