Understanding The Kentucky Derby For Horse Racing Novices

Posted by: Ross Everett  /  Category: Gambling

Although the Breeders’ Cup is nipping at its heels, without a doubt the Kentucky Derby is the biggest horse race of the year in the United States. This is a race that attracts many fans from the general public that typically don’t follow horse racing. A thorough understanding of horse racing, and which horses will win and why is a complex discipline that requires extensive specialized knowledge.

A true fluency in horse racing takes extensive study, but here are a few concepts that can help anyone better understand and enjoy the Kentucky Derby. Until recently, the Derby was a race dominated by the favorite. Since Spectacular Bid won the Derby in 1979, however, you can count the favorites who’ve won the race on one hand with fingers left over. In other words, the easiest way to pare down the field for a horse racing novice is to simply eliminate the popular favorite from consideration.

So why has the favorite done so poorly in recent years? One theory suggests that it is a by-product of the hype surrounding the race. Novice horse fans back the favorite, making it more of a popularity contest than anything else. The reality is that the horse with the most hype is not always the best horse.

Post position is also something that the horse racing neophyte should pay attention to. Obviously post position number 1 is an advantage relative to the outer ones, but it hasnt been a strong edge over the other inside positions. Twelve Derby winners have had the #1 position going into the race (the most of any position) but positions #4 and #5 have had ten winners each. In terms of percentages, positions #1 through #5 have yielded 49 winners (or just under 40%). On the other hand, the outermost positions (#11 through #20) have had just 16 winners (or just under 13%). It is important to note that theres not always that many horses in the race, which would obviously result in few higher posts winning. Still, concentrating on horses with favorable post positions is another way to pare down a field that you know little about.

A horse’s lineage and breeding is also an important factor in the race. While this may be the most complex and demanding area of horse racing, there is a simple rule of thumb that can help a novice for this race. Most high level race horses are born in Kentucky. Well over 80% of Derby winners have also been born in the Bluegrass State. So just eliminate all horses that weren’t born in Kentucky. Then consider a horse’s gender and eliminate any horse that isn’t an intact male (geldings and fillies). Over 90% of all Derby winners have been intact males, though a gelding did win the race in 2003 (Funny Cide). For the horse racing novice, however,this is another good way to pare down the field.

Don’t forget to consider dosage index numbers. These are a complex mathematical formula that measures a horse’s breeding lineage plus his past performance. You want to look for horses with a dosage index of 4.00 or less–over half of Derby winners have met this criteria since dosage numbers came into common usage in the mid 1980′s.

If you want to learn about horse racing in more depth, there are countless books available to introduce you to the subject. For a recreational fan who just wants to have a better understanding of the Kentucky Derby, these rules can help.

Ross Everett is a freelance sports writer and respected authority on World Cup betting. His writing has appeared on a variety of sports sites including sports news and sportsbook directory sites. He lives in Las Vegas with three Jack Russell Terriers and a kangaroo. He is currently working on an autobiography of former interior secretary James Watt.

The Strange Life Of Poker Legend Stu Ungar

Posted by: Ross Everett  /  Category: Poker

One of the cruel ironies of human existence is that bountiful gifts are often given to those who cannot handle them. Beauty and money come immediately to mind, but talent in a particular discipline is often bestowed upon those who cannot maximize it to its greatest potential. Still others are unwittingly destroyed by some trait or characteristic that makes them exceptional. That’s what makes an athlete like Michael Jordan so exceptional-seldom are awesome talent, desire, discipline and dedication found in the same package in such prodigious abundance. The mass of humanity often reaps the benefits of their talents despite their external flaws. Such was the case with poker great Stu Ungar, who was found dead in his room at the Oasis Motel in Las Vegas on November 22,’98.

