Breeding, training, and racing bet horses have developed into a significant legal gambling industry in many developed countries. The time and money invested in breeding and training bet horses has also created a mushroom of cottage industries that eventually pays millions of dollars to certified studs.
The most popular form of horse racing in the world is thoroughbred racing. Harness racing and steeplechase racing is also popular in the eastern United States, New Zealand, and Australia. Purebred Arabian bet horses compete in endurance racing events.
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Common Betting Practices
Only a few spectator sports in the world garner enough interest for people to watch animals. The most popular of all “animal” sports is horse racing. Aside from the excitement of watching thoroughly bred and trained bet horses racing to the finish line, almost all fans in the sport are punters who always back a horse with the hope to strike big. The best bet horses are those considered to be a bank teller job whatever the racing conditions are.
Picking the bet horse out of a large lot can be difficult for the uninitiated. There are many approaches in picking a winning horse. The novice punter can look at the best bets from news media outlets, columnist, and experts and make the decision from there. More often than not, these experts are right. However, with many punters following the advice of analysts, it is hard to make a tidy sum if you go with the flow.
Punters can also take the advice of commission agents. These agents may advise punter to back a horse until their nose bleeds. These commission agents usually have some information that the regular punter does not know, so they trust the agent and back the agent’s pick. Experienced punters rarely fall trap to the advices of commission agents, opting instead to make their own pick.
Another great resource for heaps of information on horses, tracks, jockeys, and odds available on any given race is the form guide. Both new and experienced punters can gain insight by taking a look at this piece of betting literature as it offers nearly everything you need to know in order to place a smart bet. This is especially true when it comes to betting on larger events such as the Melbourne Cup. The Melbourne Cup form guide offers punters such information as past runs, days from last start, jockey and trainer information, wins over the distance, as well as odds on each competing horse.
The more aggressive punters are more interested in earning large sums than betting smartly. Most of these punter back bet horses based on ‘feeling’, or if they happen to know a novel information that can change the momentum of the race. Aggressive punters back a horse that is considered to be better than bank interest, or bolter horses that are low-risk and high-reward. Aggressive punters are also the kind of punters who want to be different from the field by recognizing what most punters are doing, then do the exact opposite. Aggressive punters back bet horses blow out of the gate in hopes of cashing in from the dramatic increase in odds.
Bet Horses in North America
Horse racing was established in the United States in 1665 as an extension of the sport in Britain. The first of the bet horses held races in the Salisbury Plains in Long Island, New York. Horse racing then became popular in the U.S. east coast with major horse racetracks in Saratoga, Baltimore, Louisville, and Belmont Park in Elmont. In 1936, the Keeneland Race Tracks in Lexington, Kentucky opened, paving the way for one of the biggest annual horse racing event in the world. The Meadowlands Racetrack also became a favourite of American bet horses and owners competing in the Meadowland Cup.
The greatest bet horses in the United States are honoured in the horse racing Hall of Fame in Saratoga Springs. New York. Here, you can find the best horse jockeys, stables, owners, trainers, and bet horses that has dominated their competition during their time.
Bet Horses in Australia and New Zealand
Although American bet horses are attract a lot of media coverage during the major tournaments, thoroughbred racing is even more popular in Australia and New Zealand.
Horse Racing is one of the top spectator sports and one of the most popular pastimes in Australia, with wagers approaching AUD$12.5 billion for the 2007-2008 season. Australian horse racing has become a giant industry in the gambling and gaming sector, gathering much interest from punters around the world. In fact, Thoroughbred horse racing is the third most attended spectator sport in Australia, behind Australian football and rugby. Australia has 330 racecourses in the world, the most in any other nation. The combined amount of prize money from these 330 racecourses is the third highest behind the United States and Japan. Many sports commentators view Australia as one of the three largest markets for horse racing in the world.
Famous Bet Horses
Australian bred horses are considered to be the best bet horses in the world. The greatest bet horse in Australian horse racing is Phar Lap. Other all-time greats include Crisp, Makybe Diva, Paleface Adios, and Cardigan Bay.
Phar Lap was foaled in New Zealand and raced from 1928 to 1932. Phar Lap won the Melbourne Cup in 1930 and went on to become one of the best bet horses in the world during his time. His impressive resume includes winning the Melbourne Cup, two Cox Plates, and 19 other weight for age races. Phar Lap also gained international success by winning in the Agua Caliente Handicap in Tijuana. Phar Lap the icon of all Australian bet horses before he died in 1932 with a mysterious illness.
The popularity of horse racing increased in Australia during the time of Makybe Diva. Foaled in 1999 in Great Britain, Makybe Diva became the first thoroughbred horse to win the Melbourne Cup three times (2003, 2004, and 2005). Her success in Melbourne Cup and other races made her the highest-stakes earner in Australian horse racing history, winning AUD$14,526,685 upon her retirement in 2005. Maybe Diva’s success in Melbourne cup was definitely one for the books. To put her success in perspective, only five horses won the Melbourne Cup more than once in its 145 year history. In addition, Makybe Diva is the only mare in who have won the cup multiple times, and only one of eleven mares that have won the title in Melbourne Cup history.
