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Horse racing is one of the most popular sports in the world and related events are known to influence quite a lot of financial activity as the discipline provides a great avenue for placing bets. The biggest races in the world, such as the Cheltenham Festival, Grand National, and Kentucky Derby attract millions of viewers and are also responsible for millions of dollars in placed bets every year.
While it’s quite an exciting sport, a large percentage of fans are in it for the and many of them wouldn’t shy away from admitting it. Betting is likely responsible for most of the sport’s popularity but you probably wouldn’t struggle to find an enthusiast who would tell you there’s no better thrill than seeing that horse you were backing cross the finish line first. and many of them wouldn’t shy away from admitting it. Betting is likely responsible for most of the sport’s popularity but you probably wouldn’t struggle to find an enthusiast who would tell you there’s no better thrill than seeing that horse you were backing cross the finish line first.
It’s pretty easy to place a wager on a horse. You don’t have to be a horse racing expert or even know much about a horse to throw your money behind it. Of course, you’d be better off knowing all you can.
Horse racing takes place all around the world but is especially popular in the United Kingdom, Ireland, United States, and Australia. There are a few differences across locations but nothing very significant. That said, horse racing events in the UK aren’t quite the same as the ones in the U.S.
In the UK and Ireland, betting firms spend lots of money sponsoring races and all of them pay a levy that sees cash go towards improving the sport and finance prize pools. You can find plenty of odds for all of the major races from the top bookmakers, as well as for the smaller ones.
Most of the racing in the above regions fall into either flat or the National Hunt. Flat races take place on level surfaces without obstacles while National Hunt races present obstacles such as hurdles and fences. Flat racing is thought to be more prestigious, however, all of the jumping in National Hunt races makes for a more exciting spectacle.
Horse racing brings in large crowds in the United States, with the better venues boasting over 100,000 seats. The sport is believed to go back as far as 1665 in New York State but has been around much longer than that in places like Ancient Greece, Babylon, and Egypt.
Gambling on races in the U.S is just as big as it is in the UK. The Kentucky Derby, Preakness Stakes and Belmont Stakes make up the biggest races in the States, a trio referred to as the Triple Crown. Only 13 horses have won all three races, which makes Triple Crown betting all the more fun.
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There are many different types of racing in the U.S, with most categorized by location, distance, and whether or not there are obstacles involved. Among the many are Quarter Horse Races, which are run over a quarter mile or less. Thoroughbred Horse Races, pretty self-explanatory, are split into Thoroughbred Flat Horse Races and Thoroughbred Jump Horse Racing.
There’s also Standard Horse Racing, featuring standardbred horses, Endurance Horse Races, which could go from 10-100 miles. The longest endurance race in the world, the Mongol Derby, is a whopping 620 miles.
Meanwhile, Arabian Horse Racing involves horses that have roots in the Middle East. Such horses mostly run endurance races as they’re bred for stamina.
Australia’s biggest races come in the form of the Melbourne Cup, known as “the race that stops a nation” given its sheer popularity. The Australian Derby and Australian Cup are the other two big races on the calendar but there are several more.
Thoroughbred racing is by far the most common form of racing on the continent and only Australian football and rugby pull bigger crowds. The country boasts more racecourses than anywhere else in the world, with over 300, and they’re only bested by the States when it comes to the number of races held every year.
Also, only Japan and the U.S offer more prize money than Australia on average.
Horse racing is also pretty big in Asia; Japan is one of the biggest racing venues in the world and, as mentioned right above, is the leader when it comes to prize money. The Japan Cup, the biggest race in the country, is also the richest turf race in the world. Over 20,000 races take place in Japan on a yearly basis,
China, Hong Kong, the United Arab Emirates, the Philippines, Singapore, and Malaysia are also popular horse racing locations in Asia. Though gambling is illegal in the UAE, racing is pretty huge therein and Dubai’s Meydan Racecourse is the largest in the world. Said location hosts the Dubai World Cup, the richest race on the planet as it boasts a prize pool of $10 million. The venue also houses restaurants, a hotel, a theater, and a museum.
Hong Kong has had a very lengthy racing history and the Hong Kong Jockey Club, founded in 1884, is one of the oldest sporting organizations in the country. There are only two racecourses in Hong Kong, yet the country hosts around 700 races a year.