The only way to accurately describe Ungar’s poker skills is to evoke a sports metaphor–Ungar’s skills at the card table were like those of Michael Jordan or LeBron James on the basketball court. Ungar’s greatest accomplishment was his three World Series of Poker victories, an accomplishment not far removed from Michael Jordan’s six NBA titles. While countless volumes have been written on poker strategy, Ungar’s understanding of the game was almost instinctive. Although he won millions playing poker, the amazing reality was that it was essentially a ‘plan C’ for him as a professional card player. He started as a Gin Rummy prodigy, but quickly ran out of willing opponents in his native New York. He then moved to Nevada, and cleaned out the gin players in the Silver State. He turned to blackjack out of necessity and was almost instantly successful, only to be barred as a card counter at a number of Las Vegas casinos. Needing a new way to earn money as a card player, he took up poker.

The cruel irony of Ungar’s life, however, was that masterful as he was at the poker table he was equally as inept at life beyond the casino walls. He was addicted to drugs for most of his life, and gambled away millions betting on sports and golf (a game he played despite being horrible at it). After his WSOP win in’97, he was nearly broke and wasted away from drug use by the time the’98 tournament rolled around. Vegas casino owner Bob Stupak bankrolled him, but as the games began Ungar cowered in his darkened hotel suite at Binion’s unable to pull himself together enough to play.

Other stories of Ungar’s troubled life away from the poker tables evoke the same theme: buying a new Mercedes with cash after a WSOP victory and driving it until it fell apart from lack of maintenance; signing mortgage papers as he played in the Dunes poker room; losing 1.5 million dollars betting on sports in the course of a weekend.

Ungar’s death came as something of a shock as he’d shown signs of cleaning up his act. Longtime friend Bob Stupak and helped pay off his debts and staked him in the major poker tournaments. Ungar was found dead two days after the two had drawn up a formal contract. Ungar also left behind an ex-wife and a teenage daughter, who still live in Las Vegas. Though the official cause of death was listed as a ‘heart attack’, there were a mixture of drugs found in his system including cocaine and methadone.

Most of the famous gamblers of Las Vegas legend-guys like Puggy Person and Doyle Brunson– have been tough, larger than life individuals with a healthier than normal dose of self-preservation skills. In this respect, Ungar was an anomaly among gambling greats-he was physically frail and almost completely helpless away from the poker table. With a handful of cards and a pile of chips, however, he became a ruthless and indomitable warrior. His story is certainly not one that the modern day, publicity conscious Las Vegas will celebrate. He will be remembered, however, as part of the tradition that gives the city its unique character. From the mobsters that pioneered the city, to the Rat Pack that civilized it, to the corporations that cleaned it up, characters like Stu Ungar have provided the spice that makes Las Vegas America’s ‘Paris in the desert’. Ungar may never have a statue on Fremont Street, but his spirit will live on.

Ross Everett is a widely published freelance writer who covers travel, poker and sports handicapping. He is a consulting handicapper for Anatta Sports where he is responsible for providing daily free sports picks. In his spare time he enjoys fine dining, fencing and scuba diving. He lives in Southern Nevada with four dogs and a pet coyote.

An Introduction To Horse Race Betting

Posted by: Ross Everett  /  Category: Gambling

Sports gambling is a popular pursuit because everyone understands the basics of how teams win and lose and why. Horses, meanwhile, are an entirely different animal”no pun intended. It is a complex discipline unto itself, and a sound background in handicapping sports doesn’t insure success, or even mediocrity in handicapping the ponies. In fact, the history of sports betting is replete with successful gamblers that had a weakness for horse betting, with an emphasis on the word weakness. Most notable, perhaps, is the former resident handicapper at CBS, Jimmy The Greek Snyder. The story goes that The Greek was a first rate sports handicapper, but he couldn’t pick the winner of a one horse race when playing the ponies. The bad news for The Greek is that he enjoyed playing the ponies nonetheless, and often frittered away the money he won at the other end of the sportsbook.

