The problem with the concept of " early money " these days is absolutely pool size. Even ten years ago the first flash in NY was around $40K. Now it is often $20K and even lower in the winter. Relatively meaningless action skews the pools much more early. For instance, horses with people's names. In NY, less than 25% of the final pool is in with under 10 minutes to go because the simulcast money all comes in late. So, while perhaps there is something to be said for " early money ", it's mitigated by the changes in the tote and spread of simulcasting.
One thing to look for in NY are the sometimes crazy low exacta prices you will see sometimes, a couple times a day usually, in the early betting. This is specifically because of one bettor, a sheet player I believe, who makes $5K or more boxes right at the beginning of betting.
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