|Wednesday 29th June 2022
The Popularity of Horse Race Betting in India
Did you know that horse race betting is one of the most popular forms of gambling in India?
In fact, it is so popular that there are entire magazines and newspapers devoted to reporting on the latest races and odds. Betting on horses has been around for centuries, and it shows no signs of slowing down.
In this blog post, we will take a closer look at the history of horse race betting in India, as well as some of the most popular bets that are made.
History and origins of horse race betting in India
Horse race betting has a long and rich history in India. It is believed that the sport of horse racing was first introduced to the country by the Persians, who brought it with them when they invaded in the early 16th century. The sport quickly gained popularity among the Indian nobility, and soon there were horse racing tracks all over the country. Betting on horses soon became a popular pastime for both the wealthy and the poor.
In fact, the popularity to have been experienced has led to a number of bookmakers in the country including the Fun88 India platform to be created and provide punters with access to enjoy this popular hobby as much as they can.
What are some of the bets that are typically made?
When thinking about the bets that are available to place, there are two that typically stand out.
Win bets are exactly what they sound like - you bet on which horse you think will come in first place. Place bets are a bit more complicated; you bet on which horse you think will come in first, second, or third place. The payouts for both types of bets vary depending on the odds of the race.
Of course, as time has progressed, there are several other bets that can be made that make the entire sport rather interesting, including the number of lengths the winner is able to win by, however the two highlighted above are always the most popular for punters, regardless of where they are based in the world, let alone just in India.
Why is horse race betting so popular in India?
Although we all know how popular cricket and betting on that particular sport is in India, it is important to note that there are a few reasons that help to highlight just how popular horse race betting is in the country, too.
First, horse racing is a very exciting sport to watch. The races are often unpredictable, and there is always the chance that your horse could come from behind to win at the last minute. Naturally, as punters continue to be gripped by what they see, it is very easy to understand why the sport is as popular as it is.
Second, horse race betting is relatively easy to do. You do not need to know much about the sport to place a bet, and there are usually plenty of people around who can help you if you are not sure what you are doing. Of course, there are various things that you can do in order to try and make the best bets, such as looking at form guides or checking out historic data but is an accessible sport that many can enjoy.
Finally, horse race betting is a great way to make some extra money. If you pick the right horse, you can end up winning quite a bit of money as odds can be higher for this sport compared to many of the others that are possible to wager on.
To summarize, it is clear that horse race betting in India is extremely popular and a pastime that is unlikely to stop growing in the future. It is easy to participate in, whilst it can provide a lot of fun and enjoyment at the same time.