HKJC to Offer World Pool Betting For DWC Meeting

World Pool betting will be available for the Dubai World Cup meeting on Mar. 27, the Hong Kong Jockey Club announced on Tuesday. The 2019 Royal Ascot meeting was the first time World Pool betting was available from the HKJC and resulted in a 60% increase in turnover. During the Mar. 6 Super Saturday card in Dubai, local turnover increased 28.5% and commingled turnover rose 38.7% with World Pool wagering available.

Mr. Winfried Engelbrecht-Bresges, the Hong Kong Jockey Club's Chief Executive Officer, said, “The commingling development in Hong Kong has been an astonishing success.

“In 2019, we created a new dimension to commingling with the first global pool at Royal Ascot which enabled people around the world to make use of huge liquidity and led to a 60% increase in turnover.

“We are applying the same concept to Dubai. As a truly global racing event, Dubai's World Cup meeting attract world class horses, jockeys and trainers. Commingling provides our sport with a golden opportunity to harvest the full potential of global racing.”

Mr. Richard Cheung, the Hong Kong Jockey Club's Executive Director, Customer and International Business Development, added, “We would like to thank PGI as well as our network of global commingling partners to make this happen. Sustaining the momentum of international cooperation as the commingling industry have been is key especially during the challenging time of COVID.”

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Unfinished Business: Hong Kong Champion Trainer John Moore Returning Home To Australia

John Moore sits at the open window. His elbows rest on the worktop, his hands cup binoculars in a steadying grip and his eyes study a horse galloping head-on towards his elevated position. He lowers the Zeiss glasses, tilting them away casually in his right hand; his left hand takes hold of a stopwatch and clicks. The gelding whisks away to his left, its hooves cutting and flinging clouds of dark dirt as it sweeps around the track's right-hand curve.

Moore is in his corner on the first floor of the Sha Tin trainers' stand. It's been his morning perch since 1985, a prime spot with a direct view up the dirt track's finishing straight. From this vantage, he has called out countless instructions to work riders; he has watched Beauty Generation's bullyboy bravado and Able Friend's amiably belligerent daily pause; and he has held court – when the 'internationals' arrive each December, Moore's corner is ever a hive of visitors, old friends chatting and agents angling.

His work-watching routine doesn't deviate much: he parks his blue-trimmed white bicycle by the running rail, takes a leather folder from the front basket and unhooks what looks like a black zip-up washbag from the handlebars; he crosses the turf course, ascends the narrow switchback stairs to his familiar berth, opens the little bag and unpacks binoculars, pen and stopwatch.

“It's the same kit as when I started; the only difference is that I have this phone now, too, but I still use the stopwatch. I might be the only one here who still times them for themselves; I want to know straight away, so I know what they've done when I'm looking at them back at the stables,” he says, “I don't want to have to wait for the Jockey Club times.”

He copies the numbers from the handheld clock's digital display on to a sheet of paper placed on the left side of the folder.

“He's a workaholic, he's a neatness freak,” says Douglas Whyte, the 13-time champion jockey-turned trainer who observed Moore closely before setting up his own stable. “But more than anything,” he adds, “it's his timing, especially with the big races; he gets a horse on song and gets him to blossom at the right time.”

Moore first clocked horses one morning 52 years ago when, at age 18, his feet took their belated maiden step on to a racecourse. That day set the counter on a span that has taken him to horse racing's pinnacle; Hong Kong's best-known trainer, a seven-time champion, the city's big-race maestro and the handler of champions, the one with the most wins on the board and stakes money in the bank.

But, on 15 July, his time will run out; rules are rules, and, at age 70, the Hong Kong Jockey Club's compulsory retirement will take effect and his Hong Kong era will end. Moore, who bridges right back to the months leading into Hong Kong's professional dawn, will pack up his safari suits, panama hats and ready soundbites, and depart for Rosehill Gardens racecourse in Sydney, not too far from where it all began in an old gypsy caravan at Randwick.

The accidental trainer

Riding horses was a staple of Moore's upbringing – “it probably goes back to the first time I sat on a horse at one and a half, or two” – he was immaculate in the show ring, and he cut his racing teeth in boyhood pony races against his brother Gary on the family property.

His father, George Moore, was one of the world's finest riders, a champion jockey worthy of the oft over-used 'great' epithet, who achieved fame and fortune not only at home in Australia, but also in Britain, France and the United States; a rider associated with doyens and legends of the turf like Prince Aly Khan and Alec Head, T. J. Smith and Tulloch, Noel Murless and Jim Joel – and the last-named pair's Derby-winning champion Royal Palace. His dad's sister, Margaret, was married to jockey Garnet Bougoure.

