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The Hong Kong Jockey Club now offers individual gamblers tools to help them mimic the betting patterns of the syndicates. Photographer Xyza Bacani for Bloomberg Businessweek. Thirty-two years after he first arrived in Hong Kong, Benter is still betting on horses at venues around the world. He can see the odds change in the seconds before a race as all the computer players place their bets at the same time, and he’s amazed he can still win.

He continues tinkering with his model. Horse racing bets in Hong Kong reached a record HK billion billion in the past season as the race organizers poured wine and hosted concerts to attract younger punters to its events. Revenue in the 13 season rose 9 percent from a year earlier, surpassing the previous record set in the 97 season, Hong Kong Jockey Club said in a statement on its website.

The 83 races drew over two million attendees, according to the statement.

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The racing year was one of the best seasons we’ve had, ever, said Winfried Engelbrecht-Bresges, chief executive officer at the Jockey Club. Ifyou bet long enough on horses,you will lose money.

There are lots of factors that gointo a horse winning or linfographik.com favorite doesn't always win. In his first year of betting,I think he lost, In a parimutuel system, inthis case the Hong Kong JockeyClub, the odds are determined by the action. So the number ofpeople betting on each particularhorse, and the sums they bet, determine the odds. And what they did, alongsidedeveloping predictions, was findways of really carefully trickling their money into the market if there's a certain amountin the pot and you go and puta huge amount on a particular horse, you're actually goingto affect how much money youcan make back because you're going to swing the market so much towardsa particular horse. Photographs by Justin Chin for Bloomberg.

The Hong Kong Jockey Club enjoys a monopoly on horse racing wagers, lotteries and football betting in return it is Hong Kong’s largest taxpayer, giving the government cents on every dollar of its winnings in taxes. About HK billion 13 billion was bet during the to racing season. Wednesday night races are held at the Happy Valley Race Course in the heart of the city, in what was once a swampland.

The HKJC is the first racing club in the world to employ advanced-odds calculations for betters. Trainers ride horses during an early morning workout on the all-weather dirt trac. Hong Kong offers more data on horses than other venues, including the only consistent publishing of veterinary reports, said Ron Luniewski, president of Xpressbet, a Washington, Pa.-based company that provides online betting.

I give them a lot of credit for that," he said. In a lot of ways, Hong Kong racing is the gold standard globally. Commingling now accounts for about 6 percent of the Jockey Club’s betting income, according to Richard Cheung, head of marketing, and is forecast to top 10 percent by the end of the decade.

Hong Kong is a very small place, Che.

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Kit Chellel "The Gambler Who Cracked the Horse-Racing Code" Bloomberg Business. A case study using neural networks algorithms Horse racing predictions in Jamaica. Hong Kong and Macau under one country, two systems. Betting on horse racing or horse betting commonly occurs at many horse races.

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It started in the UK in the early s during the reign of King James I.

Gamblers can stake money on the final placement of the horses taking part in a race. Gambling on horses is, however, prohibited at some racetracks. For example, because of a law passed in, betting is illegal in Springdale Race Course, home of the nationally renowned Toronto-Dominion Bank TD Bank Carolina Cup and Colonial Cup Steeplechase in. The billionaires of Hong Kong live in mansions in secluded neighborhoods, bet big money on horse races, and dine at the city's 82 Michelin restaurants.

According to Bloomberg, "horse racing is something like a religion in Hong Kong, whose citizens bet more than anyone else on Earth." Getty Images. During the season alone, Hong Kong horse racing garnered billion in bets. Source South China Morning Post.

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To be a world leader in the provision of horse racing, sporting and betting entertainment, and Hong Kong's premier charity and community benefactor. Hong Kong horse page with past performances, results, pedigree, photos and videos. Hong Kong horse rating and status. See who is a fan of Hong Kong. Hong Kong’s population was then about million, but it bet more on horses than the entire US, reaching about US10 billion annually by the Hong Kong racing uses a pari-mutuel also known as totaliser system.

