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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. Essentially, it implements a system of starting price (SP) betting.
For American Quarter Horse racing, the Speed index rating system is used. The Beyer Speed Figure is calculated by looking at the final time and distance of the race, adjusted by the track variant, which is a measure of the inherent speed of the racetrack in question.
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 ...
The Thoroughbred Racing Associations formed in 1942 as the United States' entry into World War II created a potential halt to horse racing in the country, Alfred G. Vanderbilt Jr. began to develop the formation of a commission of racetracks. [2] At the time, Vanderbilt was the president of Pimlico and Belmont Park. [2]
Thoroughbred racing is a sport and industry involving the racing of Thoroughbred horses. It is governed by different national bodies. It is governed by different national bodies. There are two forms of the sport – flat racing and jump racing, the latter known as National Hunt racing in the UK and steeplechasing in the US.
The Thoroughbred Corporation is a Thoroughbred horse racing and breeding operation established in 1994 by principal partner Prince Ahmed bin Salman of the Saudi Arabian royal family. It was based at an 18-acre (73,000 m 2 ) facility at Bradbury Estates, in Bradbury, California .
The Jockey Club is the breed registry for Thoroughbred horses in the United States and Canada. It is dedicated to the improvement of Thoroughbred breeding and racing and fulfills that mandate by serving many segments of the industry through its subsidiary companies and by supporting numerous industry initiatives.
The Horseracing Integrity and Safety Authority (HISA) is a private self-regulatory organization that regulates the sport of Thoroughbred horse racing in the United States. It is empowered by the federal Horseracing Integrity and Safety Act of 2020 to propose and enforce regulations related to safety and anti-doping aspects of the sport.