Horse racing has been a popular sport throughout history. It is an equestrian sport, which has been associated with gambling since it was originated. It is also known as the sport for kings. In the past, Arabian and Quarter horses were used for horse races, but nowadays most of the racing takes place between thoroughbred horses.
Horse racing is legal in most countries of the world, and has been sanctioned by the governments. This is because it is a major part of the economy, and it is important to regulate a sport, which generates money for the state. A major part of the importance of this sport is related to the gambling money that is used for horse race betting every year.
There are many important horse-racing tournaments in the world. Some of the major horse racing countries of the world are the US, Australia, New Zealand, UAE, and Great Britain among others. The richest horse race in the world is the Dubai World Cup, which has a prize of 6 million dollars. However, there is no pari-mutuel betting in the UAE as gambling is illegal.
In the United States, horse race bets date back to 1665. It gained immense popularity when the Triple Crown race was introduced. This is a series of three races known as the Kentucky Derby, the Preakness, and the Belmont Stakes. Most of the racing in the US is thoroughbred and other breeds such as Arabian horses are found on a limited basis. The most common thoroughbred race in this region is the flat race in which the track is oval is shape, and speed and stamina are judged.