But, while Gary, two years his junior, was developing towards a career as an elite jockey in his own right – apprenticed at 15 to no less a master than the aforementioned Head – Moore's cricket and rugby at Cranbrook School in Sydney kept him busy most days, including weekends. Afternoons at the races just didn't fit his schedule.

“I captained the school rifle club, too, would you believe?” he says, and his rifle once felled a kangaroo at Yarraman Park, the stud farm his father sold on to the Mitchell family in 1968. He put the hide to good use, adorning what was then his absolute pride and joy, a white Mini Cooper S with red upholstery and mechanical foibles that played a hand in changing the course of his life.

“I loved my Cooper S; I took the kangaroo, it was the worst skinning you've ever seen, but I made it as the car's console and the gear stick,” he recalls, with a grin.

Moore relates how he was working at a stock broker firm, Patrick (Levy) & Co., when, after a late Friday night at The Oak in Double Bay, his Cooper S caused a stern confrontation with his father.

“I was in the two-car garage, below dad's bedroom, and I couldn't turn the engine off; I'd just put a new choke cable on and I had trouble, I had to jump out, lift the bonnet and release that choke cable that had caught on the throttle,” he says.

“I knew what was going to happen; dad was waiting at the front door for me. And he gave it to me: 'Son, you don't know how much work I go through to take weight off and ride the next day, you're going to go to the track and you're going to learn.' And that's how I came to be in an old wooden gypsy wagon at Randwick with Tommy Smith.”

He remembers the curved roof and a spartan interior containing some seats and a shelf.

“We'd look straight out, the horses would come over, and Mr. Smith and the other trainers would be giving them instructions,” he continues. “He gave me a clock; I'd never clocked a horse before, I'd never been to the track before. He said to me, 'Here's a clock, son, look over there at the half-mile and start clocking'. Dad's riding trackwork and I'm up in the gypsy wagon!”

He told Smith he could ride and within days he was riding trackwork. Another trainer, Darby Armstrong, approached him and before he knew it, he was riding as an amateur at 'picnic' races, starting out at Campbelltown.

“Mum was kind enough to take me in the Jaguar and I arrived like King Farouk!” he laughs. “I fell off at the start of the cup but got back on and ran second, and finished leading jockey on the day; I came home with about 100 bucks in my pocket and I said 'how long's this been going on?'”

He rode the picnic circuit once a week with Joe Manning booking his rides, and then he was called home to the family's new property, Hopewood, a cattle ranch near Gundagai, New South Wales; George had taken a bad fall at Canterbury and would be out of action for a period of months. The cattle needed tending, Moore's stockbroking job in the city was suddenly over and he was about to get his first experience as a racehorse trainer.

His father got hold of three horses for him, the aged but high-class Amusement Park and Beautirage, and a capable maiden, Border King, “for dad to have a bet”. Moore opened two gates and drove a John Deere tractor with a disc plough to “turn the red soil” and make an uphill gallop, a rough copy of what he had seen in Newmarket in the summer of 1967.

“Dad said 'you're going to do everything'. The only thing I didn't do was farrier, but I still had to learn how to pull a shoe off. So, I've gone from 'Pitt Street farmer' to full-on horse trainer,” he says, referencing Sydney's downtown business district.

“If I didn't work them in the morning, I rode them out on cattle work all day – it was a pure cattle ranch, no broodmares. That's how I got into it. We had a two-horse float and I'd go to the race meetings.”

The first time he saddled runners was at Tumut picnics in southern New South Wales and George went with him.

“If I remember right, Amusement Park won the Cup and Border King won the maiden – I think I rode three winners on the day – but the general manager got drunk at the bar and forgot to put the money on and dad blew up; we won but dad always said I was the worst rider he'd ever seen!” Moore laughs.

“Dad had the name but he made sure I started with an appreciation of what it's like at the bottom; I had to muck out and he said to me, 'you make sure you're on the job by eight o'clock'. Overalls and a pair of galoshes, that's what I wore every day until I could drive out of there and head back to the life I liked. But that was the basis to me becoming a horse trainer – I'm the accidental trainer!”

