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BEH JOW: South Africa 3 Dec

0939

Alfrescian
Loyal
Bro, can you tell me how much do you bet on each race, and if you win how much is
your winnings. What are the odds. I have never bet on horse racing. The last time was in a tuft club back in 1973 just to watch but never bet. I can never understand why people bet on horse when the winnings is so little. Eg a good horse commands $15 win and $7 place. Would you better off to play 4D on ibets or permutaions.
 

ForzaFerrari88

Alfrescian
Loyal
Bro, can you tell me how much do you bet on each race, and if you win how much is
your winnings. What are the odds. I have never bet on horse racing. The last time was in a tuft club back in 1973 just to watch but never bet. I can never understand why people bet on horse when the winnings is so little. Eg a good horse commands $15 win and $7 place. Would you better off to play 4D on ibets or permutaions.

Don't start. You can never win @ horse racing. The only big winners are the Singapore Turf Club and the bookies.
Horse owners themselves are losing a fair bit if their horses turn out to be duds.You are right about the paltry dividend for 'favorites' and there are many fools who continue to punt on these horses as if they are a sure win.:cool:
 

ForzaFerrari88

Alfrescian
Loyal
Horse Racing: Hong Kong Jockey Club condemns Munce decision
Posted: 03 December 2008 2344 hrs


Photos 1 of 1

Australian jockey Chris Munce




HONG KONG: Hong Kong Jockey Club on Wednesday denounced the decision by Australian authorities to allow jockey Chris Munce to return to racing, despite his being banned from the sport in the southern Chinese city.

Racing New South Wales said Wednesday it would not impose the 30-month ban on the Australian jockey, handed out by Hong Kong authorities earlier this week over the notorious "tips for bets" scandal.

The ban would have prevented Munce from competing until September next year.

The Jockey Club's chief executive officer Winfried Engelbrecht-Bresges said the decision could damage the relationship between racing authorities in Hong Kong and Australia, two major centres for the sport in Asia.

"The Jockey Club believes that the unprecedented decision of Racing NSW not to reciprocate the penalty... is in breach of the International Federation of Horseracing Authorities' principle that penalties will automatically be reciprocated whenever natural justice has been afforded," he said.

"This decision has the potential to undermine the integrity of horse racing internationally and threatens the relationship between Australia and Hong Kong.

"The Jockey Club firmly believes the decision will negatively impact on the current level of cooperation between major racing jurisdictions to uphold the integrity of and public confidence in horse racing."

Munce, 39, who was jailed in March last year over the affair and released in October, said he would begin racing in Sydney next week.

The 1998 Melbourne Cup winning jockey, who has been doing track work and trials in Australia since his release from prison, was found guilty of giving confidential tips in return for having bets placed on his behalf by a businessman.

He was arrested in July 2006 with 250,000 Hong Kong dollars (US$32,000) stuffed in his jeans pockets, along with a piece of paper listing bets on races he had tipped.

The case attracted attention in racing circles worldwide. - AFP/de
 

ForzaFerrari88

Alfrescian
Loyal
Club's response to Racing NSW's decision on Munce

3 December 2008

Mr Winfried Engelbrecht-Bresges, the Chief Executive Officer of the Hong Kong Jockey Club ("the Club"), has today responded to the decision by Racing New South Wales (Racing NSW) not to fully reciprocate the decision of the Racing Stewards to disqualify Christopher James Munce from racing for a period of 30 months to expire on 1 September 2009.

When licensed by the Club for the 2005/2006 Racing Season, Christopher Munce agreed to voluntarily submit to the Rules of Racing and Instructions of the Hong Kong Jockey Club. On 1 December 2008, Christopher Munce pleaded guilty to breaching a number of Rules of Racing, including Rules 150 and 151(9) which were in operation at the time he agreed to be bound by the Rules of Racing.

