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.
The long-standing reciprocity among studbooks of various countries was broken in 1913 by the Jersey Act passed by the English Jockey Club, which disqualified many Thoroughbred horses bred outside England or Ireland. The purpose of the act was ostensibly to protect the British Thoroughbred from infusions of North American (mainly U.S.) sprinting blood. After a rash of victories in prestigious English races by French horses with “tainted” American ancestry in the 1940s, the Jersey Act was rescinded in 1949.
The earliest American racecourses were typically straight quarter-mile sprints. For these short distances, American jockeys developed a style of riding involving a short stirrup and a crouching posture—this “American seat” eventually became standard worldwide for all distances. As longer, elliptical racetracks were built in New York and throughout the South, a greater onus was placed on jockeys to pace their horses. Because Thoroughbred horses are capable of running only about a quarter of a mile at top speed, determining what pace to set and when to unleash this burst of speed is crucial to winning. The American jockey Isaac Murphy was famous in the 1880s and ’90s for his “grandstand finishes.”
Throughout 1997 a shadow loomed over Hong Kong. After 156 years of colonial rule, the British were set to hand the territory back to China on July 1. There were news reports of Chinese troops massed at the border, and many islanders feared it would be the end of Hong Kong’s freewheeling capitalism. China tried to reassure residents that their most treasured customs would be protected. “Horse racing will continue, and the dancing parties will go on,” said Deng Xiaoping, the former Communist Party leader.
The robo-bettors’ numbers have continued to proliferate. After Woods’s death, his children maintained his Hong Kong operation, but other members of the team went into business for themselves. And Benter spread the secrets of his success in various ways: He gave math talks at universities, shared his theories with employees and consultants, and even published an academic paper laying out his system. The 1995 document—“Computer-Based Horse Race Handicapping and Wagering Systems: A Report”—became a manual for an entire generation of high-tech gamblers.
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Benter grew up in a Pittsburgh idyll called Pleasant Hills. He was a diligent student and an Eagle Scout, and he began to study physics in college. His parents had always given him freedom—on vacations, he’d hitchhiked across Europe to Egypt and driven through Russia—and in 1979, at age 22, he put their faith to the test. He left school, boarded a Greyhound bus, and went to play cards in Las Vegas.
Benter’s model required his undivided attention. It monitored only about 20 inputs—just a fraction of the infinite factors that influence a horse’s performance, from wind speed to what it ate for breakfast. In pursuit of mathematical perfection, he became convinced that horses raced differently according to temperature, and when he learned that British meteorologists kept an archive of Hong Kong weather data in southwest England, he traveled there by plane and rail. A bemused archivist led him to a dusty library basement, where Benter copied years of figures into his notebook. When he got back to Hong Kong, he entered the data into his computers—and found it had no effect whatsoever on race outcomes. Such was the scientific process.
Having interviewed key people from inside the industry it is clear that thinking in part like a bookie and not a punter is a key to success. Bookies know how punters think and the betting industry encourages and entices the behaviours that will leave most people parting with their hard earned cash. Being aware of and avoiding the traps and temptations presented to you including fun bets and online casinos and utilising all of the resources you can to give yourself a competitive advantage is the goal ? to create the conditions and opportunities for success.
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It does not come more perfect than 60-year-old fertilizer salesman Fred Craggs from Yorkshire, UK who won £1 million from a small 50p bet. Craggs placed an 8-fold accumulator with William Hill and his selections came from horse race meets scheduled across the globe. Bizarrely, Craggs was not even aware he had become a millionaire until he visited the same bookmaker to place another bet.
The short answer here is that bookies making money has nothing at all to do with your betting. It is almost unheard of for a single customer to be allowed to place enough bets to sink a single book all on his own. High rollers in sports betting get special privileges in terms of their maximum bet size, but these privileges often change with the bettor’s luck—maximums get raised after the bettor sees big losses and decreased (sharply) when the bettor starts to get lucky.
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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.
Solid VIP rewards are a must. The welcome bonus is nice. At the end of the day, if you’re picking a website for the long haul, you want an online casino which offers solid VIP rewards on an ongoing basis. Most sites have a silver rewards, gold rewards, and platinum rewards level. Make a realistic evaluation of your level of play, then see whether that VIP tier is advantageous to you.
Many tipster sites only offer predictions on the most traditional markets, like Match Winner. But our tipsters post predictions on a much more diverse range of bets on all the sports currently available. As we’ve seen, there can be a great deal more value offered on less common betting markets. Our tipsters aim to provide you with value tips that can increase your profit margins.
Woods was used to being the senior partner in gambling teams and getting his way. He never lost his temper, but his mind, once set, was like granite. Benter was also unwilling to budge. Their alliance was over. In a fit of pique, Benter wrote a line of code into the software that would stop it from functioning after a given date—a digital time bomb—even though he knew it would be trivial for Woods to find and fix it later. Woods would keep betting algorithmically on horses, Benter was sure of that. He resolved that he would, too.
There are different football betting tip strategies with combination bets. There is one betting strategy to combine very low betting odds, but to keep the number high, in order to make good profit due to the multiplication of odds. Regarding football combination bets we rather recommend to choose a variation that will occur with high probability. Let's take the example of Borussia Dortmund versus FC Augsburg. The odds for BVB may be 1.50 and so is a pretty safe bet. As second combination bet you best choose a tip with respectable odds, but where the result is also pretty realistic like the match FC Schalke 04 against Hannover 96 for example. You can find such tips here in our betting tips today section. The odds for Schalke may be 1.85 and therefore still likely, but not as safe as the first tip. The combination of These two football betting tips makes odds of 2.78 which is significantly more attractive than a single bet on FC Schalke.
