In this article, I want to provide you with some insights into how to evaluate a horse racing partnership. If you have not read my previous article AmWager platform from AmWest Entertainment. Let me be clear that I am talking about Horse Racing that most people are familiar with. Maybe someday I will take a close look at Rodeo, Polo, and Barrel Racing but not today. The first order of business is to become familiar with the language of Horse Racing. Without this knowledge, it will be difficult to determine if this is worth the time, regardless of its potential.

AmWager platform from AmWest Entertainment – Let us consider three classes of horses thoroughbreds, Standard-breds and Quarters. Each type of horse races in very different ways. Quarter Horse races are straight sprints, usually less than 600 yards. They come flying out of the gate and bolt to the finish line. Very little strategy here, just a flat out sprint. If the horse can clear the gate clean and straight tends to do well. These races can be free-for-alls because as they break from the gate, speed is everything, so do not be shocked with the occasional bumper car action.

Thoroughbred Horses also race flat out, the gate opens and the horse runs around the track for a specific distance; ranging from the 4 1/2 furlongs to 1 3/4 miles (and sometimes longer in European, Australian and Japanese races). There is some strategy here because some horses prefer to be in front, while others prefer coming from the back of the pack, running down the leaders.

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They are different ways the standard-bred horse gallops. The racing distances are at least 1 mile. A gated truck drives in front of the horses as they slowly start either at a trot or at a pace. The gated truck has a gate on each side of the vehicle extending perpendicular that acts like a moving gate. The horses accelerate toward the gate until the gate swings away from the horses. The truck accelerates out of the horse’s path and the race is on.

Unlike Quarters and Thoroughbreds who are ridden by jockeys sitting in light saddles on the back of the horse, Standard-breds are driven using a cart called a silkie. Standard-bred Racing is often called Harness Racing.

A furlong is 1/8th of a mile. Races below 1 mile are considered sprints. Thoroughbred races are run on Turf, Dirt or Synthetic surfaces. Standard-bred and Quarter Horse races are run on dirt. Each time a horse is entered in a race, the results are reported to organizations like Equibase and stored. Each successive race the horse is entered in, will offer the horse’s past performances as part of the program.

Types of Races

It is important to understand that each race has qualifying characteristics. Each horse needs to meet the requirements established for the race. All races are organized into two broad categories: Graded Stakes Races and Non-Graded Stakes Races. Keeping things simple, there is a Graded Stakes Committee that defines the Graded Stakes Races for the entire year. Non-Graded Stakes Races are defined weekly and/or monthly, on a track by track basis. The prize (which is referred to as the purse) for Graded Stakes Races are considerably higher than for Non-Graded Stake Races.

Probably the most well known horse race is the Kentucky Derby. The Derby is the first leg of the Triple Crown. Names like Secretariat, Affirmed and , immediately come to mind. It has been over 25 years since Thoroughbred Horse Racing has celebrated a Triple Crown winner. The Kentucky Derby goes a distance of 1 1/8th miles. Thoroughbred Horses looking to enter this race must be 3 years old and are one of the top 20 earnings horses. The number is 20 because Churchill Downs (the track the Derby is run at) attempts to field 20 horses each year. The Kentucky Derby is a Grade 1 (G1) Stakes Race.