Unlike odds in a Vegas sportsbook, which are set in advance and give a decisive edge to the house, pari-mutuel odds are updated fluidly, in proportion to bets being made. The following year, the Hong Kong Jockey Club phoned Benter at an office he had established in Happy Valley.

He winced, remembering the meaty hand of the Las Vegas pit boss on his shoulder.

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Additional reporting Jonathan Browning and Giles Turner. Bets on horse races in Hong Kong are poised to exceed wagers at Nevada’s casinos for a second straight year, with the city’s sole legal outlet for gambling seeking to lure punters from neighboring Macau. The CHART OF THE DAY compares the Hong Kong Jockey Club’s annual betting totals with gaming revenue from Nevada’s casinos.

Wagers of HK billion 12 billion from 83 horse-race meetings in the fiscal year to June 30 were 19 percent more than Nevada’s combined take in the 11 months through May. Bets at the club, set up in when Hong Kong was under British rule, exceeded those in the U.

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Hong Kong authorities have done little to block’ international bookmakers from entering the market. Online betting sites are accessible in Hong Kong, and international bookmakers continue to entice locals with excellent promotions for new members.

Authorities are disinterested in prosecuting individual bettors and are, of course, actively chasing the ringleaders of underground casinos and gambling hubs instead. For many years the only legal betting available in Hong Kong was at horse racing tracks. This changed in the s when off-track bookmakers were opened in response to the amount of illegal gambling taking place.

These were run by the Hong Kong Jockey’s Club, a group who still control all regulated betting activities in the country. Bet Hong Kong Jockey Club HKJC horse racing from Happy Valley Sha Tin with linfographik.com, US Legal online wagering.

The Hong Kong Jockey Club's races attract elite horses from all over the world, resulting in a premier racing product and the world's largest pari-mutuel wagering pools. Combined, the Sha Tin and Happy Valley racetracks host 83 live racing dates annually, with fixtures held from mid-September through mid-July.

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Hong Kong Bet is a b gelding male from Australia trained by A S Cruz, who is based at. He is sired by the stallion Smart Missile out of the dam Dublin Me Bet. Hong Kong Bet has managed to win 3 races in his career so far. On Jul at Happy Valley, Hong Kong Bet scored his most significant win to date, getting the money in the Let Me Fight Hcp c3.

He has proven a profitable horse for the punters over the journey. If you had backed Hong Kong Bet throughout his career you'd have achieved a 93 return on investment.

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TRIAL Conghua Turf Sep m GOOD R1. HONG KONG AP - The Hong Kong Jockey Club, a year-old local institution steeped in history and tradition, is facing a decidedly modern threat glitzy new casinos being built by Las Vegas operators in nearby Macau.

The new competitors are draining away at least 20 billion Hong Kong dollars US billion billion a year in betting revenue, or 20 percent of its annual take, estimates Chief Executive Officer Winfried Engelbrecht-Bresges. Burn said Betfair doesn’t take bets on Hong Kong horse races. Many gambling websites are based in locations such as Vanuatu or Curacao where outside authorities are powerless to shut them down.

They don’t pay racing levies or share revenue with race operators and hence can offer better odds.

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The Hong Kong Mile always draws the best horses to HK and Horse Betting has delivered your full guide to the event. The exception being Maurice in which made a lot of history during its great career, including winning the HK Mile as a four year old. The betting on the Hong Kong Mile is dominated by Season’s Bloom with the five year old fitting the right age profile and has miles in its legs. Having said that the huge purse on offer has some gun horses competing for the title.

Bet Up to in Bet Credits for new customers at bet! Deposit 75, bet with read review Bet Now. No odds are available for the Hong Ko. Hong Kong horse gambling was run by private clubs but the ultimate beneficiary was the government in the form of 10 percent of all tax revenues.

And, the house made its money not by winning against the customers, but by taking 17 percent of the total pool as a commission. Benter fed his statistical model with about 17 data points about the history of every horse in every race he planned to bet on-things like the number of days that elapsed between each horse's run, and how that affected its performance. He and his colleague posed for a photo with the winning betting slip, Chellel writes, and then just put it in a safe deposit box.

