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Horse Racing In South Korea
Horse racing in South Korea traces back to May 1898, when a foreign language institute run by the government included a donkey race in its athletic rally. However, this type of racing was sponsored for entertainment purposes only. No betting was conducted. It was in the 1920s that 'modern' horse racing involving a betting system made its debut. In 1922, the Chosun Racing Club, the nation's first-ever authorized horse racing club, was established to make horse racing more systematic and better organized. In 1923, the pari-mutuel betting system was officially adopted for the first time in Korea. The Sinseol-dong racecourse opened in 1928 and incorporated racing clubs were allowed to have their own racecourses. Finally, in 1933, a Japanese decree on horse racing was promulgated. Under the decree, only incorporated racing clubs were entitled to conduct horse racing. The Chosun Horse Racing Authority was also established in 1933 to coordinate and control incorporated racing clubs across ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Betting
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not universal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Busan Citizens Park
Busan Citizens Park (formerly Camp Hialeah) is a former Imperial Japanese Army base and United States Army camp located in the Busanjin District of the city of Busan, South Korea. The Camp occupying of prime real estate was closed on 10 August 2006 and handed back to the Busan city government. It was redeveloped as the Busan Citizens Park ( ko, 부산시민공원) and opened on 1 May 2014. History Racetrack During the Japanese occupation of Korea, a horse racing track encircling the main area of the Camp was owned by the Chōsen Racing Association. A visiting American sailor is purported to have named the camp after the Hialeah Park Race Track in Hialeah, Florida. Imperial Japanese Army occupation The area served as the Imperial Japanese Army headquarters in Busan until the surrender of Japan. United States Army occupation U.S. troops took command of Camp Hialeah on 17 September 1945 and remained until the end of 1948 when control of the installation passed to the U. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Korean War
, date = {{Ubl, 25 June 1950 – 27 July 1953 (''de facto'')({{Age in years, months, weeks and days, month1=6, day1=25, year1=1950, month2=7, day2=27, year2=1953), 25 June 1950 – present (''de jure'')({{Age in years, months, weeks and days, month1=6, day1=25, year1=1950) , place = Korean Peninsula, Yellow Sea, Sea of Japan, Korea Strait, China–North Korea border , territory = Korean Demilitarized Zone established * North Korea gains the city of Kaesong, but loses a net total of {{Convert, 1506, sqmi, km2, abbr=on, order=flip, including the city of Sokcho, to South Korea. , result = Inconclusive , combatant1 = {{Flag, First Republic of Korea, name=South Korea, 1949, size=23px , combatant1a = {{Plainlist , * {{Flagicon, United Nations, size=23px United Nations Command, United Nations{{Refn , name = nbUNforces , group = lower-alpha , On 9 July 1951 troop constituents were: US: 70.4%, ROK: 23.3% other UNC: 6.3%{{Cite ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parimutuel Betting
Parimutuel betting or pool betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are deducted, and payoff odds are calculated by sharing the pool among all winning bets. In some countries it is known as the tote after the totalisator, which calculates and displays bets already made. In short, the word ''parimutuel'' implies tiered winnings/earnings. The parimutuel system is used in gambling on horse racing, greyhound racing, jai alai, and other sporting events of relatively short duration in which participants finish in a ranked order. A modified parimutuel system is also used in some lottery games. Definition Parimutuel betting differs from fixed-odds betting in that the final payout is not determined until the pool is closed – in fixed odds betting, the payout is agreed at the time the bet is sold. Parimutuel gambling is frequently state-regulated, and offered in many places where gamb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seoul Race Park
LetsRun Park Seoul, also known a Seoul Race Park or Seoul Racecourse Park is a 40,000 capacity Korean thoroughbred racetrack in Gwacheon, Gyeonggi-do, South Korea. It is host to many of Korea's most valuable thoroughbred horse races including the Korean Derby and Grand Prix. LetsRun Park Seoul is located next to Seoul Racecourse Park Station on Line 4 of the Seoul Metropolitan Subway. It is operated by the Korea Racing Authority (KRA). In the Republic of Korea, the racecourse has been misleading with the negative image of gambling and speculative facilities and has been distorted into a socially problematic place. It's called 'Park'. The name of the station was changed in 2000. History The current site at Gwacheon is the third home of LetsRun Park Seoul. The first was at a track in Sinseol-dong, Dongdaemun-gu, which was in operation from the early 1920s until just after the Korean War. Following the closure of the Sinseol-dong track, a new racetrack was constructed at Ttukseo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
