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Place (Horse Terminology)
The Tote is a British gambling company founded in 1928. It operates the world’s largest online pool betting website. Its product offering also includes sports betting and online casino. Business operations are led from its headquarters in Wigan. The Tote was established and owned by the UK Government until July 2011 when it was sold to Betfred for £265m. It was sold to UK Tote Group - a consortium of over 150 individual investors involved in the sport as racehorse owners and breeders - in October 2019 for £115m. The Tote has retail outlets on 58 of the UK's 59 racecourses, as well as an online division. Under the ownership of the UK Tote Group, the Tote aims to develop a more competitive product to compete in the UK betting market. Terminology As other bookmakers can offer similar gambling services it is necessary to disambiguate the bets. A bookmaker win-only bet (on-the-nose) isn't the same as a Tote Win bet, as the bookmaker is offering fixed odds for that particula ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Tote
The Tote is a British gambling company founded in 1928. It operates the world's largest online pool betting website. Its product offering also includes sports betting and online casino. Business operations are led from its headquarters in Wigan. The Tote was established and owned by the UK Government until July 2011 when it was sold to Betfred for £265m. It was sold to UK Tote Group – a consortium of over 150 individual investors involved in the sport as racehorse owners and breeders – in October 2019 for £115m. The Tote has retail outlets on 58 of the UK's 59 racecourses, as well as an online division. Under the ownership of the UK Tote Group, the Tote aims to develop a more competitive product to compete in the UK betting market. History The Racehorse Betting Control Board was created by the Racecourse Betting Act 1928, as a statutory corporation. It was set up by Winston Churchill as a government-appointed board, with the intention of providing a safe, stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jockey Club
The Jockey Club is the largest commercial horse racing organisation in the United Kingdom. It owns 15 of Britain's famous racecourses, including Aintree Racecourse, Aintree, Cheltenham Racecourse, Cheltenham, Epsom Downs Racecourse, Epsom Downs and both the Rowley Mile and July Course in Newmarket Racecourse, Newmarket, amongst other horse racing assets such as the National Stud, and the property and land management company, Jockey Club Estates. The registered charity Racing Welfare is also a company limited by guarantee with the Jockey Club being the sole member. As it is governed by Royal Charter, all profits it makes are reinvested back into the sport. Formerly the regulator for the sport ("Newmarket Rules"), the Jockey Club's responsibilities were transferred to the Horseracing Regulatory Authority (now the British Horseracing Authority) in 2006. History The Jockey Club has long been thought to have been founded in 1750 – a year recognised by the club itself in its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sports Betting Systems
Sports betting systems are sets of events that when combined for a particular game for a particular sport represent a profitable betting scenario. Since sports betting involves humans, there is no deterministic edge to the house or the gambler. Systems supposedly allow the gambler to have an edge or an advantage. Sportsbooks use systems in their analysis to set more accurate odds. Therefore, the novice gambler may believe that using a system will always work, but it is the general consensus that at some point the oddsmakers will have adjusted for the system to make it no longer profitable. Very short-lived systems are called trends. Any single event that estimates a selection to have a higher likelihood of winning is called an angle as they are meant to be used in conjunction with other angles and trends to produce systems. Overview Systems can be deceiving. Any sample space can be constrained enough with meaningless criteria to create the illusion of a profitable betting syst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arbitrage Betting
Betting arbitrage ("sure bets", sports arbitrage) is an example of arbitrage arising on betting markets due to either bookmakers' differing opinions on event outcomes, or errors. When conditions allow, by placing one bet per each outcome with different betting companies, the bettor can make a profit regardless of the outcome. Mathematically, arbitrage occurs when there are a set of odds, which represent all mutually exclusive outcomes that cover all state space possibilities (i.e. all outcomes) of an event, whose implied probabilities add up to less than 1. Background Arbitrage betting involves relatively large sums of money, given that 98% of arbitrage opportunities return less than 1.2%. The practice is usually detected quickly by bookmakers, who typically hold an unfavorable view of it,{{Cite web, url=https://economics.yale.edu/sites/default/files/files/Undergraduate/Nominated%20Senior%20Essays/2015-16/Schwartz_Avery_SeniorEssay%202016.pdf, title=Arbitrage in the European Soc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sports Betting
Sports betting is the activity of predicting sports results and placing a wager on the outcome. Sports bettors place their wagers either legally, through a sportsbook or bookmaker (colloquially known as "bookies"), or illegally through privately run enterprises. The term "book" is a reference to the books used by wage brokers to track wagers, payouts, and debts. Many legal sportsbooks are found online, operated over the Internet from jurisdictions separate from the clients they serve, usually to get around various gambling laws (such as the Unlawful Internet Gambling Enforcement Act of 2006 in the United States) in select markets, such as Las Vegas, or on gambling cruises through self-serve kiosks. There are different types of legalized sports betting now such as game betting, parlays props and future bets. They take bets "up-front", meaning the bettor must pay the sportsbook before placing the bet. Due to the nature of their business, illegal bookies can operate anywhere but ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tote Ireland
