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Horse racing is the second most widely attended U. By far the most popular form of the sport is the racing of mounted thoroughbred horses over flat courses at distances from three-quarters of a mile to two miles. Other major forms of horse racing are harness racing, steeplechase racing, and quarter horse racing.
Place a bet on your favorite horse now. OTB is growing in popularity throughout the United States. OTB facilities offer an alternative to wagering at racetracks. And like betting done at tracks, states receive a portion of the pari-mutuel handle, or take. The advent of the internet has given a whole new meaning to OTB.
Online race books bring betting on your favorite thoroughbred, harness, greyhound racing and jai alai events in the comforts of home. But in its early beginnings, horse racing was a sport that was enjoyed and wagered on mostly by the upper class. After the Civil War, horse racing tracks opened throughout the east coast paving the way for bettors from all economic sectors to enjoy the thrill of the past paced action. In the Early days of horse racing, many enterprising bookmakers started 'auction pools' which involved auctioning off bets for each horse in a race.
But this format was short lived because bettors were out of luck if the horse that they wanted to wager on was already taken. The bookies, known for being innovative, soon realized that setting odds on individual horses would increase betting handle and, in turn, the bookie's hold. When there was overwhelming money on one horse, the bookmaker would simply lower the odds to increase the attractiveness of other horses in the race. This format is still in use today.