I want to make a bet, so... Okay, sure, I don't want to stop. Well, who are you going to bet on? Right here? Yeah. My bet one. You bet the one the favorite, huh? We are at the Gulfstream Racetrack in Miami, Florida, and by racetrack, I mean horse racing. And you're listening to a guy named Scotty McKeever chat with people who've come to do what you do at a racetrack.

Place bets. Was there something in particular you liked about that one? Yes. He was wagging his tail. I don't know the wind. I must think it's a word. Well, you have a form in your hand, but you're just looking at wagging its tail? She says, yeah, she wants to run. Scotty is talking to some regulars, and he's asking them how long it takes them to handicap horses.

That basically means calculating different horses' chances at winning.

What about you? How do you handicap?

Handicab, jockey and trainer.

Combined.

Combined. You know.

Good trainer, good jockey.

Gotcha.

Traditionally, people place bets by combing through the horse's histories and looking for patterns.

You can also do it like this guy by looking at a horse and choosing the one that waved its tail

or maybe picking a jersey color you like.

But Scotty has a different way. He's made an app, and it uses

AI and algorithms to place the bets. I don't have six to eight hours to handicap one track.

None of us do. And if you look at this generation, here's the thing more important, forget about me,

forget about all the people that have been handicapped for 30 years.

What about this new generation?

How are we going to draw them in?

I was given these recordings by my colleague, Oliver Rader.

He's a data journalist,

and he recently went down to Florida to spend a weekend with Scotty

to write this magazine cover story about horse bedding.

...