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Odds and Trends: Handicapping 2YOs at Del Mar, Saratoga

Odds and Trends with J. Keeler Johnson

Brant wins the 2025 Del Mar Futurity at Del Mar

Brant wins the 2025 Del Mar Futurity at Del Mar

Benoit Photo

Summer is in full swing, which means 2-year-old racing at Del Mar and Saratoga Race Course is about to heat up.

Handicapping juvenile races isn't always easy. There's not much racing form to analyze, so bettors must rely on trainer statistics, workouts, pedigrees, and auction prices to determine the most likely winners.

That's where tools such as Race Lens (from Equibase) and StatsMaster (powered by TrackMaster, an Equibase company) come in handy. We've used Race Lens and StatsMaster to crunch a wealth of numbers and determine which types of 2-year-olds are worth betting at Del Mar and Saratoga.

All of the data listed below pertains to the last five years of 2-year-old races at Del Mar and Saratoga, including those conducted outside of the traditional summer meets.

Trainers

Using StatsMaster, we compiled lists of the top trainers of 2-year-olds at Del Mar and Saratoga.

We ranked the top six trainers by wins with all starters, dirt starters, turf starters, and first-time starters. We also listed a handful of trainers at each track who compiled both high win percentages (19% or higher) and profitable ROIs from at least three wins with all juvenile starters.
 

Del Mar            
All Starters Starts Wins Win% Place% Show% ROI%
1. Bob Baffert 244 72 30% 22% 15% -13%
2. Doug O'Neill 366 41 11% 14% 11% -43%
3. Peter Miller 251 33 13% 14% 14% -7%
4. Phil D'Amato 168 27 16% 14% 14% 14%
5. John Sadler 139 26 19% 21% 16% -33%
6. Michael McCarthy 164 23 14% 15% 9% -31%
Dirt Starts Wins Win% Place% Show% ROI%
1. Bob Baffert 227 70 31% 21% 15% -9%
2. Doug O'Neill 225 24 11% 12% 12% -39%
3. Peter Miller 144 19 13% 13% 15% -40%
4. John Sadler 81 17 21% 23% 16% -29%
5. Luis Mendez 82 13 16% 6% 13% -39%
6. Michael McCarthy 66 11 17% 12% 8% -18%
Turf Starts Wins Win% Place% Show% ROI%
1. Phil D'Amato 116 19 16% 11% 12% 26%
2. Doug O'Neill 141 17 12% 16% 11% -49%
3. Peter Miller 107 14 13% 14% 12% 36%
4. Michael McCarthy 98 12 12% 16% 9% -41%
5. John Sadler 58 9 16% 17% 16% -38%
6. Peter Eurton 32 8 25% 6% 9% 74%
First-time starters Starts Wins Win% Place% Show% ROI%
1. Bob Baffert 116 38 33% 22% 16% -6%
2. Michael McCarthy 77 11 14% 8% 9% -17%
3. John Sadler 61 11 18% 20% 10% -30%
4. Tim Yakteen 52 9 17% 10% 12% 93%
5. Mark Glatt 36 8 22% 8% 17% 148%
6. Richard Mandella 44 7 16% 7% 20% -26%
Notable ROIs and Win % Starts Wins Win% Place% Show% ROI%
Victor Garcia 21 4 19% 5% 24% 208%
Kristin Mulhall 11 5 45% 18% 0% 136%
Adam Kitchingman 17 4 24% 0% 6% 116%
Peter Eurton 73 14 19% 11% 11% 2%

 

