JC / Railbird

International

Gangsters and Bookies

Depression-era horse racing in Cuba:

Like scenes out of an Ernest Hemingway novel, gunfire mingled with mariachi music near the betting ring.

It was an open secret that when track-backed bookmakers thought they were going to lose money on a heavily bet horse, they would call up to the stewards’ stand. Using a system nicknamed “window washing,” the stewards would raise and lower a window shade corresponding to the number of the horse they wanted “protected.” It was the starter’s job to watch for this signal, and to make sure the hot horse was at a disadvantage when the starting tape sprang up.

Posted in Racing on March 4, 2015 / Tagged Cuba, International

Winning Legende

Legende has a ways to go before he reaches the rarefied level of his full sister, two-time Japanese Horse of the Year Gentildonna, but the 3-year-old colt made an auspicious career debut at Kyoto Racecourse on February 15. Michele MacDonald recaps the race for Thoroughbred Daily News:

Legende (Jpn) (Deep Impact {Jpn}) … entered the starting gate as the even-money favorite in a field of 14 maidens going 1800 meters (about 1 1/8 miles) on turf. After breaking without incident, he rated kindly in second under jockey Keita Tosaki while the filly Kurseong (Jpn) (Empire Maker) set the pace for much of the trip.

When Tosaki rounded the far turn on Legende, he asked the colt for more and his mount bounded quickly to the lead. Tosaki tapped his flank twice in the stretch and Legende proved clearly best, defeating Kurseong easily by three-quarters of a length in 1:52.4 on a course rated firm, and he galloped out with his ears pricked. Fillies Gold Glory (Jpn) (Harbinger {GB}) and Juwelen (Jpn) (Deep Impact) finished third and fourth.

Watch the replay:

【PHOTO】レゲンデ Legende http://t.co/ceOD6xUjYM 姉にジェンティルドンナ、ドナウブルーの超良血馬。まずは順調なスタートを決めました。 #競馬 pic.twitter.com/bZSR0IU16j

— 競馬ラボ (@keibalab) February 15, 2015

Posted in Racing on February 16, 2015 / Tagged Champions, Gentildonna, Horses to Watch, International, Japan, Kyoto, Legende, Siblings

Dark Pools

Michael Cox reports on “price steaming” in unregulated exchanges:

[It] might sound like a lot of money to bet on horses that you don’t want to actually win, but if the liquidity was high enough on CITIbet, it could easily be a lucrative strategy. Because CITIbet pay-outs are based on the home totalisator dividend, a bet on the exchange of $20,000 — depending on some other factors, including the liquidity available — could have returned around $128,000 to the instigators of the sting for a total spend of around $60,000 — still a tidy profit of more than 100 percent and at much better odds than the 1-to-5 initially showing before the price steaming took place. Still, in this instance, the strategy backfired to a degree as the large investments triggered robotic wagering programs that also took a slice of the inflated odds, and as a result, the payout was much less …

Posted in Racing on February 11, 2015 / Tagged Betting Exchanges, Dark Pools, International, Price Steaming, Southeast Asia, TRPB, Wagering

Fantastic Fugue

The Prince of Wales’s Stakes ended in a new course record time of 2:01.90 and a reversal of the 2013 Breeders’ Cup Turf finish when The Fugue kicked clear to win by two lengths over Magician. “She’s proved what she can do to everybody,” said rider William Buick of the 5-year-old mare. “When she gets an uncomplicated run, she’s lethal.” She certainly was: Watch the replay.

Heavily favored Arc winner Trêve finished third. Jockey Frankie Dettori said the filly didn’t feel right from the start: “I was never in a comfort zone.” Trainer Criquette Head-Maarek, observing that today is the anniversary of the Battle of Waterloo, called the beat “a French defeat,” and said, “Maybe we’ll find something wrong. We have lost the battle, not the war.”

7/11/14 Update: She broke a record, finished sixth next time out, and now The Fugue has been retired due to injury. “I’ll never forget her,” says Buick.

Posted in Racing on June 18, 2014 / Tagged Breeders' Cup, Criquette Head-Maarek, International, Magician, Royal Ascot, The Fugue, Treve