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When it comes to horse race betting, beating the bookies, beating the odds, and beating the casinos is the dream. How can you place the right bet, at the right horse, at the right race? Many professional gamblers claim to have found systems that work, systems brimmed to the full with probability and permutations, designed to help you, supposedly, place the right exotic or single bet and beat the bookies and the odds and win.

Today, it is very easy to follow the races and bet on the horses, and you don’t even need to leave your home. You simply place your bet and follow the race online, and collect your winnings or mourn your losses in the same way. There are also the web sites like https://www.gaminatorbonus.net/, where you can get hefty bonus codes and promotional benefits, making the experience of horse betting even more fun.

The difference between a gambler and a horse race enthusiasts

But there is a difference between a gambler and a horse racing enthusiast. When it comes to horse racing, learning everything about the horses is a must for anyone who wants to place bets on horse races. The gambler only cares for the thrill of the bet, and for many gambling addicts, betting on horse races was a gateway towards many other forms of gambling that provide a quicker and bigger thrill without the extra work. For horse race enthusiasts, placing a bet is the tip of the iceberg, while the real excitement lies in learning the horses and everything about them, which, as a process, needs to come before betting if the bet is to bring forth a win.

Why other gamblers’ systems do not work

Horse race betting systems have been developed by a lot of self-professed professional gamblers. This is not disputable, for them, their systems work, and there are many stories circling out there of professional punters who are making a living directly by betting on horses. But they are the exception – many people lose the bets they make on horse races, even when they use said systems. This is because they expect another person to do all the work for them, but also because the system might be flawed and not take in crucial information, like the day’s handicapping tips, for example. So one should not rely on betting systems for the perfect bet.

Learning: Begin with the horses

It is imperative to learn everything about the horses before you continue with a bet. Learn the terminology and how to differ between a horse, a geld, a juvenile, a maiden, and others. If you’re partial to a horse, try attending a horse race to see it perform. Even if you’re partial to online betting versus going to the racetracks, a trip to a horse race can be a lot of fun and quite informational, and you can meet a lot of people who will have actual information on the horses as a bonus. Do not delve into the fray without prior information, because chances are, none of your bets will beat the bookies and bring forth a win for you.

Learning: Different types of bets

Straight bets are easy to comprehend, as there are only three of them: win, place or show, where you bet that the horse will end first, second or third. There is also the combination bet of the three, commonly referred to as across the board, which in turn costs a bit more, but it gives you more chances of winning, as you win as long as the horse finishes first, second or third. There are also exotic bets, which range from exacta and trifecta, and superfecta, where you bet on three to four different horses to win first, second, third and fourth. These are the types of bets which can bring you a considerable win, if you do your research and analysis on the horses and bet on the right selection of horses.

Another type of bet is laying a horse. When you lay a horse, you are basically betting that the horse will lose the race, and not finish first, second or third. As a type of bet, it is highly popular, as there is a high chance of winning, but know that there will be a lot of other people placing a lay bet, so your winnings might not end up being so grand.

Importance of the paddock

The paddock is the place where the horses are stationed before the race. If you attend a horse race and plan on placing a bet, going to the paddock will give you an opportunity to see whether the horse is ready for a run. In that situation, you should look for signs of fatigue, or whether the horse is sweating profusely, or acting in strange manners, and determine whether you should place a bet on that horse or not. This is not something that you can do if you place your bets from home, although there are other means of determining a horse’s possible prowess in the upcoming race. One of them is to watch previous races, read highlights and compare results. In addition, you should always take into consideration the condition of the tracks, whether they are dry and fast, or muddy due to recent rain, as it has great impact on the race and the horses.

Learning: Different types of races

There are different types of races, and horses perform differently in each. If you do not have enough knowledge about them, you might place the right bet, at the right horse, on the wrong type of race, and still lose your bet. So, learn the difference between a derby and a handicapped race. For instance, a derby is a race of three-year-old horses, while a handicapped race is where the horses are assigned weights – handicaps – to carry as they run. In addition, there are sprint races, maiden races, route races and others, and all have different conditions, rules, and participants. Then, there is the stakes race, which is a high level race of famous horses of high quality.

