Horse Betting Terms

Our easy-to-use mobile wagering platform is compatible on all of the most popular smartphones and tablets. Combined, the Sha Tin and Happy Valley racetracks host 83 live racing Odds Calculator & Converter dates annually, with fixtures held from mid-September through mid-July. The maximum penalty for betting with illegal or overseas bookmakers is 9 months’ imprisonment and a HK$30,000 fine. You simply add 1 to the HK odds to get the decimal equivalent.

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State and Territory laws contain a broad range of provisions relating to gambling which impose obligations on licensees, associates of licensees, staff, suppliers and sometimes customers. Federal law also applies in respect of the Interactive Gambling Act, the AML/CTF Act and the CCA. Gaming machines operate in all Australian casinos and licensed hotels and clubs .

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In that case, it tells you the amount you would need to wager in order to generate a $100 profit. American odds of -110 tell you that you must wager $110 to earn a $100 profit. You also get your stake back if you bet is a winner, so your return would be $210.

The biggest Triple Trio ever, paying a dividend of $18 million, was snagged by a pair of computer-assisted players who covered 900,000 possibilities with bets totaling $1.2 million. The top teams routinely make their fortunes through complicated parlays, quinellas, and exactas. Designing the software to do all this is a delicate operation with seemingly endless pitfalls that can disastrously skew the results. “You have to understand,” says Ziemba, “that building this system, maintaining it every week, and updating the model once a year is a lot of work.” And doing the work does not necessarily guarantee success. Benter went broke at least once before his system was efficient enough to turn a steady profit. “Every year, more and more people come here and leave with their tail between their legs,” says Dufficy.

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Liquor and Gaming New South Wales (L&GNSW) sits within the NSW Department of Customer Service and is responsible for policy, licensing and compliance. Separately, the Independent Liquor and Gaming Authority is an independent statutory decision maker responsible for a range of casino, liquor, registered club and gaming machine regulatory functions. A number of ILGA’s routine licensing functions are delegated to L&GNSW. Poker is typically played within casinos and is regulated as a table game by the State and Territory gambling regulators detailed below. However, a person may still apply for an ‘internet gaming licence’ in the Northern Territory and offer their gaming products outside of Australia in certain circumstances.

These bets are presented in respect to -100 and changes based on the probability that a team will win or lose a series. The minus sign (-) indicates the favoured side and the plus sign (+) highlights the underdog. These symbols also highlight how much you will win if you bet $100 (+) and how much you will need to bet to get $100 (+). Fractional odds are generally used by bookmakers offering UK based sports and esports markets.

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The small print detail is that the bonus will only be released when you have bet a specific amount. Sometimes this can be several times the size of your initial deposit. Check or money order—It might seem old fashioned, but checks still work for online gaming. When you have the app installed, simply follow the on-screen instructions to set up your account. Before you download anything, check that the site you are on is licensed by the Colorado Division of Gaming.