Betting World Horse Racing
In the next 5 minutes, the 'combination' will finally click and everything will fall into place as this exceptionally detailed step by step blueprint to make a killing at horse racing will allow you to replicate the exact formula we use to generate thousands of dollars every 30 days!
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Horse Racing is a Numbers Game. Everything about betting race horses involves numbers. There are numbers on the horses. The are speed figures. There are distances. Most importantly, there are statistics. Some statistics in horse racing. Betting on horse racing or horse betting commonly occurs at many horse races. It started in the UK in the early 1600s during the reign of King James I. Gamblers can stake money on the final placement of the horses taking part in a race. Gambling on horses.
But first, here's a sneak peek of what you'll discover...
You're going to see...
How to pick the right horse to bet on...
How much to bet on this horse...
How to generate thousands of dollars from this simple formula...
And you'll see how to do it quickly, and easily.
If you've struggled to make any profits betting on horses, always using stupid systems or tipping services, or maybe you're just sick and tired of wasting day after day searching for THE system...
... then you need to read every single word on this page very carefully - you're about to see exactly what this devastating new horse racing formula will do for you.
From: Stephen Browne and Frank Belanger
Date:
Re: Horse Racing Breakthrough
Dear punter...
Get ready...
... you're about to have your eyes wrenched open. In fact, I'll be bolder than that...
... you're about to have your entire horse racing life changed - permanently.
Sure, you probably don't believe me, and that's fine. In just a second you'll see evidence of exactly what I'm talking about.
And I've got to warn you - it's going to hit you hard, like a straight shot right to the gut. But before we get into that, let's talk about you for a sec...
You're frustrated about your results aren't you?
You're just sick and tired of struggling to make money betting on horses.
You've waded through all the BS systems online - the lies, the half truths... all the misinformation, all the scammers.
And all that has brought you right here, to this point...
OK...before we go any further, please let me introduce myself.
My name is Frank Belanger. I'm the author of many best selling sports betting ebooks at clickbank.
I started up betting on sports online as a hobby about 12 years ago. Ever since then, I developed and created many sports betting systems or methods of play that could be used to beat the bookies and make good money.
Now I hear you say...
It's ok, I know how you feel and it is perfectly normal to be skeptical so, please read what I have to say very carefully. In 2005, I released an amazing college football system (American Football NCAA) to my subscribers. Hundreds of people got their hand on this system and we all made a killing with it. We’ve earned thousands of dollars from this system.
Do you know what ?
In 2006, more than 95% of all reputable online sportsbooks changed their rules about the kind of betting we were doing. They didn’t have any choices because they were losing millions of dollars every week.
So, now do you think I know my stuff ? Yes I do! I’m your man!
After the phenomenal success of my unique sports betting systems, I was contacted by literally hundreds and hundreds of people from all walks of life. To be honest, I was overwhelmed. Many happy customers thanked me and complimented me on the simplicity of my sports betting systems, saying how simple and easy they are to use.
But the number one question I was being asked over and over again was whether I could actually create a powerful horse racing betting system and take you by the hand and walk you through the whole process of quickly building a solid bankroll and building a real horse racing fortune. And the simple answer is...YES I can!
So, two years ago, even if I was having success using my secret systems in every other sports, I didn't have anything specific for horse racing.
One day, I met Stephen Browne, a professional horse racing punter. He was working on a powerful horse racing system. We immediately started to work together and joined our forces.
After 2 years of hard work and thousands of day testing the system, we finally discovered THE ONLY FORMULA that can beat the bookies. In fact, we found a way to combine some powerful techniques and apply them to specific facts that only happens at horse racing.
We did thousands of live tests and BANG! It worked like a charm!
So NOW...are you ready?
Go Lock The Door, Take Off The Hook, Make Yourself Comfortable & Read Every Single Word Of This Letter, Because It's That Important!
Here comes your revelation...
I mean literally anybody. I'm not kidding here, or just hyping you up. It's completely true.