In conclusion, if you wish to place bets on horse races that are smart and have a high chance of winning, you should learn everything about horses and horse races beforehand. Otherwise, you will only win if you place a lucky bet, and lucky wins do not mean beating the bookies and the casinos. It only means you’ve gotten lucky once, and it will probably not happen again.

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Europe is the home of some of the most famous football teams, and the UK and Germany have a long history with horse races and other sports, so it doesn’t come as a surprise that sports betting is one of the most popular form of gambling and entertainment in Europe. This is partly due to the fact that almost every country in Europe has regulations and laws for both online and offline betting, thus providing a safe environment for sports betters. In fact, member countries of the EU amount for almost 45% of the world’s total wagering amount. In addition, the world’s online betting industry is worth $33 billion, and European gamblers have wagered almost $15 billion of the total amount, and as such, the European market is the biggest regulated market in the whole world.

Below, we have taken a look at sports betting in several European countries, as well as in the UK, where sports betting is one of the most common form of entertainment and gambling.

1. United Kingdom

Sports betting in the UK has a very long history, and for the longest part of it, sports betting had been rigidly controlled and only quite recently have these regulations been relaxed.

The UK is the home of some of the biggest online bookmakers today. It is said that a bookmaker store can be found on almost every street corner in the UK, while online bookmakers from the UK are in the lead, providing customers with many innovative ideas and ways to bet, including providing odds on every game, horse race, and form of entertainment that a customer would wish to bet on. In addition, they offer plenty of sign up and deposit bonuses, and as such, have become the world’s most attractive online betting bookmakers.

Due to the rigid regulations and strict gaming licenses, the UK’s bookmakers are some of the most trusted bookmakers in the world. Added to the fact that a UK gambler will not pay tax to any winnings on sports bets made online, UK customers and betters have a very positive environment to bet in, contributing further to the popularity of sports betting as a form of entertainment. Today, the sports betting market in the UK is estimated at £650 million, and a total number of customers at 2.1 million.

2. France

Just as in the UK, sports betting enthusiasts do not have to pay taxes when betting and winning on sports, horse races, and even online poker. The total amount of sports betting wagers in France was €585 million in the second quarter of this year, a total of 73% up compared to the same quarter in 2015. The French love to bet on sports, with football bets leading with 57%, tennis following far behind with 26%, and basketball with 8%. It is notable that despite the large percentage, football betting did not hit a record, with the World Cup in 2014 remaining as the peak of football betting interest with an astounding 63%.

Other betting sports that are popular in France include handball, rugby, and tennis. However, the French can bet on any sport they wish, and the ARJEL has issued online betting licenses to many online bookmakers in France, making sure that they are legal and operate with 100% fairness to customers. French online bookmakers also add to the increasing popularity of sports betting by providing hefty bonuses for losers – if you lose your first best, it will be replaced 100%, up to 100€. This makes France one of the best countries for online sports betting.

3. Italy

Italy deserves to be included here, of course, considering it has a long-standing love affair with all forms of gambling since 300 BC, when Roman legions played dice and a strange board game called “Duodecim Scriptorum,” the predecessor of Backgammon. In addition, in 1638, the Venetian state-sanctioned the world’s first legal casino called “The Ridotto.”

Italy’s love affair with gambling does not exclude sports betting. In Italy, people are allowed to gamble and bet on every sport, except dog racing – made illegal back in 2002. The ban on placing bets on dog racing did not have an impact on sports betting popularity in Italy, though. It is estimated that sports betting, together with placing bets on horse races, account for 14% of the Italian gambling market, which is in turn estimated to be worth about €39 billion annually.

Italy has also taken action to relax the regulations around gambling and sports betting, and the regulatory authority ( Amministrazione Autonoma Monopoli di Stato) has initiated a process to issue new betting licenses to help the growth of the betting market.

