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In Betting Thoroughbreds, Steve Davidowitz claimed that (in 1974), "the top-figure horse wins 35 percent of the time, at a slight loss for every $2.00 wagered." This is an example of using the top figure as a "power rating," or singular measure of a horse's ability. In horse racing, power ratings are generally called class ratings.
Also known as a race book (form guide in Australia), which in this case is a small booklet issued for use at a race meeting. A typical racecard lists information not only about the horse's name, but also its age and the weight it has to carry in the race. The rider and trainer are listed, plus figures indicating the horse's recent form.
According to Timeform, one of its ratings represents "the merit of the horse expressed in pounds and is arrived at by careful examination of its running against other horses using a scale of weight for distance beaten which ranges from around 3 lb a length at five furlongs and 2 lb a length at a mile and a quarter to 1 lb a length at two miles".
Behind the betting windows at Ascot racetrack, Australia February 1939. An automatic totalisator is a device to add up the bets in a pari-mutuel betting system. The whole of the pot (the stakes on all competitors) is divided pro rata to the stakes placed on the winning competitor, and those tickets are paid out.
The company was founded by Harry L. Straus, a computer engineer from Baltimore, who became interested in developing a fairer system of calculating and displaying odds and payouts on parimutuel betting after an incident at a Maryland racetrack in 1927. When a horse listed at 12:1 odds won, but paid off at 4:1, Straus recognized the need for a ...
Form is arranged chronologically from left (oldest) to right (newest). So, in the example above, the horse Mill Reef gained a fourth place, followed by a third, then took some time out from racing, then gained a second followed by falling in the next race, and its latest result was a win.
As with all other American racing wagers, the "double" is conducted in parimutuel fashion, but with the number of betting interests in the daily double pool equal to the product of the number of entries in each race. For example, if there are 10 entries in the first race and eight in the second, there will be 80 betting interests, one for each ...
Group races, also known as Pattern races, or Graded races in some jurisdictions, are the highest level of races in Thoroughbred horse racing.They include most of the world's iconic races, such as the Derby, Irish Derby and Prix de l'Arc de Triomphe in Europe, the Melbourne Cup in Australia, and the Kentucky Derby and Breeders' Cup races in the United States.