Between races, Benter struggled to make his algorithms stay ahead of a statistical phenomenon called gambler’s ruin. It holds that if a player with limited funds keeps betting against an opponent with unlimited funds (that is, a casino, or the betting population of Hong Kong), he will eventually go broke, even if the game is fair. All lucky streaks come to an end, and losing runs are fatal.
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Some handicap races are major sporting events. For instance, the Melbourne Cup, a handicap inaugurated in 1861, is the most important race of the Southern Hemisphere. In the United States the Metropolitan, Brooklyn, and Suburban handicaps—all dating to the 19th century—were once the most valuable American events and remain reasonably comparable to the classics. The Santa Anita Handicap, first run in 1935, pioneered among such races with $100,000 or more purse value.
One approach—familiar to Benter from his blackjack days—was to adapt the work of a gunslinging Texas physicist named John Kelly Jr., who’d studied the problem in the 1950s. Kelly imagined a scenario in which a horse-racing gambler has an edge: a “private wire” of fairly reliable tips. How should he bet? Wager too little, and the advantage is squandered. Too much, and ruin beckons. (Remember, the tips are good but not perfect.) Kelly’s solution was to wager an amount in line with the gambler’s confidence in the tip.
One approach—familiar to Benter from his blackjack days—was to adapt the work of a gunslinging Texas physicist named John Kelly Jr., who’d studied the problem in the 1950s. Kelly imagined a scenario in which a horse-racing gambler has an edge: a “private wire” of fairly reliable tips. How should he bet? Wager too little, and the advantage is squandered. Too much, and ruin beckons. (Remember, the tips are good but not perfect.) Kelly’s solution was to wager an amount in line with the gambler’s confidence in the tip.
The most famous horse from Canada is generally considered to be Northern Dancer, who after winning the Kentucky Derby, Preakness and Queen's Plate in 1964 went on to become the most successful Thoroughbred sire of the twentieth century; his two-minute-flat Derby was the fastest on record until Secretariat in 1973. The only challenger to his title of greatest Canadian horse would be his son Nijinsky II, who is the last horse to win the English Triple Crown. Woodbine Racetrack (1956) in Toronto is home of the Queen's Plate (1860), Canada's premier Thoroughbred stakes race, and the North America Cup (1984), Canada's premier Standardbred stakes race. It is the only race track in North America which stages Thoroughbred and Standardbred (harness) meetings on the same day. The Canadian International and Woodbine Mile (1981) are Canada's most important Grade I races worth C$1,000,000 each, and have been won by many renowned horses such as Secretariat and Wise Dan respectively. Other key races include Woodbine Oaks (1956), Prince of Wales Stakes (1929), Breeders' Stakes (1889) and Canadian Derby (1930).

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But we, as sports fans, know that the mathematics of a sporting event is much more complex. Sports bettors deeply involved in their hobby will subscribe to weather bulletins from major cities that take part in their sport, making huge wagering decisions based on a few mph of wind in one direction or another. Then there’s the unknown—does a player get hurt in the first quarter? Does weather become a factor? Is a particular player “in the zone?”
The reasons most sports bettors don’t spend time learning the tricks of advantage players is it’s slightly time consuming, most have no leads how to do it, are overwhelmed or when they do learn it’s not actually fun. If you’re looking for something fun we suggest paint balling, a trip to the amusement park, circus or what have you. If you’re looking to actually make money then you’ll need to know how to find +EV bets.

Bookies don’t offer even money like friends in a casual betting situation. In the above example, with two evenly matched boxers, a smart bookie will offer 5/6 odds for each. That way, a $10 winning bet would only return $8.30 plus your stake. What does this do for the bookmaker? He can float an equal amount of money on both fighters, winning no matter which fighter actually wins. If they take $1,000 worth of bets on one boxer and $1,000 on the other, the bookie would take in $1,000 but only have to pay out $830, for a guaranteed $170 profit regardless of the outcome.


Betting on sports games is a hobby for many, and most people just consider it to be a fun and friendly past time. But there are ways to consistently make money on sports betting, and the tricks are understanding betting strategy and the different types of bets you can make, understanding the odds, making smart bets, and walking away from bad bets. It’s also important to remember that making money on sports betting is something that requires time and dedication: it’s not about making a single huge bet and winning lots of money in one shot. Instead, it’s all about making a series of small, smart bets that add up over the season to an overall gain.

