November, 2020 | Horse Racing Free Tips

Lady Luck versus Mathematics: The Truth behind Lady Luck

In most cases, people contend that gambling is a game of chance that is why all winning bets are based on lady luck.

Most gamblers would insist that lady luck is the goddess of fate and chances of winning the game. They tend to believe that one stroke of lady luck on a players fate would definitely bring about winning streaks and endless shots of fame and fortune.

However, the concept of lady luck is basically based entirely on the fate of the person and not on the skill of the player depending on the game he or she is about to play.

No wonder why people always utter, “There goes lady luck again” to somebody who consistently wins the game.

However, the problem lies in the fact that the so-called lady luck is not always consistent from day one until day two or three.

On its entirety, the truth behind lady luck is basically dependent on the stroke of luck that falls upon the person right at that very moment.

On the other hand, mathematicians argue that they can combat lady luck into a more realistic viewpoint by using numbers instead of fate or what their stars tell them.

That is why critics of the “gaming industry” would rather call blackjack, roulettes, and other games in the casinos as part of the gaming industry and not gambling industry because they want to let the people believe that the probabilities of winning is not based on chances or some kind of lady luck but on the mathematical statistics of every move.

The Drawback behind Lady Luck

The problem with people relying on their lady luck to smile at them so as to ward off any bad luck is that the modern game tends to fall back on the superstitious beliefs of most primitive people.

Most of the losers tend to believe that they can ward off bad luck by using some techniques such as spreading some salts to ward off bad elements that bring bad luck.

Some even contend that the color of the clothes attract lady luck to come and sit with them.

The Conclusion

Consider this; some mathematicians contend that the odds of having or getting a royal flush are 1 in 649,739. This goes to show that if people will solely rely to lady luck, chances are they will definitely lose more than winning.

The bottom line: gambling is not about winning, it is entirely based on losing. The only winner is the casino owner who calls for the so-called “house advantage” and there is no lady luck to the rescue.

Woodbine Adds Three New Members To Board Of Directors

Woodbine Entertainment (Woodbine) announced Wednesday the appointment of Michael Lay, Mark Saunders and Ann Straatman to its Board of Directors.

“Woodbine is proud to announce the appointment of three new members to our Board of Directors,” said Christine Magee, Chair, Woodbine Entertainment Board of Directors. “The Board is excited to work with such outstanding leaders to help fulfil Woodbine's mission to grow the sport of horse racing in Ontario while making a positive impact on the communities that we operate in.”

Michael Lay is a Managing Partner and Co-Head of ONCAP, the middle market private equity platform of Onex, who invests and manages capital on behalf of shareholders, institutional investors and high net worth clients from around the world. Prior to joining ONCAP in 2000, Lay was Head of the Private Equity Group at Ontario Teachers' Pension Plan. Additionally, Lay is an experienced Board member having served on numerous corporate and not for profit Boards.

Lay is passionate about Thoroughbred racing and has owned and raced horses at Woodbine since 2013. He has a strong interest in working with the Board and Management Team at Woodbine to grow horse racing throughout the province.

“As Woodbine continues to unlock the value of the lands that surrounds our racetracks, Michael's leadership experience will greatly benefit our efforts as we continue to take the prudent steps on our pathway towards self-sustainability,” said Jim Lawson, CEO, Woodbine Entertainment.

Saunders is a retired police officer and most recently, the Chief of Police for the Toronto Police Service. As Chief of Police, Saunders successfully led the largest municipal Police Service in Canada and fourth largest in North America, helping to keep Toronto safe. As Deputy Chief, Saunders created and operationalized the “C3” Unit, a unit whose mandate is to investigate cybercrime and provide technology based investigative support throughout the Service.

As a Queen Elizabeth Diamond Jubilee Medal for Outstanding Community Contributions recipient, Saunders' impact within Toronto communities was immense and includes serving on the Board of Directors at Covenant House Toronto, as a Co-Chair of the United Way Campaign Cabinet, Vice-patron of Haven Toronto (formerly The Good Neighbours' Club) and the Honourary Chair of the 2019 Special Olympics Ontario Invitational Youth Games.

“Mark 's passion for creating safe, inclusive spaces, along with his leadership and community engagement expertise will help Woodbine continue to be an active, responsible and valued member of the communities in which we operate,” commented Lawson.

Ann Straatman is one of the most prominent people involved in Canadian standardbred racing. As Reproduction Manager at Seelster Farms, the largest Standardbred breeding farm in Canada, Straatman uses her 25 years of industry experience to skillfully guide the highly successful operation including directly overseeing stallion acquisition, syndication and management; mare reproductive management, mare contracts and client liaison. Additionally, she is the current Sales Manager of London Selected Yearling Sale and President of Forest City Standardbred Sales Inc. since 2006.

Straatman additionally provides leadership to the industry as Chair of the Board of Directors at Standardbred Canada, Chair of the Board of Governors at Western Fair District; Director of The Hambletonian Society, a member of the Standardbred Breeders of Ontario Association and a member of the Central Ontario Standardbred Association.

“Few people contribute to the horse racing industry to the degree that Ann does,” said Lawson. “Having her broad expertise on our Board of Directors will greatly benefit our organization by having another industry leader offer her expertise and experience to our strategic planning and decisions.”

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Johnson Hopes To Get Sports Crowds Back ‘As Soon As Possible’

Prime Minister Boris Johnson told MPs on Wednesday that he hopes to get fans back into sporting venues “as soon as possible” after reports emerged on Tuesday that the government was exploring having spectators return to venues by Christmas in areas with the lowest COVID-19 infection rates.

With the exception of trial events at Doncaster and Warwick in September-with the former having been cut short due to rising infection rates in the area-racing has been staged behind closed doors since its resumption on June 1. Goodwood and Newmarket had also been set to stage pilot events for the return of crowds in August and September, but those events were subsequently cancelled.

A BHA spokesperson said on Wednesday, “We remain in ongoing liaison with [the Department for Digital, Culture, Media and Sport] regarding the return of spectators to sporting events, both through direct routes and racing’s seat on the ‘major sports’ group which supports the work of the Sports Technology and Innovation Group. We are currently awaiting further clarity from DCMS on the situation, though we are of course aware that this will be a cross-Governmental decision.”

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Keeneland and Cross Gate Gallery to Host Virtual Auction Sunday

The 2020 Sporting Art Auction, a collaboration between Keeneland and Cross Gate Gallery of Lexington that features 188 lots representing fine sporting art, American paintings and sculptures, will be held virtually Sunday, Nov. 22, beginning at noon ET. The Sporting Art Auction catalog is available online at thesportingartauction.com.

Due to the ongoing COVID-19 pandemic, the Sporting Art Auction will not be conducted in person. Bids will be accepted via absentee, by phone through prior arrangement and online at www.crossgategallery.com, www.liveauctioneers.com and www.invaluable.com. Participants must register to bid in advance of the auction.

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