You plan on betting on 160 games during your investment period. You dream of a 55% winning record because your win-loss with a 55% winning record would give you an 88-72 record. That’s an expected profit of +8.8 units. How did we get to that number? To calculate your units, subtract the total of your losses (multiplied by 1.1 to include the vig) from your wins and you’ll get your unit profit.
One major type of Thoroughbred horse race is the handicap race, in which the weights horses must carry during a race are adjusted in relation to their age (the more immature the horse, the less weight it carries). In this system, a two-year-old, the youngest racer, competes with less weight to carry than a horse that is three years or older. In general, a horse is reckoned as being fully aged at five years and is handicapped accordingly. There are also sex allowances for fillies, so that they carry slightly lower weights than males. Weight penalties or allowances are also provided on the basis of individual horses’ past performance. Such handicaps may be set centrally where racing is so controlled or by individual tracks, the goal being to render all horses as nearly equal as possible by establishing what is called racing form. The handicap race thus represents an outright repudiation of the classic concept that the best horse should win. Instead, handicaps are assigned with the specific objective of giving all the horses in a race an equal chance of winning.
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.
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.
I am a huge fan of Audible. I want him to excel. But Audible finished 12 lengths behind City of Light in the Pegasus World Cup. Take him back to where he last excelled - at 7 furlongs and build from there. Imperial Hint is pointing to the Golden Shaheen in Dubai and McKinzie likely points to the Big Cap - so this would be a nice race for Audible to run in and pick up another G1 win. Then he can take on a tougher field in the Met Mile and build from there like Frosted and Honor Code did.
Historically, equestrians honed their skills through games and races. Equestrian sports provided entertainment for crowds and displayed the excellent horsemanship needed in battle. Horse racing of all types evolved from impromptu competitions between riders or drivers. The various forms of competition, requiring demanding and specialized skills from both horse and rider, resulted in the systematic development of specialized breeds and equipment for each sport. The popularity of equestrian sports through the centuries has resulted in the preservation of skills that would otherwise have disappeared after horses stopped being used in combat.