Next up are the opening times. Online casinos are open around the clock, including weekends and bank holidays. Whenever the urge takes you, you can play your favourite games instantly, from the comfort of your own home. The customer service is generally always available too, with many online casinos providing live chat and phone support 24/7. As for the payout rates, you undoubtedly get a better deal playing online. As the operating costs are considerably lower for online casinos, these savings are passed on to players through higher payouts. RTP’s for classic games such as roulette and blackjack do not differ greatly, as they are determined by the rules of the game, but slots offer a much higher return when playing online.


In Malaysia, horse racing was introduced during the British colonial era and remains to the present day as a gambling activity. There are three race courses in Malaysia, namely Penang Turf Club, Perak Turf Club and Selangor Turf Club. Within and only within the turf clubs, betting on horse racing is a legal form of gambling. Racing in Malaysia and Singapore is conducted and governed under the Rules of the Malayan Racing Association and betting in Malaysia is operated and organized by Pan Malaysian Pools Sdn Bhd.
It is important to review what kinds of payment methods the casino accepts when making deposits. We will list all major credit cards that are accepted at the online casinos in our reviews. As well as any other forms of payments, like bank and wire transfers, various e-wallets, and Bitcoins, to name a few. In most cases, deposits will be immediately available in a players account. Additionally, look out for any additional fees that may be charged for making a withdraw. Most casinos have a minimum and maximum amount depositing amount per payment type.
2018 Cigar Mile Day Results - Saturday at Aqueduct, Patternrecognition held off True Timber to win the Cigar Mile (G1) by 3/4 length while favorite Mendelssohn finished 4th. Also on the card, Marley's Freedom won the Go For Wand Handicap (G3), Maximus Mischief won the Remsen (G2), and Positive Spirit won the Demoiselle (G2). Get the results, charts, and photos here.
Woods left the bulk of his estate to his two children in Australia and gave token sums to various ex-girlfriends, including a Filipina who said he’d fathered her child. A wake was held in a bar at the Happy Valley racetrack and attended by an eclectic crowd of gamblers and hustlers. To the last, Woods never believed that Benter had won the 2001 Triple Trio and given up the jackpot.
One of the most important factors in achieving and sustaining success in betting is understanding and accepting that you are responsible for your results. The results that you get in your betting are created by you. It is easy to find some other cause for your poor performance; to create stories that shift the focus away from yourself and onto external factors ? to blame and complain ? but in doing this you take yourself out of the learning and development loop. Ask yourself ?How did I create that??
Professional sports bettors have to worry about variance more than any other type of gambler. Working against the forces of variance means managing your bankroll over the course of the season to avoid the negative possibilities that could totally empty your wagering account. Professional sports bettors have the time and resources necessary to calculate these variances, and there are even a few pieces of software out there that can help you figure out your ideal bet in the face of negative variance. But the bottom line is that professional sports bettors would dream of having a 55% winning record, simply because it guarantees you’re beating the house.
By the mid-18th century the demand for more public racing had produced open events with larger fields of runners. Eligibility rules were developed based on the age, sex, birthplace, and previous performance of horses and the qualifications of riders. Races were created in which owners were the riders (gentlemen riders), in which the field was restricted geographically to a township or county, and in which only horses that had not won more than a certain amount were entered. An act of the British Parliament of 1740 provided that horses entered had to be the bona fide property of the owners, thus preventing “ringers,” a superior horse entered fraudulently against inferior horses; horses had to be certified as to age; and there were penalties for rough riding.

Your mindset is simply a way of thinking that determines your behaviour, your outlook and your mental attitude. For any given set of betting events ? wins, losses, setbacks, and mistakes ? the differentiating factor in how different people respond to them and accordingly the results that they get will be in their mindsets. Your mindset is the middleman between the events that happen to you and your reactions to those events ? it is the processor that determines how what goes in, comes out. Your mindset can help you to be successful in your sports betting or it can be the barrier to your success.
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The Arabian horse was developed by the Bedouin people of the Middle East specifically for stamina over long distances, so they could outrun their enemies. It was not until 1725 that the Arabian was introduced into the United States.[21] Arabians appeared in the United States in colonial times, though were not bred as purebreds until about the time of the Civil War. Until the formation of the Arabian Horse Registry of America in 1908, Arabians were recorded with the Jockey Club in a separate subsection from Thoroughbreds.
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