Saratoga            
All Starters Starts Wins Win% Place% Show% ROI%
1. Todd Pletcher 275 57 21% 13% 16% -19%
2. Chad Brown 186 32 17% 13% 17% -32%
3. Steve Asmussen 117 23 20% 15% 15% -17%
4. Brad Cox 85 23 27% 24% 12% 65%
5. Mark Casse 123 20 16% 21% 14% -10%
6. Mike Maker 117 18 15% 12% 10% -30%
Dirt Starts Wins Win% Place% Show% ROI%
1. Todd Pletcher 186 41 22% 13% 18% -19%
2. Steve Asmussen 106 22 21% 17% 13% -17%
3. Chad Brown 101 15 15% 15% 20% -34%
4. Brad Cox 63 15 24% 24% 14% 41%
5. Mark Casse 67 13 19% 22% 16% -41%
6. Mike Maker 69 12 17% 14% 14% -11%
Turf Starts Wins Win% Place% Show% ROI%
1. Chad Brown 85 17 20% 12% 14% -29%
2. Todd Pletcher 89 16 18% 15% 11% -19%
3. Christophe Clement 58 12 21% 21% 19% 8%
4. George Weaver 44 10 23% 23% 7% 9%
5. Brad Cox 22 8 36% 23% 5% 133%
6. Bill Mott 64 8 13% 6% 13% -20%
First-time starters Starts Wins Win% Place% Show% ROI%
1. Todd Pletcher 174 29 17% 15% 14% -34%
2. Chad Brown 161 22 14% 12% 17% -44%
3. Brad Cox 53 13 25% 17% 13% 77%
4. Steve Asmussen 48 12 25% 17% 8% 2%
5. Christophe Clement 48 11 23% 15% 19% 30%
6. George Weaver 52 10 19% 13% 12% -3%
Notable ROIs and Win % Starts Wins Win% Place% Show% ROI%
Brian Lynch 8 3 38% 13% 0% 224%
Adam Rice 6 3 50% 0% 33% 224%
Saffie Joseph Jr. 24 5 21% 8% 8% 180%
Philip Serpe 12 4 33% 8% 8% 147%
Michael Trombetta 12 4 33% 8% 8% 120%
John Alexander Ortiz 18 5 28% 28% 11% 79%
Wayne Catalano 10 3 30% 0% 10% 33%
Tom Amoss 60 13 22% 10% 10% 19%

At Del Mar, betting all juveniles trained by Phil D'Amato has been profitable over the past five years, especially when they race on turf. Horses trained by Peter Miller and Peter Eurton have likewise been profitable on grass, and playing all first-time starters trained by Mark Glatt and Tim Yakteen has been a sound strategy.

At Saratoga, bettors have been underestimating 2-year-olds trained by Brad Cox—betting them all has yielded an impressive +65% ROI. Also, first-time starters trained by Steve Asmussen have generated a profitable +2% ROI.

Bullet Workouts

Do bullet workouts identify horses worth betting? We used Race Lens to tally the results of horses who earned a bullet in one of their last three workouts. A bullet was defined as the fastest of five morning workouts at the distance.

We studied three categories of horses: those with a bullet workout 3 furlongs or longer, those with a bullet workout 4 furlongs or longer, and those with a bullet workout 5 furlongs or longer.

Del Mar            
  Total Races Total Starts Win% Place% Show% ROI%
Bullet, 3f+ 373 699 16% 11% 13% -33%
Bullet, 4f+ 321 552 17% 13% 14% -32%
Bullet, 5f+ 201 280 16% 15% 15% -40%

 

Saratoga            
  Total Races Total Starts Win% Place% Show% ROI%
Bullet, 3f+ 332 645 15% 15% 12% -17%
Bullet, 4f+ 296 523 16% 16% 11% -19%
Bullet, 5f+ 147 194 16% 15% 13% -18%

You can't make a profit betting bullet workouts without considering other handicapping factors. However, you'll lose less money doing so at Saratoga, where the ROI runs about -18% compared to a range of -32% to -40% at Del Mar.

