He spent considerable effort trying to obtain and analyze a history of Hong Kong’s daily weather, to see how might have affected race outcomes, but couldn’t spot a pattern. And, the house made its money not by winning against the customers, but by taking 17 percent of the total pool as a commission. Second, Benter believed that at least in theory, he wouldn’t run into the strong arm tactics that had convinced him to leave Las Vegas. Hong Kong horse gambling was run by private clubs but the ultimate beneficiary was the government in the form of 10 percent of all tax revenues. Benter was that he could handicap horse races, he realized now that they just didn’t have enough data.

  • Fixed-odds soccer betting has become a rewarding market for the HKJC over the last decade.
  • Benter got his start in the mid-1970s, when he discovered Beat the Dealer, a bible for blackjack card counters.
  • Although AML laws are the same for all industries, betting still has some specifics since the chances of coming across money laundering are higher in this sector than in others.

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Suspicious Winning Bid Of $2 25 Million Usd Forces Halt Of Doernbecher Aj1 “what The” Auction

Odds Shark exists to provide free picks, betting tips, previews, odds and game lines, trends, deposit info and objective consumer reports for betting sites. The reason is, because we love you — or at least like you a lot. Plus, there are rules and regulations that need to be followed in order to protect customers and we don’t want you to bet on sports at the wrong site. Unlike other sports, in which bookmakers subjectively set the betting odds or point spreads, horse racing is built around a pari-mutuel system. Payouts are based entirely on the public’s opinions, expressed by the horses they bet on.

Hong Kong Mile Field

Options data included in the story shows that markets are pricing in a 6 percent chance the currency will break 7.90 in 12 months, outside the weak end of its 7.75-to-7.85 trading band against the US dollar. A year ago, Hayman Capital Management’s Kyle Bass wrote about “the quiet panic in Hong Kong” and warned of an “impending crisis” in the region. Now, amid mounting unrest, he’s putting his clients’ money — and then some — on a bet that the local currency will collapse.

Official bets are only in races with a big enough POT%, and we only bet when the market price exceeds the rated price. Play ResponsiblyNo person under 18 is allowed to bet or enter premises where bets are accepted. The bigger the number in Hong Kong odds, the more you will win. If you bet HK$100 on Kitchee to win the Hong Kong Premier League at odds of +5.00, you would win HK$500. If you bet HK$100 on Pegasus winning the league at odds of +10.00, you would win HK$1000.

Other Hong Kong Racing News

Arbitrage involves seizing upon discrepancies in the odds offered by rival sportsbooks. You can then cover each potential result and guarantee a risk-free profit, no matter what the result is. Be sure to check out the rest of our incredibly useful sports betting tools here on sportsbookreview and then head over to our sports betting forum to discuss the latest lines and plays from our community of handicappers. Associated with any given odds quotation is the win probability implied by those odds.

The major soccer markets across Europe have finalised a restart to the 2020 season, with La Liga commencing on June 11 and the English Premier League following on June 17. Despite several calls, the BCCI officials were unavailable to comment on the matter. The IPL will have ten teams from the next season after the addition of two new franchises based out of Lucknow and Ahmedabad. The Melbourne Spring Racing Carnival reaches its climax on Melbourne Cup Day. At 3pm on the first Tuesday in November, Australia comes to a standstill as people tune in to catch the race that literally stops a nation.

Something that you will hear a lot about when you are dealing with Hong Kong racing structure is class. The classes for horses are somewhat simplified, ranging from 1-6. Class 1 races are reserved for the horses that are the most talented. The Griffin Race is a special class that is allotted to horses that have yet to win a race in their career. Some bettors are intimidated by the large fields that are created by Hong Kong racing structure. They reason that it will be harder to pick a winner, and that is true.