Best of the best

It was the morning after the 2014 LONGINES Hong Kong International Races. The winter sun was low but bright, a warming foil to the chill wind that blustered off the Shing Mun River and whipped sand in a skin-stinging dance around the Sha Tin yard.

Crouched in a saddling stall, sheltered behind a wood chip board, Moore and Joao Moreira hunched low on small plastic stools that would have comfortably seated a pair of pre-schoolers, and they laughed.

“We're up in the stratosphere! We're still there, we haven't come down yet,” Moore said, and he beamed like the Cranbrook schoolboy he once was.

“It's like we're drunk or something,” Moreira chipped in. “The feeling is something else.”

Trainer and jockey had, the previous afternoon, carried off Hong Kong's two richest prizes: the street-fighting Designs On Rome had seen off former stablemate Military Attack in a head-bobber to win the LONGINES Hong Kong Cup and Able Friend had taken quickening strides towards greatness with an imperious victory in the LONGINES Hong Kong Mile.

“It's the biggest result of my career,” Moore asserted as he sat there.

His reputation as a big-occasion trainer was booming; it was nine months after Sterling City gave him a bedazzling success on the globally-significant Dubai World Cup night, but a time before Werther, Rapper Dragon and Beauty Generation came along and added further layers of gilded gloss.

Now, more than five and a half years on, the eye-catching haul of big-race wins and the champions Moore has nurtured set him apart from his Hong Kong peers. He has 61 wins in Hong Kong races designated Group 1, or the old HKG1 from before the Hong Kong Jockey Club gained 'Blue Book' recognition; his fully-fledged G1 tally stands at 36, with four of those achieved overseas.

John Size has an outstanding 11 premierships, but, by comparison, his tally of G1 wins comes in at 13, while fellow champion trainers Tony Cruz and Caspar Fownes have 22 and six such successes.

“It's going to be very hard to replace him. I don't know if you can replace like for like,” says Beauty Generation's regular partner Zac Purton.

With two race meetings to go, Moore has accrued a Hong Kong record 1,734 wins from 16,330 runners, and prize money approaching an unsurpassed HK$2.1 billion; he was the first trainer in the city to reach 1000 wins, the first to break the HK$1 billion mark, the first to train a horse to win all three legs of the Classic Series; he has won the Hong Kong Derby a record six times; his stars have taken the coveted Hong Kong Horse of the Year title nine times, and two of those, the mighty Able Friend and Beauty Generation, are the co-highest rated gallopers in Hong Kong history.

He is Hong Kong's undisputed big-race king, but it wasn't always so. “I was a slow starter,” he says, recalling his early years as a licensed trainer.

World view pays off

Moore's life and career reveal a knack for spotting an opportunity's potential at an early stage, or tapping an emerging trend and capitalising. That was the case in the spring of 1971 when he arrived at Kai Tak airport via France and Singapore, and realised something possibly big was brewing in Hong Kong. His father knew the chief steward's brother, helped him get a licence, and he rode the final months of the last amateur season, then stayed on as a professional.

“I lived on Kowloon-side in a little 200 square-foot room,” he recalls of those days when, every morning, he and fellow rider Geoff Lane would take a stomach-churning journey across Victoria Harbour in a walla-walla, a small water taxi.

“When the professional season was about to start, Geoff was one of those invited to ride: Gumbleton, 'Flapper' Yates, Bobby Elliott; a few of the amateurs kept going, the MacMillan brothers kept riding for a season or two after that.”

But his father was about to set up in Chantilly, France, training for big-hitting American owner Nelson Bunker-Hunt; Moore was flown to the United States for a meeting, the idea being he would be part of the set-up too, but his head – if not yet his heart – was already in Hong Kong. He turned down the offer and returned to Asia.

Gary flew in for a visit and by 1972 the Chantilly experiment was over, his father followed and the whole George Moore clan was in situ, together, in an apartment close to Happy Valley racecourse. The patriarch and great jockey-turned trainer gave the new pro racing scene the kudos it required, with youngest son riding as stable jockey – between carving out his own impressive collection of majors in Australia and Europe – and eldest as the back-up: “I was more dad's lead work rider,” Moore says.

That didn't stop him collecting 23 wins – the first being Connetable – from 304 rides as a jockey between March 1971 and the 1976/77 season. In the first season of the professional era, Hong Kong staged only 258 races, rising to 411 in Moore's final season as a rider.

By 1985 he had gained experience observing and working with some of the world's best trainers – Kevin Prendergast in Ireland, Colin Hayes in Australia and Charlie Whittingham in the United States.

