If you go to a horse racing you will feel the thrill of the resounding hooves echoing away as the colorfully dressed jockeys urge their horses on to victory. But something else, very underlying, takes place simultaneously.
People make and lose a lot of money at the end of each horse race. But there are a group of people who, come shine or rain, make money anyway. They are the bookies. They make money whether the favorite horse wins or not. And the punters would like to be in their shoes.
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Know The Types Of Races
Oftentimes, your horse racing systems adapt to the new conditions of new races. Indeed, there is no such thing as "same old, same old" races in horse racing. Weather conditions, post positions, jockey and trainer combinations, ground conditions, and horse class and fitness are just a few factors in horse racing.
Thus, adapting your systems according to the type of race can be a logical move. Here then are the types of horse races.
Stakes and Handicap Races
These are the highest level of horse racing, which offers the highest purse winnings amongst all types. Thus, if you win here, you win big! Adapt your horse racing systems to allow you this advantage.
Allowance Races
In allowance races, conditions are set by the Racing Secretary. These conditions limit the qualifications by which a horse can enter the race. Thus, you will hear of qualification requirements like non-winner of two races other than maiden, or non-winner of three races other than maiden.
Maiden Races
Maiden races are participated in by horses who have never won a race. In a sense, it is the horse's initiation to the professional world of horse racing. These races are further subdivided into two types. The maiden allowance is generally participated in by the best bred and youngest horses on the track, with consequently higher purses than the maiden claiming race. This second type differs from maiden allowance because the horses can be bought after the race.
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