The End of an Era and Stepping Away
- Jun 27
- 6 min read
Updated: 5 days ago
I've been delaying this article for as long as I could, but there's no better time than the present. Might as well get on with it.
Why I am Stepping Away...
This chapter of my journey has been one of the most rewarding of my life, and I am deeply grateful to every member of the Dirty Horse Club who has ridden along with me. But with a site renewal due by January that is slowly approaching, I see no path forward that would justify renewing the site.
While I may still share a few select analyses over the coming months - particularly the Haskell, the Travers, Breeder's Cup - I do so with the understanding that my heart is no longer fully in it mainly because I can no longer use the dosage side in my handicapping. An unforeseen turn of events, but a reality none-the-less.
I'll keep it live until January, already knowing that the answers I’m searching for will not reveal themselves ever again. This will mark the quiet close of a special era. Thank you for allowing me to share it with you.
Like most of us here, my introduction to the sport of horse racing came at a very early age. For me, it was harness racing at Brandywine Race Track in the 1970s - even before I could ride a bicycle without training wheels.
I learned how to read a tote board and a program, and how to judge the odds against profit. My Grandfather was the best handicapper on the East Coast.
"Never place a bet just for the sake of gambling. Only place a bet when you know that horse completely and when you feel 100% confident that he will pay you for backing him."
Soon thereafter, I graduated to the big leagues of thoroughbred racing at the old Garden State Park in Cherry Hill, New Jersey, and Philadelphia Park (now Parx Casino). What a time it was, even as a novice, but still hungry to learn.
In the years through the 1990s and into the 2000s, I studied the art of Dosage Theory - a gift that was freely given to us by the great Dr. Steven Roman. I took his work in a different direction, my own direction, and expanded its possibilities into the art of handicapping.
Instead of judging the configurations against the broad range of active horses across the board like everyone else, I condensed it all the way down to the specific field of runners within the specific recurring past Graded Stakes races.
Through trial and error, and eventually by analyzing thousands of past race results charts in Graded Stakes races both here and abroad, undeniable patterns with those configurations began to emerge within each specific race and within the weather bias.
It was an amazing discovery. Every race different and yet, every specific race, year over year, consistent within itself.
Repetitive race, run in the same season, at the same distance, same surface and same track (bias) saw the same types of configurations consistently hitting the top of those results, while the incorrect ones persistently fell to the bottom. This occurred race after race throughout the previous 15-20 editions with minimal outliers. The heavens opened up!
It got to the point where I had a yearly binder filled with horse's names, their dosage figures and the specific race(s) that his configurations aligned with and were historically built for. If he was entered, I was ready to pounce.
I knew something that nobody else knew. Those configurations were magical, perfect, repetitive, and highly necessary when wagering. I stayed quiet on the sidelines, but I truly began to understand the meaning of “knowing the horse.”
And I began to cash - a lot.
Back in 2013, I cashed in on a maiden race while at Delaware Park that was simulcast from Golden Gate. I bet on him strictly because of his dosage numbers for the AWS. They stood out amongst the field and I loved the way he carried himself. I knew him well before he broke from that gate.
I instantly fell in love with that horse and I knew he was going to be a superstar after that debut. He was a little black horse named Shared Belief.
The two-year-old annihilated a group of speedsters traveling six furlongs on the all-weather surface at Golden Gate. His configurations, combined with that performance, told me everything I needed to know moving forward with him. This was no typical California Speedster - this was a 10f+ horse who displayed raw powerful speed with a will to win.
That race and that horse became the catalyst that brought me out of my shell. I began posting regularly at HRN and HRF thirteen years ago. I simply could not keep it to myself any longer.
I pushed Shared Belief relentlessly - "Bet him. Single him. He's going to win. He's unbeatable." I also defended Dosage Theory at every opportunity, with heated arguments that attracted attention. The quest had truly begun.
A couple years later, I incorporated Federico Tesio's philosophy and began to attach the conduit mare profiles with Dr. Roman's Chefs. This is the moment when the loose ends tightened up and the magic was solidified in stone.
Soon thereafter, The Dirty Horse Club was born.
Over 370 articles later, working alongside a wonderful group of loyal handicappers, I tried my best to share the extra value hidden in those configurations here at the Dirty Horse Club.
For years, our "method" was remarkably successful at separating the players from the pretenders early in their careers and at predicting who was BUILT FOR THE RACE. We simply looked to the past for the validation - and it was there.
But like all good things, this chapter eventually comes to an end.