“The feeding in America, it was amazing; I turned everything around for dad with nutrition, that was the key, turning around from the old oats, maize, barley, wheat. What Charlie Whittingham was feeding on top of the grain was amazing. And, you know what, today I still have my little pad; I wrote everything down, the way he fed, the times he fed, leading into races – I noted everything in that notepad and kept it,” he says.

When George, Hong Kong's dominant trainer with 11 championships on the board, decided that year to retire after heart bypass surgery, Moore stepped in.

“I was leading trainer in my first season but that's because of what dad left me. I think I would have had to have been pretty bad not to be,” he says of that first campaign, which yielded 48 wins from a 482-race season.

“I had so much to learn, even though I'd spent time with some of the world's greats. I needed time. It took me a long time to come to grips with being a confident trainer; it was trial and error, until I learned how to kick a horse's programme off. I needed to learn management and the ability to go to yearling sales and also buy tried horses worldwide. I learned nothing about yearlings from 1971 until the early '80s, that's one thing I was missing.”

He turned to bloodstock agent John Foote, a connection through jockey Brent Thompson from his time spent at Lindsay Park with Hayes. Foote helped Moore's Australian sourcing and the combination brought the handler a Stewards' Cup winner in 1987, Distinction. Motivation came in from Argentina and won the 1993 Hong Kong Invitational Cup, now the G1 Hong Kong Cup, and in the later 1990s they spread their net to the United States.

“I bought John Size's number one miler at Keeneland,” he says. “People think Ricky Yiu bought Electronic Unicorn, it's totally wrong, I picked the horse out with John Foote; I fell out with the owner and within three months of him entering the stable he had moved him to Ricky Yiu, and then he was Horse of the Year for John Size.”

Moore had seen rival champion trainer Brian Kan start to enjoy success with European imports and he spotted an opportunity to tap the same pool but with the intention to snare nicer types. Foote connected him to Luke Lillingston and from that came a successful association with Alastair Donald. The 21st century saw Moore's stock improve as he purchased tried European horses of higher quality – and he did the leg-work, going to Europe, attending Ascot and Goodwood, flying over to Ireland.

“I remember one day we set off from Brighton, I think it was, and went all the way up to the north, to Scotland, to see a horse; we went everywhere,” Moore says, throwing his arm out to emphasise the distances he would travel.

From starting out, it took him almost 10 years to get his first real star, the New Zealand import and 1995 Hong Kong Derby hero, Makarpura Star; it was another 11 before his next champ won the same contest, Viva Pataca, a US$1 million buy for Stanley Ho, out of Sir Mark Prescott's Newmarket yard. But, since 2006, it's been 'viva' almost all the way.

“John's willingness to go out on a limb and procure a good horse has been outstanding as far as Hong Kong racing is concerned,” observes rival champion Size. “He's been an exceptional example of someone who can acquire a horse from overseas and win big races in Hong Kong with it, which is no mean feat. It's difficult to get horses from Europe and Australia to make the adaption and go on and be Group 1 horses – he's done that very successfully.”

With so few G1 races on the Hong Kong calendar before the turn-of-the-century, Moore's first arrived 22 years into his training career, in 2007, when Able One and Viva Pataca won the Champions Mile and QEII Cup; remarkably, Moore saddled the same pair to win the same two races fully three years later.

Having found his stride, he didn't falter. The G1 winners kept coming, mostly from his summer European scouting trips: Xtension, Dan Excel, Military Attack, Dominant and Designs On Rome. But success brought a cost, the rising price of those European horses to eye-watering levels. He spread his net wider again; he looked back to Australia for tried gallopers, and in came Werther, Rapper Dragon and Beauty Generation, while the southern hemisphere yearling sales yielded Able Friend and the unfulfilled brilliance of Aethero.

Champions and beyond

Ask Moore on most given days to recall his finest career moments and his response would be restrained, almost evasive, making plain that he lives more for the next big win than for dwelling on past glories. But in Able Friend and Beauty Generation he nurtured two horses of such outstanding ability that it would be nigh on impossible for any trainer not to reflect on their achievements somewhat wistfully.

Able Friend had a stunning burst of speed that belied his hulking chestnut frame. The Shamardal gelding vied for four-year-old honours with fellow Horse of the Year and stablemate Designs On Rome, and then dominated the Hong Kong mile scene for a season; he was even designated world champion sprinter after a sensational last-to-first win under a hefty top-weight in the G2 Premier Bowl Handicap (1200m).

