Horse racing has been around since man first decided to ride them. In fact, around 4500 BC the first horse was domesticated. Since then, horse racing has evolved from a sport that kings used to cherish to the highly lucrative betting game it is today. Horse racing and betting can be seen in all major countries in the world including the United States, Canada, Africa and most of Europe.
Breeding
Since the birth of the sport, breeders have tried developing the perfect horse for racing. Over the centuries, breeders decided that horses bred from champion horses have a much better chance of being good race horses. Many times, investors will pay breeders to have champion horses bred and eventually sell their share in the horses if it is a winner. Since prized stallions are hard to come by, this has turned into a multimillion dollar venture.
Racing
Horse racing became a professional sport over 300 years ago in England. During this time, spectators used to wager on certain horses and win a substantial amount of money if they won. Shortly after, the sport spread to all regions of England and eventually formed the Jockey Club in 1750. This group of racers still controls English racing today.
American Thoroughbred Racing
Although the Americas had a racetrack as early as 1665, the sport was not officially organized until 1868. Within just a few decades, over 314 tracks were in operation throughout America. This rapid increase brought the sport to a new level of popularity and opened up the concept of thoroughbred racing to America. Since then, the sport has grown into a multi-billion dollar business. This massive increase caused a lot of fans to bet on races and propelled the sport to where it is today.
Betting
It can be argued that betting on horse racing has caused the sport to thrive throughout the centuries. Even in earlier times, the wealthy would often place wages on horses. Today, most betting systems follow a formula created in the late 19th century. This formula divides the wagered money up giving a percentage of it to the race tracks and dispersing a portion of it for taxes.
When people bet on races, they utilize an odds based system. Under this system, the money won is determined by the money wagered times the odds of the horse winning. A 2-1 odd would double a person's winnings. Betting can be done based on the winner, or the order of horses finishing. Although this system is complicated, it has become a standard in every race track in the world.
Horse racing has come a long way since its origination. Betting on horses has propelled the sport to new heights and enabled it to be one of the most watched events in the world. When horses win major races, their legacy is often placed in horse racing history as they are then bred to keep the bloodline going. Regardless of the times, betting on horse racing has been a pastime that many folks continue to enjoy.
Breeding
Since the birth of the sport, breeders have tried developing the perfect horse for racing. Over the centuries, breeders decided that horses bred from champion horses have a much better chance of being good race horses. Many times, investors will pay breeders to have champion horses bred and eventually sell their share in the horses if it is a winner. Since prized stallions are hard to come by, this has turned into a multimillion dollar venture.
Racing
Horse racing became a professional sport over 300 years ago in England. During this time, spectators used to wager on certain horses and win a substantial amount of money if they won. Shortly after, the sport spread to all regions of England and eventually formed the Jockey Club in 1750. This group of racers still controls English racing today.
American Thoroughbred Racing
Although the Americas had a racetrack as early as 1665, the sport was not officially organized until 1868. Within just a few decades, over 314 tracks were in operation throughout America. This rapid increase brought the sport to a new level of popularity and opened up the concept of thoroughbred racing to America. Since then, the sport has grown into a multi-billion dollar business. This massive increase caused a lot of fans to bet on races and propelled the sport to where it is today.
Betting
It can be argued that betting on horse racing has caused the sport to thrive throughout the centuries. Even in earlier times, the wealthy would often place wages on horses. Today, most betting systems follow a formula created in the late 19th century. This formula divides the wagered money up giving a percentage of it to the race tracks and dispersing a portion of it for taxes.
When people bet on races, they utilize an odds based system. Under this system, the money won is determined by the money wagered times the odds of the horse winning. A 2-1 odd would double a person's winnings. Betting can be done based on the winner, or the order of horses finishing. Although this system is complicated, it has become a standard in every race track in the world.
Horse racing has come a long way since its origination. Betting on horses has propelled the sport to new heights and enabled it to be one of the most watched events in the world. When horses win major races, their legacy is often placed in horse racing history as they are then bred to keep the bloodline going. Regardless of the times, betting on horse racing has been a pastime that many folks continue to enjoy.