What is a horse betting?
Horse race betting is making a wager on a horse race, betting on the winning horse. It is not to be confused with horse and equestrian sports like show jumping, dressage and eventing.
Horse racing first appeared in ancient Greece and Rome, but then disappeared gradually with the development of Christianity. The races continued until the 12th century during the Byzantium age.
In the seventeenth century they reappeared in France and England. It is the English who invented the rules of modern horse racing. At this time, it was the most watched sport in both countries while leading the construction of a large number of racetracks.
At the end of the Second World War, horse racing grew worldwide. But the majority of them always took place in Europe.
Horse Race Betting
All horse races are highly regulated and organised by authorised state approved companies. This control prevents fraud on bets, money laundering through horse betting and pathological gambling.
There are three types of horse races
The condition races
This is the best way for horses to access the big races. The races are open to a number of horses according to their age, sex and number of victories.
There is a type of racing that involves horses being auctioned via a system of a secret ballot, so they are assigned to the highest bidder.
Each horse has a claim rate registered with the program running, the difference between the claim rate and the price offered by the buyer goes into the coffers of the company organizing the race, allowing them to finance infrastructure for the horse races.
This type of race is restricted to horses which have run at least three gallops. The principle is simple. Initially, each horse is assigned a handicap based on its performance on his previous races (carrying a weight from 50 to 62 kg weight).The latter race conditions are based on the weight of the jockey and his equipment. This provides tighter and much more interesting races.