Hi Jim:
On one level, I agree with much of what you have to say on Bodemeister. I used Thoro-Pattern, rather than Baffert\'s trainer stats, to do my analysis, as it definitely seems relevant (that is, 3 fairly recent races) in this instance.
Looking at Thoro-Pattern, Bode has a 64% chance of pairing or running a new top. And if he pairs or runs a new top, I would think that would make him at least 80% likely to win the race, especially (as you noted) considering his running style. Combining those two elements (64% x 80%), Bode is 50% to win the Derby, which makes his fair value somewhere around 2-1! And that\'s not even factoring in the small possibility he wins with an \'off\' TG fig.
So all of that looks great for Bode. But then I decided to look at the 10 year history of horses who had run very fast tops in their final Derby preps. I set the cutoff for \'very fast\' at TG 1, somewhat arbitrarily, but it seemed like a reasonable benchmark. From this perspective, things don\'t look so good for Bode, and they really don\'t look so good for Baffert:
2002-2011 Horses Running New Tops of 1 or Faster in Their Final Derby Prep (Final Derby Prep TG # ----> Derby TG#):
New Top in the Derby:
Big Brown Neg 3.5 ---> Neg 4.75
Pair in the Derby:
Circular Quay Neg 1 ---> -0.25
Lion Heart Neg 1 ---> 0
(Note: both of these were just shy of being \'Offs\')
Off in the Derby:
Musket Man Neg 0.75 ---> 1.75
Papa Clem 0.25 ---> 1.75
Summer Bird 1 --->2.75
Tale of Ekati 0.5 ---> 3
Buddy Gil 0.5 ---> 4
X in the Derby:
Arch Arch Arch 1 ---> 9
American Lion 0.75 ---> 7.25
West Side Bernie 0.25 ---> 6
Desert Party 1 ---> 7.5
Z Fortune 0.75 ---> 6
Smooth Air 0.5 ---> 7
Gayego 0.25 ---> 13.25
Sweet Northern Saint -1.25 ---> 4.25
Point Determined 1 ---> 6 (Baffert)
Sinister Minister Neg 4.5 ---> 11.5 (Baffert)
Bob and John 0.5 ---> 12 (Baffert)
Afleet Alex Neg 2 ---> 2.5
Bellamy Road Neg 5 ---> 4.25
Greeleys Galaxy Neg 2 ---> 3.75
Bandini Neg 3.25 ---> 17.75
Cliff\'s Edge Neg 1 ---> 3.25
Indian Express 1 ---> 10.75 (Baffert)
Now we know that most horses go backwards in the Derby, anyway, so maybe we shouldn\'t read too much into this. But I think it would be a mistake to assume that Bode can win the Derby going backward. Some horse is bound to jump up, and Bode, if he does go backward, doesn\'t have the same margin of error that Big Brown had. Perhaps more importantly, Baffert has yet to show he can win the Derby with a horse coming in off a new top. Point Given, Indian Charlie (both favorites), Point Determined, Sinister Minister, Bob and John, and Indian Express all came into the Derby off of new tops for Baffert, and all went backward. On the other hand, his 3 Derby winners have all come in off of pairs in their final preps. Pioneer of the Nile also came in off a pair. (Congaree did come in off a slight new top of 1.25 and did pair it up with a good 3rd place Derby finish)
Furthermore, most of us on this board are presumably betting exotics in the Derby. Although your 2010 Super Saver score showed that you can win a lot of money even with one of the favorites on top, the chances of a big payout obviously increase quite a bit if you can get a double digit horse on top. Which brings me to....
Hansen. I\'m inclined to forgive his \'bounce\' in the Blue Grass. If he is a better horse on dirt, the regression doesn\'t look as bad. Maybe there was even some intent on Maker\'s part there. I also read (but did not verify) that the 1:35 and change mile he put up to open the Blue Grass was the fastest opening mile of the meet, even including Wise Dan\'s Ben Ali. He showed in the Gotham that he can rate and finish effectively. I\'m counting on him to come back to his Gotham figure, get a fairly clean stalking trip, and to be a factor in deep stretch. I don\'t know if he has the stamina to go 1 1/4, but at 10 or 12-1, I\'m willing to find out, and will almost certainly key him in the tri and super. I also think the speed horses tend to be overlaid in the Derby, as the conventional wisdom generally assumes a pace meltdown.
So, I\'ll run a small portion of my bankroll through Bode on top, but it will not be my primary play.
Good Luck.