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The ownership of racetracks ranges from complete state control, in which case the national government may own the tracks and horses and employ trainers, jockeys, grooms, and other necessary personnel, to complete private enterprise, as in most of the United States, where tracks are privately owned and operated for profit, as are the horses, and trainers and jockeys are independent contractors. In-between conditions include government ownership of tracks and in some cases horses, which are leased, and nonprofit privately owned tracks, as in Australia and the New York Racing Association.
Look at the above example again. You and your buddy each paid $10 to the bookie to place your bet. That’s what the standard 11/10 odds in sports betting are all about. You bet the Cowboys and your buddy bet the Redskins, a total of $220 bet. The sportsbook has to pay back $210 to the winner, leaving a nice $10 profit no matter what happens on the football field. That $10 built-in profit is called the vigorish, and it’s the final monkey wrench in the gears of sports betting.
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).