Few stray thoughts about horseracing…
let me start with some postulates which are true but have no scientific backup...
1) horseracing is a game of skill...
2) horseracing gambling is as risky as any other form of gambling...3) there will be more losers than winners in any game of gambling...
4) there will always be more losers in horseracing than winners ...
5) horserace gambling needs much more study, analysis, than other games like Poker ,card games, betting on cricket etc.
6) punters will lose because they do not know handicapping well...
7) it is human nature to blame others for your failures rather than accept it...
there are many more but I cannot carry on like this ,ad infinitum...
Most of the punters (nay losers) blame, while losing bet on a favorite, fixing of races by owner/trainer/jockey/bookie/mafia as the main reason for their loss. Punters and sometimes, even tipsters offer the opinion that jockey is the main culprit and a punter is helpless to face these 'deadly' combos....
well, I don't agree .I have said many times that since many years I treat horseracing as a business entity and gambling being an integral part of it , losses and profits will accrue to the participants (owners/trainers/punters and others associated with the game)...
An owner buys a horse by investing few lacs and spends roughly 1 to 2 lacs fot BTF etc. before he could start recovering his money ,maybe with profit (if lucky) and certainly has NO obligation to punters for the performance of his horse - neither his trainer or jockey has...
It is the raceclub and the clubs officials, stewards who are morally and LEGALLY responsible for the fair conduct of the race under their jurisdiction...we cannot and should not blame the owners,trainers and jockeys - blindly...in some cases they are blameworthy but not in all favs' losses...in late 80's and till mid 90's many of my owner friends gradually sold out their strings and changed over to pure punters as they could not afford to maintain their horses and make money...In retrospect I can confidently say that without proper application and understanding they went in the game and lost...
I don't believe that most races are fixed , yes few are manipulated - maybe 20 to 30 % but 70 % + races in India are still run and won on merit and you can make money out of these ‘open’ races, if you can spot them... but will you bet on Coceptual (8/1) against Arcidian(6/4) , or Jacqueline (7/2) against Gypsy Magic(6/4))... Very few will do that and therefore only few will win the races.
horseracing is a game where handicapping is of PARAMOUNT IMPORTANCE and not knowing it will lead a punter to a poor house in due course of time.Having bagful of money is no guarantee to be a winner in this game, with few hundreds in the pocket also you can be a winner.
chanakya
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