George E. Smith

Who was George E. Smith?

George Elsworth Smith was an American gambler and Thoroughbred horse racing enthusiast who became a multi-millionaire during the late nineteenth and early twentieth century. Smith was given the nickname "Pittsburgh Phil" in 1885 by Chicago gambler William "Silver Bill" Riley to differentiate him from the other Smiths that also frequented Riley's pool halls. Pittsburgh Phil is considered by many handicappers to have been an expert strategist, winning large sums of money at a time when racing statistic publications, such as The Daily Racing Form, were not widely available. At the time of his death from tuberculosis in 1905, he had amassed a fortune worth $3,250,000, which is comparable to $US 85,306,481 today. His racing Maxims, published posthumously in 1908, are considered to be the foundations of many modern handicapping strategies and formulas.