Our ELO Football Ratings are a big part of how we select teams, and they are unique to Punters Lounge to the envy of many websites who have failed to replicate them. They are unique in that they identify teams that have perhaps not got the results they deserve, yet are still playing well and well worth following and usually at bigger odds than they should be!
Bookies look at the weight of their books all the time and adjust odds and other factors to make sure their books balance. Though it isn’t possible to completely balance a book, bookies that go too far out on one side run the risk of losing money, and losing money in gambling is the fastest way to find yourself in another industry. All of these factors are why bookies generally root for the underdog—too many favorites winning in a sport with a short season (such as the NFL) can cause a bookmaker to lose money, while a bunch of upsets (like you generally see in college football) is a guaranteed profit for the bookmaker.
Benter and his teammates got a house in the Vegas suburbs, living like geeky college fraternity brothers. Woods strictly forbade drinking on the job, so the men would wait until after their shifts to knock back beers and trade stories of scrapes with casino security, who were constantly on the lookout for card counting. Bull-necked pit bosses patrolled the floors. A suspicious player would be told to leave or, worse, backroomed: interrogated in a dingy office. There were rumors of counters being beaten and drugged. Benter thought the treatment was unjustified. He wasn’t a cheat. He just played smart.
For example, when two teams play a game of soccer, the bookmakers set odds of each team recording a win, loss, or draw. Sometimes large numbers of people can bet on a particular outcome for reasons that are unrelated to the odds—that team might be more popular than expected, for example. In that case, the bookmaker is set for a large payout if that outcome occurs.
Benter continued to operate his in-person betting scheme through the turn of the millennium, with his model expanding to track more than 120 factors per horse, but the logistics were proving a grind. He felt disconnected from his gambler friends in Wan Chai—a nocturnal clique of geeks and rogues. He had started mixing with a more professional crowd, adopting their dress code of smart suits and ties, and he’d taken a more active role in the local Rotary Club chapter. Benter embraced its motto of “Service Above Self,” giving millions of dollars anonymously and visiting impoverished schools in China and refugee camps in Pakistan. For the first time, he thought seriously about quitting and moving back to the U.S. If it all has to end, he thought, I’ve had an incredible run.
Of course, that’s not the complete list of payment systems. You can also make your online casino deposit via the bank wire, check, Entropay and EcoPayz systems and even with the help of Bitcoins and other cryptocurrencies. All the accepted payment options are usually listed on the casino website so don’t forget to make sure you can withdraw your money before making a deposit.
In 1929, the charge for admission to the Public Enclosure is $1 per day for all while soldiers and sailors can enjoy half price. In the other hand, members are required to show their badges to obtain admission to the Members’ Enclosure. And also the charge for admission to the Members’ Enclosure is $2 per day. By comparing the lowest wage in 1929, we observe that the lowest wage is around $12 ( $0.4 per day) which has a large distance for the requirement enclosure. Therefore, we can observe that the race meetings are mainly opened for upper class mostly while grass-root has a lower chance to touch horse racing activity.
Your first bet must be on an evens bet or greater; any bet type will qualify so long as it’s a total stake of at least £10. Your bet must be one single £10 bet and cannot be split down into several smaller bets. You will also need to confirm your participation by responding to a text and you must settle your bet within 60 days and it must be validated within 60 days of the bet being settled.
Horse racing in India is over 200 years old, making India quite possibly the oldest racing jurisdiction in Asia where racing was conducted under rules. India's first racecourse was set up in Madras in 1777. Today India has a very well established racing and breeding industry, and the sport is conducted on nine racetracks by seven racing authorities.
Prop Betting Strategy – Prop bets are generally considered the easiest wagering opportunity for sports bettors to beat. In our article on prop betting strategy I give a full break down of the prop bet “which team will score first”. After reading that article you’ll have enough information to start finding +EV bets on this specific prop. In time, as you get experience you’ll be able to solve other prop bet on your own and then beat them using as similar method to the one I show in the example.
Interviews with Woods’s friends, employees, and other sources indicate he had amassed a fortune of A$900 million (then about $800 million). Mike Smith, a former Hong Kong policeman who knew Woods, wrote about him in his book In the Shadow of the Noonday Gun: “He left a very simple will that pretty much summed up his lifestyle. Assets: A$939,172,372.51. Liabilities: A$15.93.”
A breakthrough came when Benter hit on the idea of incorporating a data set hiding in plain sight: the Jockey Club’s publicly available betting odds. Building his own set of odds from scratch had been profitable, but he found that using the public odds as a starting point and refining them with his proprietary algorithm was dramatically more profitable. He considered the move his single most important innovation, and in the 1990-91 season, he said, he won about $3 million.
28 September 1996 was an infamous day at Ascot racecourse in England. Franki Dettori was a popular jockey and a favorite with many punters, although one person who didn’t agree about his chances that day was Dettori himself. Interviewed before the first of his seven races, Dettori said that it was possible he could maybe win two of them. Many punters bet on Dettori anyway, including Darren Yates who put down £67.58 and decided to combine all seven of his races into a single bet that Dettori would win them all. Yates was a struggling businessman with a small carpentry business so needed a change of fortune. After place the bet, Dettori went off to play football with his friends and lost the game 4–0. Thinking it wasn’t his day, he then went to check on Dettori’s races and discovered that Dettori had won all seven. There were many winners that day at Ascot but no one earned more than Yates who picked up £550,823.
One of the latest major horse track opened in the United States was the Meadowlands Racetrack, opened in 1977 for Thoroughbred racing. It is the home of the Meadowlands Cup. Other more recently opened tracks include Remington Park, Oklahoma City, opened in 1988, and Lone Star Park in the Dallas–Fort Worth Metroplex, opened in 1997; the latter track hosted the prestigious Breeders' Cup series of races in 2004.