You don't need any experience, you don't need to know how to pick the right horses, and you certainly don't need to be a horse racing expert...
Put it this way:
If you found this page, you're smart enough to make a killing betting on horses online. It's that simple.
Heck, let me put it another way... if you can open a sportsbook account, you can make money betting on horse.
Insane amounts of money. More than you could possibly spend.
If we do it, YOU CAN DO IT TOO! We're here to help to do just that. Our new ebook explains in detail exactly the secret system we use to make thousands of dollars or pounds every month.
There's no jargon and no waffle, just straight-forward facts and clear instructions. I'll show you in step-by-step detail how to use our unique horse racing betting system and exactly what you have to do, and how you should do it. Nothing is left to chance. We'll show you everything.
Seriously, once you get down to it, making money from horse racing is no harder than microwaving your dinner or making a sandwich. And you can do those things right?
Well, congratulations. You've got what it takes to make at lot of money at horse betting online.
And yeah, I know it's tough to take that in right now - you think I'm either kidding around or just outright lying don't you?
Well, I'm not doing either, and if you just keep reading, you'll see exactly how simple it is.
But first...I have a few questions for you:
Do you ever feel frustrated because you know that you have a great systems or punting service but still you struggle to make money?
Do you ever feel like you are running on a never-ending treadmill just trying to keep your bankroll even and not lose money?
Have you ever said to yourself, if other punter's can make money betting on horses, so can I?
Do you ever feel a sense of complete overwhelm and frustration -- completely confused with all the back and lay systems out there?
Do you just know -- deep down inside -- that you have what it takes to make a nice profit betting on horses?
If you answered 'YES!' to any of these questions, then I have some really important news for you…
You're NOT alone. In fact, that list of questions was created from years of my own personal experience, and from learning about horse racing for myself. Suffice it to say: I've been there!
To say the last few months have been extremely exciting for me, would be an understatement! As I told you before, a couple of years ago I began working on this brand new project with my partner Stephen.
That project was the creation and launch of a mind-blowing horse racing formula called, The World Horse Racing Formula.
For over 2 years we worked 7 days a week formulating and implementing our secret formula. Finally, when everything was ready, using this magic formula for just 30 days I had added an additional $53,149 to my racetab account!
Yup, you read that right. In just 30 days I put $53,149 in my pocket!
And that got me thinking...
Guys like you and I, what we need is a complete horse racing roadmap. Something that shows us how to make money betting on horses online quickly and easily... and something that works almost instantly...
Because remember, we already agreed that making money at horse racing betting is easy, didn't we? We just need the right formula.
You see, We wanted to develop a horse racing system that was so simple, anyone could follow it. And not just follow it, actually earn money from it.
And we wanted to make sure you could do it with a very small bankroll, and get you started making money as soon as possible.
So we finally did it, and we put it all into one simple ebook...
Introducing... The World Horse Racing Formula
Generate serious profit quickly and easily
Finally get the horse racing success you deserve
Make money anytime you use it
If you're one of the thousands and thousands of people out there looking for a way to make money betting on horses, your search is over...
This is what you've been looking for.
A complete, foolproof roadmap. It's simple, and it works... fast
And it's not going to tell you to spend hundreds on this and that... it's not going to ask you to wait weeks until you start seeing money... heck, with this stuff you can make money from DAY ONE...
Let me just repeat that...
You could make money right now, today.
Seriously, how often can you say that? Sadly, not often enough right?
Well you can do it with The World Horse Racing Formula...
You see, that's the power of our amazing horse racing system - it's just about selecting the right horse and staking the right amount on it, and then making high profits everyday...
... and don't worry, I know that sounds complicated - but I promise you it's really very simple once you follow the easy outlines inside The World Horse Racing Formula.
By the way...
...Look Over My Shoulder As I Make Money At Horse Racing Live In Front Of YOU!
First, I look for specific things and the formula tells me to pick 2 horses for a win in this race...
...#2 FLAXTON and #5 O'CANNY for Race 5 at RICCARTON (NZL).
