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Monday, 19 September 2011

Horse racing


Horse racing at Arlington Park, 2007
Steeplechase racing at Deauville
Harness Racing in Adelaide
Horse racing is an equestrian sport that has a long history. Archaeological records indicate that horse racing occurred in ancient Babylon, Syria, and Egypt.[1] Both chariot and mounted horse racing were events in the ancient Greek Olympics by 648 BC.[2] In the Roman Empire, chariot and mounted horse racing were major industries.[3] Thoroughbred racing was popular with the aristocrats and royalty of British society, earning it the title "Sport of Kings."[4]
The style of racing, the distances and the type of events vary significantly by the country in which the race is occurring, and many countries offer different types of horse races. There are three major types of racing: flat racing, steeplechasing (racing over jumps), and harness racing, where horses trot or pace while pulling a driver in a sulky.[5] A major part of horse racing's economic importance lies in the gambling associated with it,[6] an activity that in 2008 generated a world-wide market worth around US$115 billion.[7]
Various types of racing have given rise to horse breeds that excel in the specific disciplines of each sport. Breeds that may be used for flat racing include the Thoroughbred, Quarter Horse, Arabian, Paint, and Appaloosa.[8] Steeplechasing breeds include the Thoroughbred and AQPS. Harness racing is dominated by Standardbred horses in Australia, New Zealand and North America, but several other breeds, such as the Russian Trotter and Finnhorse, are seen in Europe.

History

Historically, equestrians honed their skills through games and races. Equestrian sports provided entertainment for crowds and honed the excellent horsemanship that was needed in battle. Horse racing of all types evolved from impromptu competitions between riders or drivers. All forms of competition, requiring demanding and specialized skills from both horse and rider, resulted in the systematic development of specialized breeds and equipment for each sport.[9]
Chariot racing was one of the most popular ancient Greek, Roman and Byzantine sports. Chariot racing was often dangerous to both driver and horse as they frequently suffered serious injury and even death, but generated strong spectator enthusiasm. In the ancient Olympic Games, as well as the other Panhellenic Games, the sport was one of the most important equestrian events. Horse racing was also a part of myth and legend, such as the contest between the steeds of the god Odin and the giant Hrungnir in Norse mythology.
The popularity of equestrian sports through the centuries has resulted in the preservation of skills that would otherwise have disappeared after horses stopped being used in combat.[9]

Thoroughbred

There are three founding sires that almost all Thoroughbreds can trace back to: the Darley Arabian, the Godolphin, and the Byerly Turk, named after their respective owners, Thomas Darley, Lord Godolphin, and Captain Robert Byerly.[10] All were taken to England where they were mated with racing mares. Thoroughbreds range in height, and are measured in hands (a hand being four inches). Some are as small as 15 hands while others are over 17 hands. Thoroughbreds can travel medium distances at fast paces, requiring a balance between speed and endurance.

Thoroughbred racing

Flat racing is the most common form of Thoroughbred racing. The track is typically oval in shape and the race is based on speed and stamina. Within the general category of Thoroughbred flat racing, there exist two separate types of races. These include conditions races and handicap races. Condition races are the most prestigious and offer the biggest purses. Handicap races assign each horse a different amount of weight to carry based on their ability.[11] Beside the weight they carry, the horse is also influenced by its closeness to the inside barrier, the track surface, its gender, the jockey, and the trainer. A typical Thoroughbred race is run on dirt, synthetic or turf surfaces. Viscoride and Polytrack are synthetic substitutes. Thoroughbred races vary in distance, but are usually somewhere between five and twelve furlongs. A furlong is a distance measurement equal to one eighth of a mile, 220 yards[12] or 201.168 metres.

