For a heavily favored team, say the Boston Red Sox putting their best pitcher against a weak opponent with a poor pitcher, that could involve putting up $350 of you own money to win just $100, a wager that would be listed in sports books as minus-350. Big underdogs pay off well, but only if that team wins the game. A bet on a team with a money line of plus-410 would give you a $410 profit on a $100 bet.
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At Happy Valley’s ground level, young women in beer tents passed foamy pitchers to laughing expats, while the local Chinese, for whom gambling is a more serious affair, clutched racing newspapers and leaned over the handrails. At the crack of the starter’s pistol, the announcer’s voice rang out over loudspeakers: “Last leg of the Triple Trio,” he shouted in Australian-accented English, “and away they go!”
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For a heavily favored team, say the Boston Red Sox putting their best pitcher against a weak opponent with a poor pitcher, that could involve putting up $350 of you own money to win just $100, a wager that would be listed in sports books as minus-350. Big underdogs pay off well, but only if that team wins the game. A bet on a team with a money line of plus-410 would give you a $410 profit on a $100 bet.
In France the first documented horse race was held in 1651 as the result of a wager between two noblemen. During the reign of Louis XIV (1643–1715), racing based on gambling was prevalent. Louis XVI (reigned 1774–93) organized a jockey club and established rules of racing by royal decree that included requiring certificates of origin for horses and imposing extra weight on foreign horses.
Historically, equestrians honed their skills through games and races. Equestrian sports provided entertainment for crowds and displayed the excellent horsemanship needed in battle. Horse racing of all types evolved from impromptu competitions between riders or drivers. The various forms of competition, requiring demanding and specialized skills from both horse and rider, resulted in the systematic development of specialized breeds and equipment for each sport. The popularity of equestrian sports through the centuries has resulted in the preservation of skills that would otherwise have disappeared after horses stopped being used in combat.[8]
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