Were not going to suggest that the information here even scratches the surface of what you need to know to become a serious horse handicapper. There are countless books, DVDs and other media that you should check out if this is your goal. If you’re interested in simply knowing the basics so that you can enjoy a day at the track, here are some basic concepts of horse handicapping:

Reading in Fundamental: The first thing you should do when you arrive at the horse track is to purchase a track program and a copy of the Daily Racing Form. The Daily Racing Form (or DRF for short) is the Wall Street Journal of the horse handicapping set. The track program will offer much of the same information about the specific track, but is frequently in a more user friendly format than the often arcane DRF. The basic stats you’ll find in these publications are the names of the horses, jockeys and trainers, the morning line odds, and the types of bets available for each race. You’ll also have past performance charts, which are the bread and butter of serious horse handicappers. These charts reveal a lot about a horse and what they’ve done on the racetrack, including its record, where it ran, the quality of competition it ran against, and what position the horse was in at various points in the race. Most tracks have customer service types that are helpful in clearing up anything you don’t understand. While asking the personnel in a sports book who they like isn’t a wise idea, its OK at the track for a reason well now discuss”you’re not playing against them.

The House Doesn’t Care Who Wins: One thing that is important for the sports bettor to remember when playing the horses is that its a parimutuel situation. In other words, you’re not playing against the house, you’re playing against the other bettors. The track just facilitates the betting and acts as a middleman, handling the money for a fee (15 to 25 percent of the parimutuel pool). Another difference is that the track odds are determined by how much money is bet on each horse. If everyone bets on one horse”whether it is the best horse, or just has the catchiest name”it will go off as the favorite. Long odds on a horse doesn’t necessarily indicate a bad horse, but just one that the wagering public isn’t investing in. Sometimes this can be one and the same, but not always.

The odds in the newspaper are known as the ‘morning odds’ and are essentially educated opinions. They’re not much different than ‘overnight lines’ in sports betting. They can serve a function for handicapping, but often will not reflect what will transpire when the actual betting begins.

The Basics of Handicapping: Even expert handicappers approach the sport differently and, like his sports gambling counterpart, may place greater emphasis on the importance of certain data than other handicappers. Some handicappers place a great deal of weight on a horses past performances, including the quality of opposition hes run against. Others place greater value on recent workouts, and still others go to the paddock to eyeball the horses and try to determine which ones are ready to run.

Once a bettor reaches a conclusion about what he thinks will happen in a given race, it is still subject to the odds that are available when betting. This is similar to sports gambling, where an underdog may be more attractive due to an excessively high payback potential than he would ordinary, or, conversely, a clear favorite becomes an unattractive wagering proposition due to a prohibitively high price. Its all a matter of the math–if I could speak to the teenagers of America, I’d try to impress upon them the importance of doing well in math for no other reason than its importance in all forms of gambling.

Training and bloodlines: Handicappers often focus on a horse’s breeding lineage, considering the quality of the bloodlines and the racing pedigree of his parents and grandparents. Others put great focus on a horse’s trainers. An ‘A-list’ trainer can often get the most out of a horse much in the same way an elite level NFL coach can cause a team to ‘over perform’.

Jockeys: Jockeys are independent agents, and thus to make the most money they need to win the most races. The more a jockey wins, the better ‘rides’ he gets and the more money he makes. Surprisingly, many serious horse players put minimal importance on the jockey. It’s essentially a case where even the best jockey can’t win with a bad horse. In other words, if a jockey is seen as ‘competent’ there are many other more significant factors for the handicapper to consider.

Dedication and Discipline: There’s not a set formula for successful horse handicapping, so try different things and find what works for you. And, as always, don’t go overboard with the money you wager and particularly until you get a feel for what you’re doing. If you’re interested in learning more, check out the Daily Racing Form website.

Ross Everett is a well known freelance writer specializing in travel, poker and sports handicapping. He is a consulting handicapper for Anatta Sports where he is responsible for providing daily free sports picks. In his spare time he enjoys fine dining, fencing and deep sea diving. He lives in Southern Nevada with four dogs and a pet coyote.

categories: horse racing,gambling,sports,recreation,hobbies,travel,entertainment,animals,marketing

Profitable Sports Gambling Begins With Discipline

Posted by: Ross Everett  /  Category: Gambling

There’s a strange dichotomy between the complexity of high level sports handicapping and the amount of theoretical literature on the subject. While successful sports betting is a complex and difficult pursuit, there’s very little that’s been written on the subject from a serious theoretical angle. For that reason, it can be helpful to delve into the wealth of books available to the serious poker player for insights that can be applied to sports betting.

