bet on War Emblem, Funny Cide, and Smarty Jones at the Belmont all took a loss on their wagers. One angle of betting that other race handicapping books rarely touch on, but is always discussed by financial advisors, is risk management, prescribing a betting strategy corresponding to the level of risk the bettor is willing to take. With greater risk, there is a corresponding greater potential profit but with the trade-off of more money that can be lost. Ripple was the first to use a simple questionnaire to determine what level of risk the reader is comfortable with, and then the reader can implement the corresponding betting strategies. Ripple recognizes that it is not "one size fits all" and has tailored strategies to reflect this. Philanthropy and personal life Ripple was also Co-Founder of the Elizabeth K. Ripple Memorial Scholarship Fund, founded in honor of his sister, which provides scholarships for students attending Hudson Valley Community College's Respiratory Therapy Program. He died from complications of liver disease on December 17, 2010 in Arkansas. Bibliography Handicapping the Wall Street Way References External links Seven Lucky Tips for Making a Better Kentucky Derby Bet Handicapping the Wall Street Way Handicapping Sprint Races at the Track Cindy Pierson Dulay's HorseRaces.net American financial businesspeople American gambling writers American male non-fiction writers American stock traders American investors American money managers American sportswriters Horse racing writers and broadcasters Living people Year of birth missing (living people)