Ron Williams Racing : Horse Racing Tipster

Sports

Professional horse racing tips from Ron Williams Racing.

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Horse racing is an equestrian performance sport, typically involving two or more horses ridden by jockeys (or sometimes driven without riders) over a set distance, for competition. It is one of the most ancient of all sports, as its basic premise – to identify which of two or more horses is the fastest over a set course or distance – has been unchanged since at least classical antiquity. This sport is also very dangerous, with 700 to 800 horse deaths per year- an estimated amount of two breakdowns out of 1000.

Horse races vary widely in format and many countries have developed their own particular traditions around the sport. Variations include restricting races to particular breeds, running over obstacles (cross-country), running over different distances (typically a mile, mile and a quarter, mile and an 8th, mile and a 16th), running on different track surfaces and running in different gaits.

While horses are sometimes raced purely for sport, a major part of horse racing’s interest and economic importance is in the gambling associated with it, an activity that in 2008 generated a worldwide market worth around US$115 billion. Many people use a handicapper which is one who assigns weights for a handicap race and makes selections based on past performances.

Betting
At many horse races, there is a gambling station, where gamblers can stake money on a horse. Gambling on horses is prohibited at some tracks; Springdale Race Course, home of the nationally renowned Toronto-Dominion Bank (TD Bank) Carolina Cup and Colonial Cup Steeplechase in Camden, South Carolina, is known as one of the tracks where betting is illegal, due to a 1951 law. Where gambling is allowed, most tracks offer parimutuel betting where gamblers’ money is pooled and shared proportionally among the winners once a deduction is made from the pool. In some countries, such as the UK, Ireland, and Australia, an alternative and more popular facility is provided by bookmakers who effectively make a market in odds. This allows the gambler to ‘lock in’ odds on a horse at a particular time (known as ‘taking the price’ in the UK). Parimutuel gambling on races also provides not only purse money to participants but considerable tax revenue, with over $100 billion wagered annually in 53 countries.

– https://en.wikipedia.org/wiki/Horse_racing