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Trying to figure out ways to figure out ways to solve that issue. I don't [INAUDIBLE] There's also this. This is [INAUDIBLE] Basically chariots. [INAUDIBLE] This is a whole different world [INAUDIBLE] Two, two and a half miles or so, and a little bit slower obviously, right? Because they're pulling all of this [INAUDIBLE].
In general, legs range depends on what kind of horses you're racing. The problem is, is a lot of whats called fourth horse racing, for three hundred to four hundred yards. Standard are between four furlongs. There's eight furlongs to a mile. And then theres also high stakes. So the triple crown goes Kentucky Derby, Preakness, then Belmont City Oncasinogames Canada. Belmont City is the longest of these, almost three to four weeks to beat each other. That's really pushing it for a lot of these horses. And so the wind for it will count it as it was done recently. That's a pretty basic. I myself when I lived with New York every year we would go and it was a really crazy experience. Going to the Belmont stakes. You would have people who would be stooping looking for tickets and everything but then we would have form It's past [INAUDIBLE] right. So it really does appear to have select really very cultural. There's also professional, so when I went to Portland on the 31st I got this little pen cap from Bob. And Bob is one of the craps stewards there and he releases his own little picks and what you should [INAUDIBLE] for each race. This kind of leads to some weird stuff, right? Because everyone else also has this information. So do you go with this expert,right? You go with everyone else and what they may be following? Or do you kind of go the other way? There are also reading horses themselves, if you are around horses and you have a lot about there behavior what they look like, or should look like, you can also kind of read them, there's two places you can do that there is the paddock area. So before a race they'll actually On the path, and all of the saddles, and get the jockey on. And that's usually right around that area. There's also called the post-breed. So as they go out onto the track, we're going to move around and kind of get ready. If the horses are looking really slow and jumpy, you'll want to bet on those. If they're looking over-anxious, you know, sweating a lot. There's a lot to it. Also how does the horse interact with jockies as well right? I myself, I don't do this a lot. My wife on the other hand this is the way she really does this since her family has had horses in the past, and so she's really good about looking at and what horse. As of information, there is also this information. Touting is kind of the general idea you are sharing this information to increase your payouts, right? This happens a lot between people whispering things on the track to a little bit more involved scams. Unfortunately I'm running a little low on time so I'm not going to go through this whole scam. I love scams like all that stuff like how that happens, how that works. But basically I wanted to say that someone sends a random selection of people these different picks. SCC then says hey, you can get other things as well, so especially the age and size of the fund, the funds distant volatility and recent changes in the funds operation. So yeah, you're worried about the company itself and how it's structured. We're all worried about the horse, and it's fast right? So you're also concerned about the people around this, right? Who is the CEO of this company now, right? Who is the trainer of this horse?
One thing I look at to push a little bit. Horses, I have seen anyway, something that's called performances. So I do need to get a little technical. This little column of numbers here starts off with 62, and then 84, 86, 93, 91, 89, 91, 101, 88, 80, and 94. These are with all the buyer's race leaders in this race this horse. I guess in the 70's they established some way to kind of average speeds irrespective of horse, race, cut type, a lot of other variables as well. So they had a weighted average of all these things is this P number. You can see here, discover kind of goes up and it kind of goes down. Right? After the 101 bar, the next race was considerably lower, right? It was lower than almost any of the other races, or lower than what? One, two, three, four previous races that he ran. So that's going to you see is that cycle during the performances just like any performance, right? Race a really fast race one day, the next day you might not be as fast, right? So this is a personal trend, there are some analytics about all this stuff, you can find it online. But this is something I kind of look at for myself. Ok, owner information, you want to know who this owner is, right? because they actually I own a lot of great horses on, here for the DRF anyway, this paper, they don't have a whole lot of information about it but the actual program from the race track itself they have more information. There's also the trainer themselves, that information can be found up here in this little area. What's kind of interesting is that in the parentheses here they're telling you how many races has the horses for this trainer started this, one, and then got second place and third place and their overall percentage. The way this works is tracks will have different Right equal. [INAUDIBLE] And over the speed you'll kind of calculate the actual [INAUDIBLE] of the jockey as well. And over time okay you know the ratio is stable, right? [INAUDIBLE] Jockey's performance is important as well, you can see that over here. Was the horse can carry a jockey, but a jockey can't carry a horse. So even if the donkey is great, if the horse is really about that [INAUDIBLE]. the track and the race itself. So, this is Richmond found in this little area here. For the passable. For the current rates this actually tells us all the information about the current race. The length of it, right, what type of race, ignitions for entering the race itself. A little out of the comfort zone, I don't want to get into it too much But also you know this is information about the race. What about the track condition itself, right? Track conditions vary from what they call fast. These are the actual stuff really you know is the ground really kind of packed in right? Is it looking like running on it pretty quickly. Is it wet right? Is the course mud or Is it a turf race? Turf races in general have different types of consideration. This also is called synthetic turf. There's been problems with that with some slipping on that terrain. So two races, you're trying to pick the winner. Pick three, you're trying to get the winner in three sequential races. Pick four, four, and five, six, and seven, those are our kind of promotional type things that we do and it's very, very difficult. Either that or people kind of do their own things sometimes right.