Tote Ireland is an Irish gambling company founded in 1929. It operates Ireland’s largest online pool betting website. Its product offering also includes sports betting. Business operations are led from its headquarters in Kildare. Since 1945, Tote Ireland has been owned by Horse Racing Ireland, formerly known as the Racing Board. It has responsibility for the operation of Tote retail outlets across all 24 racecourses in Ireland. In April 2020, Tote Ireland entered into a seven-year strategic partnership with British gambling company, The Tote. In the same year, Tote Ireland became a member of the newly created World Tote Association, along with 20 other Tote operators from around the world. History *In 1929, the Totalisator Act was passed for mechanical pool betting within the then Irish Free State, with the Totalisator borrowing IR£20,000 from sponsored races. Its first meeting in Fairyhouse on the April 21, 1930, offered win and place betting from 35 windows and had a To ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Terrestrial Television
Terrestrial television, or over-the-air television (OTA) is a type of television broadcasting in which the content is signal transmission, transmitted via radio waves from the terrestrial (Earth-based) transmitter of a TV station to a TV receiver having an television antenna, antenna. The term ''terrestrial'' is more common in Europe and Latin America, while in Canada and the United States it is called ''over-the-air'' or simply ''broadcast''. This type of Television broadcasting, TV broadcast is distinguished from newer technologies, such as satellite television (direct broadcast satellite or DBS television), in which the signal is transmitted to the receiver from an overhead satellite; cable television, in which the signal is carried to the receiver through a coaxial cable, cable; and Internet Protocol television, in which the signal is received over an Internet stream or on a network utilizing the Internet Protocol. Terrestrial television stations broadcast on television cha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Tote
The Tote is a British gambling company founded in 1928. It operates the world's largest online pool betting website. Its product offering also includes sports betting and online casino. Business operations are led from its headquarters in Wigan. The Tote was established and owned by the UK Government until July 2011 when it was sold to Betfred for £265m. It was sold to UK Tote Group – a consortium of over 150 individual investors involved in the sport as racehorse owners and breeders – in October 2019 for £115m. The Tote has retail outlets on 58 of the UK's 59 racecourses, as well as an online division. Under the ownership of the UK Tote Group, the Tote aims to develop a more competitive product to compete in the UK betting market. History The Racehorse Betting Control Board was created by the Racecourse Betting Act 1928, as a statutory corporation. It was set up by Winston Churchill as a government-appointed board, with the intention of providing a safe, stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Betting Pool
A betting pool, syndicate, sports lottery, sweep, or office pool if done at work, is a form of gambling, specifically a variant of parimutuel betting influenced by lotteries, where gamblers pay a fixed price into a ''pool'' (from which taxes and a house "take" or "vig" are removed), and then make a selection on an outcome, usually related to sport. In an informal game, the vig is usually quite small or non-existent. The pool is evenly divided between those that have made the correct selection. While historically there are no odds displayed; each winner's payoff (or odds) is a simple calculation dividing the pool less takeout by the number of winners. (The only major difference from true pari-mutuel betting is that it allows for variable wager amounts.) Betting pools are not connected only to sports, as there are topics such as deaths and births which people can bet on. Death pools usually involve well-known individuals, such as celebrities and sports figures, which the participan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gambling
Gambling (also known as betting or gaming) is the wagering of something of Value (economics), value ("the stakes") on a Event (probability theory), random event with the intent of winning something else of value, where instances of strategy (game theory), strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Racecourse
A race track (racetrack, racing track or racing circuit) is a facility built for racing of vehicles, athletes, or animals (e.g. horse racing or greyhound racing). A race track also may feature grandstands or concourses. Race tracks are also used in the study of animal locomotion. A ''racetrack'' is a permanent facility or building. ''Racecourse'' is an alternate term for a horse racing track, found in countries such as the United Kingdom, India, Australia, Hong Kong, and the United Arab Emirates. Race tracks built for bicycles are known as ''velodromes''. ''Circuit'' is a common alternate term for race track, given the circuit configuration of most race tracks, allowing races to occur over several laps. Some race tracks may also be known as ''speedways'', or ''raceways''. A ''race course'', as opposed to a ''racecourse'', is a nonpermanent track for sports, particularly road running, water sports, road racing, or rallying. Many sports usually held on race tracks also can occur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Betfred
Betfred Group Holdings Limited is a bookmaker based in the United Kingdom, founded by Fred Done.Pronounced to rhyme with "bone". It was first established as a single betting shop in Ordsall, Salford, in 1967. Its turnover in 2004 was reported to be more than £3.5 billion, having risen from £550 million in 2003 and has continued to grow to over £10 billion in 2018-2019. Following a drop in 2020 and 2021 as a result of the Covid pandemic, published turnover for the year to September 2022 was £8.8 billion. It has its head office is in Birchwood, Warrington, and also has offices in Media City, Salford Quays, Salford. Betfred.com, the company's online gambling site, is based in Gibraltar and registered as Petfre (Gibraltar) Limited. History Done Bookmakers was first established as a single shop in Ordsall, Salford in 1967. Fred Done financed the first Done Bookmakers shop with capital made from a winning bet he placed on England to win the 1966 World Cup. In 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
