When is a bet not a bet? A day at the Iran races | Reuters

“Big bets take place unofficially and the winnings are exchanged from hand-to-hand.”

Betting among individuals is not legal but still goes on.

Despite its limited availability, people from many walks of life crowd the “predictions” office next to the track in Nowruzabad where legal betting takes place inside a building where an electronic screen advertises: “Make a prediction, win a prize”.

He had just won 200,000 rials (almost $20). Odds are not given before the race and returns are calculated afterwards.

Cleric Mahmoudi warned of the dangers of gambling.

“Last year someone won $75,000 there in a bet,” a race official said, speaking on condition of anonymity.

NOWRUZABAD, Iran As Rio Collection galloped across the finishing line, Sardar hooted with joy and high-fived his friends.

“In negotiations with some sources of emulation , we finally managed to receive permission to bet on horses under certain conditions,” said Ebrahim Mohammdzadeh, an official at Tehran’s horse-racing committee.

The really big bets happen at bigger tracks, particularly at the 10-000 capacity Gonbad-e Kavoos hippodrome in northern Iran.

“I always buy prediction tickets from this office but my dad bets directly with others,” he said. “In a way we are donating this money to help develop the races.”

“People are reluctant to place big bets with the prediction office,” he said . As well as a computer screen with race details, each has a basket into which they toss the takings.

The way it works is that jockeys authorise the horse-racing committee to place bets for other people on their behalf.

“All forms of gambling are haram (forbidden by Islam) except for horse racing, camel racing and archery,” said Mohsen Mahmoudi, a cleric at a north Tehran mosque, adding that those manly, warrior sports were all encouraged by the Prophet Mohammad.

By Mitra Amiri

| NOWRUZABAD, Iran

Wearing loose black trousers and speaking with a strong local accent, Sardar, a carpenter, said he chose not to buy prediction tickets as winnings were limited.

As the horses pass the finishing line, the spectators — including dozens of women — jump up from their seats near the track and rush to the predictions office to see how much they have won and place money on the next one.

“I just lost 30,000 rials but I had a lot of fun,” said fine arts student Tamanna, 30, showing her ticket printed with a line that says cash spent buying the ticket goes to support the horse races, rather than in the hope of winning.

The Koran describes gambling as “evil, unclean and Satanic” and people found guilty of illegal gambling in the Islamic Republic can be sentenced to flogging and jail.

However, three forms of gambling are permitted under Islam, said a cleric consulted on the matter by Reuters.. Mohammad Reza Pahlavi — the last shah who was overthrown in the 1979 uprising led by Ayatollah Ruhollah Khomeini — was a keen horseman and aimed to expand racing.

THE BIG BETS

(Editing by Sonya Hepinstall)

MASS APPEAL

Prediction tickets can be bought for as little as 10,000 rials (around $1) with no official upper limit, although large bets are rare. Of the total money coming into the official betting office, some 70 percent is given out as winnings with the remaining 30 percent going to cover the costs of racing.

“I just paid 50,000 rials. I predicted correctly,” said the 18-year-old.

Most of the people buying prediction tickets legally from the racetrack office did not seem concerned, however.

Under Islamic sharia law, gambling is generally seen as illegal and Sardar’s wager, made with a friend, was actually not permitted. Camel racing — popular in some Arab countries across the Gulf — is not a significant sport in Iran and archery has no great popular following.

In pre-revolutionary Iran, horse riding was considered an elite sport. Not by “betting” on the horse, he insisted — betting is illegal under Iran’s Islamic law — but by “predicting” Rio Collection would win.

To make it possible for spectators to take part, the Equestrian Federation of Iran sought permission from senior clerics known as “sources of emulation”, to whom Shi’ite Muslims turn for guidance on moral issues.

People can also place bets on horses through the federation’s website, but that misses out on the spectacle.

“I knew he would win. I hope I can win something,” said Erfan, 15.

“The bettor makes gains easily, without working and this causes others to lose money with consequent dissatisfaction and grief,” he said, pointing out one reason Islam regards gambling as “haram”.

The 2,000-capacity Nowruzabad track off a major highway to the west of Tehran is the only track easily accessible to the population of the capital. It hold races over a 10-week season each year.

But technically, he added, only the archery contestants and riders of the horses or camels in the races are permitted to bet.

After the revolution the idea fell out of favour and today there are only four racetracks in the country. But thanks to certain religious rulings, many race-goers are permitted to put money on the horses legally as long as they are “predicting” through official channels.

Inside, a dozen women, wearing obligatory headscarves, sit behind windows, taking predictions and paying out winnings. “He once won 30 million rials.”

“I had a great time,” Tamanna said

Artificial intelligence: Key to ​Kentucky Derby betting?