He'd never get around to cashing it out. If nobody claimed the jackpot, Benter knew, it would be donated to charity. The Hong Kong-listed shares of the lender, one of China’s big four state-controlled banks, have seen mainland inflows of HK billion million over the past 19 sessions through Aug.

14, based on the latest data compiled by Bloomberg. That’s more than 17 of Chinese investors’ total spending during the buying streak. A low valuation and healthy dividend yield make it attractive, said Terry Sun, a Hong Kong-based analyst with CMB International Securities Ltd. China Construction Bank’s A shares traded at about a 40 premium over the Hong Kong-listed shares last week, the biggest gap among.

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Hong Kong has two horse racecourses Sha Tin and Happy Valley.

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Bot are very convenient to reach by MTR. Besides arranging the famous horse racing, the Kong Jockey Club provides other sporting and betting entertainment in Hong Kong. Did you know that during the Olympic Games of Beijing, the facilities and international world-class race course of Sha Tin was used for the equestrian competitions. Data collection and processing for Hong Kong horse racing and betting.

Crawler horse-racing data-science. Want to be notified of new releases in WagJKhorse-reports.

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Once in Hong Kong, mainland tourists don’t need a separate visa to board the casino ships, which is an added benefit for businessmen looking to stay incognito.

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Everyone knows that Macau is closely monitored by the central government, CLSA Ltd. Analyst Richard Huang said in an email. The boats also benefit from tax relief. For more, check out Bloomberg News.

Possible Casino Gaming in Japan. Nearly two weeks ago, Tokyo, Japan won the bid to host the Summer Olympic Games, and casino developers see this as an opportunity to get a casino resort built in the Land of the Rising Sun. Currently, Japanese citizens can place bets on horse races, bicycle races, motorboat races, and lotteries. Hong Kong has always been an attractive destination for the biggest and best names in the world of horse racing.

We’ve just had the International Races this December, and the racetracks of Sha Tin and Happy Valley always offer top-notch entertainment, exciting racing, and excellent betting opportunities for punters. And the good news for UK gamblers is that this is a market now accessible, thanks to a deal between Hong Kong’s racing authorities and three of the UK’s biggest bookmakers Ladbrokes, Coral, and Betfred. With this in mind, we thought we would take a look at the Hong Kong betting market, and explain some of the things you need to watch out for.

Read on to find out more in our guide to Hong Kong horse racing. Understanding Horse Racing Betting Online. Bookmakers give good offers to new clients or old clients to help in preserving their loyalty. The welcome offers may be bonuses or promotions after betting with a specified amount. Refunding money offers for first bets is also tempting incentive site use to leverage customers. Betting on a horse to win money is not the only way to invest. You can choose a different bet type.

Punters win rewards by predicting on a horse to finish in any of the top three positions one, two or three. The good news is that with betting tips horse racing, you st.

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Looking for Hong Kong sports betting online? You’ve come to the right place. Our experts will show you where to bet, how to bet, and explain the best way to discover the best odds and biggest bonuses on a range of sports. Here, you’ll find The best sports betting sites in Hong Kong.

The biggest sports betting bonuses for new players. Horseracing Place wagers on all of the biggest horse races around the world. Hong Kong bookmakers offer markets on the Epsom Derby, Japan Cup, Melbourne Cup and Kentucky Derby among others.

E-Sports Tournaments E-sports is an emerging market at Hong Kong sports betting sites which allows you to place real money wagers on virtual gaming.

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Bet on e-sports, including Dota 2, CSGO, League of Legends and more. Bloomberg Customer Support Internship - Hong Kong.

An interest in progressing a career within Bloomberg. Life at Bloomberg is many things, but it is never dull! Bloomberg is a disability inclusive employer. Bloomberg TV is seeking an ambitious self-motivated, hard-working news editor to join our Asia-Pacific News Desk 30+ days ago. Save jobmore View all Bloomberg jobs in Hong Kong - Hong Kong jobs.

