Horse racing has a long history and rich tradition. Spectators all around the world are drawn to races, and the sport has recently stretched out into Far East. Betting on horse racing can pay very well if you know how to pick a clear winner.
Although betting on horse racing can vary depending on location, understanding the sport can increase your appreciation for the skills, training, and victories of each participant. This is what has drawn new international players to the sport.
A Tradition in Horse Racing
Horse racing is one of the oldest sports in history. It’s built on the basic goal of determining which horse can cover a set distance the fastest. A jockey rides each horse during competition.
The tradition has adapted to different cultures with some competitions limiting breeds used, using obstacles, or varying the track surface used.
The gambling that accompanies horse racing reaches over $100 billion worldwide. This has made it a sport of significant interest to many new players and investors.
Betters can use bookmakers as well as lay their money on betting exchanges online. In general, the betting exchange is what will determine the odds of a given horse. A quick view of the horse racing page at William Hill can provide the latest information on horse racing odds.
New Developments in Horse Racing
One of the biggest changes occurring in the sport of horse racing is the participation of Far East and Middle East countries. In fact, many British races are now using a more lucrative model of used by Asians involving betting sponsors and revenues.
In Britain, horse racing comes in second to football as the most popular sport for spectators. The number of attendees at today’s horse races continues to rise. Many investors from other countries are making their way into Britain’s horse racing ventures.
The Chinese are also getting in on the horse racing action. Delegations have begun to make their way to Britain, France, Ireland, and Canada to meet with trainers and breeders. Ireland even has a horse racing representative in China, which highlights the economic interest of both countries.
Keeping Score at the Races
Betting on horse races isn’t a worldwide activity. On some tracks, gambling is strictly prohibited. In South Carolina, the renowned Springdale Race Course does not allow gambling. This may seem unusual for a site that hosts the Carolina Cup and the Colonial Cup Steeplechase.
Some tracks use a pari-mutuel model in which the betters’ money is gathered into a pool to share among the winners.
Although horse racing may vary among different countries, its long history has remained steady throughout the years. Its rising spectator attendance and increased interest from new countries is a clear sign that horse racing is here to stay.