Make Horse Racing a Sure Bet
Horse racing systems may be as old as the sport itself. It is not for nothing that racing horses has long been known as “the sport of kings” for it takes a lot of funds to own horses – and to bet enjoyably on them. Sure it’s possible to put down extremely modest amounts in today’s races, but that would be like going to a five-star restaurant just to have a glass of water. Right after all, popular though the pastime is, it’s worth a hundred and fifteen billion dollars worldwide, a sum unlikely to consist entirely of little wagers!
Hence, along with this noble equestrian sport has come numerous racing systems developed to enhance one’s odds. Within the United States, betting on horse races is governed by the individual states in which the racetrack is located. Cross state lines, nevertheless, and there’s remarkably little oversight, as interstate commerce is a federal responsibility and apparently not one that preoccupies Washington too much (after all, they hardly bother with illegal immigration). Thus businesses have sprung up to simulcast betting across state lines except via wider statutes on gambling in general.
Thus the numerous racing tips, born with the social phenomenon of parimutuel gambling (from the French for “mutual” gambling) in which all bets are pooled together, with a house take removed immediately prior to calculating payoff shares. In a typical example, seventeen percent is withheld and eighty-three percent returned inside the form of winnings. As with all games of chance, the mathematics of probability is intimately involved, with nuances exploited by those with an understanding with the details. Modern technology aims to make it even easier, and software exists which purport to help handicap a race with the least amount of user input feasible. Interestingly, such computer-assisted handicaps don’t dampen the excitement of a bet!