I tried my luck in yesterday's Simulcast Series Challenge #1 at Monmouth Park, and ouch-a-mundo! I went 0-for-8, and nuked my $100 starting bankroll with seven $10 bets and one $30 bet.
I should have known it wasn't my day when I seriously considered plunking $10 on Mighty Score in Gulfstream's 2nd race, ultimately didn't pull the trigger, and proceeded to watch him score at 8-1. When I did start to bet, of course I lost -- Jambonied did nothing at 7-1 in GP3, as did Smart Tori at 8-1 in GP4; 6-1 Break Up the Game was too little too late in GP5; and Cristobal didn't pick up his feet at 24-1 in GP6. Throw in a few losers at Aqu and Tam and I was down to $30 late in the day; I decided my only hope was a last-three-races parlay at Gulfstream, so I put my $30 on 3-1 Sr. Henry in GP8 and was out the door when his late rally came up short.
When handicapping fails as it did yesterday, contest strategy becomes essentially irrelevant, so there's nothing to yak about on that front. It's akin to a football team that can't get a first down.
No big deal all-in-all, these kind of days happen to even the best handicappers (my compatriot at NJHorseplayer.com crapped out with just one winner yesterday)-- the challenge is to minimize their frequency. Onward and upward.