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Over the centuries, the allure of horse racing has always captured the interest of a great number of the populace. All through historical accounts from Norse Mythology down to the Circus Maximus in Rome and finally to today’s modern-day racetracks, horse racing enthusiasts have felt the exhilaration and excitement of watching live horse races enough to keep them coming back for more. No doubt about it, wherever you are in the world, you cannot find anything that’s more entertaining than horse racing. Part of the fun is the wagering involved in most horse races today. However, even if you do not bet, live horse racing can be exciting.

The earliest race horses were held in Greece. In these races, mounted horses and chariots often participated. When the Roman Empire fell, horse breeding and horse racing in the West likewise died with it. It was not until the time King Henry I of England imported an Arabian stallion to breed, train, and race, when the sport of horse racing came back to life. Soon, the first racetrack in existence after the fall of Rome – the Smithfield Track, was constructed in London to hold purebred mount horse races. Horse racing is also a popular feature in most English fairs. It is because of the royalty’s support of the sport of horse racing that it was dubbed the “Sport of Kings.”

In the United States, the first racetrack was built in Long Island, New York. The Newmarket, as this racetrack was named, was the site of the earliest horse races in the Northern American region. More and more purebred British mares and stallions were sought after by Americans for breeding and training horseracing steeds. The horse racing enthusiasts soon organized themselves and formed clubs to standardize horse breeding, training, and racing practices. Huge amounts of money were poured into the sport. Patrons have likewise made money out of the sport through betting. The American Jockey Club was formed late in the 19th century in order to standardize the ethics in horse racing. The Club eventually took charge of the American Stud Book containing the governing procedures of horse racing all over the United States. The Thoroughbred Racing Associations of the United States in Chicago was later on established.

There is nothing more entertaining for horse racing enthusiasts than watching live horse races. Being one with other fellow horse racing fans standing along the racetracks’ sidelines to feel the horses rush by is a feeling that cannot be equaled. Add betting successfully and you have something that is even more enjoyable. Before you start placing your bets, you have to understand the sport of horseracing first so that you can plan your bets properly.

The types of races that you can bet on vary. Depending on the amount of money you want to gamble and the kind of odds you want to take on, you can choose to bet in any one of them. There are also differing horse race gambling rules depending on where you are located. Wagering in horse races involves pari-mutuel betting. This kind of betting pools together all the bets placed on a race, deducts the amount of taxes and racetrack expenses, and then divides the money among the winners. Parimutuel betting is believed to have been the reason why thoroughbred horse racing has become really popular. In the United States, horse racing enthusiasts get all fired up in betting in the Triple Crown races composed of the three top horse races – the Kentucky Derby, the Belmont Stakes, and the Preakness.

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