Horse Racing Betting and Its Key Aspects in Choosing A Winning Combination
Horse Racing Betting and Its Key Aspects in Choosing A Winning Combination
The elegant sport of horse racing was reserved only for monarchs, those of royal blood, and aristocrats during the medieval times. The nobility kept high-class Thoroughbred horses in their stables and pitted them against each other in races. Wagers were placed as to who would win the races. And so the game called "The Sport of Kings" was born. In time, horse races were opened to the public but the practice of placing bets on favorite horses was continued even up to the present times.
Horse racing has gained popularity in the international arena over the years and is a major source of revenue for a particular state or country, generating approximately US $115 billion in the worldwide market for the year 2008 alone. But this was not always the case. Because of its evident link with gambling, horse racing experienced a decline in status during the 1900s due to a ban on gambling. However, betting rules and regulations were modified, and in 1908 the system of pari-mutuel betting revived the ailing horse racing business. Pari-mutuel betting is a system which pits bettors against each other instead of against the race track. All the wagers are gathered in a pool, wherein a certain percentage is deducted to cover for track expenses, race purse, taxes, etc. The remainder of the pool is then distributed appropriately to those with winning tickets. Various race tracks may have differing rules and regulations but they all operate under the universally accepted system of pari-mutuel betting.
Perhaps you have taken an interest in horses and horse racing but are hesitant to get involved in betting because you find it difficult to understand. Fortunately, horse racing betting can be easy and fun once you are already familiar with the different aspects of horse racing and its own unique terms and lingo. Before engaging in any betting activity, it is imperative that you are knowledgeable in the field where you are betting on. Find time to research on the basics or horses and racing as it will guide you on how to place your bets on winning horses.
How a horse will perform on a particular event will rely on different factors. Important points to consider when choosing a horse are its breed, age, gender, its trainer and who its jockey will be. Aside from these, the type of race track surface and its condition will also affect a horse's performance. Some horses are trained on turf only, while others may be well suited to run on dirt tracks, and then there are some who can handle both types of surfaces well. The length of a race may also influence its outcome. Some horses can only handle short distances well with short bursts of speed, while others are trained for stamina and can be better relied on for endurance races. Weather conditions such as wind velocity, humidity and rainfall can also affect a horse's performance so it is important to take this also into consideration during the selection process.
There are many different factors to consider in able to choose a winning horse-jockey combination. Although it is not a guarantee that you will always win at the races, a thorough knowledge of horse racing and a deep appreciation of the game will surely be handy in horse racing betting.
The elegant sport of horse racing was reserved only for monarchs, those of royal blood, and aristocrats during the medieval times. The nobility kept high-class Thoroughbred horses in their stables and pitted them against each other in races. Wagers were placed as to who would win the races. And so the game called "The Sport of Kings" was born. In time, horse races were opened to the public but the practice of placing bets on favorite horses was continued even up to the present times.
Horse racing has gained popularity in the international arena over the years and is a major source of revenue for a particular state or country, generating approximately US $115 billion in the worldwide market for the year 2008 alone. But this was not always the case. Because of its evident link with gambling, horse racing experienced a decline in status during the 1900s due to a ban on gambling. However, betting rules and regulations were modified, and in 1908 the system of pari-mutuel betting revived the ailing horse racing business. Pari-mutuel betting is a system which pits bettors against each other instead of against the race track. All the wagers are gathered in a pool, wherein a certain percentage is deducted to cover for track expenses, race purse, taxes, etc. The remainder of the pool is then distributed appropriately to those with winning tickets. Various race tracks may have differing rules and regulations but they all operate under the universally accepted system of pari-mutuel betting.
Perhaps you have taken an interest in horses and horse racing but are hesitant to get involved in betting because you find it difficult to understand. Fortunately, horse racing betting can be easy and fun once you are already familiar with the different aspects of horse racing and its own unique terms and lingo. Before engaging in any betting activity, it is imperative that you are knowledgeable in the field where you are betting on. Find time to research on the basics or horses and racing as it will guide you on how to place your bets on winning horses.
How a horse will perform on a particular event will rely on different factors. Important points to consider when choosing a horse are its breed, age, gender, its trainer and who its jockey will be. Aside from these, the type of race track surface and its condition will also affect a horse's performance. Some horses are trained on turf only, while others may be well suited to run on dirt tracks, and then there are some who can handle both types of surfaces well. The length of a race may also influence its outcome. Some horses can only handle short distances well with short bursts of speed, while others are trained for stamina and can be better relied on for endurance races. Weather conditions such as wind velocity, humidity and rainfall can also affect a horse's performance so it is important to take this also into consideration during the selection process.
There are many different factors to consider in able to choose a winning horse-jockey combination. Although it is not a guarantee that you will always win at the races, a thorough knowledge of horse racing and a deep appreciation of the game will surely be handy in horse racing betting.
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