Horse racing is one of the incredibly popular betting competitions established in the United Kingdom. As part of the process, you will be placing bets on the final placement of participating horses. This is one of the most exciting forms of sports betting which gets in popularity across the globe. If you want to learn more about the opportunity as well as to get some advice regarding future contests, then you should check our review.
Odds and Markets on Horse Racing
If you are new to the horse racing world, you should meet yourselves with the basic odds and markets. As part of the betting process, you will typically see fractional and decimal odds. For example, fractional odds will be 5/1, while decimal will be in the form of 5.00. The decimal odds are generally present in North America and Europe.
Speaking about available markets, horse racing comes with different possibilities. One of the most frequent types of wagers is betting on the outright or which horse will win the race. In addition to it, bettors can also predict where the horse will end the race, betting on consecutive winners, and more.
Betting on Horse racing 2017-2020 and Famous Contests
Before you step into the world of horse racing, make sure to learn more about famous contests that enjoy popularity worldwide.
First of all, we can speak about The Royal Ascot – one of the biggest competitions in the United Kingdom organized over five days. The first race starts on Tuesday, filled with elegance and expectations. Over the following days, you will see The Prince of Wales Stakes, the most successful jockey in history, Frankie Dettori, and much more. During the five days of competitive races, you will enjoy the industry’s cream de la cream. For more information about the race, just read about best real money casinos, and you will find more interesting things about the odds and event.
Regarding the recent state in the United Kingdom (based on information from April 2017 to March 2018), horse racing betting turnover in the country reached an incredible amount of £4.3 billion. Most of the wagers were placed through the bookmakers (both betting shops and online services are included). According to the official information for 2018, there were about 8500 betting shops in the country, which have decreased after the local government introduced restrictions on Fixed Odds Betting Terminals.
Grand National Betting and Cheltenham Betting
Another competition that enjoys huge popularity around the world is Grand National Betting. It all started in 1839 and takes place even today. It is organized at Aintree Racecourse, close to Liverpool. This is one of the longest races in the United Kingdom and one of the most followed internationally.
Cheltenham Festival is the real highlight of horse racing, where the finest horses take part in. The contest lasts four days, with spectacular races such as The Champion Hurdle on day one, The Queen Mother Champion Race on day two, The Stayers’ Hurdle on day three, and The Cheltenham Gold Cup on the last day of the event. Bettors looking to place the first wagers on these tremendous races should meet themselves with the participating jockeys, learn about odds, and get ready for the exclusive event.
Other Countries and International Horse Racing Competitions
Speaking closer about some of the most important horse races on the international level, we should mention Fairyhouse Grand National in Ireland and other national contests such as Galway, Leopardstown, and more. France is, on the other hand, known for Prix L Arc de Triomphe.
The number of races around the world and the current state of the industry is auspicious. Horse race betting in the United States of America recorded a total handle of $11.26 billion in 2018. The country is known for one of the biggest races – the Kentucky Derby, which is organized at Churchill Downs. Just during the 2019 race, there a total of $149.9 was wagered on the race.
The financial state of the horse racing industry has drastically changed since the outbreak of Covid-19. The entire sector has recorded significant losses over the previous months, and we can only expect better times to come.