“You can have favourites and you can have the best. Able Friend, we had him from day one, we bought him at the yearling sales and he went on to be world champion miler,” he says and leaves it there.

Moore and son George purchased Able Friend for AU$500,000 and the gelding took the stable to its highest peak. Incredibly, within three years, Moore matched that summit – some would argue surpassed it – with Beauty Generation, a New Zealand-bred bought privately out of Australia, where he was G1-placed as a three-year-old.

Beauty Generation evolved from Derby wannabe to juggernaut miler, an eight-time G1 winner, a two-time Horse of the Year, Hong Kong's record stakes earner – topping Viva Pataca – and the first horse to break the HK$100 million earnings barrier. At his peak, he was invincible, and Moore made him so.

“Beauty Generation, I had to work out what I was doing with him,” he says. “Was I going to concentrate on what was not only his physique but also what was offered on the programme? He came here as a horse who could go 2000 metres, he holds the 2200-metre track record here at Sha Tin. But the change was two-fold: to my eye, he looked like a sprinter-miler, and then there was the fact that we have so many mile and 1400-metre races on the programme, that was a big factor.”

Moore's skill at bringing in a horse from overseas and being able to acclimatise it, and school it in the tough Hong Kong environment, has been a hallmark of his career. Able Friend's old partner Moreira, notes that “he brings them over and then is able to rise them and get them to perform at their very best,” and that is no easy feat. Plenty of big-reputation imports have flopped, and Moore himself has had his share of failures, but no other trainer has succeeded in producing champions in Hong Kong like he has.

“People ask how do I peak a horse? As far as I'm concerned, it's knowing the horse, really understanding that individual. It's not training stereo style,” he says.

“It's all individual, I treat every horse so differently because I just love the animal so much. If I trained a few hundred horses, I'd feel guilty, I'd be missing something. With 70 horses in Hong Kong, I can know the horses. With more than 100, I'd miss something, like Thanks Forever, he looked like the worst of the lot, with his terrible action, but you get to understand the horse and nurture him and accept him for what he is, and then he's placing in Group 1 races.”

Moore will take that method forward, for his Hong Kong departure is also an Australian return. He has unfinished business and he believes he has time still to complete, with a small string of about 20 or so horses and the backing of owners like the Kwok family, Bon Ho, Matthew Wong and Arrowfield Stud. He will take his stopwatch and his binoculars, and five decades of experience, and he will try to get the remaining bucket list item he most desires.

“I want that Group 1 win in Australia. I got one as an owner with Eagle Way – Bryan Guy trained him – but I want a Group 1 there as a trainer,” he says, his eyes narrowing.

Australia is his future. When the lights go out at Happy Valley on Wednesday, 15 July, for the first time since 1971, John Moore will not be a licensed participant on the Hong Kong racing circuit. That time is up.

The post Unfinished Business: Hong Kong Champion Trainer John Moore Returning Home To Australia appeared first on Horse Racing News | Paulick Report.

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Thoroughbred Idea Foundation: Hong Kong Announces Trio Of Wagering Enhancements

Last week, the Hong Kong Jockey Club (HKJC) revealed a flurry of enhancements to wagering for their 2020-21 season which begins in September.

The HKJC will be offering the forecast bet, known as an exacta in America, a reintroduction of a bet that has been absent, locally, for the best part of five decades.

The quinella (first two horses in any order) and quinella place (two of the first three horses in any order) are the most popular wagers in the jurisdiction which generated roughly $16 billion from its 88 race dates and roughly 20 imported simulcast cards from a season ago.

To ensure proper liquidity (sufficient pool size to attract large bets without monumental market shifts) for the exacta pool, the HKJC announced it will merge exacta bets into its trio pool (a trifecta box bet), using technology provided by Longitude, a NASDAQ-owned firm which has partnered with the HKJC since 2013. To understand how merging pools works, this five-minute video from Longitude helps explain the process, while this article published in May 2019 will help too.

An added benefit to those regular participants in the trio pool will be a reduced takeout rate, with the exacta/trio merged pool offering a takeout rate of 19 percent. Previously, the trio takeout rate was at 25 percent. The takeout drop of 5.5 nominal points represents a 22 percent decline from the previous rate, a boon for players, yielding higher payouts to winning players which will yield increased betting churn.