Second, I place my bets on both horses for a win at my online sportsbook...
...Here's my Receipt...
I sit down, relax, and watch this race LIVE on my computer! See how easy it is...watch it NOW with me! Who do you think is going to win?
...And the winner is...?
#2 FLAXTON at 4.90!
As you can see, I made $290 in only 2 minutes! This is how simple it is! Easy as cooking water!
You see, in just a few moments from now, the days of being subjected to always lose money betting on horses will finally be at an end and starting today...and we mean today... you really will uncover a little known secret that could catapult you to thousands of dollars per month at horse racing... in a staggeringly short amount of time.
Yep, we know... it's a pretty wild claim, and obviously you will have heard this kinda' pitch many times before...
...but let's take a step back for a moment and allow us to explain the one simple reason why this system is SO DIFFERENT to anything you've seen, read or even heard about before...
Absolutely! After months of testing we found that this formula works even better in USA! Even Stephen, my partner, was amazed by the results we were getting with this formula on the USA tracks.
You can really use this awesome horse racing formula with any track in the USA.
...literally every last one of them.
Here's Why...
Now, we can pretty much assume that since you began looking online or offline for a way to make some profit at horse racing, you've been led into trying one of the following in an 'attempt' to make money at horse racing online...
Horse backing systems...
Horse laying system...(betting a horse won't win)
Buying tips from a so called horse punter GURU...
Reading the form guide and all the horse racing newspapers...
...and obviously, the list goes on.
Of course, maybe you've had success, (and we sincerely hope you have)... but what we can guarantee is that the reason why you've used these systems is because the horse racing 'guru's' you've been listening to and ebook and courses you've been buying have been telling you to do so...
Now don't get us wrong, there's absolutely nothing wrong with some of these system but I can guarantee you that all of these systems will lose over the long run.
...And for almost all horse racing punter - the 99.5% of people who are desperately struggling to make money betting on horses, the reality is that even with the best will in the world, the likelihood is they will never get anywhere with the systems they buy.
It's a regrettable fact... but unfortunately true.
If you've been 'burnt' before then obviously it will have hurt... but the only way to move forward is to extinguish the past, forget about your previous failures and concentrate on the future.
...That's how every successful horse racing punter thinks (without exception)... and it's how you should be thinking too.
The point is this...
The only thing you need to know right now is that there is a NEW way to make a lot of money at horse racing betting... it's something you've never been told... and it doesn't involve any of the intense frustration and drawbacks that you'll have probably experienced before.
Listen, even if you've never made a penny at horse racing betting, and you've no idea where to start... The World Horse Racing Formula contains all you need to get started, and begin making money...
But don't take my word for it...
Look At What Our Beta Testers Have To Say
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The World Horse Racing Formula contains all of the cutting edge techniques I've used to quickly build up a PASSIVE horse racing income of around $50,000 every month.
And don't get me wrong, I make more money from other sports betting systems and other techniques... but this comes from me basically doing almost nothing. I spend about 30 to 60 minutes online everyday, and that's it!
Just regular profits every single day.
In fact the formula shows, exactly how quickly this whole thing can make you money...
And that just proves what I was saying before... making money at horse racing betting isn't difficult. You just need a proven system/formula to follow...
Picture it...
You go ahead and download The World Horse Racing Formula right now...
And in just a short while, you've got your first winning bet - but better than that, you've gotten a nice profit on this bet.
You're already making money... the selected horses win the races... and you're ALREADY making BIG PROFITS!
Sounds crazy right?
Well, to be blunt, it's not crazy at all. It's exactly what's going to happen on your first day!
You just think it's crazy because of all the bad information you've been fed. All the guys selling you their dumb, overrated systems want you to think it's hard to make money at horse racing.
They want you to think that it's some big secret that only a select few people can understand and replicate.
But it's not like that at all... making money betting on horses is no tougher than making a cup of coffee.
And that's why you need The World Horse Racing Formula... because it's going to show you exactly why it's that easy to build a successful, insanely profitable horse racing empire.
