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Horse racing, the exciting and lucrative sport
28th August, 10:55Las Vegas, Aug 28: Winning lots of money from horse racing makes it exciting and lucrative sport. Horse racing tends to get overlooked in the sports betting world.
The popular gaming website cheltenham-betting-offers.co.uk updates information useful for both beginners and experts with notable feature 'Cheltenham Betting Offers 2020'.
Horse racing is one of the most ancient of all sports, typically involving two or more horses ridden by jockeys over a set distance for competition.
The field, as it is called, varies from race to race. Any horse race has 3 finishing points - Win, Place and Show. They are the first, second and third consequent places. These spots are known as 'in the money.' A horse that doesn't finish in the money is referred to as also ran.
Horse races vary widely in format and many countries have developed their own particular traditions around the sport. Variations include restricting races to particular breeds, running over obstacles, running over different distances, running on different track surfaces and running in different gaits.
While horses are sometimes raced purely for sport, a major part of horse racing interest and economic importance is in the gambling associated with it, an activity that generates a worldwide market worth above USD 100 billion.
At many horse races, there is a gambling station, where gamblers can stake money on a horse. But Gambling on horses is prohibited in many countries.
Placing horse racing bets can sometimes be hard work and you do not always know which horses to go for on the bet. Studying the form of a horse can take some time and it can be confusing if you do not know how. That is why a horse racing betting system may be just what you need.
It take a plenty of skill to actually consistently win a horse race. This includes the influence of each horse's current form, the horse's previous results on each track and in varying weather conditions, along with the current form of the jockeys and trainers. It requires special skill to make more winning predictions than losses.
Betting on horse races is like a puzzle. Pieces of the puzzle is obviously the horses, jockey, trainer, owner, race conditions, ground, etc.
The race favorite on average wins 1/3 of the time, which means the betting public is quite good at picking favorites. However, even if you always pick the favorite, you will almost certainly lose money.