Nothing to do with me, but interesting read from read.
Horse Racing Hedge Fund
wagering that gives you the edge
In the wagering game, you can get on a good run for a while, but 35 years of consistently strong returns can't be attributed to luck.
It's a result of rational methodology, attention to detail and the knowhow to go left when the market goes right; this continues to pay off for Mark Read clients.
Our horse racing hedge fund service offers trading investment on Hong Kong horse racing. A complex investment methodology is applied to achieving absolute returns for investors, and yes, we always have "skin in the game" with our investors.
The trade is conducted through a dedicated TOTE account with full reporting access; actual investments can be viewed at the jump of each race in real time via a dedicated web link. Full trading summaries are sent to investors after each race meeting.
You Partner with some of the world's most experienced wagering managers
Our team has a proven track record in international wagering markets especially horse racing. Key employees have held senior positions in leading global organisations, including publicly traded companies.
Our Wagering management specialising in Hong Kong horse racing
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key members of the management team have equity in the business |
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we emphasize success fees |
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we limit the number of individual funds and investors in those funds |
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all wagering transactions are transparent and open for viewing |
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all transactions are placed with licensed operators |
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Why Hong Kong horse racing?
Hong Kong has become the pinnacle of the racing world and the benchmark for all other racing nations. Advanced technologies, along with globalisation, have enabled Hong Kong Racing to reach well beyond its home territory.
Hong Kong provides the world's most attractive betting platform: two meetings per week, 10 months a year, and totalisator turnover at US$12billion on 760 races.
By comparison the USA has 45,000 races per year and US$11billion in totalisator turnover, Australia has 20,000 races per year and US$9billion in totalisator turnover. The average Hong Kong turnover per race is 30-50x bigger than USA and Australia.
These massive betting pools per event attract global punters. The combination of a progressive racing administration, public availability of detailed form (including sectional times, speed maps, video replays, track-work information and statistics) and a comparatively small racing pool of horses, trainers and jockeys, ensures the Hong Kong racing market continues to engage sophisticated and recreational bettors alike.
The Hong Kong Jockey Club (HKJC) has announced co-mingling arrangements will be rolled out on five continents during 2014-15. This means that Hong Kong racing will become the first truly international horse racing product presented on a weekly basis.
The Hong Kong betting pools already have liquidity of US$20 million per race. The HKJC says it will become US$25 million per race as an immediate result of co-mingling.
The future growth rate will be exponential as Hong Kong becomes the global centre for horse race wagering, just as English Premier League is for global football (soccer) wagering.
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Intelligence Tools
Utilising a combination of advanced intelligence and wagering methodologies derived from our proprietary analytics systems, as well as market intelligence gathered in real-time, our team specialises in the Hong Kong horse racing market.
Horse Racing Database
The Mark Read horse racing database is global and employs full time in-house trained data analysts who continually maintain the content.
The database holds the most incisive performance history of the thoroughbred racing population in Australia over the past 30 years, and a similar database of horses racing in Asia for the past 20 years.
The defining asset is the weight-speed ratings hybrid developed by Mark Read. This intellectual property has maintained him as indisputably Australia's best market maker for three decades. Today, this intellect is employed to create applications for trading on Hong Kong racing.
Training in the IP has been applied by leading professionals in a range of racing and wagering disciplines:
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John Size: Hong Kong Premiership Trainer (7 premiership titles in 11 years). John regards Mark as one of "the three greatest influences in my life" (interview The Age Newspaper 2002) |
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Industry experts in major wagering companies: William Hill, Hong Kong Jockey Club, Pinnacle Sports and Sportsbet (Paddy Power) |
The intellectual property and personnel includes:
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a team of professional racing analysts personally mentored by Mark Read in the production of a quality racing product |
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experienced software development staff, well versed in the theory and practice of predictive performance systems and wagering product requirements; and |
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Mark Read's personal experience and expertise, which are widely acknowledged by racing professionals in the Australian and Asian region |
The Smarts
The horse racing database has been maintained and continually developed over 40 years and provides comprehensive data and analysis on Australian, New Zealand, United Kingdom, Irish, United States, Hong Kong, Singapore and Malaysian racing. It provides information on breeding, horse ratings, individual horse physique, trackwork and running comments, statistics, jockeys, trainers, sectional times, standard times, individual sectional splits and track speed determination integrated with video.
Bespoke form guides contain horse ratings, computer prices, race maps and historical analysis of equivalent prior races run over the last 30 years.
The database records times for all individual racetracks, distances and classes. Standard sectional splits for particular racetracks, distances and classes and automatic download of sectional splits of individual horses is provided.
Each is placed through proprietary simulation forecast software which runs the race 25,000 times to apply the various variables and historical analysis stored. The output is 2 sets of prices based on independent rating systems for each event. These prices are automatically fed into a pricing module enabling analysts to set the market and facilitate market change by combining the computer-generated prices with real-time market movements from the opening of a book through to the commencement of a race.
This system is totally interactive and evolutionary. The simulated forecast methodology graduates to a deterministic simulation (What–If Scenario Analysis). Thereby users can determine in real time the true value of a proposition in any market and manage risk and/or trade accordingly.
The Art and Practice of Wagering
The art is to know what the true price value is, and the practice is a consistent application of this value over time. |