The inclusion of 42 new Chefs-de-Race since April was obviously necessary, and I continue to trust Dr. Roman’s appointments completely in terms of breeding and I assume for purchasing decisions.
For handicapping, however, the high amount of additions in a short span of time have fundamentally altered the broad range across the speed/stamina spectrum - which was usually found within a full field of competitors. Now, the fields have completely merged and levelled out. I've searched, but it is no longer there.
For instance, up until April of 2026, Shared Belief’s configurations were:
Then: DP = 2-2-6-2-0 (12) DI = 1.40 CD: 0.33 (stamina)
Mares Profile: 0-3-6-8-8 Speed = 3 Stamina = 16 Index = 0.30 Triads = 9-17-22 (massive stamina)
Now: DP: 10-2-14-2-0 (28) DI = 2.11 CD = 0.71 (Lower Mid-range category, over double slide in CD)
His numbers (mares aside) now resemble the vast majority of any given field.
Similar shifts appear across recent Graded Stakes Winners and Board-hitters.
Sovereignty, for example, whose combined chefs and mare triads stood out for the sloppy track at Churchill in May:
Then: DP = 2-3-3-0-0 (8) DI = 4.33 CD = 0.88 ANZ = 7.00
Now: DP = 10-3-15-2-0 (30) DI = 2.16 CD = 0.70 ANZ = 2.58
Epicenter, whose speed once stood out dramatically on dirt with his negative CD:
Then: DP = 0-0-9-1-2 (12) DI = 0.60 CD = -0.42
Now: DP = 13-0-22-1-2 (38) DI = 1.71 CD = 0.55
The once-clear distinctions I had relied upon have largely disappeared.
The majority of horses - both past and present - now cluster in a similar mid-range/upper stamina category. The sharp edges that made reading these configurations so powerful for handicapping have been greatly reduced.
The mid-range category has exploded, basically meeting in the middle now. The once "rare" loaded profiles are now common-place because of the newly minted first generation chefs. There is no real separation within any given field to pinpoint those advantaged stand-outs as we had before.
After spending the last two months reviewing historical results and their full fields with the updated numbers, I have been unable to find the same definitive advantages we enjoyed for more than a decade. The old method and clear-cut distinction is now obsolete - this being the main point I required to post with conviction.
It pains me to say it, but the truth is better than forcing something that is no longer there. I have always posted with 100% confidence or not at all. I see no sustainable way forward under the current framework.
Unless I discover a way to regain the clarity and confidence that the old configurations once provided, I simply cannot continue posting with the same conviction I’ve always demanded of myself in that regard. The playing field, both past and present, has leveled out - which is in direct opposition to what we had and its not coming back. It's gone.
The stress of working and researching over the past couple months has reached its peak and the decision has been made. I won't be renewing in January.


Lisa,
Thank you for all of your hard work. It is frustating and disappointing that we have lost our "edge".
Ever since I cut my teeth in the early '70's, at Waterford Park (now Mountaineer), I have been hooked.
Followed Dr. Roman since I first heard of dosage
Sorry it came to this as I will miss the site greatly, but good luck and good health in the future. Keep in touch
Four consecutive works in June at Saratoga for Thunderously. Now there's something to look forward to.
Thank you so much Lisa for all of the hard work and for making me take the mare side into significant consideration. I was thrilled to find your site several years ago now while checking for Dr Romans old site as I have been pretty much a lifelong follower of his. I continue to believe that dosage - old and new - can assist in narrowing selections down especially at classic distances. It has never been perfect. Please let me know if you start something new overseas or otherwise as Iwould love to follow. Otherwise enjoy your well deserved time away. I will miss your insight.
Lisa, I can't thank you enough for all of the knowledge you have given me. I think you should still look into the horses without the new chefs. I'm starting to look to the other side of the pond as well to bet. I'm tired of seeing 5 horse field at most tracks if in New York. I know Saratoga is different along with Del Mar but day to day I just can't bet American racing anymore. I hope we will continue to talk horse racing though email. 6 months to go but things can change. Have a great 4th of July.
I just found your site this year, and became an instant fan. I followed dosage since the 80s, and always believed in its significance. Just thinking out loud, if the old dosage chefs gave a significant edge, why not continue to handicap by disregarding the new chefs, this would assume you (or followers of this site) can locate the a dosage program or application that has not been updated with Mr. Roman's newly minted chefs. For what it is worth, thank you for sring your knowledge and expertise !