Betting on horse races is as old as the sport itself in the United Kingdom as well as the rest of the world. Betting sites are common places to visit in most towns whenever a significant number of people has disposable cash in their pocket.
As early as 1938, £500,000,000 was being gambled on horse racing in England even though, betting shops were not legalized until 1960. At which time, betting was either on racing course, via on-site betting offices, or illegally conducted in public houses around the cities. After being legalized, betting is taxed under the authority of various acts of Parliament which is used to fund for race prize money and the improvement of horse racing.
These days, horse racing has become more and more popular as a type of sport betting but also as a form of entertainment. Say, if you want to go to a pro basketball or football game with your family, you must pay around USD 400 for tickets and snacks while admission to a racetrack is often free. You get to watch beautiful horses performing at their peak ability on track and if you want a little more fun and get some money out of betting on a horse, it might course you just USD 2.
In addition to that, the best thing of horse racing betting is that the odds are based on the public bets which provides opportunities to find odds that underestimate a horse’s actual chances of winning a race. Therefore, if your bet of a race differs from the bet of the crowd at the track, you can make some big money.
Are you interested? If you do, check out our next week articles on “The best tips for beginners to start betting on horse”.