In World Horse Racing Formula the exact steps you need to take in the exact order you need to take them are laid out for you to follow. Every last step is explained for you in full detail from A to Z. Nothing is left out, nothing is left to guess-work and nothing else is needed to piece it all together.
Making money betting at horse racing betting the old way is very hard.
But what if...
there was a Horse racing system that could generate money almost immediately
there was a Horse racing system that anyone could easily use and have success
there was a Horse racing system that could start generating substantial income right away
there was a Horse racing system that doesn't need any handicapping skills
there was a Horse racing system that only needed to be learned once and then use over and over again as long as you want
there was a Horse racing system that is only mechanical and mathematical
there was a Horse racing system that never failed
there was a Horse racing system that is designed to make you thousands of BIG $$$ every month
Would you be willing to give it a shot?
I'll BET you would!
You could waste years of your time studying tons of horse racing betting courses and books whilst your account balance slips away. Forget all those, this is the only book that uncovers and exposes the real horse racing betting system with this amazing breakthrough approach. You could be just minutes from lifelong prosperity.
...but listen... let us repeat one of the most crucial aspects of the World Horse Racing Formula:
It simply doesn't matter if you don't know the first thing about horse racing, the win bet, the each way bet, the form or any of the things that might have held you back before...
...if you can read and watch then you are already over qualified... and we provide all the websites, tools, instructions and advice so this is as 'push button' as it could ever possibly be.
Basically, this is the perfect opportunity for either those who are struggling to make money betting on horses, people looking for a realistic way to supplement their income... or even more experienced horse racing punters who are already making a decent income at horse racing, but simply want to make ALOT more!
Listen, there is an even more important element to this and it is one of the major reasons why it's so essential that you take action now...
There are no secret loopholes to learn, there’s nothing to hide, no hours of learning masses amounts of useless information …just apply the formula.
There is also nothing the bookies can do about it either because this has been staring them in the face since the conception of horse racing.
If you are interested in the history of horse racing, and how to go through all the arduous calculations to come up with your own possible winner, then this system is not for you because no Form Guide is necessary.
We have developed a numbers formula only, for you to apply to any tipping service available on the day.
You don’t need to know how the professional horse punters get to the final favorites, and you don’t need a 90 page glossy manual with DVD’s to show that it really can be done, all you need to do is apply the Formula.
Live Horse Race Betting
Here are some of the calculations you will never have to do.
| Consult the Form Guide for a start; this guide shows all horses past and current racing statistics and without it you have very little chance picking a winner. |
| You won’t have to worry about the weather conditions |
How many previous races the horse has won |
Who the jockey is and what his track record |
The Type of race and likely winners |
The Track and field conditions |
The Venue and field size |
The Barrier position |
Weight Variances |
The Age group |
The Odds |
The Class |
The Fitness |
The Distance |
The Type Of Bet |
How much you will win |
Fractional and decimal odds |
Ratings expressed in terms of price |
Percentage movement and price reduction |
An Open or restricted handicap, or a maiden race |
And all the codes and abbreviations because there are many |
There are also many many more important calculations I could list however, I have never once consulted a form guide, and developed this formula to be applied to all the time consuming work that has already been done for you.
All you will ever have to do is allow yourself 1–2 hours any day of the week to sit down and focus on the races from any given time in the system.
Plus, when you get the formula down-pat, you can keep working on the computer doing whatever, read, anything really.
Spreadsheets?
You don’t need them either that’s all done for you, we will show you how to set it up in minutes ready for the (1-2hr) days racing, in fact you don’t even need to do that once you get use to the formula and you have your timing right.
This is not a time consuming system, this is a proven formula that works and gets you the winning results you want in less than two (2) hours.
I always use sports betting and now horse racing as an investment. This is not a get rich quick scheme. This is however, a sure way to make a lot of money.
Layoffs, corporate downsizing, economies in tatters... Ultimately, there is no such thing as job security anymore and everyone knows that 2010 is going to be a seriously tough year financially... again!
