Horse racing is an equestrian sport, in which two or more jockeys ride a set distance for the competition. It is one of the oldest of all sports and its starting point – to determine which of two or more horses is the fastest over a particular course or at a distance – has remained unchanged since the earliest times.
In Malaysia, horse racing was introduced during the British colonial era and continues to this day as a gambling activity. There are three racecourses in Malaysia, namely Penang Turf Club, Perak Turf Club and Selangor Turf Club.
Inside and only within turf clubs, betting on horse racing is a legal form of gambling. Racing in Malaysia and Singapore is managed and controlled under the rules of the Malaysian Racing Association and bets in Malaysia are managed and organized by Pan-Malaysian Polish Sdn Bhd.
Horse racing was introduced to Singapore by the British during colonial times and remained one of the legal forms of gambling after independence. It remains a very popular form of entertainment with the local Singaporean community to this day.
Horse races are usually held on Friday evening and Sunday at the Singapore Turf Club in Kranji. Horse racing has also left its mark on the naming of roads in Singapore, such as Race Course Road in Little India, where horse racing was first held in Singapore, and Turf Club Road in Bukit Timah, where Singapore Turf Club used to be located before he moved to the current location in 1999.
There are hundreds of online betting exchanges or bookmakers offer horse races betting in the whole world. Punters now can bet easy via their mobile.
In addition to traditional betting with a bookmaker, gamblers are able to both return and put the money on an online betting exchange. Gamblers who had the odds were in fact like a bookmaker, the chances of a horse being set by the market conditions of the betting exchange, which is dictated by the activity of the members.