How to Bet Horse Racing

Horse racing is an equestrian sport which has been practiced over the centuries; the chariot races of Roman times are an early example, as is the contest of the steeds of the god Odin and the giant Hrungnir in Norse mythology. It is often inextricably associated with gambling.

Forms of horse racing

For more details on this topic, see Harness racing and Thoroughbred horse racing. One of the principal forms of horse racing, which is popular in many parts of the world, is thoroughbred racing. Harness racing is also popular in the eastern United States and more popular than thoroughbred racing in the United Kingdom and Canada. Quarter horse and Arabian racing are also popular in the western United States.

The breeding, training and racing of horses in many countries is now a significant economic activity as, to a greater extent, is the gambling industry which is largely supported by it. Exceptional horses can win millions of dollars and make millions more by providing stud services, such as horse breeding.

Horse racing in North America

Monmouth Racetrack in New Jersey in May 2005.The style of racing, the distances and the type of events varies very much by the country in which the race is occurring, and many countries offer different types of horse races.

In the United States, races can occur on flat surfaces of either dirt or grass, generally thoroughbred racing; other tracks offer quarter horse racing and harness racing, or combinations of these three types of racing. Racing with other breeds, such as Arabian horse racing, is found on a limited basis. American thoroughbred races are run at a wide variety of distances, most commonly from 4.5 furlongs (905 m) to 1½ miles (2414 m); with this in mind, breeders of thoroughbred race horses are able to breed horses to excel at a particular distance (see Dosage Index).

The high point of US horse racing has traditionally been the Kentucky Derby which, together with the Preakness Stakes and the Belmont Stakes, form the Triple Crown for three-year-olds. However, in recent years the Breeders' Cup races, held at the end of the year, have been challenging the Triple Crown events, held early in the year, as determiners of the three-year-old champion. They also have an important effect on the selection of other annual champions. The corresponding standard-bred event is the Breeders' Crown. There are also a Triple Crown of Harness Racing for Pacers and a Triple Crown of Harness Racing for Trotters.

American betting on horse racing is sanctioned and regulated by state governments, almost always through legalized parimutuel gambling. Thoroughbred horse racing in the United States has its own Hall of Fame for horses, jockeys, and trainers.

The most famous horses from Canada are Northern Dancer, who after winning the Kentucky Derby and Preakness went on to become the most successful Thoroughbred sire ever, and his son Nijinsky II. In Canada, however, harness racing is more popular than Thoroughbred racing. Woodbine Racetrack in Toronto, home of the Queen's Plate, Canada's premier thoroughbred stakes race, and the North America Cup, Canada's premier standard-bred stakes race, is the only race track in North America which stages Thoroughbred and Standard-bred (harness) meetings on the same day. The North America Cup has the largest purse of any Canadian horse race.

Horse racing in Australia

Racing in Australasia has enjoyed great success with races such as the world famous Melbourne Cup, the so-called race that stops a nation, which has recently attracted many international entries. In Australia, the most famous horse was Phar Lap, who raced from 1928-1932 (though originally bred in New Zealand). In 2003-2005 Makybe Diva became the first and only horse to ever win the Melbourne Cup three times. In harness racing, Paleface Adios became a household name during the 1970s, while Cardigan Bay, a pacing horse from New Zealand, enjoyed great success at the highest levels of American harness racing in the 1960s.

Horse racing in Europe

In the United Kingdom, there are races which involve obstacles (either hurdles or fences) called National Hunt racing and those which are unobstructed races over a given distance (flat racing). The UK has provided many of the sport's greatest ever jockeys, most notably Gordon Richards. See also United Kingdom horse-racing.

In Ireland, noted for its racing history, the Derby-winning thoroughbred Shergar was kidnapped on February 8, 1983. He has never been found. The multiple Gold Cup winner Best Mate also hails from Ireland, while the great Red Rum was bred there, before moving across the Irish Sea to be trained.

Pedigree

For more details on this topic, see Horse breeding. While the attention of horse racing fans and the media is focused almost exclusively on the horse's performance on the racetrack, or for male horses possibly its success as a sire, little publicity is given to brood mares. Such is the case of La Troienne, one of the most important mares of the 20th century to whom many of the greatest thoroughbred champions, and dams of champions, can be traced.

In most horse races, not including steeplechases, the pedigree of the horse is one of the things that allow it to race. In a normal flat race, the horse must have a sire (father) who is a pure thoroughbred and a dam (mother) who is also a pure thoroughbred. In a notmal harness race, the horses sire and dam must both be pure standardbreds.

A stallion who has won many races will usually be put up to stud when he is retired. This means that the owner of a mare can pay to breed his mare to that stallion. The more successful a stallion has been, the more expensive it is to breed the mare. An owner who is serious about racing will strive for the best, and will usually pay the expenisive amount, so an owner who has had a successful colt will probably make more oney than an owner with a filly.

Betting

At all official horse races, there is a gambling station, where gamblers can stake money on a horse.

The three most common ways to bet money are: bet to win, bet to place, and bet to show. Bet to win means that you stake money on the horse, and if it comes in first place, the gambler will recieve the money. In bet to place, the gambler will stake money on the horse to come in first or second place, and if the horse does, the gambler wins money, but not as much as he would have if he had bet the horse to win. Bet to show means the gambler stakes money on the horse to come in first, second, or third. If the horse does, the gambler wins money, but not as much as they would of if they had bet on the horse to win or to place. In betting to place and betting to show, there is less risk of losing money.