They might [INAUDIBLE] And then three horses win the second race, right so they're in the best [INAUDIBLE] as well. Okay. So we talked about what all these bets are, well how do you decide? How do you decide what bet to make in general? Well, you can do that with information. You can do that with information from a variety of sources and we'll talk about two of these as we go through. First up, morning line odds. So, morning line odds. At each race track, there's what's called an oddsmaker. All right. Let's remember. [INAUDIBLE] trying to get your people [INAUDIBLE]. So they make this, they have this odds maker, basic [INAUDIBLE] to view stuff, trying to estimate odds and things [INAUDIBLE] near the race itself. A lot of people think odds makers are trying to predict the race itself. That is not the case. Odds makers are trying to predict what the betting public will be doing, okay. They try to predict what at the very end are those actually going to be? So, they're trying to follow along what each are going to do, all right. >> That almost seems harder. [INAUDIBLE] >> Yes. It's exactly that. >> [LAUGH] >> Right? Because they couldn't probably better than anyone else, right? But that's not their task, their task is trying to figure out what are the actual at the end of the race based on people betting. That is my by the way. >> [INAUDIBLE] >> Yeah, all right. So how bout Oz, right? So that's the track kind of provided information, there's also past performances of the horses themselves. When you go to a track you can buy an official program, you can also buy this the daily recent form, this has past performances on a lot of different horses. You can see here, there's a lot of information. Basically, up here at the very top this is the misinformation itself and that for each course it will have the same kind of block of text and we'll talk about what all of these are. But one thing I want to look at right now is each of these rows down below, right, this first one says 15 Feb 10th. 15th of February 2010, they ran this race. Okay? And it tells you all the information about the times of the race, the race type, fractional positions, the weights of the jockey, the actual odds, a one off. And also what I think is kind of interesting, over here it actually tells you of the other horses that rant hat race. So a lot of people take stock into the fact that hey if this horse already beat this horse that it beat now, there might be like some horse psychology going on. >> [LAUGH] >> I don't know much about that quite honestly, but there is lots of start thinking about here. I'll share the link of where this presentation is at. The internet before, they actually have a little animation that will go through and tell you all of that focus information are as well. From our investment friends, past performance is not [INAUDIBLE] turns, this is common in exam prospectus for good investments, right. So, the game itself, everyone's building up. But as they build up, it's like, they need to get resources and spend them, and get resources and spend them. Or get resources and use them in a different way. And when you want to physically allow players to what we just said, to shift that cycle to line up with how they're playing, then you should put a rondel in there to visualize it.
And they're totally fun. Now, simultaneously, you're doing this when you don't want the game to be about players figuring out that there is a cycle, or figuring the cycle out on their own. You're giving it to them and telling them, "Use this to optimize the rest of your game." If the cycle is going to be set in place, like Argicola, right Casinoslots New Zealand? The harvest are here, here, here, and here. End of story. Then a rondel is no good. Okay. Gambling. Yeah, money! So, obviously, everybody knows what gambling is, right? If you're playing gambling, any gambling of any kind, what do you do? It's just really brain dead simple. You know what the odds are. If you don't know what the odds are and don't really understand probability properly, like you're buying lottery tickets or something, then do not gamble. Ever. With real money or not real money. But gambling happens even outside of casinos. There's plenty of board games that you play, or even video games, that are gambling. You just don't realize that they are gambling. Some of them are really obvious, like what was that horse racing game we played? Oh my God. I don't even know what that was called. You just rolled dice and moved horses around, and then one of them wins. Yeah, you literally just bet on these horses with fake game money, and then you win game money. And then whoever is the winner. It's actually a really fun game, because you're not using real money. There's plenty of other times, where it's just, you know, "Okay, I'm playing this card." I know there's a 30% chance that this card will do this thing that I really need, and there's a 50% chance that thing will go, but that one cost more. So, would you bet $1 on a 30% chance or $5 on a 50% chance? It's like, do you know which one of those is better? And like we said before, if it's early-game and you're winning, play conservatively. If it's late-game and you're losing, on-side kick. Do the crazy move that has a very low percentage chance of succeeding. If you're a game designer, when do you put gambling in games? When your players don't understand probabilities. If the players understand probabilities and you put gambling in there, the game will be very, very boring because everyone will just know what the optimal move is with the greatest odds for success, and do it over, over and over again. Now, there is a common example to that, as Scott pointed out, this horse racing game that we actually really enjoyed playing. It was just a gambling game. It was basically a glorified roulette table. But because that game really focused on the social elements, it was a fun game to play, it just wasn't a good game in terms of any sort of strategic thinking, you're not going to feel like you played... Well, Monopoly is a terrible example. It is a terrible game. But like Puerto Rico or El Grande, or one of these really... Even chess. You're not going to get that feeling but you're still going to have fun. Gambling is really good to use in light games, or quick games, or games where no one really cares who wins. Like, they want to win, but they're not going to talk about that time they won. So, games that are just fun, that you're going to play for 20 minutes in the expo hall with some dude, and then go off somewhere else in the con. That is where you use gambling. I mean, even the game we played yesterday, Skyline, where you roll these dice to build buildings and the buildings pieces are the dice. That had a huge element of gambling. I was like, "Well, I'm rolling this die." "There's a 1 in 6 chance that it'll give me a lot of points." "If it doesn't come up that way," "I'm going to give it and someone else is going to get that die," "and have a greater chance of..." Now, you were winning, and then Frank pulled a hail Mary and rolled this crazy roll, and he was winning. And then I pulled another hail Mary, 1 in a million shot, and I was winning. That game got really exciting. Winning can be a lot of fun for people while they play mobile casino, however, if you think that you will take all the money home then you are up for a surprise as gambling is fully taxable in the United States Of America. While it is fully taxable it must also be reported when you file your tax returns. Gambling incomes includes winning from casinos, horse races, lotteries etc. The money is deducted on the spot and then handed over to the Internal Revenue Service.
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