Some handicap races are major sporting events. For instance, the Melbourne Cup, a handicap inaugurated in 1861, is the most important race of the Southern Hemisphere. In the United States the Metropolitan, Brooklyn, and Suburban handicaps—all dating to the 19th century—were once the most valuable American events and remain reasonably comparable to the classics. The Santa Anita Handicap, first run in 1935, pioneered among such races with $100,000 or more purse value.
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Other additions, such as the number of rest days since a horse’s last race, were more successful, and in his first year after returning to Hong Kong, Benter won (as he recalls) $600,000. The next racing season, ending in the summer of 1990, he lost a little but was still up overall. He hired an employee, Coladonato, who would stay with him for years, and a rotating cast of consultants: independent gamblers, journalists, analysts, coders, mathematicians. When the volume of bets rose, he recruited English-speaking Filipinos from the ranks of the city’s housekeepers to relay his bets to the Jockey Club’s Telebet phone lines, reading wagers at the rate of eight a minute.
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The following year the Hong Kong Jockey Club phoned Benter at an office he’d established in Happy Valley. He winced, remembering the meaty hand of the Las Vegas pit boss on his shoulder. But instead of threatening him, a Jockey Club salesperson said, “You are one of our best customers. What can we do to help you?” The club wasn’t a casino trying to root out gamblers who regularly beat the house; its incentive was to maximize betting activity so more revenue was available for Hong Kong charities and the government. Benter asked if it was possible to place his bets electronically instead of over the phone. The Jockey Club agreed to install what he called the “Big CIT”—a customer input terminal. He ran a cable from his computers directly into the machine and increased his betting.
He went to the Gambler’s Book Club, a Vegas institution, and bought everything he could find on horses. There were lots of “systems” promising incredible results, but to him they seemed flimsy, written by journalists and amateur handicappers. Few contained real math. Benter wanted something more rigorous, so he went to the library at the University of Nevada at Las Vegas, which kept a special collection on gaming. Buried in stacks of periodicals and manuscripts, he found what he was looking for—an academic paper titled “Searching for Positive Returns at the Track: A Multinomial Logit Model for Handicapping Horse Races.” Benter sat down to read it, and when he was done he read it again.
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Of course, if you win at sports betting, it is no good unless you ultimately get paid. Make sure you bet with highly respected books for the most part, but don’t be afraid to take a shot at a smaller, up and coming book. Read up online about the book and find out what others are saying. Try the live chat and see what withdrawal options they have. Maybe start off with a small deposit and then withdraw after a few weeks and see how they treat you. If you are getting endless emails and vague answers, it might be best to avoid this book. Initiating a cashout during peak times (NCAA March Madness, Super Bowl, World Cup) might be a good idea, since the books will probably be flush with cash and able to pay to keep the business going.
This part is going to take time to develop an eye for value. Going line shopping can be one of the most stressful parts of betting on sports. Searching through all the sportsbooks to find the right line is crucial to your overall success. An example is if you saw a game you liked on betonline.ag with odds -110, you are doing yourself an injustice by not looking to see if better odds are on a different sportsbook. 5Dimes offers reduced juice so if you can get that game at -105, why would you not take it? Yes, at $100 bet it’s only a 5 dollar difference but over a long period of time, this reduced juice adds up. If you are betting more than $100 a game there is some serious value in reduced juice. That’s why 5Dimes is my favorite sports book (Read my review on 5Dimes Here). The Juice (or Vig) are how the bookie makes money. If you are going to take away some of the juice, you are essentially taking away some of the bookie’s advantage. At 10% juice, your winning percentage needs to be 52.4% in order to break even. If you are reducing that 10% you are putting more profit into your pocket. The best in the business try and find positive value as much as possible. The best handicapper in the business in finding positive value is Rocky Sheridan. Rocky actually only has a winning percentage under 51% overall. You’re probably thinking “how the heck can he be one of the best handicappers in the world with a winning percentage under 52.4%. That’s because Rocky’s speciality is finding positive value in picks. Check out his stats:
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Animal rights organizations have long criticized horse racing. Activists have sought to expose horse doping, institute a ban on horse whipping by jockeys, limit the number of races a horse (especially three years old and younger) can run in a season, and eliminate dirt tracks in favour of safer synthetic surfaces. Two notable tragedies in the early 21st century helped propel calls for reform: the shattering of bones in one of Kentucky Derby champion Barbaro’s legs just seconds after the start of the Preakness Stakes in 2006 (the horse was euthanized eight months later) and the death of three horses during production of the TV series Luck (2011–12), a drama about horse racing. (The deaths and subsequent outcry among many viewers helped lead to the abrupt cancellation of the show after just one season.) Such events—augmented by the changing interests of the global sporting public—contributed to the continuing decline in the popularity of horse racing through the first decades of the 21st century.

Where there is gambling, there is cheating, and the history of racing repeats itself with recurrent race fixing and running of ringers. A new threat to the sport arose in the 1960s with the widespread use of anti-inflammatory and coagulant drugs on horses. Various racing bodies limited or forbade the use of such drugs; others did not. Over-racing, particularly in the United States, encouraged their use, and both legal and illegal drug use may explain the higher death rate among American racehorses. (The U.S. Jockey Club reported that about 600 horses died racing-related deaths on U.S. racetracks in 2006, a significantly larger number than those recorded in other countries.) The use of steroids on horses, like their use by star athletes in many sports, came under particular scrutiny in the late 20th century.


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Whoever likes to bet on football, when the match is already underway, is placing so-called live bets. This alternative is particularly popular with experienced bettors. You don't only need a good foundation of expertise, but also a certain feeling for the right moment. We recommend to look for a match, before it kicks off, that is a valuebet. We are not able to present such bets in our tips today yet, but we try to provide live betting tips as well. A value bet is a bet, that is rated too high considering the probability of occurence. The difficulty is to rate the probability oneself. With such odds we recommend to consult all available statistics that you can find for the respective match. You get a valuebet, when the formula gives a number higher than 1.
Knowledge of the first horse race is lost in prehistory. Both four-hitch chariot and mounted (bareback) races were held in the Olympic Games of Greece over the period 700–40 bce. Horse racing, both of chariots and of mounted riders, was a well-organized public entertainment in the Roman Empire. The history of organized racing in other ancient civilizations is not very firmly established. Presumably, organized racing began in such countries as China, Persia, Arabia, and other countries of the Middle East and in North Africa, where horsemanship early became highly developed. Thence came too the Arabian, Barb, and Turk horses that contributed to the earliest European racing. Such horses became familiar to Europeans during the Crusades (11th–13th century ce), from which they brought those horses back.
In the most prestigious races, horses are generally allocated the same weight to carry for fairness, with allowances given to younger horses and female horses running against males. These races are called conditions races and offer the biggest purses. There is another category of races called handicap races where each horse is assigned a different weight to carry based on its ability.[13] Beside the weight they carry, horses' performance can also be influenced by position relative to the inside barrier (post position), gender, jockey, and training.
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