Very well explained Caan. Although i feel in the wrong run only value betting in sync with exchange trading can survive. I don’t know anything about horse racing so maybe there price mistakes happen if you are a pro to exploit it, but not in tennis and cricket. Earlier that used to be but now the market has streamlined so much with oddds seldom do you find any great disparity.
Benter’s Las Vegas friends wouldn’t stake him at horse racing, but they would at blackjack. He took their money to Atlantic City and spent two years managing a team of card counters, brooding, and working on the racing model in his spare time. In September 1988, having amassed a few hundred thousand dollars, he returned to Hong Kong. Sure enough, Woods was still there. The Australian had hired programmers and mathematicians to develop Benter’s code and was making money. He’d moved into a penthouse flat with a spectacular view. Benter refused to speak to him.
Benter had achieved something without known precedent: a kind of horse-racing hedge fund, and a quantitative one at that, using probabilistic modeling to beat the market and deliver returns to investors. Probably the only other one of its kind was Woods’s operation, and Benter had written its code base. Their returns kept growing. Woods made $10 million in the 1994-95 season and bought a Rolls-Royce that he never drove. Benter purchased a stake in a French vineyard. It was impossible to keep their success secret, and they both attracted employees and hangers-on, some of whom switched back and forth between the Benter and Woods teams. One was Bob Moore, a manic New Zealander whose passions were cocaine and video analysis. He’d watch footage of past races to identify horses that should have won but were bumped or blocked and prevented from doing so. It worked as a kind of bad-luck adjuster and made the algorithms more effective.
Avoid betting on your hometown team if it becomes a big deal if you lose. What I mean is that it’s fine to bet on your hometown team, but not if a loss will cause you to automatically bet bigger and bigger on later games that day. Some fans become so emotionally invested that it is best to just watch the game and avoid making a bet. Another solid reason to avoid this is because most local bookies (online and on the streets) will bump the lines to account for heavy action on the hometown team, giving you a worse value.
Individual flat races are run over distances ranging from 440 yards (400 m) up to two and a half miles (4 km), with distances between five and twelve furlongs being most common. Short races are generally referred to as "sprints", while longer races are known as "routes" in the United States or "staying races" in Europe. Although fast acceleration ("a turn of foot") is usually required to win either type of race, in general sprints are seen as a test of speed, while long distance races are seen as a test of stamina. The most prestigious flat races in the world, such as the Prix de l'Arc de Triomphe, Melbourne Cup, Japan Cup, Epsom Derby, Kentucky Derby and Dubai World Cup, are run over distances in the middle of this range and are seen as tests of both speed and stamina to some extent.
The Jockey Club of Britain, founded at Newmarket about 1750, wrote its own rules of racing. In contrast to the earlier King’s Plates rules, these new rules took into account different kinds of contests involving horses of various ages and were thus more detailed. The new rules originally applied only to Newmarket, but, when the rules were printed in the Racing Calendar, they served as a model for rules throughout Britain. The Jockey Club later acquired the General Stud Book and came to control English racing in the 19th century. Its regulatory powers ended in 2006 when governance over British racing was transferred to the Horseracing Regulatory Authority. In 2007 power shifted to a new group, the British Horseracing Authority, which formed from a merger of the Horseracing Regulatory Authority and the British Horseracing Board.
Animal rights organizations have long criticized horse racing. Activists have sought to expose horse doping, institute a ban on horse whipping by jockeys, limit the number of races a horse (especially three years old and younger) can run in a season, and eliminate dirt tracks in favour of safer synthetic surfaces. Two notable tragedies in the early 21st century helped propel calls for reform: the shattering of bones in one of Kentucky Derby champion Barbaro’s legs just seconds after the start of the Preakness Stakes in 2006 (the horse was euthanized eight months later) and the death of three horses during production of the TV series Luck (2011–12), a drama about horse racing. (The deaths and subsequent outcry among many viewers helped lead to the abrupt cancellation of the show after just one season.) Such events—augmented by the changing interests of the global sporting public—contributed to the continuing decline in the popularity of horse racing through the first decades of the 21st century.
In Australia, the most famous racehorse was Phar Lap (bred in New Zealand), who raced from 1928 to 1932. Phar Lap carried 9 st 12 lb (62.5 kg) to win the 1930 Melbourne Cup. Australian steeplechaser Crisp is remembered for his battle with Irish champion Red Rum in the 1973 Grand National. In 2003–2005 the mare Makybe Diva (bred in Great Britain) became the only racehorse to ever win the Melbourne Cup three times, let alone in consecutive years. In harness racing, Cane Smoke had 120 wins, including 34 in a single season, Paleface Adios became a household name during the 1970s, while Cardigan Bay, a pacing horse from New Zealand, enjoyed great success at the highest levels of American harness racing in the 1960s. More recently, Blacks A Fake has won four Inter Dominion Championships, making him the only horse to complete this feat in Australasia's premier harness race.
Chariot racing was one of the most popular ancient Greek, Roman and Byzantine sports. Both chariot and mounted horse racing were events in the ancient Greek Olympics by 648 BC and were important in the other Panhellenic Games. It continued although chariot racing was often dangerous to both driver and horse, which frequently suffered serious injury and even death. In the Roman Empire, chariot and mounted horse racing were major industries. From the mid-fifteenth century until 1882, spring carnival in Rome closed with a horse race. Fifteen to 20 riderless horses, originally imported from the Barbary Coast of North Africa, were set loose to run the length of the Via del Corso, a long, straight city street; their time was about 2½ minutes.