4. Germany

Unlike in the UK and Italy, where regulations and licensing procedures have been relaxed in recent years, Germany put a cap of 20 state licenses for bookmakers back in 2013. This has not affected betting’s popularity, however, and in 2016, according to the analytics firm GoldMedia, the sports betting market is estimated at €5.12 billion. Due to the licensing issues, most of the worth amounts to bookmakers operating in the gray area, who have received their licenses in 2012, before the cap was placed, while the state licensed bookmakers only account for 0.2 billion.

The numbers only show that the popularity of sports betting in Germany is on the rise. The Euro 2016 football tournament is considered to be the bringer of about half of the betting worth of 2016.

The two most popular betting sports in the country are considered to be football and horse racing. With Bayern Munich as the nation’s and the world’s leading football team, and the German Derby at Hamburg, which attracts the best equine fields, betting in Germany has always been popular, and it will remain so in the future. In addition, other forms of gambling are becoming increasingly popular in Germany, especially online casinos, and there are many websites that offer bonus codes and other benefits for German gamblers, like www.sportwettenbonuscode.xyz.

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There is not a shortage of stories of gamblers who lose it all, especially today, when gambling addiction is in the limelight just as much as any other addiction.

But there are stories that stand out, stories that show just how much horse racing can have an impact on a person’s life. The stories presented below span centuries, from the days before online gambling, before off the track betting, all the way to modern times. They vary in details, in monetary losses, but there is a running similarity – love of betting on horse races.

The stories prove the pull and attraction of the racetracks, of the pounding of the horses’ hooves, of the crowds, but most of all, the pull of the bets. In these stories, we see how the combined love of horses and betting has led people to their financial, and sometimes even, psychological ruin..

1.    The Story of Riley Grannan

Grannan was one of the most common sights at the racetracks from 1888 up until a few years before his death in 1908. He was one of the most famous gamblers and bookmakers of his day, losing, winning, and losing his fortune again and again, in an endless circle until he walked away from the tracks around 1904 for good.

During his time, Grannan was known as a plunger, a term used in the period to describe people who placed seriously large bets, sometimes of thousands of dollars, on the horses. He was also a bookmaker, and reportedly had a good eye for the horses, and often managed to win fortunes. But just as often, he lost. In 1896, Grannan was reportedly banned from the racetracks in New York, due to suspicion that he had bribed a jockey.

In the aftermath, he relocated to Europe, but came back in the US in 1898, preferring the tracks of the Midwest and California to those of New York. Reports of this period, however, show that his big plunging days were over. His final grand bet was in 1903, when he placed an astounding amount of $18.000 at a racetrack in New Orleans and lost. It is not certain that this was the loss that made him walk away from the racetracks for good, and opened a saloon in Nevada, where he died in 1908.

2.    Ed Cheeseman – From a Bank to a Prison

Ed Cheeseman was a banker who loved the racetracks, the horses, and most of all, he loved the betting. Back in the 1990s, Cheeseman was at the height of his career as a banker, but lost it all to horse race betting.

His story revolves around the racetracks at Saratoga, where his father would take him when he was young. They would place innocent bets on horses, but towards the end, Cheeseman would spend more than a thousand dollars a day on multiple bets throughout the day. His favorite bet was a $40 exacta box, with $40 on each of the six combos that three horses can form if they finish first or second. In other words, Cheeseman would bet around $240 on a single race, and he would bet on several races in one day.

Before his downfall, Cheeseman worked at the National Savings Bank in Albany for 19 years, and at the height of his career, he was a vice president for commercial loans. Naturally, he had access to a lot of money from investors. He began to think that he could use those to break even and regain his losses.

In that time, according to Cheeseman himself, the Saratoga racetrack was the place to be for bankers, investors, and lawyers. For him, going to the racetracks was a social event, a social event that in turn, fueled his addiction to horse betting. He ended up owing $604,372 to the National Savings Bank, $405,769 of which belonged to clients, who did not know that instead of investing their savings, he was funding his own addiction to horse racing.

