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A bookmaker, bookie, or turf accountant is an organization or a person that accepts and pays out bets on sporting and other events at agreed-upon odds.
Horse racing is an equestrian performance sport, typically involving two or more horses ridden by jockeys over a set distance for competition. It is one of the most ancient of all sports, as its basic premise – to identify which of two or more horses is the fastest over a set course or distance – has been mostly unchanged since at least classical antiquity.
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 (英皇御准香港賽馬會). 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.
The Good Neighbour Policy is an agreement among horse racing bodies that no signatory shall provide betting on horse racing to residents of another signatory's jurisdiction without its permission, nor solicit, market nor advertise betting without prior authorisation from that other signatory.
Gambling in Macau has been legal since the 1850s when the Portuguese government legalised the activity in the autonomous colony. Since then, Macau has become known worldwide as the "Gambling capital of the world". It is the only place in China where casino gambling is legal.
The Australian and New Zealand punting glossary explains some of the terms, jargon and slang which are commonly used and heard on Australian and New Zealand racecourses, in TABs, on radio, and in the horse racing media. Some terms are peculiar to Australia, such as references to bookmakers, but most are used in both countries.
In the United States, a sportsbook or a race and sports book is a place where a gambler can wager on various sports competitions, including golf, football, basketball, baseball, ice hockey, soccer, horse racing, greyhound racing, boxing, and mixed martial arts. The method of betting varies with the sport and the type of game. In the US, the Professional and Amateur Sports Protection Act of 1992 allowed only Nevada, Oregon, Montana, and Delaware to legally wager on sports other than horse racing, greyhound racing, and jai alai; the law was ruled unconstitutional on May 14, 2018, freeing states to legalize sports betting at their discretion.
Online gambling is any kind of gambling conducted on the internet. This includes virtual poker, casinos, and sports betting. The first online gambling venue opened to the general public was ticketing for the Liechtenstein International Lottery in October 1994. Today, the market is worth around $40 billion globally each year, according to various estimates.
Mark Six is a lottery game organised by the Hong Kong Jockey Club.
Sports in Hong Kong are a significant part of its culture. Due to British influence going as far back as the late 19th century, Hong Kong had an earlier introduction to Western athletics compared to other Asia regions.
Gambling in the United Kingdom is regulated by the Gambling Commission on behalf of the government's Department for Digital, Culture, Media and Sport (DCMS) under the Gambling Act 2005. This Act of Parliament significantly updated the UK's gambling laws, including the introduction of a new structure of protections for children and vulnerable adults, as well as bringing the burgeoning Internet gaming sector within British regulation for the first time.
The Tote is a British gambling company founded in 1928. It is one of the world’s largest pool betting operators. Its product offering also includes sports betting and online casino. Business operations are led from its headquarters in Wigan.
In Japan, most forms of gambling are generally banned by the Criminal Code chapter 23; however, there are several exceptions, including betting on horse racing and certain motor sports.
Gambling is an activity undertaken by many Australians. In 2022, 72.8% of Australian adults gambled within the previous 12 months and 38% of Australian adults gambled at least once per week. In 2017, Australians were estimated to lead the world with the highest gambling losses on a per-capita basis.
Longitude LLC is the inventor and distributor of the Longitude Enhanced Pari-Mutuel System™, a pool betting technology platform.
Gambling has been present in the Philippines since at least the sixteenth century. Various legal and illegal forms of gambling are found almost all over the archipelago. The government manages gambling through the Philippine Amusement and Gaming Corporation (PAGCOR) a state-owned enterprise which both operates a number of individual casinos and in turn acts as a regulator to privately owned casino operators. Since 2016 PAGCOR has also granted operating licenses and overseen the regulation of growing online gambling sector serving offshore markets. Casino gambling and integrated resorts have become a key component of the Philippines appeal as a tourist destination with more than twenty casinos found in Metro Manila alone.
Gambling in China is illegal under Chinese law and has been officially outlawed since the Communist Party took power in 1949. Any form of gambling by Chinese citizens, including online-gambling, gambling overseas, opening casinos overseas to attract citizens of China as primary customers, is considered illegal. In practice however, Chinese citizens participate in state-run lotteries, regularly travel to legal gambling centers overseas or in the special administrative regions of Hong Kong and Macau and access gaming through offshore based proxy betting and online gambling companies.
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 Carolina Cup and Colonial Cup Steeplechase in Camden, South Carolina.
Robert "Bob" Moore was a New Zealand professional gambler who focused on horse race betting where he earned his fortune. Moore had worked with Alan Woods and Bill Benter to develop computerized systems which successfully predicted the outcome of horse races.
The history of gambling in the United Kingdom goes back centuries, as do efforts to deplore it, and regulate it.
References
- ↑ Deans, R. (2001). Online gambling: changes to Hong Kong's gambling legislation. Gaming Law Review., 5(6), Retrieved from http://www.liebertonline.com/doi/abs/10.1089/109218801753336166?journalCode=glr doi:10.1089/109218801753336166
- ↑ "Togel Hong Kong".
- 1 2 3 "Responsible gambling policy". Hong Kong Jockey Club . Retrieved 24 May 2015.
- 1 2 Balfour, Fredrick (22 February 2016). "Hong Kong Horse Racing Is Serious Business". Bloomberg.com. Retrieved 7 March 2018.
- ↑ "Hong Kong's hardcore gamblers". CNNMoney. Retrieved 7 March 2018.
- ↑ Mok, Danny (1 September 2017). "Hong Kong Jockey Club has record-breaking year". South China Morning Post. Retrieved 7 March 2018.
- ↑ Hong Kong police smash illegal world cup betting ring. (2010, June 13). Asia Pacific News, Retrieved from http://www.channelnewsasia.com/stories/afp_asiapacific/view/1062884/1/.html
