Horse Racing

Created by: Kathryn Rodriguez

Presented by: Julio Magana & Chelsea Knowlden

Peta Videos and Jocky Testimony at bottom of page.

Background Information:

Horse Racing is a worldwide sport and was the first legal form of gambling. In 1665, the first racetrack was constructed on Long Island. It is the oldest Thoroughbred race in North America. The American Stud Book was started in 1868, prompting the beginning of organized horse racing in the United States.

Probability: 25 horses, 5 tracks, 3 winners (1st, 2nd, 3rd)

5 Races of 5 Top horse of each race moves on to final race

5 horses in final for, 1st 2nd & 3rd place

Odds of winning first round is 1 / 5

If you move on, odds of winning first place is 1 / 5

Total probability of winning 1st place is 1 / 5 *1 / 5 =1/25

Total probability of winning any place is 1 / 5 * 3 / 5 =3/25

Horse Racing Odds:

How much do I win?

Approximate Win Payoffs Based on $2 Wagers

Odds: Explanation

Odds: The odds on the tote board are based on win wagers. They reflect the odds to $1 unless otherwise indicated. It is easy to calculate approximate payoffs. If the odds are “4” (as in 4-1), double the odds and add your $2 wager.

For example, a $2 win bet on a 4-1 horse will pay $10 (4 * $2 = $8) + your $2 wager = $10.

Multiple Wagers: Multiple wagers consist of Daily Double, Pick 3’s, Picks 4’s, Pick 6’s and Place Pick All’s. The larger the number of bets the harder it is to pick, as well as the greater the payoff. For these bets, it is recommended to take several combinations of horses in each race to increase your chances of winning (although it does increase the cost).

Source: Horsemen’s Park

How to play:

Step 1. Buy a Racing form

Step 2. Check for two things, Beyer speed figure and Layoff

Step 3. The beyer speed figure is the most powerful tool when selecting a winner, it measures how fast a horse runs, and takes account to how fast the surface is.

Racing Form

Things to remember:

  • The racing form is an easy tool to use; the higher the beyer speed figure the faster the horse is.
  • The layoff is how long The horse has been off between races a 30-60 day gap between races is a good break for the horse; and it should be in prime condition to win the race depending on the track.
  • A break that last 90 days or longer is considered too much and the horse might not be in peak condition to win.
  • If a horse does well after a 45 day layoff it’s considered a good bet and is in even better form to win the next race.

Risk & Reward:

The risk and reward factor are what makes the game addictive for gamblers. Gamblers bet hundreds of thousands of dollars in a bet and even though they win, they are still losing. Being addicted to gambling impacts people's home lives, jobs, and even personal relationships.

Explicit Content: Only for Mature Audience

Viewer discretion is advised

Video Provided by Peta

Horses on Lasix:

Lasix (furosemide) is a loop diuretic (water pill) that prevents your body from absorbing too much salt. This allows the salt to instead be passed in your urine. Lasix is used to treat fluid retention (edema) in people with congestive heart failure, liver disease, or a kidney disorder such as nephrotic syndrome.

Testimony of Gary Stevens

Types of Races:

In the United States, Thoroughbred flat races are run on surfaces of either dirt, synthetic or turf. Other tracks offer Quarter Horse racing and Standardbred horse racing, or combinations of these three types of racing surfaces. Racing of other breeds, such as Arabian horse racing, is found on a limited basis.

Winning the Jackpot:

Derby Jackpot is a legal, easy, and fun way of betting on horse races in the United States. Evidently, there is a loophole in the Unlawful Internet Gambling and Enforcement Act of 2006 that makes an exception for horse racing.

"What happens to the horses after they can't win anymore?"

Viewer discretion is advised

Explicit Content: Only for Mature Audience

Video provided by Peta

Every bet has a risk but when you gamble on horses you are not only putting yourself at risk for addiction and financial issues, but you are also putting the horse at risk for brutal abuse and even slaughter.

Google Slide show link of our information:

https://docs.google.com/presentation/d/1QpVUeFgBQK1i69b1ahN04sobPxw1hUmMbVM_qAueQeg/edit#slide=id.p

Credits:

Created with images by inekehuizing - "Horse Races_005" • donnierayjones - "Horse Race - Louisiana Downs" • kellinahandbasket - "Betting Terms for Horse Racing"

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