16+ CR GTD
Header banner - Poker High
Pokersaint - Lead
A Basic Understanding of Horse Racing and Betting in India Gambling

A Basic Understanding of Horse Racing and Betting in India

by Jonathan Pereira Posted on 28 Aug, 2020

Horse racing is a performance sport, typically a competition between horses ridden by jockeys over a set distance. It is one of the most ancient sports, but over the years basic rules of the sports have remained the same – to identify which horses is the fastest over a set course or distance. Horse races vary in format and many countries have developed their own traditions around the sport. The variations normally include restricting the breeds of the horses, running over obstacles, running over different distances or running on different track surfaces. 

Horse racing in India, has a long and chequered history of over 200 years. It is the only betting sport which is legally allowed in India since the first racecourse in the country, which was set up in Madras in 1777. The Indian Stud Book maintains records of all breeding activities in India, with racing restricted only to Indian-bred race horses. India also has a well established breeding industry with stallions imported from all over the world. India has a mixture of both pool betting and traditional bookmakers, for horse betting enthusiasts who view and place bets on their favourite horses at licensed racetracks.

Pool Betting 

Pool betting or Parimutuel betting, is where gamblers money are pooled and shared proportionally among the winners once a deduction has been made from the pool. Unlike many forms of casino gambling, in Pari-mutuel betting, the gambler bets against other gamblers, not the house. In some countries it is known as the Tote, named after the totalisator – large display of odds or payoffs for each horse – which calculates and displays bets already made. The Parimutuel system is also used in gambling on greyhound racing, jai alai, and all sporting events of relatively short duration in which participants finish in a ranked order. 

 A Basic Understanding of Horse Racing and Betting in India

Bookmakers

A bookie can be an individual or an organisation, who make their money by transaction fee on their customers’ bets. They usually don’t place bets themselves, but often lend money to gamblers. Although the term bookie has been associated with illegal activity, a bookmaker has become more legitimate with the expansion of sports betting and online betting. However, the legality of the various types of gambling is determined by state governments.

Horse racing has always been immensely popular in India, just like it is in UK or USA. There are five regional racing authorities in India which are Kolkata, Chennai, Bangalore Mumbai and Hyderabad thoroughbred Racing in India. India is today home to 9 racecourses managed by the Turf Authorities of India, a regulatory body that organizes a number of horse racing events and manages trackside bookmakers and pari-mutuel betting booths. 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. A few months go, Karnataka State governments approval for online betting, should open doors to the market which will boost revenue of the establishment and the government.

For more updates on Horse Racing and Sports Betting in the country, keep reading GutshotMagazine.com

9stacks slim banner


Tagged : 

More News

Horse Racing setback with 10 jockeys testing positive for COVID-19
Gambling
21 Aug,2020 

Horse Racing setback with 10 jockeys testing po...

Gambling
8 Jul,2020 

State govt. Approves Online Race Betting at Ban...


Comments

Your email address will not be published. Required fields are marked *

Dangal box

Top 10 Poker Rooms

  • Calling Station
    Calling Station

    Instant withdrawal; Use “RELOAD20” on deposits for 20% locked bonus
    Offer: "GUTSHT" Register

  • 9stacks
    9stacks

    Instant withdrawal; 100% locked bonus on first deposit
    Offer: "9GUTSHOT Register

  • PokerSaint
    PokerSaint

    60-seconds withdrawal; 100% locked bonus on first deposit
    Offer: "GUT100" Register

  • Poker Dangal
    Poker Dangal

    INR 500 Free on sign-up; (425 Locked, 75 Instant)
    Offer: 150% on first deposit up to INR 5,000 Register

  • Spartan Poker
    Spartan Poker

    Sign-up with "GUTSHOT"
    Offer: "GUT300X" to get 300% on your deposit Register

  • Pocket52
    Pocket52

    Up to 300% bonus for first-time depositors
    Offer: "GUTSHOT52" - 10% Instant + 190% Locked + Free Ticket worth Rs.110 Register

  • Poker Tempo
    Poker Tempo

    Free Rs.700 on Signup - 600 Ticket for 5 Tourneys of 20K GTD each, 50 Instant, 50 Locked
    Offer: "WELCOME150" - First deposit bonus of 150% Register

  • BLITZPOKER
    BLITZPOKER

    Sign-up with "GSBLZ"
    Offer: Make your 1st Deposit of INR 200 & GET 1000 in return! Register

  • PokerStars India
    PokerStars India

    Deposit Rs.500 and get First Deposit Bonus of Rs.2,500 + 5 tickets to Depositor Freerolls
    Offer: "IMIN2500" Register

  • Natural8
    Natural8

    Sign-up code "GUTSHOT"
    Offer: 200% bonus up to $1,000 or $100 in instant rewards Register

Pokersaint box banner

Want to share your thoughts about poker?

Then click the button to submit your article.

Facebook + Follow

Instagram + Follow

Signup at Pocket52 to enjoy benefits worth 5600 as welcome bonus

Signup at Pocket52 to enjoy benefits worth 5600 as welcome bonus