Cheeseman never managed to break even, regain the losses and pay back the money he had used from clients. In 1992, the law caught up with him. After standing trial and pledging guilt, he was sentenced to the Federal prison in Pennsylvania.

3.    Horse betting leading to ruin in modern times – David Milch

David Milch is the writer and creator of television as we know it today. He created the groundbreaking NYPD Blue, and the incredible television series Deadwood. Milch has enjoyed a career in Hollywood for decades, and has made over $100 million from his television shows and movies, but he has lost it all to horse race betting.

One of his television shows, Luck, which got cancelled in 2012, revolved around horse racing and betting on the racetracks, and Milch himself described it as his “love letter” to horse racing and gambling. Milch has owned a number of horses throughout the years, but he had sold them all back in 2011. However, in between 2000 and 2011, Milch lost over $25 million to horse race gambling, and today, he is over $17 million in debt.

David Milch’s addiction to horse races was not hidden, and his family members and friends have always been aware of it. His wife, Rita Miller, has filed a lawsuit against their financial managers, because she had not been made aware of Milch’s losses and the state of their finances. According to many of his friends, he took to the racetracks with the same focus he showed towards his creations, and he is a very good handicapper. But he would also bet on every race, and spend thousands of dollars on the racetracks, sometimes within one day on multiple races. The Santa Anita racetrack was his place of choice, where he was reported to be a constant presence.

Today, David Milch has an ongoing exclusive deal with HBO, which is talks of renewal. He is also working on two projects, an adaptation of Shadow Country, a novel by Peter Matthiessen, and a movie version of Deadwood. But his days at the racetracks are probably over, because he lives on an allowance of $40 per week.

Addiction to horse races can lead to a person’s financial ruin, as the stories above show. However, gambling on horses today is not limited to the racetracks. Online casinos today are considered well rounded if they offer means of sports betting and betting on horse races, and many of them do. In addition to bonuses, such as those here,  online casinos today offer means of betting on horses from home, and as such, become attractive for people who are horse racing enthusiasts. Horse racing has been around for a long time, and horse betting has been the best thing to do at the races since the first horse race. It is safe to assume that the above stories, which are not isolated stories of gamblers who have lost it all on the racetracks, will be repeated again in the future.

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The race tracks have always attracted a lot of people, not only punters, but sports enthusiasts as well. The sport of kings, as it is commonly called, offers numerous opportunities of social and business gatherings spiced up with the thrill of horseracing. The tracks, the races, the crowds cheering their favorites on, and the thrill of betting can make quite an interesting weekend for anyone, especially for sports enthusiasts.

However, today, the popularity of horse racing is not what it was thirty years ago, when people were crowding the racetracks to cheer on their favorite horses, and when betting on the racetracks was done exclusively through betting stations on-site. Today, the game has changed completely with betting off the tracks and online betting becoming available.

Horse racing industry in possible decline

According to Ladbrokes, the second biggest spectator sports of Britain is not sustainable anymore. Since 2005, the cost of racing has doubled, due to the increase of the horse-racing statutory duty on off the track bets, and the cost of media rights. In order to broadcast races in the shops, bookmakers need to pay for the media rights. The rise in media costs and the statutory levy are causing many bookmakers to close their shops, or cut horse betting altogether. In turn, the horse racing industry suffers a lack of income, especially when the fact that about a fifth of the industry’s income comes from horse betting. In turn, horse breeders cannot meet the demand with domestic horses, and more and more foreign foals are brought in to fill the racetracks.

Factors favoring the decline

There are many reasons why the horse race industry is considered to be in decline. The first reason is the increasing popularity of football and other sports, who grab the attention of betters worldwide a lot more than horse races. Placing a bet on a horse race is a difficult, analytical task one has to do carefully in order to place a winning bet, and lucky wins are rare. On the other hand, football betting has only increased, shown by the rise of popularity in online betting on sports. In addition, many betting websites increase their popularity, like with this bet365 bonus code, and other benefits that favor online casino gambling and betting on other sports.