In other words, there could be a very strong possibility that you will need some sort of a financial back up if the unthinkable happens to you...
...but even if it doesn't, wouldn't an extra $5,000, $10,000 or even $25,000 per month be kinda' nice?
It doesn't matter if you're a work at home mom that wants to make a bit of extra cash, or even a corporate executive looking for a way out of their mind-numbing day job...
...literally anyone could do this. A student, mother or grandfather. Anyone.
Remember the reasons why?
You do not need any experience or big investment... and the best thing is that once you have downloaded the ebook we will give you a complete end-to-end guide to get everything set up quickly so you can start cranking out money faster than you ever imagined was possible.
Ok... so hopefully by this stage you'll realize just how powerful the 'World Horse Racing Formula' formula is, how much you'll benefit and the insane levels of additional income that you could create...
But the question you're most likely asking yourself now is...
Well, the real question you should be asking is how much is it worth to you to have two guys already generating thousands of dollars a month at horse racing betting, taking you by the hand and literally forcing you to do the same??
The answer should be obvious... It's 'Priceless'
Remember, we reveal absolutely everything. All the tips, tricks, and strategies that allow us to make more money each month than most people make in a full year!
Here's the bottom line...
If you're serious about making real money betting on horses day in day out, then this unprecedented, and unique system is for you...
This isn't some sort of flash in the pan either... it is something you use when you want, show off to your family and friends (especially the one's who doubted you.. that's the fun part :) )...and more importantly, this is something that YOU will be proud of.
Honestly, we've battled with how to price this for weeks...
Originally we 'toyed' with the idea that $497 would be a fair price to ask. After all we are giving away the entire formula that allows us to generate up to $50,000 a month ... Literally every last secret.
However, after seeking the thoughts of a number of esteemed professional horse racing punter, the consensus was that we were being utterly reckless...
Some suggested $1997, others said $5000, and even one of them even told us he wouldn't even consider releasing this information for any less than $10,000 for each individual ebook!
And as you know, many horse racing systems are sold in Australia and in the UK for more than $10,000! Yes you read it right...$10,000!
The truth is though, even though similar systems sell very successfully for these extremely high prices, in the current economic climate, we didn't feel that it would be fair.
It would most likely put it out of reach of those who need it the most. So.. to give everyone a chance, we have decided to offer you...
| When we were writing this new amazing ebook, We wanted to find a way to make sure people knew that it was a win-win situation... And that's why we went with a crazy 2 month guarantee. |
Listen, we both know that guarantees like that are pretty rare. A guarantee like that backed by a product this good is pretty rare in the horse racing betting industry. It just doesn't happen.
But earlier, I promised you a crazy price... and I really wasn't joking.
For a VERY limited time only, we are going to allow you to literally steal this ENTIRE formula from us at an almost insane $497 $197.
** But... Be Warned **
This special price is only temporary and No Matter What Happens, It WILL be increased back to the usual $497.00, maybe as soon as the next few hours... |
In other words, there is only one chance and to be honest, you really don't have the time to mull over this... If we get overrun by orders right now, we may have to pull the system without warning... at ANY time.
It will happen, and most sensible people wouldn't even dare refresh this page in fear of the download button being replaced by a 'Sold Out' sign...!
(You can reserve your spot directly below...)
However, just before you do, we do have one last important thing to say...
...and that is: We are not here to take your money if you're not serious.
What we really want are people who are willing to use the formula and tools... (in other words the ENTIRE proven blueprint)... and who have the drive to turn their dreams into reality by putting this very simple formula into action and generating themselves a massive consistent income for months, years, or possibly decades to come.
In other words, if you're skeptical then please move over and let someone in.
Listen, it's your decision... all the copies WILL be sold extremely fast and whether it's you or someone else who 'gets in' won't directly affect us. The smart people will take this opportunity and have direct access to our formula and everyone else will be left in the dark... trailing in their wake.
In fact, once you discover this simple formula, nothing or no-one will be able to keep you from all the success and horse racing wealth you DESERVE.
