A day at the races, with its colourful variety and fast-paced action, appeals to people from all walks of life. Not surprisingly, the idea of going home with a few more dollars than when one arrived as part of horseracing's charm. In this volume, two distinguished economists, who happen to be horseracing buffs, outline a tested strategy for placing bets that aims to increase the reader's chances of a happy outcome at the track. The authors are the first to point out that getting rich at racetrack is unlikely. They do maintain, however, that with attention to their systematic approach, the racing fan can achieve the best possible chance at winning. In the process, the reader learns some of the most important measurement techniques in the social sciences, as well as the basic methods of market analysis.