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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.
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.
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.
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.
Jerry D. Bailey is an NBC Sports thoroughbred racing analyst and a retired American Hall of Fame jockey.
The Tote is a British gambling company founded in 1928. It is the world’s largest pool betting operator. Its product offering also includes sports betting and online casino. It is headquartered in Wigan.
Hayley Turner is an English jockey who competes in flat racing. Originally from Nottingham, she is based in Newmarket.
Eddie Ahern is an Irish professional jockey, currently banned from racing for ten years by the British Horseracing Authority on charges of corruption. He was champion apprentice in Ireland in 1997.
James Quinn is an Irish professional horse racing flat jockey.
The Gambling Ordinance was enacted in 1977 to regulate gambling in Hong Kong. People are allowed gamble for leisure and entertainment within these regulations at a limited number of authorized outlets. Social gambling is still allowed.
'Due-column Betting' is a type of fixed-profit betting strategy whereby a bettor increases the amount he wagers on a single proposition after each successive loss. According to this system, the bettor determines a target profit before he begins betting. Then he increases his bet on propositions following a loss in such a way that a win will recover the sum of all amounts he lost from his preceding bets plus gain him his predetermined profit.
Animal Kingdom is a champion American Thoroughbred racehorse who won the 2011 Kentucky Derby and 2013 Dubai World Cup.
Glossary of North American horse racing:
Silvestre de Sousa is a Brazilian flat racing jockey who is based in Britain and was three times champion jockey.
Longitude LLC is the inventor and distributor of the Longitude Enhanced Pari-Mutuel System™, a pool betting technology platform.
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.
Beauty Generation is a New Zealand-bred Thoroughbred racehorse best known for his performances in Hong Kong. He began his career as a three-year-old in Australia where he won two races and ran second in the Rosehill Guineas before being exported to Hong Kong.
James Hugh Bowman is an Australian thoroughbred racing jockey. Based in Sydney, Bowman has won the New South Wales Metropolitan Jockey Premiership four times and has ridden 100 Group 1 winners. He was the jockey for Australian champion mare Winx from 2014 through to her retirement in 2019. In 2017, Bowman won the Longines World’s Best Jockey award presented by the International Federation of Horseracing Authorities. The award capped off a year in which he added to his domestic success with international Group 1 wins in Hong Kong and Japan. In 2019, he was inducted into the Australian Racing Hall of Fame, the industry’s highest accolade. Bowman is also renowned for his “She’s Apples” winning salute and his nickname of “the Undisputed Group 1 King”.
Win Bright is a Japanese Thoroughbred racehorse best known for his performances in Hong Kong. He showed good early form, winning once as a juvenile and taking the Spring Stakes and Fukushima Kinen in the following year. As a four-year-old he added a win over a strong field in the Nakayama Kinen but the rest of his form was unremarkable. He reached his peak as a five-year-old in 2019 when he won the Nakayama Kimpai and a second Nakayama Kinen before capturing the Queen Elizabeth II Cup at Sha Tin Racecourse. In December he returned to Hong Kong and recorded a second major victory as he won the Hong Kong Cup. He failed to win in 2020 but finished second in the Hong Kong Cup.
References
- ↑ "Jockey Challenge - first fixed odds horse race bet type to be introduced on 20 April race meeting - Racing News - Horse Racing - The Hong Kong Jockey Club". www.hkjc.com. Retrieved 2017-07-11.
- ↑ "Questionable betting exchanges are profiting off Hong Kong racing's clean record". South China Morning Post. Retrieved 2017-07-11.