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Three slender Hong Kong sisters face Dufficy, waiting for a printer to spit out a list of a couple hundred bets with potentially big payoffs. One sister grabs the sheets and snips them into strips, which she distributes to the other women. They punch the information into their handheld wagering machines, which transmit it to the track via telephone lines, filling the room with the chirping of outgoing data.
Four minutes and three-quarters of a mile later, Dufficy looks up at a large-screen TV and watches thoroughbreds lunging past the finish line. He scrutinizes a fistful of papers, then scans the race results scrolling across his desktop monitor. But there's plenty of dough to go around. As Dufficy and members of the half-dozen or so computer teams in Hong Kong will tell you, this city stands as the land of opportunity for tech-inclined handicappers.
The allure centers on Hong Kong's massive handle - the total amount of money wagered on each race - which is the highest in the world. It allows the teams to lay hundreds of thousands of dollars on a single race without upsetting the odds. But Hong Kong racing has other attractions as well: Run by the not-for-profit Hong Kong Jockey Club, it is scrupulously honest fixing would hurt computer bettors' calculations , and there is a pool of only 1, horses per season a manageable number for the teams to track performances.
Then there are the extravagantly exotic bets and parlays, comprising a rich smorgasbord of financial opportunities that seems custom-made for the computer teams. One, the Triple Trio, requires picking the top three finishers in three races and routinely pays six-figure dividends. Horses should be thought of as Dell or Microsoft - their past performances are the equivalent of economic charts.
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. Horses that receive the most bets have the shortest odds and pay the smallest dividends; the least popular horses pay best because fewer people need to divvy up the pool of money.
In a pari-mutuel system, the house has no edge and no interest in who wins. Therefore, someone with the right research capabilities can easily find the public's miscalculations and exploit them for great financial gain. Computer teams pick their winners by culling data from past performances. They use custom-tailored software programs to determine their own odds, search for overlays situations in which their odds - the calculated, objective odds - are more advantageous than the public's typically subjective odds , and place bets that can deliver big dividends for reduced risk.
Team leaders provide the multimillion-dollar bankrolls, supplemented with investments from the 30 to 40 other members. Their jobs range from accounting to code writing to placing the bets. The teams are usually headed up by Westerners or Australians; insiders speculate that Chinese gamblers are inclined to emphasize fate and numerology and therefore find computers and horses incompatible. These team leaders walk off with what's left after salaries and operating costs.
Munchkin, author of the forthcoming Gambling Wizards. Fidelity would be making a lot of money at the expense of those less serious investors. While computer-generated horse picking is not particularly new, it has reached an apex of sophistication in Hong Kong and is spreading beyond China. Teams have recently made inroads in the United States and Japan. You can easily spot tech bettors at the track in Tokyo because they're the ones wheeling suitcases filled with yen.
In Hong Kong, computer-assisted teams are not illegal, but the Jockey Club frowns on the practice, and some bettors claim the HKJC has shut down their accounts after it discovered they were connected to teams. While complaining that his wife's account was canceled, he is well aware of the professional gambler's credo: If they're not throwing you out, you're doing something wrong. Competition among Hong Kong's computer teams is fierce.
Technological secrets are closely guarded, nobody's keen to publicize their betting strategies, and the cagiest players aim to hide their wagers from other teams - all of which monitor the flow of racing money via an independent online service called Telequote, based in Hong Kong. Nobody's more skilled at masking bets than Bill Benter, regarded by many of his peers as the most successful sports bettor in the world: "Normally, you'd see the odds go from to and know it's got to be a big professional bet," says Dufficy.
He ultimately puts the right amount on a horse, but he does it over a sequence of time. He leaves no footprints, and that drives other bettors crazy. The prevailing paranoia is summed up by a rebuffing email from another big player, who refused an on-the-record interview, chiding: "To highlight what I do only INVITES competition, so a high tech magazine is the least desirable place to have an article about me appear.
