Horse Race Handicapping College - Thoroughbred Horse Racing and Wireless

Kentucky Derby Countdown:

26 Days Until May 3rd and the 134th Kentucky Derby

Thoroughbred Horse Racing and Wireless

Although horse race handicapping and wagering on horse racing continues to be legal, other forms of online waging and gambling continue to have interpretation problems.

Being able to police this multi-billion dollar industry is a problem that corrupt politicians will never be able to solve.

Add wireless to wagering and you will undoubtedly cause those same politicians to spend sleepless nights trying to funnel the funds into their own pockets.

Thank goodness they kept their sticky fingers off of horse racing for you and me, but rest assured someone in Washington is getting some kickbacks from other forms of gambling. How do spell Indian Reservations?

Online horse race wagering is legal; however, gambling continues to be a vice mostly pushed to the sidelines. It pops up with a vengeance in places like Las Vegas and on Indian reservations, but there are plenty of outlets waiting with open arms for those who want more.

Gambling surged lock-in-step with the Internet explosion, only to be banned in the summer of 2006. The new federal legislation expanded a 1961 law that prohibits gambling over telephone lines to include the Internet, wireless and other technologies. It bans payments to offshore casinos and outlaws all forms of online gambling.

The focus is on the money that changes hands with financial institutions. Companies have continued to find new ways to transfer money, typically offshore.

Like everything the Internet breathed new life into on the PC, mobile has followed behind. Music, television, films and so much more have began to find their groove in wireless (albeit some much more successfully than others), but will gambling come to the small screen in a big way?

The fact is, it’s already arrived, but again, pushed even further to the sidelines. Although some companies offer betting through mobile WAP sites and downloadable applications, wireless and gambling veterans doubt it will have much success stateside.

"I’m just not sure. I don’t see an eager public. The public has most betting accessible to them already and then the sports betting would be limited," said William Thompson, a gambling consultant and professor at University of Nevada, Las Vegas.

Sports betting is the most likely format to see any interest on mobile, said Thompson, who also goes by the name "Billy Gamble." Lotteries would be another venue for potential success on mobile, but it’s unlikely to take off, he said.

Rest of the Story

For me, I will continue my horse race handicapping and wagering online. The payoffs can be very nice, if you have the proper education.

Visit Horse Race Handicapping College for more information.

Horse Race Handicapping College - Horse Racing and Sharks

Kentucky Derby Countdown:

27 Days Until May 3rd and the 134th Kentucky Derby

Thoroughbred Horse Racing and Sharks

Most players / horse race handicappers that go to the track are just feeding the sharks. Look and listen!

Fact - The track can't lose.

Only foolish players lose. Yes, It is foolish to risk your cash on bets that cannot possibly win.

In every horse race there are horses entered that are there only to FILL the field. There are horses that are entered only for the workout or experience. Those particular horses have NO CHANCE whatsoever.

Yet uneducated players bet on every horse in every race. Why? Because they are foolish. You work hard for your cash, why GIVE it to someone else? Believe it or not, it is the educated horse race handicappers who collect at the window on a consistent basis.

When you lose money at the track you are not losing it to the track, but to those players in the know. What do they know, you might ask? They know more than you do. That is the only edge they need. An educated horse race handicapper is a horse race handicapper with the $.

Why is it that this same crowd wins all the money, all the time?

You and many others buy the Racing Form, or other papers and Tip Sheets. You study them carefully. You think because you can quote speed ratings, past performance, Beyer numbers, workouts, blood lines, and all the PP's, you can predict the winners.

Sure you might win some races. But that is only due to Chance or "The Laws of Probability".

That other player, the educated horse race handicappers who"know" win a large percentage of their bets, and use discipline and strict bankroll management. They don't bet on low probabilty bets. They don't risk their cash foolishly.

Who is going to win the most? The horse race handicapper who can put it all together, or those players who bet because they like the "name or color" of the horse, or because some race analyst is touting a particular horse?

It's not even close. Horse race handicappers do not get rich because other horse players knew as much as they do. They win money from the foolish players. There will always be those, but it does not have to include you.

If you want to win at the track, you have to be an educated horse race handicapper. That is your choice.

Bottom Line - The "Shark" at the track is the educated horse race handicapper. Be the "Shark".

Visit Horse Race Handicapping College for more information.

Horse Race Handicapping College - the Kentucky Derby Big Show

Kentucky Derby Countdown:

28 Days Until May 3rd and the 134th Kentucky Derby

The Kentucky Derby Big Show

Tradition + College Students = Thoroughbred Horse Racing Super Bowl

You know you're from Kentucky if half your friends are spending the first Saturday in May going wild in the infield or parading around in over-sized hats with mint juleps in hand.

Secretariat raced it in one minute and 59 seconds in 1973. Last year, Street Sense raced it in a little over two minutes.

This May, Kentucky Derby favorites Pyro and Big Brown, along with 15 other contenders, hope to steal the coveted blanket of roses during the world's most famous two-minutes of horse racing.