This brings forward the second reason for the decline. Online gambling at online casinos is becoming more and more popular, especially in Britain. This is not surprising, considering that today’s young generations are more attracted to means of online entertainment, rather than following horse races and attending horseracing events at racecourses. But, even before the digital age, the race tracks always attracted a more mature demographic, and young fans were rarely seen.

Public perception of horse races

The public perception of horse races is not exactly favorable either. A dominant perception is that the sport is not fairly conducted, and that drugs and other means of enhancing a horse’s performance are being used by a lot of trainers, causing a major decline in the fairness of the games. It does not help that there have been situations in the past where a horse’s performance has magically improved in one day. This can affect many betters who turn to betting on other sports, where they believe they will have more chances of winning. In addition, there is always the presence of trainers and jockeys with whips in their hands, ready to lay them on the horses, further increasing the perception that horse racing is a cruel sport where the lives and health of the horses are not taken in consideration by the trainers and jockeys.

Race track attendance shows an increase in popularity

On the side of the coin, horseracing is becoming more and popular. In 2015, attendance to the racecourses increased by 5.3 percent for the third year in a row. This increase can be attributed to the innovative entertainment methods of the races. Some of the races end with concerts and music, and children under the age of 18 get free entrance to many venues, and some of them even have free race nights, allowing many people their first ever sight of a horse race. As such, attendance to the racecourses rises steadily, with many people becoming more attracted to the race and the venues, meaning that the horseracing industry is not yet in such dire straits. Many racecourse venues apply more means of attracting a younger crowd and promote horseracing, and as such, they help out the local communities, demonstrating the importance of horseracing not only as a means of entertainment, but as a source of welfare for the community.

Interest in horse racing rising steadily

As it can be seen in the image below, the interest in horse racing has had a steady increase in the last five years.

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This can be confirmed by the analysis made by Smart Live Gambling is that while online gambling and betting as a whole is on the rise, betting on horses leads with an astounding amount of 65 percent, compared to betting online and offline on other sports and online casino gambling. According to the study, horserace betting is the most popular activity for young men and women from the ages of 25 to 34, and that almost 15 percent of the money a gambler spends in his or her lifetime is dedicated to horserace betting. Online betting with a bookmaker follows far behind with 44 percent, offline sports betting with 37 percent.

The steady rise of interest in horse races coupled together with the fact that betting on horses leads over other forms of gambling and betting, aided by the increase of attendance at the racecourses by both young and mature fans, allows the conclusion that the horse racing industry might have suffered drawbacks and declines over the past decade, but that its trends are on the rise. Last year, attendance of the tracks was at a high, with over six million people attending more than 1400 races, and the betting turnover was over £10 million. The sport of kings is one of the UK’s main forms of entertainments, and it is estimated that it will remain so in years to come.

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Betting on horse races has been around since the first horse race. Unlike gambling, betting on horses did not face the same stigma in the past. In fact, going to the race tracks and betting on horses used to be considered a social event. At almost every race track, there is a betting station for those who wish to bet on the horses. Many people who are new to betting on the outcomes of horse races lose the bets they make, because they are not prepared, and bet only for the fun of betting. However, betting on horses can be both fun and profitable, and these days, with off-track betting, you can bet from your own home without going to the tracks. Winning a bet on horse races is a matter of luck, as it is the case with every other form of betting and gambling. But, winning a bet on horse races can be a matter of skill, and if you learn how to look for information on the horses, jockeys and owners, and how to use that same information, you can increase your odds of winning.

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Different ways of horse betting

It’s very simple to bet on horse races, even if you do it online or over the phone. You place your bet on the horse, and keep a ticket where you have the name of the racetrack, the number of the race, the dollar unit of your bet, the wagering type, and the horse, or horses, you’ve bet to win, place, show, or a combination of bets. Like other sports betting, betting on horses can have different outcomes and these generate different payoffs, depending on the odds and on your bet. As mentioned above, there are several ways to bet on horses.

