#1
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horse racing owners betting patterns? no gambling content
i gotta believe that owners of race horses constantly bet against their horses. not in a fraudulent way but as part of a hedging strategy. anyone know for sure?
granted, i know nothing of the sport, but i would think that hedging would be really useful with big but infrequent purses. |
#2
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Re: horse racing owners betting patterns? no gambling content
how is this not gambling related? Try eog.com or therx.com, possibly 2+2 sportsbetting forum...but i think the first two will better answer your questions.
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#4
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Re: horse racing owners betting patterns? no gambling content
Worked in the industry for a while, have never seen this, but Im sure it has happened.
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#5
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Re: horse racing owners betting patterns? no gambling content
My father owned horses, never once considered betting against his own horse.
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#6
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Re: horse racing owners betting patterns? no gambling content
In the U.S. it is illegal for a horse owner (or trainer or jockey) to bet against his horse. It is even illegal to box an exacta with his horse (an exacta is a bet picking the first 2 finishers in order. a box is using both combinations i.e. horse A over horse B and vice versa).
p.s. this isn't criminally illegal, but it is against the racing board's rules. |
#7
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Re: horse racing owners betting patterns? no gambling content
I should note that when betting his own horses, my old man would never to go the window himself. Imagine what that would do to a horse's odds, if everyone saw the owner/trainer at the window?
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