Training

The conditioning program for the different horses varies depending on the race length. Genetics, training, age, and skeletal soundness are all factors that contribute to a horse’s performance.[13] The muscle structure and fiber type of horses depends on the breed, therefore genetics must be considered when constructing a conditioning plan. A horse’s fitness plan must be coordinated properly in order to prevent injury or unnecessary lameness. If these were to occur, they may negatively affect a horse’s willingness to learn.[13] Sprinting exercises are appropriate for training two-year-old racehorses, but they are mentally incapable of handling too many of them.[13] A horse’s skeletal system adapts to the exercise they are receiving. Because the skeletal system does not reach full maturity until the horse is at least four years of age, young racehorses often suffer multiple injuries

North America

History

Race at Churchill Downs
Horse racing in the United States and on the North American continent dates back to 1665, which saw the establishment of the Newmarket course on the Salisbury Plains section of what is now known as the Hempstead Plains of Long Island, New York. This first racing meet in North America was supervised by New York's colonial governor, Richard Nicolls. The area is now occupied by the present Nassau County, New York, region of Greater Westbury and East Garden City. The South Westbury section is also (appropriately) known as Salisbury.

Thoroughbred racing in the United States

In 1665, the first racetrack was constructed on Long Island. It is the oldest thoroughbred race in North America. The American Stud Book was started in 1868, prompting the beginning of organized horse racing in the United States. There were 314 tracks operating in the United States by 1890; and in 1894, the American Jockey Club was formed.[15] The anti-gambling sentiment prevalent in the early 20th century led almost all states to ban bookmaking. Bookmaking is the process of taking bets, calculating odds, and paying out winnings. This nearly eliminated horse racing altogether. When parimutuel betting was introduced in 1908, the racing industry turned around.[16] Horse racing flourished until World War II. The sport did not regain popularity in the United States until horses began to win the Triple Crown. The Triple Crown is a series of three races, consisting of the Kentucky Derby, the Preakness stakes, and the Belmont Stakes.[15]

Endurance racing

Endurance racing began in California around 1955, and the first race marked the beginning of the Tevis Cup[17] This race was a one-hundred-mile, one-day-long ride starting in Squaw Valley, Placer County, and ending in Auburn. Founded in 1972, the American Endurance Ride Conference was the first national endurance riding associatio

Betting

Betting on the Favorite, an 1870 engraving
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; the nationally renowned Colonial Cup Steeplechase in Camden, South Carolina, is known as one of the races 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 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.[51]

Types of bets

In North American racing, the three most common ways to bet money are to win, to place, and to show. A bet to win, sometimes called a "straight" bet, means that you stake money on the horse, and if it comes in first place, the bet is a winner. In a bet to place, you are betting on your horse to finish either first, second, and/or third, depending on how many horses are in the race; for example, in a race with 5 horses a place bet would only be for first and second place, but in a race with 10 horses you bet on your horse to finish first, second, or third. A bet to show wins if the horse finishes first, second or third. Since it is much easier to select a horse to finish first, second or third than it is to select a horse just for first, the show payoffs will be much lower on average than win payoffs.
In Europe, Australia and Asia, betting to place is different since the number of "payout places" varies depending on the size of the field that takes part in the race. For example, in a race with seven or less runners in the UK, only the first two finishers would be considered winning bets with most bookmakers. Three places are paid for eight or more runners, whilst a handicap race with 16 runners or more will see the first four places being classed as "placed". (A show bet does not exist in the North American sense.)
The term "Each-Way" bet is used everywhere but North America, and has a different meaning depending on the location. An each-way (or E/W) bet sees the total bet being split in two, with half being placed on the win, and half on the place. Bettors receive a payout if the horse either wins, and/or is placed based on the place criteria as stated above. The full odds are paid if the horse wins, (plus the place portion), with a quarter or a fifth of the odds (depending on the race-type and the number of runners) if only the place section of the bet is successful. In the UK some bookmakers will pay for the first five (some independent firms have even paid the first six) for a place on the Grand National. This additional concession is offered because of the large number of runners in the race (maximum 40). Occasionally other handicap races with large fields (numbers of runners) receive the same treatment from various bookmakers, especially if they are sponsoring the race. The rough equivalent in North America is an "across the board" bet, where equal bets on a horse are set to win, place and show. Each portion is treated by the totalizator as a separate bet, so an across-the-board bet is merely a convenience for bettors and parimutuel clerks. For instance, if a $2 across-the-board bet (total outlay of $6) were staked on a horse which finished second, paying $4.20 to place and $3.00 to show, the bettor would receive $7.20 on what is essentially a $6 wager

