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Posted 2023-08-04 08:41:03  
Horse Racing Events and Trivia You Would Want to Read

 

The history of horse riding in the United States can be traced down to the British era. This royal sport was introduced and popularised by the English. America is home to both fans who love to follow the game for its glory and fun.

Also, those who find horse riding as the most lucrative additional income means through wagering. So, how much do these events cost and should you bet on horse racing with the best betting sites South Africa? We will take a look at it below.

In 1665, the first racecourse was established in the U.S., known by the name Newmarket course, in Salisbury, New York.

Horse Racing Events
A single calendar year witnesses several racing events in the U.S., which are a visual treat for horse lovers as well as professional wagers. The stakes involved in the race vary according to the scale of the event held. A few famous horse racers looked upon are:

Triple Crown
The most sort-after Grade I series of thoroughbred racing is the Triple Crown. It involves a series of 3 races, namely, the Kentucky Derby, Preakness Stakes, and Belmont Stakes. These races are received by maximum viewership and huge bets are placed on the competing horses. The 3 races are held within weeks, one after the other, during May and June every year.

Tevis Cup
This competition is a 100-mile endurance race introduced in 1955. This event involves a day-long run wherein the horses and their mounts are checked at every mandatory check-post to ascertain the condition of the horse and whether it is fit to proceed to the finish line.

Breeder’s Cup
A less popular racing event, the Breeder’s Cup involves 13 races over the course of two days and is responsible for deciding the annual award winners of the American Horse of the Year and divisional Eclipse Award (awarded to champions of the sport) results. The total prize money awarded in this event is $28 million .

Wagering on Horse Races
A sport known for attracting wagers all over the globe is sure to have an organized betting platform. In the U.S., horse race betting is sanctioned and moderated in the states where the race track is located. Depending on the kind of wager placed, the state law determines the takeout share for all parties involved, that is, the horsemen, race track, winner, and the state as well.

Advanced deposit wagering is a betting practiced in the United States, wherein the bettor has to deposit in his/her account before being allowed to place a bet on the outcome of a race. These bets are conducted over the phone or the internet, and revenue is shared among state, track owners, and riders.

Owning a Racehorse
As many might find the idea of owning a horse very lucrative, investing in a horse may lead you to a money deadlock with overheads like vet bills, maintenance charges, and taxes imposed on a horse. However, you may own a horse by the following means:
Buy shares on horses through partnership firms. Getting into a partnership is economically viable and doesn’t put the entire debt load on you. A few thousand dollars would also be a good initial investment.
Participate in auctions on horses in claiming races.

To earn money from your horse, make it race in small events rather than going big in the beginning.

 


 

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