Betting to win means that if the horse you’ve selected wins the race, you get the win payoff. Place is when you bet that the horse will either win or come out second. You collect a show win if the horse you’ve bet on finished second or third. A combination of the three above is called across-the-board. When you bet across-the-board, you will win if the horse you’ve selected comes either first, second, or third. It’s three bets in one, and if the horse you’ve selected wins, you win the combined amount of the win, place and show payoffs. If the horse finishes second, you collect the combined place and show payoffs, and if the horse finishes third, you collect the combined amount of the show payoff.

Another form of betting is laying a horse – it means betting that the horse will lose the race. Statistically, it is much easier to lay a horse than bet for it to win, so the winnings in this case are lower, and the betting house always keeps at least 5% of your bet, further lowering the amount you will walk away with.

Exotic betting and boxing a bet

Exotic bets come in three forms: exacta, quinella and trifecta. The first form, exacta means choosing two horses to come in first and second. Quinella is basically the same bet as exacta, with the difference that it does not matter which horse of the two you’ve chosen finishes first. Trifecta is when you choose three horses and bet the order in which they’ll finish the race. It’s the most complicated bet, and the most difficult bet to win. Boxing a bet means to box your bet, and increase your chances of winning. It refers to covering all of the possible ways in which you can win. Boxing usually costs the same as you bet, so if you’ve made an exacta bet of $3, you will pay another $3 to box the bet – and you will win as long as the two horses you’ve chosen finish first and second.

How to profit on horse races

Winning and profiting is not the same. Winning on horse races is the first step of making a profit, but if it is followed by a string of losses, then you haven’t made a profit, only had one win among a losing streak. Profiting, on the other hand, means winning bets more often than losing them, and when it comes to betting on horses, it’s possible. It’s mccririckdifficult, especially if you’re new to horse race betting, but it can be done if you know which steps to take and which things you should familiarize yourself with. Betting to win means understanding the difference between fixed odds betting, parimutuel betting and exchange betting. In horse race betting, the most common forms are fixed-odds and pari-mutuel (tote) betting. Fixed odds betting means placing a bet with a bookmaker at fixed odds. Tote betting is a lot different. When you place a bet with a tote betting organization, your bet goes into a pool of bets for the race, and the payoffs are, afterwards, spread among the winners. There are no odds involved, and the amount you will win depend on the race, the amount of bets, the amount of winning bets, and the percentage that the organization (house) gets to keep.

The secret to profiting on horse races

The secret is time, dedication, and patience. You need to be familiar with the horses involved in the race and spend time researching them. There is plenty of information online today, that you don’t even need to spend time at the tracks, or look for information in leaflets or handicapping selections. Emotions and instinct can be your enemies, and your favorite horse will not always win, so you need to be impartial, and decide on a winning horse by a string of factors, like form, weight, trainer and others. You can see more in the video below.

Setting aside money to be used specifically for making profit off of betting on horse races is a good way of taking the emotion out of the betting, as it allows looking at it as an investment, rather than a gamble. Smart betting involves being selective about races, horses, and odds. It involves careful money management, and records keeping – in order to keep track of what works and what does not work. There are plenty of systems that have been developed, whose developers claim to be profitable winning systems, but those might not work for you.

Difference between betting and gambling

Today, betting on horses and online gambling are fighting for popularity. More and more people stop going to the tracks and simply bet online, and people also spend more and more time playing casino games online. Of course, this poses the question of which is more profitable: betting or horses or online gambling? Lucrative Casino Jackpots attract more players, but the chances of winning those are not great. Slot machines are money robbers, in essence, poker, blackjack, and roulette seem like games where you can win and profit – but luck has a bigger role than skill, all the same. Horse betting, on the other hand, can be profitable with skill, patience, and dedication, because you can minimize your losses by careful planning, research and taking rational decisions.