Plus, any publicity is also [very bad] in terms of impact on the Jockey Club. They do not like computer teams, so advertising how much we make [will only hurt us]. Working from mathematical models that are calculated to deliver a 24 percent return on investments, Hong Kong's most sophisticated computer-assisted bettors operate with long-term certainty of what their profits should be. Horses should be thought of as Microsoft or Dell, Ziemba says, and their past performances are the equivalent of economic charts that provide fodder for the Street's quantitative analysts.
One big difference, though, between the stock market and a horse race is that you can choose when you want to take your profits from a stock. With horses you must do it at the end of each race. So there is a lot more action.
The bedrock of a predictive betting system resides in a massive collection of data on each horse - including details about the tracks and jockeys. Benter, for example, has employees whose sole job it is to review race tapes after every meet.
They judge each horse on characteristics - attributes like speed during the first third of the race, whether it got bumped coming out of a turn, the quality of its recovery from the bump, and, of course, how it finished - and assign numerical grades. This information goes into the database, where it can be cross-referenced and called up to help predict the outcome of any impending race that particular horse runs in.
The computer essentially simulates the race before it happens, based on what has transpired in the past and any anticipated conditions in the future. The software then determines each horse's likelihood of winning a race. When a horse's computer-generated odds are better than the public's odds, the team slams in its wagers.
One top bettor explains it like this: "Our computer program churns through the history of the horses and adjusts all the probability in a very sophisticated way. Having established the probability of the horses, we feed that into our betting program, which looks at all the odds for the various outcomes. It looks at your true chances of winning with the latest payoff odds and calculates what the best potential bets are, based on the chances of winning and the odds.
Then it runs through all the probabilities. You multiply the probability of winning times the payoff odds of one bet. Let's say the horse is If it has a. You get 1. Now it is 1. It gives you a 25 percent edge. Given that you know the true probability of winning, the amount to bet is a closed-form problem based on how much you can lay down without hurting your odds.
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A copy of these Rules is available for inspection on request at the Operator's Headquarters and at the Betting Locations, and for study at the Club's website. All Backers tendering Bets with HKJC Horse Race Betting Limited are deemed to have agreed to accept and be bound by these Rules, all amendments to these Rules, and all determinations and all declarations made pursuant to these Rules from time to time.
These Rules are available in both Chinese and English versions. In the event of any inconsistency between the two versions, the English language version shall prevail. All Backers tendering Football Bets with HKJC Football Betting Limited are deemed to have agreed to accept and be bound by these Rules, all amendments to these Rules, all determinations and all declarations made pursuant to these Rules from time to time.
A copy of these Rules is available for inspection on request at the Operator's Headquarters and at the Lottery Locations, and for study at the Club's website. Platinum Reels Casino. Silver Oak Casino. Royal Ace Casino. Slots Empire Casino.
Grand Fortune casino. Crypto Reels Casino. Buzzluck Casino. High Noon Casino. All Star Slots Casino. Manhattan Slots Casino. Aladdins Gold. Club World Casino. Lucky Red Casino. Slot Madness Casino. Gossip Slots. The standard rule with online blackjack or land-based casino blackjack is to bet before the dealer starts to draw cards. After you bet the dealer hands you your cards. Thereafter, you have six game play options available to you they are,. When you split you end up with 4 cards or two pairs.
That is because when you split two cards you follow with a hit because blackjack hands have to at least have two cards. Doubling down means doubling the original bet that you had and getting an additional card. However, when you double down- you only get one additional card and no splits or hits thereafter. Doubling down is advisable when a player gets a pair of aces or high number cards that have the the potential to get you close to a blackjack.
Simply put make sure you have your basic strategy clear when you double down because it blocks you from making any other plays. In the blackjack card game, you have three standard bets you can play. You can either bet on the dealer to win, the player to beat the dealer or for a tie. Since bets are placed before cards are dealt some casinos offer a surrender option. This option allows you to fold and get half your initial bet back. Players also have the option to make an insurance side bet.
Players must remember the first rule of blackjack is to place a bit before they get their cards. There after the rules for playing blackjack for players are linked to how they bet. Therefore, it is safe to say that once a player understands how the blackjack betting rules work then they will understand what the basic guideline for players is. Casino blackjack players never play against other players it is always against the house other dealer. Therefore, it is important for a player to play close attention to the dealers exposed card.
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