Asia

Hong Kong

Happy Valley Racecourse in Hong Kong at night
The British tradition of horse racing left its mark as one of the most important entertainment and gambling institutions in Hong Kong. Established as the Royal Hong Kong Jockey Club in 1884, the non-profit organisation conducts nearly 700 races every season at the two race tracks in Happy Valley and Sha Tin. The sport annually draws millions of dollars of tax revenue. Off-track betting is available from overseas bookmakers.

Malaysia

In Malaysia, horse racing was introduced during the British colonial era and remained until today as gaming activities. There are three race courses in Malaysia, namely Penang Turf Club[1], Perak Turf Club and Selangor Turf Club [2]. Horse racing is a legal form of gambling within the Turf Club and betting is only available in the turf club. Racing in Malaysia and Singapore is conducted and governed under the Rules of the Malayan Racing Association[3]. Horse racing gambling in Malaysia is operated and organized by Pan Malaysian Pools Sdn Bhd[4]

Singapore

Horse racing was introduced to Singapore by the British during the colonial era and remained one of the legal forms of gambling after independence. It remains a highly popular form of entertainment with the local Singaporean community till this date. Races are typically held on Friday evenings and Sundays at the Singapore Turf Club in Kranji. Horse racing has also left its mark in the naming of roads in Singapore such as Race Course Road in Little India where horse racing was first held in Singapore and Turf Club Road in Bukit Timah where Singapore Turf Club used to be before moving to its current location in 1999.

India

In India, four Turf Authorities conduct horse racing. The Mahalaxmi Racecourse in Mumbai conducts horse racing from November to April.

Japan

Nakayama Racecourse in Funabashi, Japan
Japan conducts more than 21,000 horse races a year in one of three types: flat racing, jump racing (races over hurdles), and Ban'ei Racing (also called Draft Racing).
There are a total of thirty racetracks in Japan. Ten of these tracks are known as "central tracks", where most of Japan's top races are conducted. Races at these ten tracks are conducted by the Japan Racing Association (JRA), which operates under the oversight of the Japanese government. The remaining twenty tracks are operated by municipal racing authorities and run under the affiliation of the National Association of Racing (NAR). Two tracks, Sapporo Racecourse and Chukyo Racecourse, run separate meetings under either JRA or NAR jurisdiction.
The JRA purse structure is one of the richest in the world. As of 2010, a typical JRA maiden race for three year olds carries a purse of ¥9.55 million (about US$112,000), with ¥5 million (about US$59,000) paid to the winner. Purses for graded stakes races begin at ¥74.6 million (about US$882,000).
Japan's top stakes races are run in the spring and autumn. The country's most prominent race is the Grade 1 Japan Cup, a 2,400 m (about 1½ mile) invitational grass race run every November at Tokyo Racecourse for a purse of ¥476 million (about US$5.6 million), currently the richest turf race in the world. Other noted stakes races include the February Stakes, Takamatsunomiya Kinen, Yasuda Kinen, Takarazuka Kinen, Arima Kinen, and the Tenno Sho races run in the spring and fall. The Satsuki Sho, Tokyo Yushun, and Kikuka Sho comprise the Japanese Triple Crown of Thoroughbred Racing.

Oceania

Australia

Tambo Valley Picnic Races, Victoria, Australia 2006
Horse racing in Australia was founded during the early years of settlement and the industry has grown to be among the top three leading Thoroughbred racing nations of the world.[26] The world famous Melbourne Cup, the so-called race that stops a nation, has recently attracted many international entries. In country racing, records indicate that Goulburn commenced racing in 1834.[27] Australia's first country racing club was established at Wallabadah in 1852 and the Wallabadah Cup is still held on New Year's Day (the current racecourse was built in 1898).[28]
In Australia, the most famous racehorse was Phar Lap (bred in New Zealand), who raced from 1928 to 1932. Phar Lap carried 9st 12 lb (62.5 kg) to win the 1930 Melbourne Cup. Australian steeplechaser Crisp is remembered for his battle with Irish champion Red Rum in the 1973 Grand National. In 2003–2005 the mare Makybe Diva (bred in the United Kingdom) became the only racehorse to ever win the Melbourne Cup three times, let alone in consecutive years. In harness racing, Cane Smoke had 120 wins, including 34 in a single season, Paleface Adios became a household name during the 1970s, while Cardigan Bay, a pacing horse from New Zealand, enjoyed great success at the highest levels of American harness racing in the 1960s. More recently, Blacks A Fake has won four Inter Dominion Championships, making him the only horse to complete this feat in Australasia's premier harness race.[29]
Competitive endurance riding commenced in Australia in 1966, when the Tom Quilty Gold Cup was first held in the Hawkesbury district, near Sydney, New South Wales. The Quilty Cup is considered the National endurance ride and there are now over 100 endurance events contested across Australia, ranging in distances from 80 km to 400 km.[30] The world's longest endurance ride is the Shahzada 400 km Memorial Test which is conducted over five days travelling 80 kilometres a day at St Albans on the Hawkesbury River, New South Wales. In all endurance events there are rigorous vet checks, conducted before, during and after the competition, in which the horses’ welfare is of the utmost concern.

South Korea

Horse racing in South Korea traces back to May 1898, when a foreign language institute run by the government included a donkey race in its athletic rally. However, this type of racing was sponsored for entertainment purposes only. No betting was conducted. It was in 1920s that "Modern Horse Racing" involving a betting system made its debut. In 1922, the Chosun Racing Club, the nation's first-ever authorized horse racing club, was established to make horse racing more systematic and better organized. In 1923, the pari-mutuel betting system was officially adopted for the first time in Korea. The Sinseol-dong racecourse opened in 1928 and incorporated racing clubs were allowed to have their own racecourses.
Finally in 1933 a Japanese decree on horse racing was promulgated. Under the decree, only incorporated racing clubs were entitled to conduct horse racing. The Chosun Horse Racing Authority was also established in 1933 to coordinate and control incorporated racing clubs across the nation and ensure consistency in their administration. A racetrack named after the one in Florida, Hialeah, was established by the Japanese in Busan. The location was later used as a U.S. military base, Camp Hialeah, but retained the oval shape of a racetrack. It has since been returned to the Republic of Korea.
In 1945, the Chosun Horse Affairs Authority was renamed to the Korea Racing Authority, and efforts were made to restore the national identity in horse racing. However, the Korean War which broke in 1950 resulted in great turmoil for Korean society, thus undermining the development of horse racing. Worse yet, during the three-year war, racecourses were requisitioned for military training and horse racing came to an abrupt halt.
To keep the tradition of horse racing alive, the Korea Racing Authority worked out a plan to reestablish the racecourse at Ttuksom in Seoul. The construction, which began during the war, was completed in May 1954. With its dedication, horse racing resumed, and the newly constructed Ttksom racecourse served as the hub of Korean horse racing until it was relocated to the modern racecourse in Gwacheon in 1989.
Pari-mutuel bets were tallied manually until 1984. The inefficient management of pari-mutuel betting system was a major stumbling block to broadening the fan base. To overcome this fundamental obstacle, the computerized pari-mutuel betting system was established in 1984, and at the same time, horse racing came to be televised in color, both on-&off-course. These two measures have played a decisive role in boosting attendance and turnover. For instance, in 1984, turnover and attendance increased at 67% and 58%, respectively, from the previous year.