In a recent 60 Minutes/Vanity Fair poll, more than half of Americans (53 percent) called society’s quest to advance the field of artificial intelligence “important.”

In a statement, Unanimous’ chief information officer David Baltaxe said the whole process took the company’s AI tool 20 minutes.

4.

How does the system work? According to the company, the technology is built on a closed-loop system inspired by the insect swarm found in nature. All Rights Reserved. Exaggerator. Twenty participants, convened by the company, first used the software to narrow the field of 20 horses down to four top picks. Gun Runner

2. The participants then used UNU to predict the winning order — and it turned out to be 100 percent correct.

1.

The artificial intelligence company Unanimous tested its new software platform, UNU, on last weekend’s Kentucky Derby, as reported by TechRepublic.

3. Nyquist

Although several prominent industry leaders remain wary of artificial intelligence, and a recent high-profile experiment with it went awry, the technology could revolutionize everything from smartphones to automobiles. Mohaymen

You probably didn’t consider basing your Kentucky Derby bets on artificial intelligence — but maybe you should have. The idea is that “many minds are better than one,” therefore the act of pooling individual insights gives groups a better chance of reaching optimal decisions.

“I placed my $1 bet on the race at the Derby on Saturday and made $542.10 — the odds of winning the superfecta [the top 4 finishers in order] were 540-1,” TechRepublic reporter Hope Reese wrote. For comparison, none of the experts at Churchill Downs predicted the top four horses, let alone the top four horses in the correct order.

© 2016 CBS Interactive Inc

USRacing.com Releases Updated Odds for the 2015 Breeders’ Cup

Online horse betting is available via desktop computer,

laptop, iPad, iPhone or Android powered devices.

7

Smooth Roller

Tyler Baze

Victor Garcia

15/1

Post

 

 

 

 

 

 

 

Horse

 

 

 

 

 

 

 

Jockey

 

 

 

 

 

 

 

Trainer

 

 

 

 

 

 

 

Odds

1

Tonalist

John Velazquez

Christophe Clement

6/1

2

Keen Ice

Irad Ortiz, Jr.

Dale Romans

12/1

6

Effinex

Mike Smith

James Jerkens

30/1

US Racing’s comprehensive Breeders’ Cup Betting Guide by Derek

Simon is available to all members of US Racing. “Smooth Roller,

I think, is the horse that is going to be overlooked. His video analysis of

the possible winners can be viewed online at US

Racing with Derek Simon.

3

Frosted

Joel Rosario

Kiaran McLaughlin

15/1

2015 Breeders’ Cup Classic Odds from USRacing.com

. This is a horse I

definitely think you have to use on your ticket. He represents value

when betting

on the Breeders’ Cup.”

Derek Simon, US Racing’s editor and handicapper, has no doubt of the

value found in Beholder and Smooth Roller–and he makes his case with

statistics compiled from every Breeders’ Cup race run from 1997-2014.

The world will be watching American Pharoah’s final race on NBC and

getting all the action with US Racing.

US Racing offers thoroughbred, harness and greyhound wagering content

from over 200 of the world’s premier racetracks. Keen Ice and Frosted could surprise, as well,”

he added.

4

American Pharoah

Victor Espinoza

Bob Baffert

6/5

10

Beholder

Gary Stevens

Richard Mandella

3/1

US Racing features race analysis, interviews, free handicapping tips and

stories on trainers, jockeys, owners, breeders, horses and new

technology and developments in the horse racing industry. “Can the Triple Crown winner round out his career

winning the Classic? The public loves him but we’ve observed several

punters backing Beholder. No wagering of

any form takes place at US Racing.

“I felt that Beholder’s win in the Pacific Classic was the best

performance by any thoroughbred this year,” said Simon. Membership is free and

there are no fees or charges to wager on horses or to watch live horse

racing video.

5

Gleneagles

Ryan Moore

Aidan O’Brien

20/1

LEXINGTON, Ky.–(BUSINESS WIRE)–US Racing (www.usracing.com),

an international online horse racing service, today released the updated

odds of the 31st Breeders’ Cup to be held at Keeneland Race

Course on October 30th and 31st.

US Racing (www.usracing.com)

is the largest international online horse racing service in the world.

US Racing is privately held with offices in the Americas, China,

Gibraltar, Hong Kong and the Isle of Man.

The goal of US Racing to entertain, educate and inform people about the

sport of thoroughbred horse racing.

8

Hard Aces

Joe Talamo

John Sadler

50/1

9

Honor Code

Javier Castellano

Claude McGaughey III

6/1

“American Pharoah is the betting favourite with good reason,” said James

Maxwell of US Racing