Truthfully, not everyone will be able to take advantage of this opportunity. It's only for the person who is ready to take their rightful place as a successful horse racing punter and is willing to do whatever it takes to finally make it happen...
As soon as your order is confirmed (it happens instantly), you can start immediately as everything is delivered online.
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To your horse racing success,
Frank Belanger
WorldHorseRacingFormula.com
P.S.- If you're serious about making fast money betting on horse, you need The World Horse Racing Formula. I don't know of another way for you to get almost instant profit... other systems will see you waiting weeks or even months to make a profit.
P.P.S.-You really do have 2 futures from now. You've read about all the guys making crazy money at horse betting right? Well, the big guys got where they are by taking action at moments like this. You've got a decision to make, and the right one will change your life...
P.P.P.S.- Look, I'll level with you now. The horse racing betting lifestyle, isn't for everyone. Some people were just built to work hard for a living. That's why you're protected with my 2 month guarantee. If you don't like it, let me know, and I'll refund every red cent, no questions...
© Copyright 2010 The World Horse Racing Formula. All Rights reserved.
'ClickBank is a registered trademark of Keynetics Inc., a Delaware corporation. Worldhorseracingformula.com is not affiliated with Keynetics Inc. in any way, nor does Keynetics Inc. sponsor or approve any Worldhorseracingformula.com product. Keynetics Inc. expresses no opinion as to the correctness of any of the statements made by Worldhorseracingformula.com in the materials on this Webpage.'
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Betting on horse racing or horse betting[1] commonly occurs at many horse races. It started in the UK in the early 1600s during the reign of King James I.[2] Gamblers can stake money on the final placement of the horses taking part in a race. Gambling on horses is, however, prohibited at some racetracks. For example, because of a law passed in 1951, betting is illegal in Springdale Race Course, home of the nationally renowned Toronto-Dominion Bank (TD Bank) Carolina Cup and Colonial Cup Steeplechase in Camden, South Carolina.
Where gambling is allowed, most tracks offer parimutuel betting where gamblers' money is pooled and shared proportionally among the winners once a deduction has been made from the pool. Parimutuel betting also provides purse money to participants and a considerable amount of tax revenue, with over $100 billion being wagered annually in 53 countries.[3][4][5]
In some countries – notably the UK, Ireland, and Australia – an alternative and more popular facility is provided by bookmakers who effectively make a market in odds. This allows the gambler to 'lock in' odds on a horse at a particular time (known as 'taking the price' in the UK).
Types of bets[edit]
In North American racing, the three most common ways to bet money are to win, to place, and to show. A bet to win, sometimes called a 'straight' bet, means staking money on the horse, and if it comes in first place, the bet is a winner. In a bet to place, you are betting on your horse to finish either first or second. A bet to show wins if the horse finishes first, second or third. Since it is much easier to select a horse to finish first, second, or third than it is to select a horse just for first, the show payoffs will be much lower on average than win payoffs. If there are a small number of horses in the race, show or place bets may not be offered (or if bets have already been made, they are cancelled and the wagered amounts refunded).[citation needed]
In Europe, Australia, and Asia, betting to place is different since the number of 'payout places' varies depending on the size of the field that takes part in the race. For example, in a race with seven or less runners in the UK, only the first two finishers would be considered winning bets with most bookmakers. Three places are paid for eight or more runners, whilst a handicap race with 16 runners or more will see the first four places being classed as 'placed'. (A show bet in the North American sense does not exist in these locations.)
The term each-way (E/W) bet is used everywhere but North America, and has a different meaning depending on the location. An each-way bet sees the total bet being split in two, with half being placed on the win, and half on the place. Bettors receive a payout if the horse either wins, and/or is placed based on the place criteria as stated above. The full odds are paid if the horse wins, (plus the place portion), with a quarter or a fifth of the odds (depending on the race-type and the number of runners) if only the place section of the bet is successful. In the UK some bookmakers will pay for the first five (some independent firms have even paid the first six) for a place on the Grand National. This additional concession is offered because of the large number of runners in the race (maximum 40). Occasionally other handicap races with large fields (numbers of runners) receive the same treatment from various bookmakers, especially if they are sponsoring the race.
