Goodwin Procter Partner Says Friends Were Flabbergasted at Paddy O’Prado Bet
Goodwin Procter partner Joe Savage says his handicapping has not improved since youthful days when he listened to people placing bets to win at the $50 horse window, then ran down to the $2 window to bet the same horse to show.
But Savage’s 5 percent buy into a “Derby Dreams” venture is showing some promise, now that one of the horses purchased by the group has earned a spot in the Kentucky Derby. Paddy O’Prado drew the No. 10 post; current odds make him the 11th betting choice out of 20 horses, the Des Moines Register reports. The Boston Globe calls the horse “a reasonable choice for handicappers looking for a long shot.”
Derby Dreams was formed by an Iowa lawyer, Jerry Crawford, who was put in touch with Savage through a mutual friend. Savage lives in Boston and is the only investor in the 11-member group who is not from Iowa.
Derby Dreams bought eight yearlings in a 2008 auction, the Des Moines Register reports in a separate story. The most expensive horse, Paddy O’Prado, cost $105,000.
Savage tells the Boston Globe his friends were stunned when they learned of his investment. “People were flabbergasted,’’ Savage told the newspaper. “People who knew me knew I was the worst handicapper out there.”
