As most people know, horse racing is a contest of speed between two or more horses. To most people it would seem that horse-racing was the purest sport imaginable. With tracks monitored by overlapping cameras and gates controlled by computers, it seems like the honest man's game. .
Horse-racing is a 15 billion dollar a year industry and the 2nd most widely attended spectator sport after baseball. It started around 4500 bc in central Asia and for thousands of years was the sport of kings and nobility. The main reason horse-racing is still around today is for the legalized gambling. Horse-racing is a major professional sport in Canada, Great Britain, Ireland, Western Europe, Australia, New Zealand, South America, and the U.S. The most popular form of racing is thoroughbred racing. But other forms of racing are harness racing, steeple chase racing, and quarter horse racing.
The legalized gambling is the main reason for horse racings long life. All the betting done in American tracks is under the "Pari-mutuel wagering system". Under this system, 14 to 25% of the amount wagered is taken out for track operating expenses, racing purses, and state and local taxes. The remaining sum is divided by the number of individual wagers to determine the payoff or return on your bet. The odds of the next race are automatically calculated by the tracks computers and displayed to the betters on screens during the betting period. The odds are updated automatically every minute. If the odds of a certain horse winning are 2:1, you"ll get 2 dollars for every one that you wager. Say, for instance, that you bet $100 for a certain horse to win, you will receive $200 back. You can bet for a horse to win, place, or show. If you bet for the horse to win it has to get 1st, for it to place that would be 1st or 2nd. And to show is 1st, 2nd, or 3rd. Other ways that a person could bet are exactas, daily doubles, quenelles, and the pick six.
Horseracing is a sport full of emotions. There are a diverse number of individuals participating in these spectacles. Some of them are placing bets on their choice of a horse; others just there for the mere joy of sport, but most have their hearts on one particular horse to be their winner. These...
There is no reason for animal cruelty. It happens all over the world. Dog fighting, neglect, and horse racing have been a problem for many years. Most of the time it goes unnoticed.Dog fighting happens in many states. Yet illegal, that doesn't stop people from harming dogs. Dog fighting is usua...
In fact, although there is legal betting avenue for horseracing, illegal gambling still exists. According to a conservative estimation of the HK Jockey Club, in the past racing season, the money involved in illegal betting within the territory as well as offshore betting is as high as HK$80 billion, which is similar to the amount placed in horseracing. ...
William H. Beezley recalls Mexico's historic past during the dictatorship of Porfirio Diaz, from 1876 to 1911, with the Easter-time Judas burnings that become a primary focus of the strife during these years, the technology, as well as a large number of sports events one for example is horse racing...
The stereotypical ideas that come to mind when a person thinks of a billionaire are typically expressed with such words as extravagance, luxuriousness, and flamboyancy. Although these thoughts are viewed as the "norm" and are almost expected from people of the upper crust, the worlds second richest...
THE COMPARISON AND CONTRAST OF "THE DESTRUCTORS" AND THE ROCKING-HORSE WINNER There are many similarities and difference between the two stories, "The Destructors" and "The Rocking-Horse Winner", written by Graham Greene and D.H. Lawrence, respectively. In analyzing the two stories, the fo...
THE ROCKING-HORSE WINNER Every human being desires to rise in life or society; it's how we get there that determine our consequences, Greed has no boundaries with social inequality, however the innocent pay the maximum price. Once goals are accomplished, who's to say if the craving is ...
What is the American way? As in all things wholly American these days, it is all a matter of who is to blame and who is to be cheered, with a dab of selective memory when it comes to history. America is a country of people who have made a culture out of being a victim. Therefore, cheering for the un...
The essay, written by Richard Hofstadter, attempts to summarize the Progressive Movement starting in the late 1890's and going full fledge into the twentieth century. Initially, the progressive attitude expounded on the traditional populist way of thought, usually very rural and very territorial an...