The rough equivalent of the each-way in North America is the across the board (win/place/show) or win/place bet, where equal bets on a horse are made to win, place, and show (or just win and place). Each portion is treated by the totalizator as a separate bet, so an across-the-board bet is merely a convenience for bettors and parimutuel clerks. For instance, if a $2 across-the-board bet (total outlay of $6) were staked on a horse which finished second, paying $4.20 to place and $3.00 to show, the bettor would receive $7.20 on what is essentially a $6 wager.
In addition to straight wagers, 'exotic' wagers offer bettors an opportunity to incorporate the placement of different horses in one or multiple races. The two broad types of exotic wagers are horizontal and vertical. Horizontal exotic wagers are bets on multiple horses in one particular race, while vertical exotic wagers involve predicting results across multiple races. Both have specific options for which bets are available and are detailed below.
In the most basic horizontal wager, an exacta, the bettor selects the first and second place horses in the exact order. Picking the first three finishers in exact order is called a trifecta and a superfecta refers to the specific finishing order of the top four horses.
Boxing is a tactic that increases the odds of winning an exotic wager by removing the need to choose the exact order. A quinella, which boxes an exacta (allowing the first two finishers to come in any order and still win), is the basic box, but boxing can be applied to the trifecta and superfecta as well.
A wheel is a bet on a single horse is to finish in a specific position, with multiple horses finishing ahead and/or behind it. In a sense, a win bet can be thought of as a specific type of wheel bet.
Vertical bets are spread over different races. A daily double is an exotic wager placed on the winner of two consecutive races. Picking the winner of three, four, five or six straight races is referred to as a pick-3, pick-4, pick-5 and pick-6 respectively.
Betting exchanges[edit]
In addition to traditional betting with a bookmaker, punters (bettors) are able to both back and lay money on an online betting exchange. Punters who lay the odds are in effect acting as a bookmaker. The odds of a horse are set by the market conditions of the betting exchange which is dictated to by the activity of the members.[6]
United States[edit]
In the United States, the states with the largest pools are California, New York, Kentucky, Florida, Maryland and Illinois in no particular order.[7]Betting on horse racing in the United States varies from state to state. By the late 19th century over 300 tracks were in operation in the country but those opposed to gambling caused the banning of bookmakers and horse racing at the beginning of the next century. In 1908 pari-mutuel (tote) betting was introduced, helping the industry to prosper and that has continued to be the case to the present day. Pari-mutuel betting is currently legal in 32 US states. Due to new legislation horse race betting in the US could change significantly in the near future. The legal market handle on horse racing in the United States in 2018 was $11.26 billion while experts predict the illegal sports betting market could be anywhere from $80 billion to $150 billion annually.[8]
Kentucky Derby[edit]
Betting World Horse Racing Tips
Run on the first Saturday in May the most famous horse race in the United States, the Kentucky Derby, takes place at Churchill Downs and is known as ‘The Run For The Roses.’ The one mile two furlong contest dates back to 1875. $149.9 million was wagered on the race in 2019, beating the previous record amount of $139.2 set 12 months earlier. $24.6 million of that total was gambled online.[9]
Hong Kong[edit]
Hong Kong generates the largest horse racing revenue in the world and is home to some of the largest horse betting circles including the Hong Kong Jockey Club founded in 1884. In 2009, Hong Kong generated an average US$12.7 million in gambling turnover per race 6 times larger than its closest rival France at US$2 million while the United States only generated $250,000. Betting on horse racing is ingrained in local culture and is seen as an investment.[10]
