Rebirth of wealth and freedom starts from the World Cup

Chapter 59: How to Open the Life of Nobles [Seeking Follow-up Reading]

Horse racing was brought by foreigners. Horse racing events were already held in Happy Valley in 1846, just a few years after the port was founded.

Hong Kong’s Happy Valley, also known as “Happy Valley”, has an English name called Happy Valley, which seems to echo a popular joke nowadays – the happiness of rich people is beyond your imagination!
Whenever the horse racing day comes, many celebrities will appear on the scene, including a number of well-known film and television stars and singers.

Since Zhao Zixuan entered the stands, he saw many familiar faces, one of whom was a well-known film, television and singing star, one of the Four Heavenly Kings, whose dancing had conquered countless audiences.

Unfortunately, she was later tricked into getting married with a pregnant wife by a celebrity from an assembly line, and her reputation plummeted.

Seeing so many celebrities gathered here, Zhao Zixuan couldn't help but wonder what was so good about the Jockey Club? What was it that attracted these wealthy people to spend a fortune and even do whatever it took to join the club?
Later, through Li Yanning's detailed introduction, he began to gradually understand why the Jockey Club was so popular and enduring.

The horse racing crowd can be divided into two categories.

One category is ordinary bettors who come here just for a little gambling for fun.

The other category is the Jockey Club members who own horses.

These members not only bet on horses, they are also the protagonists on the track, and their horses represent their honor and status.

Anyone who knows knows how expensive a good horse is.

But the real high price does not end there.

In order to ensure that their racehorses achieve good results in the competition, horse owners need to hire top horse trainers and jockeys, which cost hundreds of thousands of dollars a year.

Someone said: "If you can afford a purebred British racehorse, your net worth is usually no less than eight figures."

The reason why horse racing has become an aristocratic sport is not just because of the financial threshold.

Bloodline is another important factor in horse racing.

In the arena of the rich, choosing a horse is not only a matter of victory or defeat, but also a matter of face.

Thoroughbred horses are the protagonists in horse racing, but their numbers are very rare. To own a thoroughbred horse, the price is millions, and it needs to be obtained through auction.

If financial resources are the first threshold to horse racing, then luck is the first psychological barrier for horse racing players.

Wang Sanri, a famous Hong Kong director, and his good friend La Ge once bought a racehorse named "Wang Wang Baoju" at a high price of 520 million Hong Kong dollars.

However, this horse, which was highly expected, performed poorly, failed to win in seven races and won zero prize money.

It can be said that the expenses are not enough to cover the income, and the loss is huge.

On the contrary, another racehorse, "Good Daddy", which was purchased at an auction price of HK$170 million, won six major races despite being not favored by everyone, with a total prize money of HK$5902 million.

Its owner was grinning from ear to ear, as if he had reached the pinnacle of his life because of the horse.

At the Hong Kong racecourse, the prize money from the winning horses does not go entirely to the owners, but is distributed in a detailed manner.

Normally, horse owners only get 70% of the prize money, while the rest is shared by jockeys, trainers, stable staff and other staff.

Of course, winning the prize is only a small part of the equation.

For horse owners, what they pursue in the race is far more than just hundreds of thousands or millions of prize money.

Compared with their huge fortune, these bonuses are just insignificant "small cases".

So, what is the “big case” that they really value?

It’s the horse owners who have fun!
Audiences who often watch TVB know that the phrase that Hong Kong people like to say most in their daily lives is.

——The most important thing in life is to be happy.

The joy of horse racing is based on the satisfaction that comes with identity and status, which makes people flock to it.

After talking about the first threshold, let’s talk about the second threshold.

Membership system!

The wealthy people who play with horses have other interests than playing with horses.

For these wealthy people, becoming a member of the Hong Kong Jockey Club is not only an honor, but also a symbol of their social status.

The members here are all knowledgeable people who have been carefully screened. They make friends and do business through horses, thus building a unique elite circle.

In this circle, members are divided into different levels, from horse racing members, full-fee members to corporate members, and the highest level is selected members.

Their identities symbolize wealth and status, and the privileges and treatment they enjoy are beyond the reach of ordinary people.

The threshold to become a new member of this circle is staggeringly high.

In addition to being wealthy, one must also have sufficient social influence.

Each new applicant must be nominated by a Select Member and seconded by another Select Member. In addition, he or she must list three other members who are prepared to support his or her admission to the Club before he or she can be accepted.

