http://www.betasia.com/features/how-...e-betting.html
"In the UK I can think of four horseracing syndicates run by mathematicians that make a very good return based on statistical ratings of horses’ probabilities of winning or placing a race. They are not aiming for headline-grabbing returns, merely a 150% to 300% return on their season’s investment. This is not to be sniffed at of course – an initial investment of £500,000 among the syndicate members is fairly average"
"The most famous horseracing syndicate worldwide concentrates on the action in Hong Kong. The territory’s punters bet fearsome amounts – they turnover more per race at Sha Tin racecourse than the UK bookies do in a busy week – into the betting pools, which pits punter against punter. With the aid of statistics, the Hong Kong Racing Syndicate makes a fantastic return from picking out good price winners that the public ignores."