Even further, the HKJC will increase the rebate customers receive on its quinella and quinella place pools by 20 percent, going up from 10 to 12 percent. The rebate applies to all losing bets of HK$10,000 (about US$1,300) or more, placed either in person or through one of the HKJC wagering platforms, in either the win, place, quinella and quinella place pools. The win and place losing rebate remains at 10 percent.

BETTOR ENHANCEMENTS, BETTER SPORT

In this one release, the HKJC introduced a new bet type for their customers, facilitated this bet type with modern tote technology, reduced takeout on an existing bet type and increased rebates on two bet types for a segment of customers.

The South China Morning Post reported on the amendments:

“We believe these changes will provide more value and options for different segments of our racing fans, meanwhile reinforcing deep pool liquidity which is one of the competitive advantages of Hong Kong racing as a global commingling hub,' Jockey Club executive director of customer and international business development Richard Cheung Che-kit said. 'More gaming demand will also be channeled back for good causes.'

“The latter point refers to one of the Jockey Club's charters, which is to serve the community, and as a result it is one of the biggest charity donors in the world.

“After paying its tax obligations, 90 per cent of the club's annual operating surplus is donated to charity, with HK$4.3 billion [US$550 million] going to 294 projects in 2018-19.”

Betting is a truly massive business in Hong Kong, with total handle being nearly 50 percent higher than all of American racing's handle last year despite offering wagering on about 97 percent fewer races.

There is plenty of competition in the marketplace which makes this overall performance all the more impressive.

Macau, an hour's ferry ride from Hong Kong, and now connected to Hong Kong via a bridge and tunnel complex, puts Las Vegas to shame from a pure betting consideration (in 2017, Macau gaming revenues were five times that of Vegas casinos).

The HKJC also runs soccer (football) betting, which started in the 2003-04 season with total handle of HK$16 billion and has grown to HK$114 billion by the end of the 2018-19 campaign. Unregulated online operators (the so-called illegal markets) provide even sterner competition for racing, soccer and all other sports, with massive rebates, credit betting and low overhead.

The battle is relentless, and it drives HKJC innovation.

But racing wagering's success in Hong Kong was not always the case. In 2016 at the Jockey Club Round Table Conference in Saratoga Springs, the HKJC's Chief Executive Officer Winfried Engelbrecht-Bresges reviewed the challenges Hong Kong faced from external forces and what was needed to regain racing's competitiveness.

“…[We] still found ourselves in a difficult situation from the business side because our pricing, we think, was wrong. We saw a significant dip in our turnover after the Asian financial crisis. We had another issue with SARS. So, if you look at the business results, you could argue why put all this effort in to the [handle] if [it was] reducing?

“What we found…was that we had significant competition from Macau and the illegal market, and especially the illegal market was what concerns us, because they were offering rebates to attract the top players to play with them. We could convince the government to change the turnover tax to a gross margin tax, and we introduced a rebate of 10% of bets on standard bets over an amount of 1,200 U.S. dollars. This immediately showed the price elasticity, that we could turn around the decline we had in racing, and we in a way were able to capture a significant first part of the illegal market.”

The HKJC saw nominal total handle fall from HK$92.3 billion to HK$60.0 billion over the ten seasons ending in 2005-06, a raw decline of 35 percent.

Over the next 13 seasons, annual handle rose to a peak of HK$125 billion, a nominal increase of 108 percent from its lowest point. The total number of race days for wagering to accumulate such handle did increase, but at its peak, only by about 25 percent.

NO EXCUSES

When Americans are presented with the Hong Kong model as one to follow, simple excuses fly with ease.

“It's a monopoly, they have total control…The betting culture is different…There's no comparison.”

While the HKJC exercises extreme controls on many aspects of the business, in particular horse ownership, the sustainability of racing through competitive prize money has been well-assured because of the relentless improvement of the wagering product. Ensuring this attractiveness is a host of free information. Millennial horseplayer John Camardo outlined the attractiveness of wagering on Hong Kong because of the free data available in his January letter.

Workout videos, extraordinary veterinary records, free past performances and detailed sectional times, among other information, is all easily obtained via the HKJC website.

Just because something is going well now does not mean one can ignore evolution. If anything, it provides even more incentive.

In one fell swoop, the HKJC addressed three major issues in ways almost exactly opposite to the behavior of American operators over the previous 20 years – they increased customer options, enabled by modern technology and improved pricing for customers. With its global commingling of tote pools in place, Hong Kong is attracting an increasing amount of wagering from America.

It's simple to see why.

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