Feel the Ecstasy of Racing Virtual Horses in International Horse Racing Events

Feel the Ecstasy of Racing Virtual Horses in International Horse Racing Events
As Packer's wealth increased over the years, so did his bets. The Costigan Commission report included
the fact that Packer had paid $4 million to a bookie during an 18-month period in 1980-81, and had
only received back $1.2 million - a loss of nearly $3 million.
In the late 70's, "The Big Man", as he was known in racing circles, would descend on a race course
with a number of "gofers" and a larger number of hangers-on, all running around trying to overhear
his instructions. When Packer gave the word, the gofers would run to the bookies - trying to place the
bets simultaneously, because Packer's bets were so large that they would immediately make a horse
unbackable, as the odds dropped steeply as the bookies attempted to balance their books. Once the
bets were on, though, Packer was an oddly unemotional bystander, rarely getting excited over the
finishing line.
One of Packer's most famous betting losses came at the1987 Golden Slipper race at Rosehill. Betting
$2 million on his horse Christmas Tree, he saw it come in fourth and that was not the only loss of the
day. Bookies apparently held a world record figure of $20 million in their satchels, and Packer's losses
amounted to a staggering $7 million.
Only two weeks later and Packer backed Myocard to beat his own horse Major Drive, this time at
Randwick. Unfortunately, the favored Myocard, who had earlier won the Tancred Stakes that year,
also came in fourth - and Major Drive won with odds of 7-1. This was just the start of one of Kerry
Packer's largest betting sprees, which is rumored to have been in the order of $55 million.
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