Greece starts assets sales with horse racing gambling license | Reuters

(Reporting by Angeliki Koutantou; Editing by Keith Weir)

ATHENS Greece’s privatization agency (HRADF) has invited OPAP (OPAr.AT) to sign a deal next week to acquire the country’s sole license for horse racing betting, the first state asset sale to be completed by the new leftist-led coalition government.

Greek Prime Minister Alexis Tsipras told Reuters on Thursday that state assets were one of the thorny issues in talks with the EU/IMF creditors assessing whether the cash-strapped country can get further bailout aid. It has also said that it favors joint ventures and wants the state to keep a minimum stake in its assets to boost social security funding and protect workers’ labor rights.

The government has made clear that it will honor all existing contracts.

Betting on horse racing in Greece had been run by a state-owned group.

Greece has a series of ongoing tenders for the divestment of state assets, including the sale of a 67 percent stake in its biggest port Piraeus and the lease of a bundle of 14 regional airports to a joint venture led by German airport operator Fraport (FRAG.DE).

The agency announced in March it would proceed with the sale of the exclusive betting rights to OPAP, the country’s dominant gambling firm, which won the license last year after offering 40 million euros ($43.26 million)..

Privatizations have been a key demand of the country’s international lenders. The election of Tsipras’ government in January on promises to end austerity and block “fire-sales” cast doubt on the future of Greece’s privatizations plan.

In a reform list sent to the creditors last month, Athens estimated privatization revenues of 1.5 billion euros this year.

“HRADF…invited the successful bidder, OPAP ?nvestments Ltd, to sign the concession contract on April 24,” the agency said in a statement on Friday

How to Bet the Kentucky Derby: A Beginner’s Guide

Here’s a quick guide:

Exacta: You pick the two horses you think will come in first and second, in that order.

Trifecta: Pick the three horses you think will come in first, second, and third – in the right order.

Superfecta: You guessed it. The Kentucky Derby is one and a quarter miles long, longer than any race these horses have run before, so the winner will need stamina.

Odds and Favorites

When you look at a race form there will be a number in parentheses after each horse’s name. Each horse will have a record of recent races he’s run, what place he finished, and how far ahead of the other horses he was. The words “first, second, and third,” are replaced by “win, place, and show.” If you think your horse is pretty good but not going to come in first, you can bet that he will “place,” — that is, come in first or second. If you’re not going to be in Louisville for the big day, you can head to your local racetrack or off-track betting outlet and place a bet there.

Now it’s off to the races. If you’re in it for the thrill of victory alone (and not the money), he’s a good bet.

Betting on Your Picks: “I’ll take $2 to win on the four horse, please.”

In horse racing, you need to bet on what place the horse will come in. Therefore, betting on him won’t yield a big payout. It looks something like this: Vicar’s In Trouble (20-1).

Horses with a high first number (like 20-1 or 50-1) are considered unlikely to win the race. What’s a superfecta anyway, and how do you bet one?

Here’s our guide to making sense of the Run for the Roses. That number shows what the odds are that the horse will win. Horses with lower first number (10 and down) are considered top contenders.

Betting on a horse with good odds will not pay out much money if they win. For a superfecta you pick the top four finishers in the right order. Conversely, betting on a horse with bad odds will pay out a lot of money if they do win. You’re trying to hit the sweet spot: a horse with okay odds who you think has a shot at winning.

The favorite going into this weekend is California Chrome, with 5-2 odds. Say, “I’ll bet $2 on (horse’s name or number) to win.”

If you’re done with the beginner stage of betting, you can up your odds of winning by doing more complicated bets that yield bigger payouts: exactas, trifectas, and superfectas. Or you can bet that he will “show,” — that is, come in first, second, or third. You’ve got your mint julep and your fancy hat ready for the Kentucky Derby, but are you ready to place your bet on the horse you think will win?

Like all sports, horse racing has its own language that can be confusing to casual watchers. If your horse comes in any of those positions, you’ll get money.

If you’re sure you’ve got the winner and you only want to place a simple bet for him to come in first, go ahead and bet your money that way. You can place your bet anytime up until about 20 minutes before the race goes off at 6:24 p.m. He’s dominated all the races he’s run so far and all eyes will be on him. A horse that goes into the race with 50-1 odds but comes in first place will pay out the most money to the bettor. Give that a good look to see who’s done well recently.

Look for a horse that has won most of his races by a good length. Saturday. Like it’s name implies, the superfecta pays out big bucks if you manage to get it right.. Good luck racing fans!

Picking a Horse

There are 20 horses in the field for the Kentucky Derby, though as of now only 19 will be running Saturday (#11 Hopportunity was “scratched.”) All the horses are 3-year-old male thoroughbreds, which means they’re young horses with lots of talent that is still developing and not a ton of experience.

Many casual bettors will pick a horse based on name or looks, but there are better ways to judge the odds for whether a horse has a shot at winning

Horse Racing Betting Strategies and Tips

At this point, some people like to spend some time on the paddock to see the horses being walked from the stable to the track, as it adds to the horse racing experience and occasionally one might notice something about a horse that influences the way they bet, such as a horse that appears sluggish or one that seems like it is in exceptional shape.

Box Bet – Any of the above bets can be boxed for an additional wager. Across The Board Bet) – Bets on the first, second, and third place finishers; each act as a separate bet..

The following is the correct way to place a bet with a betting clerk:

To place a $2 Win bet on horse number 7, you would say, “<Track Name>, $2 to Win on Number 7″.

Trifecta Bet – A bet on the exact first, second, and third place finishers in exact order.

Show Bet – A bet that the horse you chose will come in third (a show bet is also a winning bet if the horse you chose comes in first or second).

Win Bet – A bet that the horse you chose will win the race.

Exacta Bet – A bet on the exact first and second place finishers in exact order.

Daily Double Bet – A bet on the first place finishers in two consecutive races.

The reason why you need to start out with the <Track Name> is because you can bet on horse races at many tracks from the horse track you are currently at, so you need to specify the track to the betting clerk.

While there are a variety of bets, the following are the most common bets, and are more than enough for beginners. To keep things fun and not risk too much money, most beginners make $2 bets.

Once you have taken the time to look over the racing program and the professionals’ advice, it is time to start figuring out which bets you would like to place for the upcoming race. For example, instead of paying $2 for an Exacta bet that requires the horses to finish in an exact first and second place order, you can pay $4 for an Exacta Box bet, and you will win the Exacta bet regardless of which of the two horses comes in first.

Place Bet – A bet that the horse you chose will come in second (a place bet is also a winning bet if the horse you chose comes in first).

To place a $2 Exacta Box bet on horse 2 and 5, you would say, “<Track Name>, $2 Exacta Box on Numbers 2 and 5″ (keep in mind that this is actually a $4 bet since you are boxing the bet).

Win, Place, and Show Bet (a.k.a. The point is to have fun, not to go home without money you need to pay your bills. Never bet more than you can afford to lose