Bet to win.
Lingfield 2.45 He’s Our Star – win bet
Chelmsford 7.0 Maajdah – win bet.
Bet to win.
Lingfield 2.45 He’s Our Star – win bet
Chelmsford 7.0 Maajdah – win bet.
The first thing you need to do is decide what your stake is. Maybe you are going to Las Vegas for 4 days and your “play money” is $1,000. If you are smart, you will divide this up equally and only play with $250 per day. If you lose your $250 the first day, stop. Wait until the next. This is probably one of he biggest tests of self-discipline.
The next thing you want to do is avoid blowing your daily wad in one sitting. With your $250, take out $100 and get your chips and start to bet conservatively. You want to stretch out the playing experience and play the ups and downs. Make sure you check out the minimum amount for the table.
Let’s say you take your starting $100 and bet $5. You lose the first hand. What do you do next? Many players will double their bet hoping to break even by winning. This is commonly called throwing good money after bad. What you should do is continue to bet the $5 and if you lose 3 or 4 hands in a row, change tables or take a break.
Never send good money after bad.
Now, let’s say you win that first $5 bet. The next hand you should increase your bet and make it $10. If you lose, go back to your original $5 bet. If you win, continue to increase your bet. Don’t double it each time; just make it a bit bigger. So, this time you wager $15. Again, if you lose, go back to the initial $5 bet. If you win, bump it up to $20. This way you are increasing your bet and still retaining some of your winnings. Always go back to your initial bet once the streak is over. Don’t walk away from table saying “I wish I had bet more”.
When you play blackjack, you will find that there are up and down streaks. You want to minimize your losses during the losing and increase your bets when you are winning.
I can remember playing in Canada, and there were five of us on the table. I had been having a bad day and just sat at this table and immediately started winning. This was a $5 minimum and that is what I started with. I kept increasing my bet as I was winning and in about an hour, I won over $3,000. My tablemates were all buddies and were betting $5 per hand whether they won or lost. They all won, but not much. They could have won so much more but didn’t know the correct strategy.
So, plan your money strategy as wisely as you plan your playing strategy. Smart betting, self control, and riding the winning streaks, will net you much more money. Good luck.
There are folks who sound like broken records when it comes to first-crop sires, complaining that breeders who use them and buyers purchasing those yearlings at auction are about as foolish as dunk-tank clowns. However, when one of those sires succeeds with his first 2-year-olds, those same people are usually the first to wax eloquent with platitudes, forgetting what they'd said earlier. That's human nature, I suppose.
What they forget is that all sires start out with first crops, and there are people on the other end that wildcat for next big sire–the next Into Mischief, Tapit, Curlin, Uncle Mo, Quality Road, etc. It's a given that most horses that enter stud will fail, but every year a few stars will appear to justify the process. This year, for example, Three Chimneys's Gun Runner (Candy Ride {Arg}) is on a tear with his first juveniles, with five black-type winners to date, including two at the highest level. In Europe over the weekend, Coolmore America's Caravaggio (Scat Daddy) and Overbury Stud's Ardad (Ire) (Kodiac {GB}) were represented by the winners of the G1 Cheveley Park S. and the G1 Middle Park S., respectively, from their first crops. There are too many current and historical examples of first-season success to list here, but it shouldn't surprise anyone that it happens, because these horses tend to get their best books of mares in their first years at stud, their own intrinsic abilities aside.
Sometimes, yearling sales will tip off future success. Gun Runner, a Horse of the Year who entered stud in 2018 for a $70,000 stud fee, led all first-season sires at Keeneland September in 2020 with an average price of $253,750 for 32 sold, and that was during the height of COVID, which depressed prices across the board. Because of his exceptional early success on the track, Gun Runner's second crop of yearlings benefitted, averaging $325,925 for 40 sold at Keeneland this year.
With COVID now somewhat under control, yearling prices soared across the board at Keeneland, which concluded last Friday, and the unequivocal star of first-crop sires was Lane's End's City of Light (Quality Road), with an average price of $372,872 for 47 sold–almost an average of $50,000 more than the Gun Runners. More germane, City of Light entered stud for $35,000 in the same year that Coolmore America's powerful Scat Daddy duo of Justify, a Triple Crown winner; and Mendelssohn, a half-brother to Into Mischief and champion Beholder, started out for fees of $150,000 and $35,000, respectively.
Justify had 61 sell for an average price of $367,721, which placed him second behind City of Light. Mendelssohn, with an identical initial fee to City of Light, had 64 yearlings sell for an average of $160,078. City of Light, Justify, and Mendelssohn led all first-crop sires at Keeneland by average price, and the sales results for all of them were excellent returns on investment for breeders and consignors who'd supported them. But it's obvious that City of Light's numbers stand out.
Moreover, a $1.7-million colt by City of Light topped the sale, and for good measure, he had another colt bring $1.05 million.