"Growing up in Louisville, it's a must to go," Lauren Allard, sophomore from Louisville, Ky., said. "For me, it's a homecoming when I go back to Louisville for the Derby. I went to the Derby a few years ago. I loved seeing everyone dressed up where I saw many ridiculous and elaborate hats."

The 2008 Kentucky Derby will be held Saturday May 1 under the twin spires at Churchill Downs in Louisville, Kentucky.

As a tradition since 1875, 10 to 15 three-year-old horses will race 1.4 miles down a dirt track.

The winning horse will receive a purse of $2 million. Derby Day is preceded by The Oaks, a horse race exclusively for thoroughbred fillies.

Rest of the Story

Just like Football's Super Bowl, you don't have to be a fan of the sport to be caught up in all the talk and enthusiasm leading up to the most exciting 2 minutes in sports.

Rest assured, serious horse race handicappers are already studying the contenders for this year. [See 26 March 2008 Post]

Visit Horse Race Handicapping College for more information.

Horse Race Handicapping College - Thoroughbred Racing at Aqueduct

Kentucky Derby Countdown:

29 Days Until May 3rd and the 134th Kentucky Derby

Thoroughbred Racing Playoffs Continue at Aqueduct

War Pass + Aqueduct = Kentucky Derby Contender

Three weeks removed from an inexplicable defeat, War Pass will get the chance to answer a slew of questions on Saturday in the $750,000 Wood Memorial Stakes (G1) at Aqueduct.

The leader at every call in his five previous races, War Pass never reached the front in the Tampa Bay Derby (G3) and came up shockingly empty in finishing last as the 1-to-20 favorite.

No clear explanation surfaced, and War Pass never presented his trainer, Nick Zito, with a reason not to continue.

“For whatever reason, he just didn’t show up,” Zito said. “You want to be confident and draw a line through the Tampa race. I’m apprehensive, excited, happy—and cautious. I’m a fan, too, and I want to see a horse like War Pass run big. I always have confidence when I have War Pass.”

War Pass reassured Zito with a half-mile breeze in :47.40 on March 27 at Palm Meadows Training Center in his only workout since the Tampa Bay Derby.

“His work last week was great,” said Zito. “From what I can see, he’s going to put in a good effort.”

War Pass is one of four top two-year-olds from 2007 who go into the Wood Memorial in need of some rebuilding, with the May 3 Kentucky Derby Presented Yum! Brands (G1) five weeks away.

Rest of the Story

War Pass will have to have an exceptional run on Saturday to prove to horse handicappers that he has what it takes to take home some roses at the Kentucky Derby.

A poor showing here will open the door to the possibilities of not competing in Louisville.

Finishing out of the money and then continuing on to the Kentucky Derby will undoubtedly open many long shot opportunities for quite a few horse race handicappers.

Visit Horse Race Handicapping College for more information.

Horse Race Handicapping College - Horse Racing and Horse Race Handicapping Still Exempt

Kentucky Derby Countdown:

30 Days Until May 3rd and the 134th Kentucky Derby

Horse Racing and Horse Race Handicapping Still Exempt

(Even though the Feds say that internet gambling is ambiguous)

WASHINGTON (AP) — Congress' ban on Internet gambling is so vague that figuring out how to enforce it is a struggle, say federal officials charged with the task.

"I think it is very difficult without having more of a bright line about what is intended to be unlawful Internet gambling," Louise Roseman, head of the Federal Reserve's bank operations division, told a House hearing Wednesday.

"The challenge we have is interpreting something, particularly federal laws, that Congress itself isn't sure what they mean," she said.

Congress passed the ban with little notice in 2006 when Senate Republicans, pushed by then-Majority Leader Bill Frist, attached it to an unrelated port security bill in a rush of year-end legislation.

Internet gambling already was considered mostly illegal in the U.S., but the games are played by many U.S. residents on sites hosted overseas in a business worth more than $15.5 billion a year. U.S. bettors have been estimated to provide at least half that revenue.

The congressional ban sought to explicitly outlaw Internet gambling but didn't offer a clear definition everyone could agree on, instead referring to existing federal and state laws which themselves provoke differing interpretations. It put the burden on financial institutions by prohibiting them from accepting payments from credit cards, checks or electronic fund transfers to settle online wagers.

That's led to complaints from the financial services industry about the difficulty of determining where payments are going, especially because online betting businesses can disguise themselves with relative ease.

It "makes financial institutions the police, prosecutors, and judges in place of real law enforcement officers," Wayne Abernathy of the American Bankers Association told a House Financial Services subcommittee Wednesday.

Regulations proposed by the U.S. Treasury and the Federal Reserve last fall would apply to the gambling business' bank — generally not to the gambler's bank — and require it to use due diligence to ascertain the nature of its customer's business and ensure it is not processing illegal Internet gambling payments. The regulation doesn't attempt a definition of illegal online gambling, since Congress didn't give one.

Rest of Story

Bottom Line... The Law may be ambiguous, but horse racing and online horse race handicapping is still legal and can be quite profitable if you know the game. (Education is the secret key)

Visit Horse Race Handicapping College for more information.