Ante-post Betting
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Ante-post Betting
In horse racing and greyhound racing Greyhound racing is an organized, competitive sport in which greyhounds are raced around a track. There are two forms of greyhound racing, track racing (normally around an oval track) and coursing; the latter is now banned in most countries. Tra ..., an ante-post bet is a bet placed before the horse/greyhound racing course's betting market has opened, and is made on the expectation that the price of the horse/greyhound is presently more favorable than it will be when the course's market opens. Generally, this includes any bet placed before the day of the race. Ante-post betting, unlike starting price betting, carries the additional risk that the original bet will be forfeited, rather than returned, if the wagered horse fails to run.Hammond (1992), p. 19. The ''ante'' in ante-post is derived from the Latin ''ante'' (meaning "before"), but the ''post'' is not the Latin ''post'' (meaning "after"). Instead, it is derived from the nineteenth cent ...
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Horse Racing
Horse racing is an equestrian performance sport, typically involving two or more horses ridden by jockeys (or sometimes driven without riders) over a set distance for competition. It is one of the most ancient of all sports, as its basic premise – to identify which of two or more horses is the fastest over a set course or distance – has been mostly unchanged since at least classical antiquity. Horse races vary widely in format, and many countries have developed their own particular traditions around the sport. Variations include restricting races to particular breeds, running over obstacles, running over different distances, running on different track surfaces, and running in different gaits. In some races, horses are assigned different weights to carry to reflect differences in ability, a process known as handicapping. While horses are sometimes raced purely for sport, a major part of horse racing's interest and economic importance is in the gambling associated with ...
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Greyhound Racing
Greyhound racing is an organized, competitive sport in which greyhounds are raced around a track. There are two forms of greyhound racing, track racing (normally around an oval track) and coursing; the latter is now banned in most countries. Track racing uses an artificial lure (usually a form of windsock) that travels ahead of the greyhounds on a rail until the greyhounds cross the finish line. As with horse racing, greyhound races often allow the public to bet on the outcome. In many countries, greyhound racing is purely amateur and solely for enjoyment. In other countries, particularly Australia, Ireland, the United Kingdom, and the United States, greyhound racing is similar to horse racing in that it is part of the gambling industry. Animal rights and animal welfare groups have been critical of the welfare of greyhounds in the commercial racing industry for many years which has contributed to the reforms of the industries in recent years. A greyhound adoption movement spe ...
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Starting Price
In horse racing, the starting price (SP) is the odds prevailing on a particular horse in the on-course fixed-odds betting market at the time a race begins. The method by which SPs are set for each runner varies in different countries but is generally by consensus of an appointed panel on the basis of their observations of the fluctuation in prices at the racetrack. This is done as follows: For each horse the odds offered by the bookmakers are ordered into a list from longest to shortest. This list is then divided into halves and the SP is the shortest odds available in the half containing the longest odds. Thus the SP or a longer price will have been offered by at least half the bookmakers in the sample. ''Note'': This method is slightly different from the method of calculating the median. The principal function of a starting price is to determine returns on those winning bets where fixed odds have not been taken at the time the bet was struck. Typically, on the day of t ...
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Horse Racing Terminology
The horse (''Equus ferus caballus'') is a domesticated, one-toed, hoofed mammal. It belongs to the taxonomic family Equidae and is one of two extant subspecies of ''Equus ferus''. The horse has evolved over the past 45 to 55 million years from a small multi-toed creature, ''Eohippus'', into the large, single-toed animal of today. Humans began domesticating horses around 4000 BCE, and their domestication is believed to have been widespread by 3000 BCE. Horses in the subspecies ''caballus'' are domesticated, although some domesticated populations live in the wild as feral horses. These feral populations are not true wild horses, as this term is used to describe horses that have never been domesticated. There is an extensive, specialized vocabulary used to describe equine-related concepts, covering everything from anatomy to life stages, size, colors, markings, breeds, locomotion, and behavior. Horses are adapted to run, allowing them to quickly escape predators, and pos ...
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