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Betting On Horse Racing
Betting on horse racing or horse betting commonly occurs at many horse races. Modern horse betting started in Great Britain in the early 1600s during the reign of King James I. Gamblers can stake money on the final placement of the horses taking part in a race. Gambling on horses is, however, prohibited at some racetracks. For example, because of a law passed in 1951, betting is illegal in Springdale Race Course, home of the nationally renowned Toronto-Dominion Bank (TD Bank) Carolina Cup and Colonial Cup Steeplechase in Camden, South Carolina. Where gambling is allowed, most tracks offer parimutuel betting where gamblers' money is pooled and shared proportionally among the winners once a deduction has been made from the pool. Parimutuel betting also provides purse money to participants and a considerable amount of tax revenue, with over $100 billion being wagered annually in 53 countries. In some countries – notably the UK, Ireland, and Australia – an alternative and more ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Betting On The Favorite
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of 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 Nevada Gaming Control Board. However, this distinction is not universa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trifecta
Trifecta A trifecta is a parimutuel bet placed on a horse race in which the bettor must predict which horses will finish first, second, and third, in the exact order. Known as a trifecta in the US and Australia, this is known as a tricast in the UK, a tierce in Hong Kong, a triactor in Canada and a tiercé in France. A trio, offered in Hong Kong and France, is a variation in which the order of the horses is not relevant. Variations Boxed A "boxed" trifecta is where three horses are selected, and the player wins if these three horses finish first in any order. Boxed bets are effectively equivalent to placing standard trifecta bets on all six possible outcomes of the selected horses. For example, a boxed trifecta of horses numbered 6, 7 and 9, wins if horses finish in any of these combinations of outcomes: * 6, 7, 9 * 6, 9, 7 * 7, 6, 9 * 7, 9, 6 * 9, 6, 7 * 9, 7, 6. Banker One horse (the "banker") is chosen to win the race, and two or more selections are boxed to come sec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parimutuel Gambling
Parimutuel betting, or pool betting, is a betting system in which all bets of a particular type are placed together in a pool; taxes and the ''house-take'', or ''vigorish'', are deducted, and payoff odds are calculated by sharing the pool among all winning bets. In some countries it is known as the tote after the totalisator, which calculates and displays bets already made. The parimutuel system is used in gambling on horse racing, greyhound racing, jai alai, and other sporting events of relatively short duration in which participants finish in a ranked order. A modified parimutuel system is also used in some lottery games. Definition Parimutuel betting differs from fixed-odds betting in that the final payout is not determined until the pool is closed — in fixed-odds betting, the payout is agreed at the time the bet is made. Parimutuel gambling is frequently state-regulated, and it is offered in many places where gambling is otherwise illegal. Parimutuel gambling is often al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Getting Out Stakes
The getting out stakes is a slang term in British and Irish horse race betting, referring to the last race of the day. Gamblers who have not won money on other races try to recoup or reduce their losses by betting on the last race at long odds In probability theory, odds provide a measure of the probability of a particular outcome. Odds are commonly used in gambling and statistics. For example for an event that is 40% probable, one could say that the odds are or When gambling, o .... Although mostly a slang term, bookmakers themselves have named races as such. References Further reading Definitions found aIrish Slang British slang Gambling terminology Horse racing terminology Irish slang {{horse-racing-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Melbourne Cup
The Melbourne Cup is an annual Group 1 Thoroughbred horse race held in Melbourne, Australia, at the Flemington Racecourse. It is a 3200-metre race for three-year-olds and older, conducted by the Victoria Racing Club that forms part of the Melbourne Spring Racing Carnival. It is the richest two-mile handicap in the world and one of the richest turf races. The event starts at 3:00 pm on the first Tuesday of November and is known locally as "the race that stops the nation". The Melbourne Cup has cemented itself as a part of Melbourne and Australian culture, having been run every year since 1861 (except for an intermission during World War I and World War II). The day of the race has been a public holiday for much of Victoria since 1876. It was originally run over but was shortened to in 1972 when Australia adopted the metric system. This reduced the distance by , and Rain Lover's 1968 race record of 3:19.1 was accordingly adjusted to 3:17.9. The present record holder is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thoroughbred Racing In Australia
Thoroughbred horse racing is a spectator sport in Australia, and gambling on horse races is a very popular pastime with A$14.3 billion wagered in 2009/10 with bookmakers and the Totalisator Agency Board (TAB). The two forms of Thoroughbred horse racing, horseracing in Australia are flat racing, and races over fences or hurdles in Victoria and South Australia. Thoroughbred racing is the third most attended spectator sport in Australia, behind Australian rules football and rugby league, with almost two million admissions to 360 registered List of horse racing venues#Australia, racecourses throughout Australia in 2009/10. Horseracing commenced soon after European settlement, and is now well-appointed with Tote board, automatic totalizators, starting gates and photo finish cameras on nearly all Australian racecourses. On an international scale Australia has more racecourses than any other nation. It is second to the United States in the number of horses starting in races each year. Aus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
