Horse Racing is considered an ancient sport by many, tracing its origins back to about 4500 BC in the past. They are often associated with the nomadic tribes and the people of Central Asia, who also happen to utilize the use of the horse in their daily tasks and domesticating their usage.
From there, the idea of horse racing was born. It flourished and was popular amongst the royal blood. They are one of the most sought-after forms of entertainment of many kings. Today, horse racing is enjoyed by pretty much everyone from around the world, making it one of the many widely known gambling activities out there.
An overview of horse racing
In fact, both in Asia and the Americas, horse racing has been one of the most successful sports in terms of attendees. In 1989, a record-breaking number of over 50 million horse racing fans was achieved. It is also said that a staggering amount of $9 billion worth of money has been placed as bets.
Singapore even has a dedicated service that caters to horse race fans called the Singapore Pools Horse Racing.
Similar to other kinds of sports, horse racing has plenty of horse racing varieties and this mostly varies depending on the surface of the courses, the size or distance, and even the number of horses involved. Some of the most popular horse races include Quarter horse racing, thoroughbred horse racing, and harness racing.
Horse racing and sports betting
There’s no denying that betting on the outcome of every race has been the major foundation of this sport’s appeal. Not to mention, the thrill of seeing your favorite horses and their equestrian or rider. While it isn’t a sport that cannot be attempted by many, everyone can instead wager on this high-adrenaline sport.
In the US, most tracks you can find today use a pari-mutuel casino betting system. This is a wagering system that was developed by Pierre Oller, a famous Frenchman in the late 19th century.
This betting system involves taking out a fixed percentage of the total amount of bets all to compensate for the taxes, track operating costs, and racing purses. This system is widely used across many online betting sites such as Hfive5.
What remains is then divided further to determine the payoff that bettors get. Of course, these payoffs vary and are constantly changing. You are most likely to recognize them as “odds”. They are used to determine whether you’ll be on an advantage before you even place some bets.
These odds are determined by what’s known as oddsmakers. Their job is to ensure that both the bettor and the bookmaker will get a fair share of profit for every single wager placed.
Placing bets on horse racing is simple. The most common form of horse race betting is picking the winner, the place, and the show. These are basically choosing the horses that will win first place, second place, and third place, respectively.
While there is no scientific evidence that proves horse breeding has ever been effective in creating winners, breeders have found a way to increase the performance of horses on the race tracks. Over the years, more and more horses with superior endurance and racing skills have been witnessed.
One of the most mind-boggling things about horse breeding is that it may cost millions of dollars to use male Thoroughbreds, especially if they are amongst the winners of Triple Crown races as they are the perfect candidate to breed the best offspring with the same racing abilities.Not only is horse racing and hfive555 sports betting popular, the hobby of breeding horses alone is as addicting as it can get. This is especially true amongst many elites that could potentially invest in funding such breeding projects.