Jerry,
Agree.
Any handicapping angle in and of itself is worthless. Distance, breeding, pattern, pace - worthless, worthless, worthless, and worthless. What matters is the legitimacy of that angle vs what the public has priced in (odds relative to percentages as you say).
As for distance and pedigree, when it comes to the Derby, it\'s probably true that colts with speed oriented pedigrees have outperformed those with the classic distance genes over the years, mainly because tactical speed is such an advantage in a 20 horse field; can\'t remember how many well bred horses I\'ve watched/bet on get banged up in back and not fire. Overall though, I tend to think there is value in playing against fast horses with questionable pedigrees as they stretch out (especially in the 2nd and 3rd generation).
Nobles Promise? Cuvee over Clever Trick is troubling, but it’s out there. The TGI looks ok, and the colt gets stamina from his 2nd dam. I used the horse last year in the Futurity, in part because I thought the pedigree was stronger than it looked. Stride in the final 3/16 of the Ark Derby will be crucial as far as I am concerned. I’ll let others smarter than I focus on the pattern, but I don’t doubt that you’ll find value if you nail that angle.
As usual though, I think the best way to address all of these issues is to just post a pick, let the chips fall where they may.