Would you like to join a syndicate in New Zealand? It's perfectly legal here! kekeke...
Oh well, the word "syndicate" here don't exactly share the same meaning as the "Syndicates" in SG. In SG, we often use this word "Syndicates" to implies **a loose affiliation of gangsters in charge of organized criminal activities.
In New Zealand, a syndicate commonly means ##a group of people making a joint effort to win money betting sports. It's usually use in Horse Racing where group of people contribute financially to own a racing horse. The cost of raising young thoroughbred yearlings is estimated to be $7.5k per year and the training fee can cost an estimate of $20k per annum. When this horse wins a race, everyone with an interest in it share the prize money.
I couldn't really get over this word when I first learn what its commonly understood here. We have come to associate that word negatively and it certainly wasn't an appealing word.
We went to our first horse racing event in Ellerslie Racecourse last year 2006 on the 30th of December. It was open to the public for free and we bet on a few races. Sadly, we didn't had any beginner's luck. For us, the race wasn't about winning the bet but about seeing those beautiful horses ran. It's a beautiful sight to behold.
Racing beautifully towards the finishing line.
The horses trotting off after a race. Everyone's in a relax mood, we could choose to laze on the grass patch next to the race course or sits at the spectator viewing area where we get a bird eye view of the whole race course.
with love from NZ,
J
** from wordnet.princeton.edu/perl/webwn
## from www.mlbbaseballfreepicks.com/glossary.shtml
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