France
France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlantic, North Atlantic, the French West Indies, and List of islands of France, many islands in Oceania and the Indian Ocean, giving it Exclusive economic zone of France, one of the largest discontiguous exclusive economic zones in the world. Metropolitan France shares borders with Belgium and Luxembourg to the north; Germany to the northeast; Switzerland to the east; Italy and Monaco to the southeast; Andorra and Spain to the south; and a maritime border with the United Kingdom to the northwest. Its metropolitan area extends from the Rhine to the Atlantic Ocean and from the Mediterranean Sea to the English Channel and the North Sea. Its Regions of France, eighteen integral regions—five of which are overseas—span a combined area of and hav ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Jockey Club
The Hong Kong Jockey Club (HKJC) was founded in 1884 and is one of the oldest institutions in Hong Kong. In 1960, it was granted a royal charter and renamed The Royal Hong Kong Jockey Club (). The institution reverted to its original name in 1996 due to the handover of Hong Kong in 1997. Membership of the club is by nomination and election. It is a non-profit organisation providing horse racing, sporting and betting entertainment in Hong Kong. It holds a government-granted monopoly in providing pari-mutuel betting on horse racing, the Mark Six lottery, and fixed odds betting on overseas football events. The organisation is the largest taxpayer in Hong Kong, as well as the largest community benefactor and one of the city's major employers. In 2022/2023, The Hong Kong Jockey Club contributed a record HK$35.9 billion to the community. This comprised a record HK$28.6 billion in betting duty, profits tax and Lotteries Fund contributions, and HK$7.3 billion in approved charity d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong
Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the world. Hong Kong was established as a colony of the British Empire after the Qing dynasty ceded Hong Kong Island in 1841–1842 as a consequence of losing the First Opium War. The colony expanded to the Kowloon Peninsula in 1860 and was further extended when the United Kingdom obtained a 99-year lease of the New Territories in 1898. Hong Kong was occupied by Japan from 1941 to 1945 during World War II. The territory was handed over from the United Kingdom to China in 1997. Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of one country, two systems. Originally a sparsely populated area of farming and fishing villages,. the territory is now one of the world's most signific ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kentucky Derby
The Kentucky Derby () is an American Graded stakes race, Grade I stakes Thoroughbred racing, race run at Churchill Downs in Louisville, Kentucky. The race is run by three-year-old Thoroughbreds at a distance of . Colt (horse), Colts and geldings carry and fillies . Held annually on the first Saturday in May, the Derby is the first leg of the Triple Crown of Thoroughbred Racing (United States), Triple Crown. It is preceded by the two-week-long Kentucky Derby Festival. The race is known as "The Run for the Roses", as the winning horse is draped in a blanket of roses. Lasting approximately two minutes, the Derby has been alternately called "The Most Exciting Two Minutes in Sports", "The Fastest Two Minutes in Sports", or "The Greatest Two Minutes in Sports", coined by Churchill Downs president Matt Winn. At least two of these descriptions are thought to be derived from the words of sportswriter Grantland Rice, when in 1935 he said "Those two minutes and a second or so of derby ru ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Horse Racing In The United States
The horse (''Equus ferus caballus'') is a Domestication, domesticated, odd-toed ungulate, one-toed, ungulate, hoofed mammal. It belongs to the taxonomic family Equidae and is one of two Extant taxon, extant subspecies of wild horse, ''Equus ferus''. The horse has evolution of the horse, evolved over the past 45 to 55 million years from a small multi-toed creature, ''Eohippus'', into the large, single-toed animal of today. Humans began domesticating horses around 4000 Common Era, BCE in Central Asia, and their domestication of the horse, domestication is believed to have been widespread by 3000 BCE. Horses in the subspecies ''caballus'' are domesticated, although some domesticated populations live in the wild as feral horses. These feral populations are not true wild horses, which are horses that have never been domesticated. There is an extensive, specialized vocabulary used to describe equine-related concepts, covering everything from equine anatomy, anatomy to life sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Betting Exchange
A betting exchange is a marketplace for customers to bet on the outcome of discrete events. Betting exchanges offer the same opportunities to bet as a bookmaker with a few differences. Gamblers can buy (also known as "back") and sell (also known as "lay") the outcome, and they can trade in real-time throughout the event, either to cut their losses or lock in profit. Bookmaker operators generate revenue by offering less efficient odds. Betting exchanges normally generate revenue by charging a small commission on winning bets. History The first betting exchanges were Matchbook, flutter.com and Betfair. Flutter and Betfair merged in 2001 with Betfair chosen as the primary betting exchange. The flutter.com site ceased operations in January 2002. Since then Betfair has maintained a leading position in the betting exchange market. BETDAQ (which also traded as the 'Ladbrokes Exchange') is believed to be the second largest betting exchange and it had an estimated 7% share of the be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