Prior to the conclusion of the Racing Stewards inquiry, Christopher Munce was advised of his right of appeal against the decisions to disqualify him from racing on all 36 counts of breaching the Rules of Racing. He acknowledged that he understood his right of appeal against the decisions of the Racing Stewards. No appeal was lodged with the Club by Christopher Munce or his legal advisors by the prescribed time. The decision of Racing NSW not to reciprocate the penalty of 30 months disqualification from racing without Christopher Munce having exhausted his right of appeal in Hong Kong is disrespectful to the core values of due process.

Following the decision of the Racing Stewards on 1 December 2008, the Club wrote to Racing NSW, the racing jurisdiction which had previously issued Christopher Munce a jockey's licence, and formally advised them of the penalties issued against Christopher Munce. At the same time, the Club requested Racing NSW to reciprocate the penalties imposed by the Racing Stewards. This request was submitted in accordance with Article 10 of the International Agreement on Breeding, Racing and Wagering ("the Agreement"), of which both Hong Kong and Australia are signatories. In correspondence today from Mr V'landys, the Chief Executive Officer of Racing NSW to Mr Jamie Stier, Chief Stipendiary Steward of the Hong Kong Jockey Club, he advised that "Racing NSW is NOT a party to that agreement". The Club is surprised to learn that whilst the Australian Racing Board is a signatory to the Agreement, Racing NSW as a Principal Racing Authority, and therefore a member of the Australian Racing Board, is not a party to that Agreement.

The objectives of the Agreement, amongst others, is "to enhance public confidence in the integrity of the sport of racing..." and to coordinate and harmonise approaches across the world of racing and breeding to promote the growth of the international dimension." Article 10 of the Agreement provides that "When a ban is imposed, the Horseracing Authority must immediately advise the Horseracing Authority of the country where the ...rider is registered or licensed, of the original ban and subsequently of the result of any appeal hearing and, if deemed necessary, request that reciprocation of the penalty be applied. The ban will then automatically apply in that country, subject to any special conditions required by the laws of natural justice in that country (Emphasis added).

In its Press Release, Racing NSW has advised that the penalty of 30 months disqualification will not be reciprocated because the penalty is tied to a breach of a criminal offence under the criminal code of the Hong Kong SAR that does not exist under Australian law. The Club's belief, however, is that similar legislation is in existence in New South Wales.

The Agreement addresses Rules of Racing and makes no reference to criminal conduct. The Agreement also specifically addresses the laws of natural justice being observed. In Racing NSW's Press Release, Mr Peter V'landys acknowledges that the laws of natural justice have been observed by the Club by stating that he "wanted to make sure that it is clearly understood that Racing NSW fully respects the professionalism of the Racing Stewards of the Hong Kong Jockey Club in their handling of this matter. This is reflected in the decision we have taken to reciprocate these penalties." By reciprocating the penalties imposed on Christopher Munce for breaching Rules of Racing 155(7) and 59 (3), Racing NSW has acknowledged its obligations as a Principal Racing Authority in Australia, a country which is a signatory to Article 10. It is worth noting that during the Racing Steward's inquiry, neither Christopher Munce nor his legal advisors raised any issues of natural justice relating the disciplinary proceedings or the handling of the matter. Indeed, the Racing NSW Press Release makes no specific mention of natural justice.

Irrespective of the fact that Christopher Munce was convicted of a criminal offence in The Hong Kong SAR, the penalty of a 30 month disqualification from racing arose from a breach of the Rules of Racing in dealing with corrupt practices that the criminal conviction was specifically related to horse racing.

The Club believes that the unprecedented decision of Racing NSW not to reciprocate the penalty of 30 months disqualification from racing on Christopher Munce is in breach of the International Federation of Horseracing Authorities' principle that penalties will automatically be reciprocated whenever natural justice has been afforded. This decision has the potential to undermine the integrity of horse racing internationally and threatens the relationship between Australia and Hong Kong. The Club firmly believes the decision will negatively impact on the current level of cooperation between major racing jurisdictions to uphold the integrity of and public confidence in horse racing.

This fiasco will have an impact on the racing fraternity. The Singapore Turf Club had better note this precedence.
 
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