Learn more about working at Bloomberg. Financial Research Data Analyst Internship - Hong Kong. Bookmakers, betting exchanges and parimutuel systems all adapt to deal with long-term winners. Your window of opportunity is limited. Already bookmakers have good systems for identifying true odds for English Premier League games and make a tidy sum on over-rounds profit margins as thin as 3 because they can eliminate value. I know that algorithmic betting on horse racing is popular in the UK via exchanges like Betfair.

Does anyone know if there is an exchangeAPI for Hong Kong horse racing? Squozzer on May 3, The story gripping, the take lucrative.

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Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, January 11 - Save - Send to a friend. Bloomberg Customer Support Summer Internship - Hong Kong. First impressions can make or break a client's perception of an organization. At Bloomberg, our products are fueled by powerful information.

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Betting odds for all horse racing leagues in Hong Kong. Find the best and latest dropping odds changes, live scores, standings and fixtures. Live comparison service provided by Hot-Odds.

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Betting on horse racing or horse betting[1] commonly occurs at many horse races. Gamblers can stake money on the final placement of the horses taking part in a race. Gambling on horses is, however, prohibited at some racetracks one such is Springdale Race Course, home of the nationally renowned Toronto-Dominion Bank TD Bank Carolina Cup and Colonial Cup Steeplechase in Camden, South Carolina, where, because of a law passed in, betting is illegal. Where gambling is allowed, most tracks offer parimutuel betting where gamblers' money is pooled and shared proportionally among the winn.

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Top Hong Kong Horse Tracks See reviews and photos of horse tracks in Hong Kong, China on TripAdvisor. There is a helpful betting board for novices and you can place a variety of different types of bets for fun for each numbered race a race booklet with horse info is also available for the evenings racing. It is easy to get to the racecourse with a 15 minute walk from Causeway Bay station, a 5 min tram ride from Hennessy Road, or you can take a bus or taxi but note that road traffic can be very congested at times.

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Bill Benter, is a reserved unassuming and media shy pittsburg resident who made almost 1 billion dollars by gambling on horse races.

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Clearly the Hong Kong government takes illegal betting seriously as these are serious penalties. This site does not advocate any Hong Kong resident betting illegally. As mentioned, most reputable online sportsbooks will not accept registration from customers whose home addresses are in Hong Kong.

I know this well because I have reviewed the best sportsbooks for each market as addressed in my network of sites that you can see at the bottom of this site. However, if you are a Hong Kong resident, and travel outside Hong Kong on a regular basis and are.

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Hong Kong - April Hong Kong, Crowd and people gathering for gamble betting in Happy Valley horse racecourse.

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Can anyone let me know if there are betting shops in Hong Kong? In Australia we have TABs and just wondering if they have an equivalent over there. If it is the horse racing, you may find it very useful to read up before you go, so you understand the variety of wagers win, place, quinella, tierce, etc. The Jockey Club website has a wealth no pun intended of information. - Message from TripAdvisor staff.

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Betting on horse racing or horse betting commonly occurs at many horse races. Gamblers can stake money on the final placement of the horses taking part in a race. Gambling on horses is, however, prohibited at some racetracks one such is Springdale Race Course, home of the nationally renowned Toront.

During the racing season the Hong Kong Jockey Club attracted about HK million US million per race more that any other track in the world. The revenue the club generate from various wagers makes it the largest taxpayer for the government. Hong Kong Jockey Club broke its own record during the season with a turnover of HK billion and paid the government HK billion in duty and profits tax, an all-time high.

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Horse Betting Guide HorseBetting helmik. Seuraa Seuraa kyttj HorseBetting Seurataan Seurataan kyttj HorseBetting l seuraa l seuraa kyttj HorseBetting Estetty Estetty HorseBetting Poista esto Poista esto kyttjlt HorseBetting Odottaa Odottava seuraamispyynt kyttjlt HorseBetting Hong broke its own record during the season with a turnover of HK billion. 0 vastausta 0 uudelleentwiittausta 0 tykkyst.