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Woods knew there were giant horse-betting pools to tap in Asia—and that the biggest of all was run by the Hong Kong Jockey Club. Begun in 1884 as a refuge for upper-crust Brits who wanted a stretch of England’s green and pleasant land in their subtropical colony, the club changed over time into a state gambling monopoly. Its two courses, Happy Valley and Sha Tin, were packed twice a week during a racing season that extended from September to July. Hong Kong’s population was then only about 5.5 million, but it bet more on horses than the entire U.S., reaching about $10 billion annually by the 1990s.
Black-Eyed Susan Day Results - Red Ruby splashed home by 4 3/4 lenghts to win the 2018 Black-Eyed Susan Stakes (G2) at Pimlico in the slop on Friday. There were 6 other stakes on the card including the Pimlico Special (G3) won by Irish War Cry, the Allaire Dupont Distaff (G3) won by Song of Spring, and the Miss Preakness Stakes (G3) won by Happy Like a Fool. Get the results, charts, and photos for all 7 races here.
Many of the biggest players in sports betting can trace a lineage directly to the Benter-Woods axis. For example, the Australian press has called Zeljko Ranogajec “the world’s biggest punter.” Today he runs a global algorithmic gambling empire, but he began his career in Las Vegas counting cards with Benter and Woods, then followed them to Hong Kong. During a rare interview in London, Ranogajec said, “A substantial portion of our success is attributable to the pioneering work done by Benter.”
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Across the road from Happy Valley, 27 floors up, two Americans sat in a plush office, ignoring a live feed of the action that played mutely on a TV screen. The only sound was the hum of a dozen computers. Bill Benter and an associate named Paul Coladonato had their eyes fixed on a bank of three monitors, which displayed a matrix of bets their algorithm had made on the race—51,381 in all.
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.
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Club horse racing reappeared on a small scale in the 1990s. In 2008, the China Speed Horse Race Open in Wuhan was organized as the qualification round for the speed horse race event at the National Games the next year, but was also seen by commentators as a step towards legalizing both horse racing and gambling on the races. The Wuhan Racecourse was the only racecourse that organized races in China. In 2014, the Wuhan Jockey Club organized more than 80 races. Almost all Chinese trainers and jockeys stabled in Wuhan. However, with the demise of the event at the National Games and the government not relenting from the ban on commercial racing, various racecourses built in recent years are all in a state of disuse: The Nanjing Racecourse, which previously hosted National Games equestrian events, is now used as a car park; the Beijing Jockey Club was shut down in 2008. The racecourse in Inner Mongolia has not been active after 2012.
Organized groups dedicated to protecting animals, such as the Humane Society of the United States and People for the Ethical Treatment of Animals, target some horse sports with claims of animal cruelty. Horse racing and rodeo are most commonly targeted, due both to their high visibility and to the level of stress and potential physical dangers to the equines involved. Criticism of horse racing and its practices runs a wide gamut;[vague] however, while some may consider even fairly drastic discipline of horses non-abusive, others may consider abuse to be anything done against the will of the animal in question. Some people may consider poor living conditions or use of whip abusive, while some may have concern with end-use of horses.
Betting on sports games is a hobby for many, and most people just consider it to be a fun and friendly past time. But there are ways to consistently make money on sports betting, and the tricks are understanding betting strategy and the different types of bets you can make, understanding the odds, making smart bets, and walking away from bad bets. It’s also important to remember that making money on sports betting is something that requires time and dedication: it’s not about making a single huge bet and winning lots of money in one shot. Instead, it’s all about making a series of small, smart bets that add up over the season to an overall gain.
The only way to achieve long-term success at sports betting is by following a winning system and fundamental handicapping, combined with sound money management. Our betting systems were developed by a team of economists and financial experts to identify measurably mispriced games. Sportsbooks leave money on the table every day as they look to offset risk. Our strategies are designed to alert members to these profitable situations.
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.
In 1929, the charge for admission to the Public Enclosure is $1 per day for all while soldiers and sailors can enjoy half price. In the other hand, members are required to show their badges to obtain admission to the Members’ Enclosure. And also the charge for admission to the Members’ Enclosure is $2 per day. By comparing the lowest wage in 1929, we observe that the lowest wage is around $12 ( $0.4 per day) which has a large distance for the requirement enclosure. Therefore, we can observe that the race meetings are mainly opened for upper class mostly while grass-root has a lower chance to touch horse racing activity.
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.
The paper argued that a horse’s success or failure was the result of factors that could be quantified probabilistically. Take variables—straight-line speed, size, winning record, the skill of the jockey—weight them, and presto! Out comes a prediction of the horse’s chances. More variables, better variables, and finer weightings improve the predictions. The authors weren’t sure it was possible to make money using the strategy and, being mostly interested in statistical models, didn’t try hard to find out. “There appears to be room for some optimism,” they concluded.
Hard Rock does not yet have any craps games, and the only baccarat option so far is the Live Dealer version mentioned above. However, more table games such as these and even “carnival” style casino games may be added as the library expands. Going further, it’s not implausible for Hard Rock to offer games rarely (or never) seen in the market, like Red Dog, Super Wheel, Pai Gow Poker, and the Perfect Pairs side bet for Blackjack.
Horse racing is a popular sport in South Africa that can be traced back to 1797. The first recorded race club meeting took place five years later in 1802. The national horse racing body is known as the National Horseracing Authority and was founded in 1882. The premier event, which attracts 50,000 people to Durban, is the Durban July Handicap, which has been run since 1897 at Greyville Racecourse. It is the largest and most prestigious event on the continent, with betting running into the hundreds of millions of Rands. Several July winners have gone on to win major international races, such as Colorado King, London News, and Ipi Tombe. However, the other notable major races are the Summer Cup, held at Turffontein Racecourse in Johannesburg, and The Sun Met, which is held at Kenilworth race track in Cape Town.
The most popular types of new player bonuses are first deposit bonuses centered around matching your initial deposit up to a certain amount. But new players aren't the only audience online casinos reach out to; returning and loyal players can also benefit from generous promotions as well as VIP and Loyalty Schemes, which provide ample reward to players who consistently play at the same site.
When you are playing real money slots in the online casino, you need to choose the most convenient way to transfer your money. Today there are dozens of different payment systems and different currencies accepted in the gambling industry. Some of them are more popular and convenient, some of them are not used by many casinos yet but each of them has its own fans. Here we’ve got the list of the most famous payment systems that you can choose from.
As you can see from this table, the differences in the payout rates at each of the casinos I tested do not differ greatly. All provide high return to player percentages, with only slight variations in the highest and lowest payout rates, which you can see highlighted in red and green. When you consider classic games, like roulette and blackjack, the same values are often found across many sites, due to the fixed rules of the games. Likewise, you will find little variance in the RTP of video poker games. When it comes to slots, you will find that the theoretical payout rates can vary from 90% up to 99%. It’s, therefore, useful to check the game rules for slots to find out how much you can expect to lose. Any slots offering payout rates of below 90% just do not offer good value for money when you consider how high the RTPs can reach.
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The Arabian horse was developed by the Bedouin people of the Middle East specifically for stamina over long distances, so they could outrun their enemies. It was not until 1725 that the Arabian was introduced into the United States. Arabians appeared in the United States in colonial times, though were not bred as purebreds until about the time of the Civil War. Until the formation of the Arabian Horse Registry of America in 1908, Arabians were recorded with the Jockey Club in a separate subsection from Thoroughbreds.