But with all the different types of sports in the world, what sets horse racing apart, and why should bettors be interested in putting their money down on a sport that many feel is oversaturated?

Find out the pros and cons of betting on modern horse racing.

The Pros:

It’s Extremely Easy

Betting on horse racing is incredibly easy due to a number of reasons. The first is access: as its one of the world’s oldest forms of betting, most bookmakers in the world provide full coverage of the sport at any given time of the year.

Not only does this mean that the bettor will have access to a full range of different betting types, but they will be able to track the horses they put money down, and will be given the chance to try out new bets that are only available through bookies that provide bets for the sport.

On top of this, it’s also an incredibly popular sport online, meaning that it’s simple and straightforward to deal with all online interactions, while also being able to load up the latest news of any particular event, putting it alongside online bingo NZ in terms of sheer accessibility.

But Can Also Be Challenging

There’s a common misconception that horse racing betting is popular because it’s always easy to wager on any event, but with the amount of bets made available through bookmakers, along with the inherent risk of more advanced bets, and it can become apparent that it’s often best-suited for those that want a challenge.

This challenge not only allows the punter to potentially make real money off of a bet, but gives them the chance to try their luck against some of the industry’s most knowledgeable experts, and the satisfaction of beating them.

The Cons

Governmental Regulation

Governments around the world are clamping down on all forms of online sports betting, and horse racing hasn’t been left out of their sights. This means that, depending on the country the bettor resides in, it can be difficult to legally wager on a horse or race.

The constant changing of regulation means that the punter will need to always be aware of what’s going on in the world of horse racing, and to be able to adapt to any new rules or laws that come into place, especially if they wish to remain in line with the laws of their country.

Losing Money

Any form of betting comes with risk, and horse racing is a good way of losing a lot of money quickly if not done properly.

And even if everything is done to perfection, there’s no real way of predicting exactly how a race will turn out. But for many, this is just part of the thrill, and makes it worth taking the risk, no matter how much money they could potentially lose.

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Prix de l’Arc de Triomphe – $5.6 million

As Europe’s richest horse race, the continent’s elegance is always on full display at the Prix de l’Arc de Triomphe. Held annually at the Longchamp Racecourse in Paris, the Prix de l’Arc Triomphe is contested over 2,400m by thoroughbreds aged three years or older. Some of the world’s best horses have competed here and the 1^st place prize is $3.2 million of a $5.6 million purse.

Japan Cup – $5.8 million

Held annually at Tokyo Racecourse, the Japan Cup is the country’s richest horse race for three-year-old and above thoroughbreds. Limited to just 18 places, participation in the Japan Cup is by invitation only and allows the opportunity to win a share of the $5.8 million purse. Run annually since 1981, the Japan Cup has established itself as an international contest with winners from all over the world.

The Breeders’ Cup Classic – $6 million

Contested over a distance of 2,000m on dirt, the Breeders’ Cup Classic is one of the world’s most prestigious horse races – almost as prestigious as playing online slots in Australia! Held annually at a different racetrack, all races since the 1984 inauguration have been held in the United States barring the 1996 edition which was held in Ontario, Canada. With the prospect of coming in 1^st place and bagging more than half of the $6 million purse, the Breeders’ Cup Classic attracts some of the world’s best.

Pegasus World Cup – $9 million

While the Pegasus World Cup was the world’s richest horse race in 2018 with a prize purse of $16 million, the prize money for the 2019 edition has been almost halved. However, with a $9 million purse, the Pegasus World Cup is still one of the world’s richest horse races. Held at the Gulfstream Park in Florida since 2017, the Pegasus World Cup is contested over 1,810m on dirt.

The Everest – $9.8 million

Raced over 1,200m of turf at the Randwick Racecourse in Sydney, Australia, the Everest offers a prize purse of $9.8 million making it the world’s richest turf race. Having only been held since 2017, the Everest is not as yet eligible for Group race status, but is contested by Weight for Age thoroughbreds.

The Dubai World Cup – $12 million

We’ve reached the world’s richest horse racing purse! Held annually at the Meydan Racecourse in Dubai since 1996, the Dubai World Cup offers an incredible prize purse of $12 million with the winner taking home an enviable $7.2 million. Contested over 2,000m on dirt, the Dubai World Cup is the highlight of the racing calendar.

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