So, at the end of the day, what could you call a “good” record for a sports bettor? Most casual gamblers looking into sports betting see a pro advertising his 1100-900 record and shake their head a little. How could such an abysmal record be something to be proud of? That’s a 55% winning percentage, and it indicates to those in the know that this bettor is actually turning a profit placing bets on sports.
The easiest way to demonstrate the math behind a sports bet is to make up an example. Let’s say you and your buddy walk into a casino, each with $200 burning a hole in your pocket. There’s a big game on tonight, the Cowboys and the Redskins, so you wander into the sportsbook to check up on the latest news about the game. While you’re sitting there, you see the wagering board, with some funny numbers on it. It looks like this:
The odds are often skewed by passionate fans who’ll bet on their team no matter what. Sometimes, it pays off for them though. In 2011, one anonymous baseball fan bet $250 that the St. Louis Cardinals would make the World Series at odds of 500. This person then bet another $125 that they would win the World Series at 999 in odds. The Cardinals hardly looked impressive at the time of the bet, but soon started winning games at a surprisingly consistent rate. They ended the year as the most unlikely World Series champions and the fan picked up $375,000 in return for his faith.
France has a major horse racing industry. It is home to the famous Prix de l'Arc de Triomphe held at Longchamp Racecourse, the richest race in Europe and the second richest turf race in the world after the Japan Cup, with a prize of 4 million Euros (approximately US$5.2 million). Other major races include the Grand Prix de Paris, the Prix du Jockey Club (the French Derby) and the Prix de Diane. Besides Longchamp, France's other premier flat racecourses include Chantilly and Deauville. There is also a smaller but nevertheless important jumps racing sector, with Auteil Racecourse being the most well known. The sport's governing body is France Galop.
Horse racing has a long and distinguished history and has been practised in civilisations across the world since ancient times. Archaeological records indicate that horse racing occurred in Ancient Greece, Babylon, Syria, and Egypt. It also plays an important part of myth and legend, such as the contest between the steeds of the god Odin and the giant Hrungnir in Norse mythology.