Once you become a member of the Jockey Club, every handshake on race day and every eye contact seems to tell the secrets of the circle.

Here, business opportunities and interpersonal relationships are intertwined to form a unique business ecosystem.

Every communication and every cooperation may become a future business opportunity.

Some children of wealthy people also receive equestrian training from an early age.

Their purpose is not only to cultivate their children's interests and hobbies, but also to find a partner who is well-matched with them. In this circle, marriage is also an exchange of interests, a combination of wealth and status.

In this seemingly elegant horse racing circle, there is actually an interweaving of money, power and desire.

Every wealthy person is looking for opportunities, hoping to find his or her business partner, cooperation partner or even future partner.

In the Jockey Club, the so-called money-making is all done “off the field”. Those invisible transactions and exchanges of interests are the real charm of this circle.

Li Yanning is one of the bright stars in the Jockey Club and one of the distinguished selected members.

In the circle of selected members, many people inherit this honor and responsibility through family inheritance.

Take Li Yanning for example. Her family has a deep connection with the Jockey Club. Her father, who has been a member of the Jockey Club for more than 20 years, has long been a horse owner.

Since childhood, she and her brothers and sisters grew up in the embrace of the Jockey Club. At the age of ten, she began to have a relationship with horses and went to the Jockey Club.

Today, the family has more than ten horses, each of which represents their hard work and expectations. She and her brother are the best among the more than 200 selected members.

"In the current market, the cost of buying a horse is usually around HK$100 million. The monthly feeding fee and various living training expenses for each horse are around HK$5. Raising a horse is really more expensive than raising a person..."

In the bustling stands, Li Yanning's answers to questions and doubts helped Zhao Zixuan gain a lot of knowledge.

Zhao Zixuan looked closely at the noble girl with excellent appearance and bearing, and asked curiously, "Since you are the horse owner, which horse in the race today is yours?"

Before Li Yanning could speak, Li Changan answered eagerly, "Number 8! It's the black and red Arabian horse. It looks mighty, right? It also has a very cool name, Black Rose."

"It's the black rose!" Li Yanning corrected helplessly, as if she had said it many times, but it was useless.

This person never changes despite repeated admonitions.

"Oh, yes!" Li Changan smiled and scratched his head. "Actually, they are almost the same. There is not much difference between roses and wild roses. They are both flowers after all."

Zhao Zixuan observed the horse from a distance and felt that it didn't seem to be much different from other horses.

For a layman like him, it is impossible to tell which is a good horse and which is an inferior horse.

"The game is about to start, is it too late to buy No. 8 now?"

Zhao Zixuan asked casually.

Li Yanning said calmly: "It's still in time, I can just make a phone call, how much do you plan to buy?"

Zhao Zixuan thought for a while and said with a smile, "Let's try betting 8 first. If we add the number 8 horse, it will be 8. Good luck! By the way, can I just bet on the first place to win? What are the odds?"

“There are many ways to play, I recommend two.”

Li Yanning smiled and explained: "The first is to bet on the champion. In theory, you can choose to bet on every horse, but the result is likely that you will still lose money."

"Because the bonus pool is allocated according to the proportion of bets. For example, if a lot of people choose horse No. 2, its odds may be reduced to 25:10, or even lower."

"If you bet $1 per bet and buy 8 bets, but only win $2 in the end, you're still losing money. Of course, if you're extremely lucky and pick an underdog horse, the odds of winning may be 5:200, so you can make $10 in one round, which means you'll win $20 after deducting your principal."

"The second way is to bet on the ranking. You can also choose to bet on every horse. As long as the selected horse can get the top three places, you can get some of the bonus. But the odds of this game are relatively low. For example, if you win the second place twice, you bet 1 dollar and win 1 to 3 dollars."

“Of course, the underdog has a better chance of winning, but the winning amount is still not as much as the champion. I personally don’t like this way of playing.”

Zhao Zixuan was overwhelmed and said jokingly, "You are clearly speaking Mandarin. I can understand these words when they are separated. Why can't I understand them when they are put together?"

Li Changan laughed.

Li Yanning was about to continue explaining when Zhao Zixuan interrupted him, "How about this, I'll buy whatever you guys buy, and we'll celebrate together if we win, and bear the loss together, is that ok?"

Li Changan thought it was feasible because he didn't understand it either.

"Alright, the game is about to start, I'll place the bet."

Li Yanning nodded slightly, then took out his cell phone and made a betting call.

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(End of this chapter)