What Are the Odds of Making a Profit With Horse Racing?
From famous trumpeting sounds, weird names, together with talent, horse racing has it all. Horse racing is one of the oldest sports that people have been participating in for years. This modern era of racing is generally considered to have started in the early eighteen hundreds with the British Triple Crown. One hundred years after the start of the British Triple Crown, the American Triple was created. The Crown is a big deal, to win it, a horse has to come in first in three major events, the Kentucky Derby, Preakness Stakes, along the Belmont Stakes. They all happen a few weeks apart in spring, and winning the Triple is not easy to do.
Only thirteen horses have won it since it was started one hundred years ago. The Derby is the opening, it takes place at Churchill Downs in Louisville, Kentucky, on the first Saturday in May. Kentucky is a scene because over one hundred and fifty thousand people go every year. Even an official drink called a Manjula primarily consists of bourbon, sugar, water, crushed or shaved ice, including fresh mint. Up to twenty horses take part in this one and a quarter-mile race that only lasts about two minutes. The second big event takes place a couple of weeks after the Derby at Pimlico Racecourse in Baltimore, Maryland.
If a horse won Kentucky and Preakness, it has got one more race to win, this is the Belmont Stakes on Long Island. Belmont is the oldest of these three events, including being the longest at one and a half miles. Twenty-three horses have failed to win the Belmont after winning these two earlier events. To qualify for the Derby, horses earn points by running in certain preparation races leading up to it, where the top point earners get a spot. A horse’s parents are a big deal because horses that win big races like any of the big events are often used for breeding the next round of racehorses.
Justify, the 2018 Crown winner’s stud fee was set at one hundred and fifty thousand dollars for 2019. If an owner wants their mare to have children with him, they have to pay his owners a hundred and fifty thousand dollars. This breeding ground is controlled in every regard to make sure that they have the best results. A horse is born, and speed training begins when this horse is two years old. Triple Crown races are run by horses that are three years old, so they’ve got just a year or so to get them into shape. And then there are jockeys, people that ride these horses in the races. Races have restrictions on how much weight a horse can carry during a race.
In the first race, a horse usually carries a hundred and twenty-six pounds. This weight includes the weight of a saddle and the person riding it. Horse racing is super expensive, it is known as the sport of kings. Buying a horse can cost millions of dollars, and it all just adds up from there. The equipment is expensive, it is not just saddles or reigns. However, a huge amount of money can be made on betting or participating in horse racing.
Just under a hundred and fifty million dollars was bet on the Kentucky Derby in 2018. To play the ponies, there are three big terms you need to know. The win means that the horse you pick has to come in first for you to win. “Place” means it has to come in first or second, and “show” means it has to come in before all the other horses, second or third. Then there are exotics like exacta, trifecta, superfecta, where you pick the starting two, three, and four horses in their correct order.
You can decide to box any of those, which means that the horses you pick can place in any order for you to win. To find out what horses to choose, the New York Racing Association suggests looking at the whole past performance of the specific horse, including who its jockey and trainer are. You might also look at the odds of these races, which is dictated by how much money has been placed on those horses already, but if you don’t want to do that, you can always pick the craziest name on the sheet. No two horses can have the same name simultaneously, so owners have to get creative. Names are usually some combo of its parents, but an owner can pull it from anywhere. The racing industry’s main registry has to approve it.