A $710,000 Keeneland September yearling bred by Ann Marie Farm, City of Light is an exceptionally attractive physical specimen, tall, athletic, and rangy, built very much like his sire, who also stands at Lane's End. When it was announced in late 2018 that City of Light would enter stud at Lane's End, the farm contacted me to write a piece about him for its website. I said this about his sire:
“The scope of Quality Road's success at stud has been astonishing, though not entirely surprising given his looks, race record, and pedigree. Bred and raced by the late Edward P. Evans, Quality Road is by Elusive Quality and is therefore a member of the Gone West branch of Mr. Prospector. On the bottom, he traces in tail-female to the highly influential mare Myrtlewood (seventh dam), from which Mr. Prospector (fourth dam) and Seattle Slew (fifth dam) also descended. Speed was the salient characteristic of these horses, and Quality Road expressed that trait by setting three track records, one at 6 1/2 furlongs and two at nine furlongs. He stayed 10 furlongs well enough when second in the GI Jockey Club Gold Cup, beaten a length. He is physically attractive, with height, length, and balance, and he was nimble, athletic, and notably fast for a 16.3-hand specimen. He reliably passes along his physical and aptitudinal traits to his offspring, who are effective from sprints to classic distances on dirt and turf at the highest levels, and as a sire, he has ascended to elite status in a short time.”
Todd Pletcher, who has had his hands on more top-class stallions than anyone else, guided the career of Quality Road after taking over from Jimmy Jerkens midway through the colt's 3-year-old season, and perhaps it's fitting that Pletcher's longtime assistant Michael McCarthy trained City of Light for owners Mr. and Mrs. William K. Warren, Jr.
City of Light was a top-class racehorse, winning six of 11 starts, and he was never off the board in his other five races, earning $5.7 million. Most notably, the colt won two Grade I sprints at Santa Anita over seven furlongs, the Malibu S. and the Triple Bend S.; the GI Breeders' Cup Dirt Mile at Churchill; and the GI Pegasus World Cup Invitational S. at Gulfstream over nine furlongs. In between, he'd also placed third in the GI Gold Cup at Santa Anita over 10 furlongs. By racing aptitude, he was also very much his father's son, and he was unlucky to never have won an Eclipse Award.
City of Light is from the Dehere mare Paris Notion and comes from a family developed by Ray Stark and Fares Farm that also includes Grade l winners Fabulous Notion (his second dam), Cacoethes, Subordination, and Careless Jewel.
With the physique, sire, race record, and female family behind him, it's no surprise he was a hit with breeders from the beginning. WTC bloodstock editor Frances J. Karon tweeted a photo of him at Lane's End in February of 2019 and wrote: “If you like Quality Road–and who doesn't?!–you will *love* his son City of Light, a real 'wow' horse.” And in another tweet on the same thread, she wrote: “City of Light won the GI Pegasus barely more than 30 days ago. Horses aren't supposed to look this phenomenal a month out of training, so that tells you a lot about this guy.”
Usually, a stallion's stud fee will decrease after his first few years at stud, but that wasn't the case with City of Light. In 2020, he went up $5,000 to $40,000–the same fee he was at this year. That's a testament to his popularity.
His first weanlings to sell confirmed this, with 20 selling in 2020 for an average price of $190,875. That was the clue that he was going to be a hit at the yearling sales this season.
So far, there haven't been too many Quality Road sons at stud, but one who is doing well this year with his first crop is Darby Dan's Klimt, a Grade l winner at two. Klimt is in a different price range–he's been at $10,000 all four years at stud–but he's sixth on TDN's first-crop list with progeny earnings of $620,916. Klimt has 12 winners, which makes him co-tied for fourth place in that category, and has three black-type-placed horses.
These are good signs for City of Light, and all eyes will be on him next year when his first runners hit the track.
Sid Fernando is president and CEO of Werk Thoroughbred Consultants, Inc., originator of the Werk Nick Rating and eNicks.
The post Taking Stock: City of Light Stars at Keeneland appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.
The 2020 financial results were announced by Ascot Racecourse on Wednesday. Total turnover was down by 77% due to COVID-19 restrictions with only two racedays being held with spectators and another 18 run behind closed doors. There were also five lost racedays due to the pandemic and one abandonment due to inclement weather. Pandemic insurance and support from the UK Government through the Coronavirus Job Retention Scheme and business rates relief prevented a pre-tax loss of over £31 million. In addition, the staff were restructured to adjust to pandemic trading conditions. At the end of 2020, the gross debt for the racecourse stood at £59.4m compared to 2019's £57.4m. A standby loan facility of £20m until 2023 was arranged through the Government Coronavirus Large Business Interruption Loan (CLBILS) scheme, but was not drawn down.
Guy Henderson, Chief Executive Officer at Ascot Racecourse, said, “2020 was naturally a difficult year with trading conditions and results severely affected by the Covid-19 restrictions. The financial impact was mitigated by cushions such as the Coronavirus Job Retention Scheme, Business Rates Relief and pandemic insurance for racing without crowds, but Ascot's financial position and ambitions have suffered a setback.
“Ascot had to reduce fixed costs at the end of 2020. Having to lose dedicated and loyal employees, who had contributed to Ascot's success over recent years, was hard for all concerned. I wish to pay tribute to and thank all our staff for their dedication and commitment in such difficult and uncertain times.
“We also wish to thank all our partners, suppliers, sponsors and various customers for their support.
“Without pandemic insurance this year and with strict limits on crowds at Royal Ascot for the second year, we currently forecast a significant pre-tax loss in 2021. That said, the business is on track to end the year without having to increase debt in 2021. This will provide a solid platform from which to bounce back from the pandemic in 2022 and 2023.
“Prize money and capital investment have inevitably been impacted as a result of the pandemic. We plan to build back on both fronts to pre-Covid levels as prudently and as quickly as practicable from next year. Attracting and rewarding the best quality racing and providing top class facilities are important business priorities.
“Royal Ascot in the Platinum Jubilee year will be a huge celebration and our focus is on delivering a unique event for everyone to enjoy across the globe.”
The post Ascot Racecourse Releases 2020 Business Summary appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.