As mentioned earlier, the payout rate or RTP is calculated over thousands and thousands of games, working an average of the amount of money bet to the amount of money returned to players as winnings. As such, I was not in a position to manually test and calculate the actual RTP of each and every game offered by each casino, the variance would be too high to give an accurate result. What’s more, the calculation is more complex than simply working out an average, and you need to know the probability of the occurrence of each symbol, which is not divulged by the game manufacturers. The calculation of payout percentages is carried out by regulators, who have analysed the games in detail and verified and approved the results of the games.


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Older racetracks, mainly European, conform to natural terrain, accommodations for spectators having been added later. The course at Newmarket, for example, can accommodate a race of 2.25 miles (3.6 km) with a gentle change of direction of less than 90 degrees, but spectators cannot see all the race. Newer tracks are elliptical 1-mile- (1.6-km-) long tracks.
Benter was struck by the similarities between Kelly’s hypothetical tip wire and his own prediction-generating software. They amounted to the same thing: a private system of odds that was slightly more accurate than the public odds. To simplify, imagine that the gambling public can bet on a given horse at a payout of 4 to 1. Benter’s model might show that the horse is more likely to win than those odds suggest—say, a chance of one in three. That means Benter can put less at risk and get the same return; a seemingly small edge can turn into a big profit. And the impact of bad luck can be diminished by betting thousands and thousands of times. Kelly’s equations, applied to the scale of betting made possible by computer modeling, seemed to guarantee success.
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2018 Santa Anita Handicap Day - Favorite Accelerate won the Santa Anita Handicap (G1) by 5 1/2 lengths on Saturday over Mubtaahij and Fear the Cowboy. Also on the card, Bowies Hero won the Frank E. Kilroe Mile (G1), Bolt d'Oro won the San Felipe Stakes (G2) on a DQ, City of Light won the Triple Bend Stakes (G1), and Ms Bad Behavior won the China Doll Stakes. Get the results, charts, and photos here.
It was then, in November 2001, that he decided to have a final punt on the Triple Trio. Benter had avoided major prizes since 1997 for fear of angering the Jockey Club’s management, but this jackpot was too big to resist. Wagering on it was something of a lark, albeit an expensive one: He spent HK$1.6 million on the 51,000 combinations. If he won, he decided, he would leave the tickets unclaimed. Club policy in such cases directed the money to a charitable trust.
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In America, interest in horse racing exploded after the Civil War. By 1890 there were 314 racetracks, operating in nearly every state. Incensed, antigambling coalitions pushed through legislation in most parts of the country, and by 1908 only 25 racetracks remained in operation. Finally, even New York racetracks were shut down in 1911 when state legislation outlawed quoting of odds, soliciting bets, and recording bets in a fixed place. In response, many owners, trainers, and jockeys shifted their operations to Europe. When New York racetracks reopened in 1913, most of the earlier African American jockeys never returned.

2018 Santa Anita Handicap Day - Favorite Accelerate won the Santa Anita Handicap (G1) by 5 1/2 lengths on Saturday over Mubtaahij and Fear the Cowboy. Also on the card, Bowies Hero won the Frank E. Kilroe Mile (G1), Bolt d'Oro won the San Felipe Stakes (G2) on a DQ, City of Light won the Triple Bend Stakes (G1), and Ms Bad Behavior won the China Doll Stakes. Get the results, charts, and photos here.
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Futures betting also is offered on the major events in horse racing, such as the Kentucky Derby and Breeders' Cup. In horse racing futures, if your horse does not start the race due to injury or any other reason, you lose the bet -- there are no refunds. On the other hand, the odds on your horse racing futures bet also are "locked in," regardless of the horse's odds on race day.
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.
During the late 1920s and the ’30s racetracks became an important source of tax revenue, and by the second half of the 20th century horse racing had become big business. Fields regularly numbered a dozen or more. Once race meetings lasted a day or two, later a week or two, and today, particularly where climate allows, races may be scheduled for half the year or more. More racing dates require more horses, and horses are raced more intensively. Purses grew, particularly after World War II. In 1981 a new American race, the Arlington Million (run at Arlington Park in Arlington Heights, Illinois, outside of Chicago), was the first million-dollar race. Purses routinely topped this amount in the 21st century, growing to greater than $10 million for certain high-profile races.
The eligibility of racers is checked the day before they are raced. Before the race, jockeys weigh out and report to the paddock for instructions by trainers and mount up, the identity of the horses having been checked. Horses and riders proceed to the track in a parade to the post for the stewards’ (race officials’) inspection and a brief warm-up gallop. Horses are almost universally started from electrically operated starting gates, the horses being walked or led into their stalls prior to the start of the race. The starter actuates the upward swing of the barrier from the stalls when all are in place. During the race, stewards and patrol judges are alert for racing violations, supplemented by a motion-picture patrol. The finish is photographed by a special camera, and, when the race is close, the picture is awaited before winners are announced. The race’s result does not become official until the jockeys have weighed in and the riders of horses that finished in the money are certified to have carried the proper weight. At weighing in, a jockey, owner, or trainer may claim foul against a horse that interfered with his mount. The judgment of the stewards may result in a horse being lowered in order of finish from first to last. The stewards declare the race official, and then payoffs are flashed on the totalizator. Postrace urine tests are made of winning horses and a sample of the field, and if results show the presence of forbidden substances, the results may be changed on payment of purses but not on bets.
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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.
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There are three founding sires that all Thoroughbreds can trace back to in the male line: the Darley Arabian, the Godolphin Arabian, and the Byerly Turk, named after their respective owners Thomas Darley, Lord Godolphin, and Captain Robert Byerly. They were taken to England, where they were mated with mares from English and imported bloodlines.[19] The resultant foals were the first generation of Thoroughbreds, and all modern Thoroughbreds trace back to them. Thoroughbreds range in height, which is measured in hands (a hand being four inches). Some are as small as 15 hands while others are over 17. Thoroughbreds can travel medium distances at fast paces, requiring a balance between speed and endurance. Thoroughbreds may be bay, black, dark bay/brown, chestnut, gray, roan, white or palomino. Artificial insemination, cloning and embryo transfer are not allowed in the Thoroughbred breed.[20]
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