<title>Horse Betting
Online | Horse Racing Betting at TVG.com</title>
<meta name="description" content="The ease and
convenience of online horse betting makes it easy to bet on your favorite
horses without having to visit the horse tracks. View exciting video footage
and insider advice and earn member rewards for horse betting at
TVG.com">
<meta name="keywords" content="horse betting,
horse race betting, horse racing betting, TVG.com">
<h1>Horse Betting: Then and
Now</h1>
After a
new breed of swift horses was born in England, which was a result of breeding
between Arab stallions and English mares, <b>horse betting</b> and
racing became such a highly anticipated and popular activity in England that it
transformed from a mode of entertainment for kings and nobility to a widely
viewed spectator sport that had the popularity enough to bolster pocket
books.
Altering
from a two horse race to a professional race of several horses at once during
the reign of Queen Anne in the 1700s, the heightened interest in horse racing
called for a new system for placing a
<i>bet</i>. The Jockey Club was established in order to create a
foundation for authority in horse racing and in order to centralize much needed
regulations for horse betting.
Horse
betting is fundamental to the sport of horse racing and is considered the
primary reason why the sport has lasted through the ages. American tracks allow
betting under the pari-mutuel wagering system. This system was developed by
Pierre Oller; a Frenchman from the 1800's.
He created a system in which a fixed percentage, (14 percent – 25
percent) of the bet amount is used to fund the operation of horse tracks,
racing purses and the allotted state and local taxes. The remainder of the
money provided by horse betting is divided by the total number of individual
bettors in order to set a payoff for each bet.
Track computers consistently calculate the estimated bet payoff, odds,
and post the odds on the track odds boards for people to refer to when horse
betting. So for instance, if the odds read 4-1 the translation would be that
for each $1 that the bettor waged, he or she will receive $4 profit in payoff.
<h2>Online
Horse Betting</h2>
Today
horse betting continues to be a popular form of excitement and sport. Modern
technology has enabled horse betting to be more widely accessible. Websites such as
<i>www.TVG.com</i> allow bettors to place their bets online. Additionally bets can be made and confirmed
back within 15 seconds via mobile phone, automated telephone and even a Dish
Network iTV remote. www.TVG.com offers an array of helpful tips,
video coverage and up-to-date results for those who enjoy making bets on their
favorite <b>horses</b>