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SHOW BET- Wager on a horse to finish in the money; third or better. SCHOOLING LIST- List of horses required by the starter to school at the starting gate before being permitted to race. SCHOOLING- Accustoming a horse to starting from the gate and to teach him racing practices. In steeplechasing, more particularly to teach a horse to jump.
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But its origins as an activity for professional financial-industry traders happened roughly 30 years later, on the other side of the Atlantic. A City of London investment banker, Stuart Wheeler, founded a firm named IG Index in 1974, offering spread betting on gold. At the time, the gold market was prohibitively difficult to participate in for many, and spread betting provided an easier way to speculate on it. In a 3-horse race, for example, the true probabilities of each of the horses winning based on their relative abilities may be 50%, 40% and 10%.
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