During the 2014-2015 racing season the Hong Kong Jockey Club attracted about HK$138.8 million (US$17.86 million) per race more that any other track in the world. The revenue the club generate from various wagers makes it the largest taxpayer for the government.[11] Hong Kong Jockey Club broke its own record during the 2016-2017 season with a turnover of HK$216.5 billion and paid the government HK$21.7 billion in duty and profits tax, an all-time high.[12]
Australia[edit]
A government survey in 2015 found that nearly one million Australians (5.6% of Australian adults) gambled on dog or horse racing in Australia. Most were men aged between 30 and 64 who had a typical yearly expenditure of $1,300 on race betting. Nationally, typical annual race-betting expenditure amounted to roughly $1.27 billion.[13]
Horse race betting in New South Wales (NSW) is conducted by bookmakers (at race meetings and via telephone) and Tabcorp (tote betting at racecourses and through various retail outlets including the internet). In 2014 it was estimated that $300 million alone was bet on Australia’s most famous race - the Melbourne Cup.[14]
United Kingdom[edit]
Betting on horse racing in the UK is wide and varied. Unlike most other countries where the pari-mutuel system is in operation the UK’s version - the Tote - accounts for only a small percentage (in the region of 5%) of the total betting turnover. Between April 2017 and March 2018 off-course horse racing betting turnover in Great Britain amounted to £4.3 billion.[15] The majority of the money wagered on horse racing in the UK is with bookmakers, either in betting shops or online. In 2018 there were 8.5 thousand betting shops in Great Britain. This figure is expected to decrease significantly in 2019 when government restrictions on Fixed Odds Betting Terminals (FOBT’s) comes into force.[citation needed]
See also[edit]
References[edit]
- ^Paul M. Anderson; Ian S. Blackshaw; Robert C.R. Siekmann; Janwillem Soek (28 October 2011). Sports Betting: Law and Policy. Springer Science & Business Media. pp. 186–. ISBN978-90-6704-799-9.
- ^'A History of Horse Gambling'.
- ^NTRA Wagering Technology Working Group in conjunction with Giuliani Partners LLC (August 2003). 'Improving Security in the United States Pari-Mutuel Wagering System: Status Report and Recommendations'(PDF). National Thoroughbred Racing Association Web Site. National Thoroughbred Racing Association. Archived from the original(PDF) on 2008-02-28. Retrieved 2008-02-17.
- ^McKay, Brett & Kate (2012-05-03). 'How to Bet on Horse Races for Beginners'. The Art of Manliness. Retrieved 2018-03-07.
- ^Levith, Will (2013-04-03). 'Read This. Win So Much Money at the Racetrack'. Thrillist. Retrieved 2018-03-07.
- ^David-Lee Priest (October 2008). Against the Odds: A Comprehensive Guide to Betting on Horseracing. Raceform Limited. ISBN978-1-905153-94-7.
- ^Tony Warren (2009). Betting on Horse Racing: No Experience Necessary. AuthorHouse. ISBN978-1-4490-2800-8.
- ^'TIF Reports: Horse Racing and'Legal'sports Betting'. Racingthinktank.com. 2019-02-01. Retrieved 2019-03-30.
- ^'Record Kentucky derby numbers show why US sports betting needs to be online'. Legalsportsreport.com. 2019-03-21. Retrieved 2019-03-30.
- ^'Hong Kong's hardcore gamblers'. CNNMoney. Retrieved 2018-03-07.
- ^Balfour, Fredrick (2016-02-22). 'Hong Kong Horse Racing Is Serious Business'. Bloomberg.com. Retrieved 2018-03-07.
- ^Mok, Danny (2017-09-01). 'Hong Kong Jockey Club has record-breaking year'. South China Morning Post. Retrieved 2018-03-07.
- ^'Racing betting in Australia'. Australian Institute of Family Studies.Australian Gambling Research Centre 2001-10-31. 2019. Retrieved 2019-03-30.
- ^'Proof Australia is a nation of punters, with a record $26 billion spent on race and sports betting this year'. Dailytelegraph.com.au.NSW. 2014-10-25. Retrieved 2019-03-30.
- ^'Annual turnover of off course horse race betting in Great Britain from April 2008 to March 2018 (in million GBP)'. 2018. Retrieved 2019-03-06.