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Jockey Challenge is a betting option in horse racing in Hong Kong.. Jockey Challenge involves using a Fixed Odds bet type. Once a bet is placed, the dividend is calculated according to the odds fixed at the time the bet is accepted and will not be affected by any subsequent change in odds.
Benter then met with Alan Woods, a like-minded gambler whose expertise in horse racing complemented his own in computers. The two became racing partners and in 1984, moved to Hong Kong. [3] Starting with US$150,000 (equivalent to US$439,910 in 2023), the pair relied on their mathematical skill to create a formula for choosing race winners. [2]
Hong Kong generates the largest horse racing revenue in the world and is home to some of the largest horse betting circles including the Hong Kong Jockey Club founded in 1884. In 2009, Hong Kong generated an average US$ 12.7 million in gambling turnover per race 6 times larger than its closest rival France at US$2 million while the United ...
The Hong Kong Jockey Club (HKJC) was founded in 1884 and is one of the oldest institutions in Hong Kong. In 1960, it was granted a royal charter and renamed The Royal Hong Kong Jockey Club (英皇御准香港賽馬會). The institution reverted to its original name in 1996 due to the handover of Hong Kong in 1997. Membership of the club is by ...
Woods retired from professional blackjack in 1982 and focused on horse betting in Hong Kong due to the small pool of horses. There, he met Bob Moore and Bill Benter . Benter and Woods worked on a computer model "based on mathematics, to choose race winners based on formulaic consideration of track, form, weather and other factors". [ 8 ]
A list of notable flat horse races which take place annually in Hong Kong, under the authority of Hong Kong Jockey Club, including all conditions races which currently hold Group 1, 2 or 3 status. [1] [2]
The area was previously swampland, but the only flat ground suitable for horse racing on Hong Kong Island. To make way for the racecourse, Hong Kong Government prohibited rice growing by villages in the surrounding area. The first race ran in December 1846. Over the years, horse racing became more and more popular among the Chinese residents. [3]
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