Horse racing is a high-performance equestrian sport. It is when horses go head-to-head with one another in a race over a predetermined distance. These horses are usually ridden by jockeys. The most popular kind of horse racing is known as “racing on the flat” and typically uses thoroughbred horses.
It is one of the oldest sports in history, practised by many countries since ancient times. Think back to chariot racing in Greece and Rome – it also plays a crucial role in Norse Mythology with the famed battle of the steeds between Odin and Hrungnir.
In the modern era, however, it has been kept alive, and evidently become of mass economic importance through gambling. According to Horse Racing International Federation, it racked up an incredible US$115 billion worldwide in 2008.
You can take a gamble on practically anything, and so betting on horse racing has brought about many aspects to the sport. Before we get into the intricacies of betting on horses, here is everything you need to know about horse racing as a sport.
Certain horse racing organisations will most likely have different rules on how horse races should be conducted. However, most of these organisations have based their rules on the British Horseracing Authority's rulebook. Here are the main rules as per this rule book.
The rules of Horse Racing betting differ, depending on who you bet through. Traditionally, you’d bet on a horse to win but with the emergence of online sports betting, there are a vast number of outcomes you can usually bet on including:
All the above have very different outcomes in terms of winnings. They also all have very different criteria. It’s best to do your research before picking your type of bet. Also, make sure to study the odds and pick the bookmaker wisely. For an entertaining read, take a look at the story of Irish businessman JP McManus who had no problem betting a million USD on a single horse, regularly.
Part of what makes betting fun is the risk, part of the fun is also learning from your mistakes, but if you’re looking to make passive income on the side with minimal risk, your best option would be sports arbitrage. It’s very different from traditional betting as you bet on all sides with different bookmakers.
Autobetting’s user-friendly online platform gives individuals the opportunity to create additional income for themselves. We pride ourselves on helping you learn the ins and outs. We will teach you arbitrage trading and give you the data in order to succeed.
The actual trading will be done only by you. See for yourself, take a look at our guide.