In 2001, the inaugural Australian Racing Hall of Fame named five bet horses in the first list of all-time greats. The inaugural list includes Phar Lap, Tulloch, Kingston Town, Carbine, and Bernborough. Makybe Diva was listed into the hall of fame in 2006. The most recent hall of famers among bet horses are Tranquil Star (2008) and Wenona Girl (2008).
Benefits of Gambling
Despite the longstanding taboos and negative impressions on gambling, it has always been an acceptable and regular part of society. Legal gambling takes many forms that it has become a regular activity in relation to other human hobbies and activities.
You can always find different forms of gambling everywhere. You can watch live lottery draws on television or play lotto scratch cards in your supermarket. World poker tournaments have been gaining television viewers and the greatest poker players are now considered as icons in the same breadth as other sports icons today.
There is gambling in horse and dog races, rural fairs and amusement parks, and team sports such as basketball, football, and hockey. Wherever we go, gambling is everywhere. Surely with all these things happening around us, we can find the benefits of gambling and appreciate its contributions to our society.
We all know the negative side of gambling. Compulsive gambling or gambling addiction can cause great financial ruin for those who have to bear it. However, we should understand that every hobby will always have its bad side if it is not moderated, and gambling is just one of these activities. On the other hand, the positive benefits of gambling clearly outweigh its negative effects. If you gamble in moderation, you can personally gain from the recreational and health benefits of gambling.
Health Benefits of Gambling
Studies have shown the different health benefits of gambling especially for seniors. In a study by Yale University, older recreational gamblers appear healthier than non-gamblers.
According to the study using telephone interviews, recreational gamblers report that they are in better health condition than non-gamblers. Recreational gamblers are also less prone to alcoholism and depression than those who do not gamble. This study proved that there is no relation between recreational gambling and other destructive vices. Thus, one of the benefits of gambling is it gives seniors another activity to help them achieve healthy aging by giving them an outlet to engage in friendly and social activities.
Gambling can also help people relieve pain. With gambling, you can focus and come to a state of consciousness that will immerse you to the game and forget any lingering physical pain. Gambling can be more effective than prescription pain relievers for some people.
Another health benefit of gambling is it induces increased mental activity to help people stave off the effects of mental degenerative diseases. With gambling, your brain is exercised regularly with all the decisions that you have to make during the game. With every bet, you must analyse the risks involved in betting in order to have the largest return possible. Gambling against other players also forces you to adapt to the playing style of other players, presenting a new mental challenge that will help exercise your brain. Increased mental activity will always keep your brain in top shape.
Economic Benefits of Gambling
The gambling industry has long been a tool for governments to stimulate the economy and promote tourism in their region.
A prime example of the economic benefits of gambling is Las Vegas. Before Las Vegas became a resort city for gambling, fine dining and entertainment, Las Vegas was just a small railroad town inhabited and abandoned by the Mormons in 1857. Development in the city was slow until gambling was legalized in 1931. After massive development projects funded by the American mob in the 1940’s and 1950’s, Las Vegas quickly became one of the largest cities in the United States and became an icon for gambling activities in the world. From a population of 25 people in 1900, Las Vegas now has a population of 558,880 (2007 EST.).
Other cities who are enjoying the economic benefits of gambling are Atlantic City, Amsterdam, and Macau. Almost all countries have special economic zones for gambling activities to bring in much needed private investments and revenues. These cities also feature gambling as one of the main activities offered to foreign tourists.
The economic value of the gambling industry and its ability to transform the economic status of a city forced local and national governments to consider many forms of legalized gambling. The construction and operation of casinos can lead to new job opportunities and employment for the local population. The development of casino strips encourages new businesses such as hotels, restaurants, theatres, and other forms of entertainment. Sixty-percent of Las Vegas’ population are employed in the gambling sector.
Benefits of Gambling To Charitable Organizations
Gambling has been used by state-run and private charity organization to raise money for different causes. Even small towns use community lottery and bingo events to raise funds for a worthy cause. When gambling is used to raise money for worthy causes, the society always stands to benefit.
City ordinances around the world require officially-sanctioned lotteries to contribute most of their earnings to charitable causes. Many lotteries and sweepstakes organizations offer scholarships and health assistance to the needy. Other gambling organizations take an active part in the building of communities by contributing to housing activities, building parks, and organizing activities that benefit society such as cleanup drives and outreach seminars.
Lotteries in Australia and New Zealand have taken an active part to raise community awareness and funding for charitable causes. The RSL Union Art Lottery is a lotto organization that benefits the local veteran community. In addition to giving away property like luxury houses and cars for their regular lotto prizes, they also helped raised tens of millions of dollars to develop and maintain nursing and retirement homes, hospitals, and community centres.
The Mater Prize Home Lottery is another property sweepstakes event that funds for the Mater Mother’s and Mater Children’s Hospitals. This lottery has helped people who need health care and financial assistance, especially helping sick children recover and go on to live normal and healthy lives.
Another lottery in Australia that serves charity causes includes Surf Life Saving Lottery. This lottery recognizes the courage of Australia’s lifeguards and sea rescuers to guard the Australian coastline and make beaches safe.