"La Paciencia es una ciencia"
(Patience is a science, Inocente Montes de Oca).
Indeed, a common virtue to all winning horse players is the ability to wait for the right opportunities to cash well paid wagers. Trainers are no different, thoroughbred horse racing is a business in which horsemen are paid a percentage of the purse moneys which their horses earn; but many have been known to garner a healthy sum, cashing a winning wager on a fit, sharp race horse that was finally ready to win.
Since horses have different strengths and weaknesses, in order to achieve the ultimate goal, that is, to take down 60% of available purse monies; in training and racing thoroughbreds, conditioners employ varied methods and procedures.
Thus an authentic thoroughbred horse race handicapping angle will be closely tied to a trainers methods and more importantly timing. At times, a horses performances leading up to a winning effort can reveal the handicapping angle; sometimes a trainer's procedure will be designed to increase the future odds of a fit and sharp race horse.
As referred to in the context of Entelechy (The Unknown Handicapping Factors), or in more sepecific handicapping terms, Potential Existence as a means of quantifying a thoroughbred horse race handicapping angle.
Whereupon evaluation of the Class, Breeding, Speed, Pace and Current Form of an entry in relation to the surface, distance, impost and level of competition (visible information in the past performances); the angle suggests a specific "unknown" advantage and is therefore quantified as a boost in Win Probability or True Class Today.
Therefore, since most legitimate handicapping angles will be based on knowledge of thoroughbred race horse training methods, as well as on a given conditioner's specific habbits, procedures and record of performance; at times they can be used effectively to reveal fit, sharp, well meant horses which may be displaying poor form or dull running lines in their recent past performances by design.
So engineered, not necessarily to decieve or defraud, but rather, as a matter of the natural unfolding course of the particular training and racing regimen; which the trainer is in the process of implementing, based upon the individual strengths, weaknesses and preferences of the specific race horse in question.
"There is enough natural inconsistency in horse racing without having it forced upon the public by unscrupulous men, yet there is not one-tenth of one per cent, as much crookedness on the turf as it is given credit for. The less one thinks of crookedness and trickery in racing the more successful will be his handicapping. Look for defect in your own calculating rather than cheating of others. Learn to finance your money to advantage. Know when to put a good bet down and when not to."
The Racing Maxims and Methods of Pittsburgh Phil, by George E. Smith: