Development of productivity started in 1981

Chapter 110 Betting on Horse Racing
Sitting in the soft seat that he had bought at a high price, Wang Jiankun was watching the horse racing on the field while reading the Jockey Club's horse racing brochure.

It is 3 o'clock in the afternoon. It is not particularly hot during this period, with the temperature being about 30 degrees Celsius and the humidity not being very high. Because the south wind has passed, there is a breeze at this time. As long as the sun is not shining directly on your body, it is still very comfortable. Although Hong Kong Island is at a low latitude, it is surrounded by the sea, so the maximum temperature is not particularly high.

The horse racing had already started for half an hour. At first, there were exhibition matches and warm-up matches. In another half an hour, the real horse racing would begin.

The Jockey Club's promotional materials are very well made and detailed, showing the rankings of various horses and riders in different races over the past three months. Of course, this information is only available for high-priced seats, as ordinary grandstand tickets only have introductions to the horses and riders competing on that day.

From the data, Tomoko roughly analyzed the probability of each horse getting different places in today's race. There are about 12 combinations, which has greatly reduced the number of bets to be placed.

The amount of prize money varies depending on the betting category. You can bet on the ranking of a single horse in a certain race, or you can bet on its ranking in each of the next three races. The highest odds are for guessing the ranking of each horse in the three races.

The probability of guessing correctly is extremely low, so the odds are also the highest, reaching 1:180, which means that if you bet 1 Hong Kong dollars, you can get 180 million.

For other things, such as guessing the ranking of a single horse in a single race, the odds are not fixed. Because some horses perform very stably, the odds are very low, after all, the probability of guessing correctly is too high. And some horses have unstable performances recently, and their rankings are sometimes high and sometimes low, so the odds for guessing the rankings of these horses are relatively high.

Wang Jiankun watched two exhibition races. His seat was very close to the track, so he could project the riders and horses into his mind, and then asked Chieko to re-evaluate their ranking today based on the actual performance of these horses and riders.

There were only 10 minutes left before the official start of the game and the betting for the first game was about to end, so Wang Jiankun hurried to place his bet.

In this race, Wang Jiankun only took out 10 Hong Kong dollars and bet 3 yuan on each of the three horses' rankings. He also bet on all the rankings of the eight horses in this race. He placed bets according to the three highest probability combinations given by Tomoko, which were 1 yuan, 1 yuan and 8 yuan respectively.

After placing the bet, Wang Jiankun did not leave immediately to watch the race. Instead, he used his supernatural powers to detect the situation inside the betting station. He wanted to know whether it was true, as some newspapers said, that the riders would be notified to artificially control the ranking of horses based on the betting situation.

This is the Jockey Club's main betting station. The betting information from each branch station will be summarized here 5 minutes before the race starts. Therefore, it is absolutely possible to artificially control the ranking of horses, because capitalists will never do a business that loses money.

Wang Jiankun also used his supernatural powers to obtain the betting situation of this game. The total betting amount was more than 2 million Hong Kong dollars, most of which were bets on a single game, and only a very small number of hundreds of thousands were bets on all three games.

Based on the betting situation, Wang Jiankun also obtained the situation of the most favored horses through Zhizi's summary analysis. There is still a big gap between his results and Zhizi's analysis. Wang Jiankun doesn't know whether everyone's judgment is accurate or Zhizi's analysis is accurate.

Wang Jiankun monitored the race until it officially started, but he did not notice any staff notifying the riders to control their rankings. He also did not know whether it was because the result of the upcoming race would be in favor of the Jockey Club or whether they had already been notified through other means.

When Wang Jiankun heard the cheers from the field getting louder and louder, he ended his monitoring of the betting point, returned to his seat and started watching the horse racing.

The 8 horses running in this race are numbered 1, 3, 4, 7, 9, 10, 16 and 21.

The most popular horse at the moment is the chestnut horse No. 7, which has won four consecutive races, so the amount of bets on it to win the championship is more than 4 million Hong Kong dollars.

However, the odds of it winning the championship are not high, only 1:1.13, which means that if you bet correctly, you can get 1 Hong Kong dollars for 11300 Hong Kong dollars, but if you bet wrong, you will lose 1 Hong Kong dollars.

Chieko's calculation is that horse number 7 has the highest probability of winning this race, so its odds are so low.

Wang Jiankun did not shout like others, but quietly observed the situation of each horse on the field.

马场一圈的长度大概是8百米，赛马要跑3圈也就是2千4百米，王建昆有机会投射3次，当然也就可以干预3次赛马的情况。

After continuously observing the changes in various elements when the horses were running, Wang Jiankun roughly knew how to make the horses excited and speed up or make the horses lack strength and slow down, which enabled him to control the outcome of the race.

However, Wang Jiankun does not plan to use his superpowers on these horses today. He will consider using it when betting on all the races tomorrow. After all, Zhizi's calculation and analysis ability is extremely amazing, and the probability of guessing correctly is extremely high.

However, if the Jockey Club's actuary finds out in the end that it will have to pay a large sum of money, the person in charge of the Jockey Club may use some means to intervene in the final race, and Wang Jiankun will not be polite.

赛马跑3圈2千4百米的速度还是很快的，大概就是3分钟左右的时间就跑完了，跑得最快的7号在这场比赛上跑出了最高74公里每小时的速度。

After seeing it win the championship, there was a lot of cheering in the stadium. These were the people who bought the right tickets. Of course, those who bought the wrong tickets threw their tickets into the air to vent their dissatisfaction.

However, no one did this near where Wang Jiankun was, because those who sat here were bosses with some assets and would not vent their anger over winning or losing a small amount of money.

As the rankings of the numbered horses were broadcast by the Jockey Club through radio and television, a large number of horse tickets were flying in the air on the ordinary stands nearby.

Wang Jiankun bet on three horses in this race and got the correct rankings for all of them, and he won the bet of 3 for the total ranking.

So the prize for the first place is HK$12.2. After deducting the bet of HK$3, the profit is HK$9.2. The odds for the full place with a bet of HK$2 are 1:30, so after deducting the bet of HK$7, the profit is HK$53, with a total profit of HK$62.2.

After Chieko's calculations, Wang Jiankun also understood the Jockey Club's profit in this game. It paid a total of more than 1560 million Hong Kong dollars in compensation and made a profit of more than 1320 million Hong Kong dollars, with a profit rate of about 45%. This profitability is not small. Even if the Jockey Club's expenses were deducted, there was still a net profit of nearly 5 million that day.

Therefore, Wang Jiankun has no guilt in preparing to raise funds from the Jockey Club for development. Most of this money will currently be transferred away by British capital. After all, British capital still accounts for the majority of the Jockey Club's shareholders.

After exchanging his horse tickets at the exchange point, Wang Jiankun asked for a check for HK$50. He bet the remaining HK$12.2 on the second race and added another HK$7.8 to make a total of HK$20.

When I was betting, a short fat man came up to me and said, "Handsome, you are very accurate in betting on horses. Can you help me?"

Wang Jiankun looked back at the short and fat middle-aged man who seemed to be very familiar with others. He smiled and licked his face, looking at Wang Jiankun expectantly with his small eyes narrowed.

"Brother, you should be an old hand. I have no experience in betting on horses, so I dare not give you any advice." "Don't be so modest, handsome boy! You were very calm in your seat just now, and then you came to cash the prize and received the check. You must have won the jackpot, right?"

"What's your name, brother?"

"My last name is Qian Youfu. What's your name, handsome? Our seats are not far from each other. How about we have a good chat after we finish placing bets?"

"My name is Wang Jiankun. I've placed my bet. Number 12 has a high chance of winning this game. If you want to buy, you can buy some."

Hearing Wang Jiankun say this, Fatty Qian was very happy and said, "Then I'll buy number 12 for 2 Hong Kong dollars. If I win, I'll treat you, brother Wang, to a meal."

After saying that, without waiting for Wang Jiankun to be polite, he quickly went to buy the No. 12 championship ticket for 2 yuan.

Wang Jiankun saw that the fat man bet 2 yuan just by listening to what Qian said. He was confused for a moment. After all, 2 yuan is not a small amount of money. The average person here only has a monthly salary of more than 3 yuan. 2 yuan is almost half a year's salary. However, those who are willing to buy expensive seats must not be short of this little money.

"Brother Wang, let's talk while we walk. The horse race is about to start."

"Wait a moment, I'll take a look here. I'll go over after it officially starts. There's no rush." ​​Wang Jiankun was in no hurry to go to his seat because he still had his super powers to monitor the situation at the betting station.

Fatty Qian didn't understand what was going on. The people who were placing bets here were going to their seats and stands one after another, but he saw Wang Jiankun staying near the entrance of the betting station and didn't know what he was doing. He had just asked Wang Jiankun for instructions, so he just waited here with him.

It was not until Wang Jiankun collected the betting information for this game and the horse race officially started that Wang Jiankun called Fatty Qian to go to their seats.

The betting amount for this game was much higher than the first one, with about 6 million Hong Kong dollars bet. Seeing that it was afternoon tea time for Hong Kong people, Wang Jiankun could understand why the betting amount for this game was so high. It should be that those working people took this opportunity to place bets.

The penetration rate of radio and television here is very high, and these people should be listening to and watching real-time broadcasts of horse racing through radio and television.

The dark horse No. 12 that Wang Jiankun instructed to Qian Pangzi was still in third place after running one lap. Looking at this situation, Qian Pangzi's voice of cheering for him became much softer.

After reading Zhizi's analysis, Wang Jiankun knew that the dark horse No. 12 had better endurance and was much faster than other horses in the latter half. As long as it was not far behind in the first half, its chances of winning were extremely high.

The situation on the field at this time was just as Tomoko had analyzed. The dark horse No. 12 was half a horse length behind the first two, and then began to slowly catch up.

After the second lap, he was only half a head behind the first place. Seeing this, Fatty Qian shouted louder and louder, which was very different from the performance of some people here.

He also shouted "Come on" and pulled Wang Jiankun to shout with him. Wang Jiankun was not that excited because the results were within his predictions. He didn't particularly like watching horse racing and came here mainly to raise money.

As he calmly observed the racing conditions and the riders' riding skills and Fatty Qian shouted "Encourage", dark horse No. 12 won the championship with a lead of half a length.

Fatty Qian was very happy. The performance of this dark horse had been very unstable recently and it rarely won the championship during this period, so its odds of winning were relatively high, at 1:4.6. Fatty Qian won 2 with his 9.2 Hong Kong dollars, with a net profit of 7.2.

At this time, as the ranking of each horse was announced on the radio, a large number of horse tickets flew out, but these were all incorrect bets.

Wang Jiankun made a net profit of 156 million Hong Kong dollars this time, because his bet of 4 Hong Kong dollars to guess the overall rankings was correct, and 3 of the other 2 bets were correct.

At the same time, he also asked Tomoko to calculate the Jockey Club's profit after the race. Its net profit was still around 45%, which was very well controlled and similar to the previous race.

Wang Jiankun couldn't help but suspect that there was some human manipulation, otherwise how could the profit situation be so close.

Chieko analyzed the situation and explained to Wang Jiankun how the actuaries of the Jockey Club controlled the profit margin.

In fact, the racecourse is very clear about the condition of each horse. The show match before the official race is to reconfirm the condition of the racehorses to match the previous assessment. If there are any differences, timely adjustments will be made.

When actuaries learn about the status of each horse and the expectations of ordinary citizens for these racehorses as determined by market surveys, they begin to set different odds. Through these odds, they control the profitability of the racecourse and ensure that net profits remain at around 40% to 50%.

This profitability situation ensures that in every game, there will always be about one-third of the people who can make a profit, and they get 25% to 30% in addition to the principal. These profitable people will not only continue to bet, but will also let the losers see it, so that most horse racing friends will have some winners around them. These examples can encourage people to continue betting.

This ensures that the Jockey Club can continue to make profits.

Of course, there will be some emergencies from time to time, but no matter what the situation, the Jockey Club will have a minimum profit of about 10%. Unless most people bet on a winning position, the Jockey Club may take some action. However, they have more ways, such as announcing the cancellation of the race for some reason or replacing the horses to let people place new bets, etc.

This is actually also a case of human intervention, but Wang Jiankun knew from chatting with Fatty Qian that this situation rarely occurs. Even if a race is cancelled, the Jockey Club generally allows people to place new bets or refund their money, and of course they will also give some compensation.

After understanding this mechanism, Wang Jiankun felt relieved. He bet 50 Hong Kong dollars on the third horse race. He placed the bet in the last 2 minutes. The total betting funds for this game were more than 7500 million.

Of course, Fatty Qian also bet 5 Hong Kong dollars. Wang Jiankun told him the rankings of the three horses, namely the first, second and third place. If all the bets were successful, he could get a net profit of 3 Hong Kong dollars, because the odds for the top three in this race were 45:3.

Before placing the bet, Wang Jiankun asked Chieko to do a quick calculation and keep his profit at around 1200 million. Based on the highest probability ranking calculated by Chieko, the Jockey Club's net profit margin for this game was about 25%.

Wang Jiankun did this to see whether the people from the Jockey Club would artificially change the results of the race under such circumstances. If not, then he would place bets in the next two days based on the probabilities calculated by Zhizi. If so, then he would use his superpowers to control the horses and make them run to the corresponding ranking according to his wishes.

(End of this chapter)