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Horseracing differs from casinos

Horseracing differs from casinos in that it is really much more of a game of skill and of form. When one is at a casino, the chance of red or black coming up is 50% each time and if there are 36 numbers then each number has an equal chance of coming up. The same cannot be said of horseracing where some horses have little or no chance in every race and all things being equal, with luck in running, the best horse will win.

All things are not equal because where horseracing does become more complex is when handicapping is introduced so as to give all horses an equal chance, largely for betting purposes, so that the better horses carry more weight. The best betting opportunities, from a horseracing point of view, always come in races where a horse has not won before, where all the horses carry equal weight or in an equal weights race, where one horse stands out above the rest and they all carry the same weight. That unfortunately for me was the case in the recent SA Fillies Classic, a R1 million race which was run at Turffontein. The hot favourite in the race was a horse called Cherry on the Top and I told friends and everybody who would listen, that at 8/10, Cherry on the Top was the best bet of the year as far as I was concerned. I had the second favourite in the race, Do You Remember, and I told my friends based on the interviews given by the trainer of Cherry on the Top, as well as the form of that horse, my horse would be beaten by 5 lengths at least by Cherry on the Top. That is precisely what happened in the race, Cherry on the Top romped away to a 5 ½ length victory over my filly Do You Remember and is now eligible for a R1 million bonus if she can repeat the performance on 27 April 2013 in the SA Oaks. I think she will, but what this really does illustrate is that racing, especially at level weights, is fairly predictable, to the extent that I was even able to predict the actual winning distance.

Unfortunately, very few races are run at level weights, and of course there are always going to be factors such as luck and running and dramas that can happen, but in racing, unlike in a casino, all things being equal, the best horse does finish first and the second horse finishes second and it is not just random as to what number or colour comes up. On the other hand when like me you have the 2nd best horse you wouldn’t mind if the better horse carried those extra 6kgs, which she would have to do in a handicap, to give mine a winning chance!
 

Posted by Michael de Broglio on Friday 19-Apr-13 Share on Facebook   Tweet It

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Comments

Sarah  said:
on Thursday 25-Apr-13 05:59 AM
I am not much of a gambler but I do enjoy watching the horseracing.

Yolandi C  said:
on Tuesday 23-Apr-13 12:59 PM
I love being outdoors and that's exactly why I prefer horseracing over casinos. Also I like that there's a lot of tradition and history behind horseracing.

Sundome  said:
on Tuesday 23-Apr-13 11:57 AM
I find horse racing very interesting , I will love to be able to watch it live even though I am not a gambler its still exciting.

sheena  said:
on Tuesday 23-Apr-13 11:26 AM
don't know much about horse racing but people who do take it up very seriously seem to enjoy it but gambling is not for me.

salomie   said:
on Monday 22-Apr-13 01:00 PM
The race is exciting to watch, as to the betting side of it, I would rather keep away.

Sinead  said:
on Monday 22-Apr-13 08:12 AM
My grandfather used to be a big horses man. My uncle is as well. I don't like the idea of gambling and it doesn't interest me much but it would be nice to go to The Durban July once in my life. I love seeing sports live - it is always more exciting

Juliet  said:
on Monday 22-Apr-13 08:00 AM
There are many aspects to consider when deciding which horse to bet on and how much to place on that bet and unless you are well read and experienced and exposed you will simply be betting like you would at a casino and like so many do at the July.

Yolandi P  said:
on Monday 22-Apr-13 06:08 AM
Horse racing is fun to watch and can be very exciting when you are routing for a specific horse to win, but Im with Jessica on this; staying away from gambling sounds the like the best bet.

Julie  said:
on Friday 19-Apr-13 03:53 PM
The only times I get excited about horseracing is when one of your horses run. I don't grasp the sport, I wouldn't know what to bet or even how. Should I bet on a horse without inside information, I would choose the prettiest name. That is one thing that amazes me - where people get their names for horses from...

Cherise  said:
on Friday 19-Apr-13 03:01 PM
I have to agree with Jessica, although the odds maybe better then actually gambling in a casino, Its still Gambling so I rather stay away from it all.

Caron  said:
on Friday 19-Apr-13 02:35 PM
Love horse racing and the technical analysis of who to bet on, however, performance enhancing drugs such as steroids should be outlawed - watching a retired race horse go through the withdrawal for an average of six months is a pretty sight. Thankfully my boy's wasn't that extensive!

Benita  said:
on Friday 19-Apr-13 02:10 PM
Horse racing is a lot more predictable as shown in that one episode of the Mentalist if you are an expert. I still wish my parents bet on the horse that I chose when we were lying in bed watching the Durban July as this horse actually won the race. I just chose her because she was a mare though not because I'm an expert

moenisha  said:
on Friday 19-Apr-13 01:59 PM
I hav eno understanding of horse racing however I do love horses

Jessica  said:
on Friday 19-Apr-13 01:57 PM
Well if you look at black jack you really have to be smart to play that. But I rather stay away from gambling in a whole.

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Johannesburg based attorney specializing in personal injury matters including Road Accident Fund claims and medical negligence matters. My interests include golf, reading and the internet and the way it is constantly developing. I have a passion for life and a desire for less stress!
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