7-1 World Cup Comparison To Other Sports Kerry Packer and Horse Racing

You are searching about 7-1 World Cup Comparison To Other Sports, today we will share with you article about 7-1 World Cup Comparison To Other Sports was compiled and edited by our team from many sources on the internet. Hope this article on the topic 7-1 World Cup Comparison To Other Sports is useful to you.

Kerry Packer and Horse Racing

Kerry Packer was arguably the greatest punter in Australian racing history. He started betting on horses as a boy and maintained his love of punting at the racecourse until the end of his life. Overseas, Kerry Packer enjoyed playing at the casino tables, but in Australia the casinos weren’t big enough to handle his bets and his biggest punts were reserved for the racetrack.

As Packer’s fortunes grew over the years, so did his stakes. The Costigan Commission report included the fact that Packer paid $4 million to a bookie during an 18-month period in 1980-81 and received only $1.2 million in return – a loss of almost $3 million.

In the late 1970s, “The Big Man,” as he was known in racing circles, would descend on the racetrack with a number of “gophers” and more hangers-on, all running around trying to hear his instructions. When Packer gave the word, punters ran to the bookies – trying to place bets simultaneously because Packer’s bets were so large that they would immediately make the horse unbackable as the odds plummeted as the bookies tried to balance their books. Once the bets were placed, however, Packer was a strangely emotionless bystander, rarely getting excited over the finish line.

One of Packer’s most famous betting losses came in the 1987 Golden Slipper race at Rosehill. He bet $2 million on his Christmas tree and saw he was fourth, and that wasn’t the only loss of the day. The bookies apparently held a world record $20 million in their pockets, and Packer’s losses totaled a staggering $7 million.

Just two weeks later Packer backed Myocard to beat his own horse Major Drive, this time at Randwick. The favored Myocard, who had won the Tancred Stakes earlier that year, unfortunately also finished fourth – and Major Drive won at odds of 7-1. That was just the beginning of one of Kerry Packer’s biggest bets, said to be in the region of $55 million. The stakes were so large that they can be back-calculated from the AJC’s total turnover of betting numbers. On the final day of the carnival, Packer had $28 million compared to bookie Sydney McHugh. Packer then convinced McHugh to raise his previous limit from $5 million to $10 million — and went on to pick three straight winners. McHugh surrendered his betting license a few days later.

Packer’s legendary horse racing continued into the 1990s. Another famous punt was his own horse Mahogany in the 1993 VRC Derby. He also successfully backed Jezabeel in the 1998 Melbourne Cup, going from 14-1 when he bet to 6-1 when the race started a few minutes later – and Jezabeel also went through.

Packer was not at the racetrack to mix and mingle with the cream of racing society. It is even said that he was not a particular fan of horse racing itself – the magic of horse racing for him lay in the excitement of the game.

Video about 7-1 World Cup Comparison To Other Sports

You can see more content about 7-1 World Cup Comparison To Other Sports on our youtube channel: Click Here

Question about 7-1 World Cup Comparison To Other Sports

If you have any questions about 7-1 World Cup Comparison To Other Sports, please let us know, all your questions or suggestions will help us improve in the following articles!

The article 7-1 World Cup Comparison To Other Sports was compiled by me and my team from many sources. If you find the article 7-1 World Cup Comparison To Other Sports helpful to you, please support the team Like or Share!

Rate Articles 7-1 World Cup Comparison To Other Sports

Rate: 4-5 stars
Ratings: 1791
Views: 69377468

Search keywords 7-1 World Cup Comparison To Other Sports

7-1 World Cup Comparison To Other Sports
way 7-1 World Cup Comparison To Other Sports
tutorial 7-1 World Cup Comparison To Other Sports
7-1 World Cup Comparison To Other Sports free
#Kerry #Packer #Horse #Racing

Source: https://ezinearticles.com/?Kerry-Packer-and-Horse-Racing&id=2507824

Related Posts

default-image-feature

50 Most Shocking Things In The World Cup E-Currencies and Money Part 3 – Money, Investment, Payment System, Or All of the Above?

You are searching about 50 Most Shocking Things In The World Cup, today we will share with you article about 50 Most Shocking Things In The World…

default-image-feature

Ace Of Cups And The World As Feelings The Ace of Cups Tarot Card Meaning Revealed

You are searching about Ace Of Cups And The World As Feelings, today we will share with you article about Ace Of Cups And The World As…

default-image-feature

A Little Bit Of Love World Cup Song How to Start a Low Cost Home Based Business

You are searching about A Little Bit Of Love World Cup Song, today we will share with you article about A Little Bit Of Love World Cup…

default-image-feature

A Cup Of Tea While The World Burns Holistic Herbal Solutions

You are searching about A Cup Of Tea While The World Burns, today we will share with you article about A Cup Of Tea While The World…

default-image-feature

When Was The Last World Cup Of Hockey Multiple Things Canada is Famous For Doing and Having

You are searching about When Was The Last World Cup Of Hockey, today we will share with you article about When Was The Last World Cup Of…

default-image-feature

When Was England In The World Cup Final Development Of Women’s Football In England

You are searching about When Was England In The World Cup Final, today we will share with you article about When Was England In The World Cup…