Hong Kong racing uses a parimutuel (also known as “totalizer”) system. Unlike odds in a Vegas sportsbook, which are set in advance and give a decisive edge to the house, parimutuel odds are updated fluidly, in proportion to how bettors wager. Winners split the pool, and the house skims a commission of about 17 percent. (After costs, the Jockey Club’s take goes to charity and the state, providing as much as a tenth of Hong Kong’s tax revenue.) To make money, Benter would have to do more than pick winners: He needed to make bets with a profit margin greater than the club’s 17 percent cut.
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Now let’s say I’m tired of flipping coins, and want to quit, but while begging me to stay you offer me a better deal. This new deal pays me $1.10 for every heads, and I still pay you $1.00 for every tails. What happens now is half the time I win $1.10 and half the time I lose $1.00. If we flip 100 times I should average 50 wins of $1.10 ($55) and 50 losses of $1 ($50). Every flip of the coin I have a positive expectation (+EV) of 5 cents. As the one offering me this proposition you have the opposite, every flip of the coin is 5 cents –EV for you.
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November 2011 will remain one etched in the darkest reaches of the memories of UK bookmakers. It was a month when one weekend saw the vast number of favorites win their game leaving the bookies licking their wounds. The biggest payout was suffered by William Hill. A better living in a tiny village on the island of Malta placed an audacious 19-team accumulator. It was only an 80p bet. The better will forever be indebted to former Liverpool full back Glen Johnson who bagged a winning goal 3 minutes from time to seal a win for the Reds against Chelsea and deliver the six-figure win for the lucky bet placer.
Risen Star Stakes (G2) Day at the Fair Grounds - Saturday, favorite War of Will cruised home by 2 1/4 lengths to win the Risen Star Stakes (G2) at the Fair Grounds over Country House and Roiland. Also on the card, Serengeti Empress won the Rachel Alexandra Stakes (G2), Silver Dust won the Mineshaft Handicap (G3), Synchrony won the Fair Grounds Handicap (G3), Mitchell Road won the Albert M. Stall Memorial Stakes, and Chaos Theory won the Colonel Power Stakes. Get the results, charts, and photos here. New!
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The Grand National is the most prominent race in British culture, watched by many people who do not normally watch or bet on horse racing at other times of the year. Many of the sport's greatest jockeys, most notably Sir Gordon Richards, have been British. The sport is regulated by the British Horseracing Authority. The BHA's authority does not extend to Northern Ireland; racing in Ireland is governed on an All-Ireland basis.
Probably the most important aspect of winning at sports betting is knowing what to avoid. There is a myriad of things to avoid when betting sports. For example, try to avoid paying -110 when -105 is easily available somewhere else. Don’t bet more than normal because you’re stuck for the day/week/month/year. Don’t bet more because the game is on TV. Take any picks with a grain of salt. Most picks, especially picks that are given away, are worth their weight in gold, so 0. Occasionally you’ll find someone worth following, but chances are they are just trying to sucker you in to purchase future “locks” with the promise of a free half-season if they happen to lose.
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Arabians must be able to withstand traveling long distances at a moderate pace. They have an abundance of type I muscle fibers, enabling their muscles to work for extended periods of time. Also, the muscles of the Arabian are not nearly as massive as those of the Quarter Horse, which allow it to travel longer distances at quicker speeds. The Arabian is primarily used today in endurance racing, but is also raced over traditional race tracks in many countries.