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Its Derby Week

Don't have a clue about the field for Saturday's Kentucky Derby? Consider these observations from Jennie Rees, of Louisville's Courier-Journal. Here is a list of the horses, ranked by earnings in graded stakes races.

Maury Wolff is an economist who is also a professional handicapper. Mr. Wolff now makes his bets through rebate shops - a controversial innovation in the industry - and understands price elasticity of demand. Unfortunately, despite 25 years of conversations with racetrack operators, he's never been able to convince them that their price (i.e. betting takeout) is too high. Perhaps the reality of competition from rebate shops will prove more successful than Mr. Wolff's economic arguments.

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