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During the 2001/02 racing season, the HKJC licensed 1,144 horse owners, 24 trainers and 35 jockeys and had 1,435 horses in training. In 2002–2003, the betting turnover was HK$71 billion. After paying dividends of 58 billion and betting duty of 9.5 billion, its betting commission revenue was HK$3.9 billion.
There is a precedent for HKJC officials to delay Mark Six drawings when there is a big accumulated jackpot (Chinese: 多寶), so as to allow people extra time to buy a ticket. [12] Drawings have also been delayed due to computer errors at betting stations that prevent tickets from being sold.
Betting on horse racing or horse betting [1] commonly occurs at many horse races. Modern horse betting started in Great Britain in the early 1600s during the reign of King James I . [ 2 ] [ 3 ] Gamblers can stake money on the final placement of the horses taking part in a race.
The area was previously swampland, but the only flat ground suitable for horse racing on Hong Kong Island. To make way for the racecourse, Hong Kong Government prohibited rice growing by villages in the surrounding area. The first race ran in December 1846. Over the years, horse racing became more and more popular among the Chinese residents. [3]
In some situations, a negative breakage may occur—for example, in horse racing when an overwhelming favorite wins (or shows or places). [3] The parimutuel calculation results might call for a very small winning payout (say, $1.02 or $1.03 on a dollar bet), but legal regulations might require a larger payout (e.g., minimum $1.10 on a dollar ...
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As of November 2024, Windows 11, accounting for 35% of Windows installations worldwide, [20] is the second most popular Windows version in use, with its predecessor Windows 10 still being the most used version in virtually all countries (with Guyana being an exception, where Windows 11 is the most used [21]), with it globally at over 2 times ...
Editor’s note: This article discusses suicide and suicidal ideation. If you or someone you know is struggling or in crisis, help is available. Call or text 988 or chat at 988lifeline.org ...