Poker–like sports betting–can be a profitable endeavor, and one in which knowledge and skill can counteract the theoretical odds against him. Legendary poker theorist Bob Caro once noted that while there are some professional poker players, sports bettors or blackjack players there’s not a single professional roulette player.

The reason for that is that the house advantage in roulette is too high to overcome by any combination of skill, money management, strategy or discipline. To throw in another Caro concept, its a case where the decisions made by the roulette player simply don’t have a role in overcoming the house advantage. Over the long haul whether you choose red or black, even or odd the house edge remains the same.

Caro stresses the paramount importance of discipline to a poker player’s long term success and profitability. It’s important to keep in mind that to succeed as a professional gambler that you need to approach a trip to the casino with a diametrically opposite mindset to that of the recreational gambler. A recreational gambler heads to the casino to *avoid* discipline and ‘unwind’. The professional uses discipline to his advantage.

Caro’s emphasis on discipline in poker is also true for the serious sports gambler. The foundation of a professional sports bettor’s long term success is to approach it with the same discipline, rigor and professionalism that he would any other job. If you continue to think about it in the same terms as the recreational gambler does, you’re in for a difficult road. The more seriousness that you bring to your sports betting, the higher the likelihood that you’ll be successful.

There’s nothing wrong with being a recreational sports gambler, or a recreational gambler of any sort. They’re vital to those of us who do this for a living since they’re what keeps casinos and sportsbooks in business. Ultimately, the best handicapping is pointless without a sportsbook to take the action.

The life of a professional sports bettor isn’t for everyone, and if you just want to bet recreationally and have fun with it that’s great. While a few theoretical tips here and there won’t hurt, the only discipline that really matters for a recreational player is the same thing for any other hobby–don’t spend more on it than you can afford to. After that, you’re on your own to have fun with it.

Ross Everett is a consulting handicapper for Anatta Sports and is in charge of providing daily free sports picks to a variety of websites and broadcast media outlets. He is a widely published freelance writer specializing in sports handicapping, horse racing, wombat breeding and falconry. He lives in Las Vegas with three Jack Russell Terriers and a wombat.

First Casino in Singapore Opened.

Posted by: Ramon van Meer  /  Category: Casino

Singapore for a long time has been developing into a global location, and now the island city-state is opening their doors to their very first casino. The casino has opened this weekend on Chinese New Year and the cards appear as though Singapore will once again be rising, as high-rollers all over the world start to check out the city’s newest attraction.

Singapore is predicting that the Resorts World at Sentosa by Genting Singapore will greatly help the economy via tourism income. This will lead to a booast towards the luxurious services.

The resort construction of the Resorts World at Sentosa totals $4.7 billion and is the very first of two casinos that the city-state has put into operation in efforts to build reputability as a manufacturing and banking hub, hoping to take the limelight from Macau, Malaysia and Australia. And, the talk of expanding to the United States has been discussed.

The introducing of the casino has had visitors streaming in- graciously greeted by a traditional cultural lion dance. On the foyer, five employees posed as Roman statues, with 1 carrying a giant gambling chip, another a huge replica of a deck of cards, and a third a huge replica of a die.

Foreigners were in high numbers and local residents appeared as well, however, with the $70 charge to local residents, numerous passed the scene. This is all a part of the government campaign to discourage residence from the addiction of gambling.

With a rural population wealthy in millionaires, the Resorts World at Sentosa is likely to bring in a lot more to the area. At the least, the addition of the casino is likely to double visitor rate to 17 million to the city-state by 2015 building a significant increase in travel related revenues.

Want to see it with your own eyes? Fly Cheap to Singapore right now. Some travel agencies have specials going on with this great happing. To find more information on the current best deals go to Singapore Cheap Flights.

Want to find out more about Singapore Cheap Flights, then visit Lets Fly Cheaper to get the best airfare deals available.