Auction Prices

Using Race Lens, we looked at the performances of 2-year-olds based on their most recent sales price, and we uncovered some striking takeaways:

Del Mar            
  Total Races Total Starts Win% Place% Show% ROI%
$10,000 and under 271 457 7% 7% 10% -45%
$10,001-$99,999 471 1,495 10% 11% 12% -38%
$100,000-$499,999 320 830 17% 13% 13% 9%
$500,000-$999,999 143 196 21% 20% 20% -16%
$1 million or more 54 70 33% 19% 4% 34%

 

Saratoga            
  Total Races Total Starts Win% Place% Show% ROI%
$10,000 and under 161 225 5% 11% 8% -52%
$10,001-$99,999 406 1,356 9% 11% 12% -33%
$100,000-$499,999 366 1,067 16% 14% 13% -6%
$500,000-$999,999 137 180 21% 16% 14% -14%
$1 million or more 54 62 32% 19% 16% 95%

Betting every juvenile whose most recent sale price was $1 million or more is a profitable exercise at both Del Mar (+34% ROI) and Saratoga (+95% ROI).

The Saratoga ROI is bolstered by winners starting at 36-1 and 10-1 in 2021. But even if you exclude 2021 from the tally, the ROI for the last four years is still a profitable +17%.

At Del Mar, 15 of 23 winning million-dollar juveniles were trained by Bob Baffert.

First-time Starters vs. Experienced Runners

In maiden races, is it better to bet first-time starters or experienced runners? According to Race Lens, it depends on whether you care about win percentage or ROI.

Del Mar            
Route races Total Races Total Starts Win% Place% Show% ROI%
First-time starters 79 213 8% 9% 8% -34%
Experienced runners 101 686 12% 12% 12% 0%
Sprint races Total Races Total Starts Win% Place% Show% ROI%
First-time starters 271 1,223 11% 10% 11% -27%
Experienced runners 267 1,127 13% 14% 13% -39%
Dirt Races Total Races Total Starts Win% Place% Show% ROI%
First-time starters 227 940 11% 10% 11% -23%
Experienced runners 242 1,109 13% 14% 13% -30%
Turf Races Total Races Total Starts Win% Place% Show% ROI%
First-time starters 123 496 9% 10% 9% -39%
Experienced runners 126 704 13% 12% 13% -16%

 

Saratoga            
Route Races Total Races Total Starts Win% Place% Show% ROI%
First-time starters 86 416 11% 10% 10% -23%
Experienced runners 87 339 12% 14% 14% -30%
Sprint Races Total Races Total Starts Win% Place% Show% ROI%
First-time starters 292 1,585 11% 11% 12% -25%
Experienced runners 280 813 15% 15% 12% -27%
Dirt Races Total Races Total Starts Win% Place% Show% ROI%
First-time starters 236 1,220 11% 11% 13% -31%
Experienced runners 228 669 15% 15% 13% -29%
Turf Races Total Races Total Starts Win% Place% Show% ROI%
First-time starters 142 781 11% 10% 10% -16%
Experienced runners 139 483 12% 13% 13% -27%

At both Del Mar and Saratoga, experienced runners compiled higher win percentages than first-time starters across every category we studied. However, the best ROIs varied considerably.

At Saratoga, for example, you'd have lost less money (-16% ROI) betting first-time starters on turf than experienced runners (-27% ROI). But at Del Mar, betting every experienced runner in route races yielded a break-even 0% ROI, far exceeding the -34% ROI of first-time starters.

Conclusions

When playing 2-year-olds at Del Mar and Saratoga, a few handicapping angles stand out as particularly negative.

Handicappers should avoid betting on ...

  • horses who sold for under $10,000 at their most recent auction.
  • bullet workouts without regard to other handicapping factors, particularly at Del Mar.
  • first-time starters on turf or in route races at Del Mar.

Using these Race Lens and StatsMaster stats, you're well-equipped to seek a profit betting juvenile races at Del Mar and Saratoga. Good luck!

Special thanks to Equibase, which provided me with a free Race Lens subscription in exchange for product promotion. All opinions remain my own.