Horse racing is an equestrian sport that has been practiced over the centuries; the chariot races of Roman times are an early example, as is the contest of the steeds of the sun and the moon, aka the Derby. Modern day horse racing is practiced both off-track betting and on-track betting. Off-track betting is betting outside the official race distance of overtrack betting.
On-track betting, technically isn’t betting. However, it is often treated as such and some programs are run with the purpose of legalizing on-track betting.
When an off-track betting operation is established, like the one in New Zealand, it must follow certain rules and regulations. For instance, it can’t make deals in advance with any other horses than those on its own race. It can’t make deals with other off-track betting companies at any time and must have a quota of money in its kitty, which keeps down cases of rivalry and legal issues.
Because of all this, it’s rare for companies to accept bets on non-racing events. Occasionally a race will occur where all horses are running short of their best if not generallyRun for the Roseson its last race.
Other types of betting not generally considered to be sports betting are betting on poker, online slots, on roulette, on financial markets, or on Dewalive and HR.
When it comes to horseracing, one can safely say that the majority of people who place bets on races do so to win money. It’s a sleep inducing animal, watch out for those who put zealous bets on their favoured horses, or they endure with a hope that their gamble will pay off. When applied to poker, it means that the player will have to be accurate in his prediction of the outcome, and if he makes a mistake, he’d like to have a chance to recover the money.
People may occasionally still bet on horseracing just for the sake of betting. They have no monetary goal when doing so, and would do so any way. Betting on horseracing does not require any monetary commitment, therefore people most often do it just for the thrill of the bet, and no matter how much they’ll eventually lose.
Since the early 1970s when the first actual computer was introduced, horseracing betting systems have been developed. Betting systems allow bettors to manipulate the odds and win money at long term probabilities, therefore taking the gamble out of gambling. Many of these betting systems can be found on the internet, and a small number of professional race bettors will always continue to use the old time horseracing systems.
Basic horseracing betting system is a betting method that involves analyzing the performance of the horses, understanding the purpose of each race, and making an average of each horse’s performance so far, and thus bet on the most likely winner. It is a simple method, but the outcome can be very unfortunate if the wrong factors are taken into consideration. Don’t make the mistake of using the wrong factors, make a good judgment and bet accordingly.
The horses: Is there an even number of horses in the race? This is very important, because if there’s an even number of horses, you have a 50/50 chance of winning, whereas if there’s an odd number of horses, you have an approximately and not so good chance of winning, because not many of the horses have even crossed the track yet.
The weather: sunny, dry, rainy or even rainy: Rain can hurt the horse, whether it wet or heavy. Windy is also not favourable for horses as the speed is considerably lower.
The distance: How far is the race being run? A horses first race is X number of strides, whereas second race is a percentage of the distance of the first race. Hence, if the horses are running farther in the second race, there’s a possibility of winning.
The post time: Opinions here might be little bit different, because owners and trainers will wait for the actual results which might be a bit worse as they can also lose their own money.
There are many other little rules, conditions, tricks and factors that might affect the horses chances, so make sure you check out any of them before you bet big money.