BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The win can include money or any other stakes. Under the Indian Contract of 1872, a wagering contract is void and cannot be sustained in a court of law. However, exceptions are made if the amount to be paid or won is more than INR 500 in horse race bets.

Detailed explanation-2: -The basic or “straight” wagers newcomers generally become familiar with upon their first exposure to horse racing are Win, Place, and Show. Historically, all three required a minimum bet of $2, but these days they can be had for a minimum of $1 in most places.

Detailed explanation-3: -A Definition Of Value In simple terms, value is achieved when a punter backs a selection at odds that are better than the probability of the horse winning the race.

Detailed explanation-4: -Your payout is calculated by subtracting the amount of winning dollars from the total pool, then dividing the remaining pool by the amount of cash bet on the winner, and finally adding back in the winning bet amount.

Detailed explanation-5: -The exact split will depend on the particular race and track guidelines, but typically, the first-place horse will earn 60-70% of the total purse, while the second-place horse will take home 15-20%. The remaining purse money is typically divided among the remaining horses based on their finishing position.