Sometimes there is a sure thing at the races
The philanthropic Hong Kong Jockey Club, which is already the city's largest private charity donor, seems to have an unwavering commitment to its cause and will take it to another level.
The club announced yesterday it would allow place and quinella betting on the Juvenile Sprint Trophy - which will probably result in a loss of millions of dollars for the club because the race has attracted just four runners, with only two holding a decisive class edge over the others.
This could produce a potential 'minus pool' owing to the anticipated enthusiastic support for the two likely winners.
Lai See doesn't know much about the intricate way of calculating win odds, but plainly speaking, no matter how much money is wagered on Entrapment and Tai Sing Yeh through the quinella pool, there will be a 5 per cent return on investment over a 70-second period, should the pair win as expected.
We hate to say this: Gambling does pay off, once in a long while, or at least this weekend.