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A
betting information site, providing a resource for all gambling interests |
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Horse
Racing |
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| Definition of 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. The common nickname for horse racing is
The Sport of Kings. |
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Types
of Horse Racing |
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They're off
in Hong Kong |
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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 Canada and parts of Europe. Quarter horse and Arabian racing
are also popular in the western United States and Florida.
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. |
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Betting |
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| At many horse races, there is a gambling station, where gamblers
can stake money on a horse. (Gambling on horses is prohibited at some
tracks; the nationally renowened Colonial Cup Steeplechase in Camden,
South Carolina, is known as one of the races which betting is illegal,
because of a 1951 law in the state where betting on horse racing is
illegal.) Where gambling is allowed, most tracks offer Parimutuel
betting where gamblers' money is pooled and shared proportionally
among the winners once a deduction is made from the pool. In some
countries, such as UK, Ireland and Australia, an alternative and more
popular facility is provided by Bookmakers who effectively make a
market in odds. This allows the gambler to lock in odds on a horse
at a particular time. |
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Types of
betting |
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Home Turn,
Racing in France |
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| 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 bet is a winner. In bet
to place, you are betting on your horse to finish either first or
second and 'show' is first, second or third. Since it is much easier
to select a horse to finish first, second or third than it is to select
a horse just for first, the 'show' payoffs will be much lower on average
than win payoffs. Betting 'show' is really playing it safe while win
betting is a bit more risky, yet the rewards are better. |
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| In Europe, betting to show is less commonplace since the number
of "payout places" varies depending on the size of the field
that takes part in the race. For example, in a race with seven or
less runners in the UK, only the first two finishers would be considered
winning bets with most bookmakers. Three places are paid for eight
or more runners, whilst 16 runners or more will see the first four
places being classed as "placed". Betting to place takes
on a different meaning in Europe for this reason. In the US a place
bet would only pay out if the horse in question finished first or
second, whilst in the UK, a place bet would be deemed a winner based
on the aforementioned criteria. |
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| The term "Each Way" bet is used across the globe, but
again has a different meaning depending on your location. An each
way (or E/W) bet sees your total bet being split in two, with half
being placed on the win, and half on the place. US bettors would only
see a payout for a first or second place finish with this type of
bet, whilst European and British bettors (or "punters")
would receive a payout if the horse either wins, or is placed based
on the place criteria as stated above. Most UK bookmakers cut the
odds considerably for an each bet, offering the full odds if the horse
wins but only a third, a quarter or a fifth of the odds if only the
place section of the bet is successful. |
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Horse racing
in the United Kingdom |
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Horse racing in the United Kingdom is generally of three types,
and is a major contributor to the UK economy. Horse racing can be
over fences or over hurdles, known as National Hunt racing, or unobstructed
distances races, known as flat racing.
Additionally there is another form of racing which is run on an
altogether more informal and ad hoc basis, known as point to point
racing. Point to point is a form of steeplechasing for amateur riders.
It, like professional racing, is nevertheless run under the auspices
of the regulator for horse-racing in Great Britain, the Jockey Club,
which works in conjunction with the governing authority, the British
Horseracing Board.
The UK has produced some of the greatest jockeys, including Sir
Gordon Richards, usually considered the greatest ever jockey. There
are about five hundred British professional jockeys |
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www.gambling-betting.net |
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layout
copyright 2007 |
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