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Betting on horse races has got an equivalent depth of roots in Indian history as that of Horse racing itself. In earlier days when several rulers ruled different kingdoms in India, betting on Horse races organized for mere amusement of the public was a very popular thing. The tradition followed in older days has now become a more organized procedure but is still followed as a favourite leisure time activity for many.
There are several bodies now known as Turf Authorities of India that rule the organization of the Horse racing events across nine licensed racecourses located at various parts of the country namely at Mumbai, Pune, Bangalore, Hyderabad, Mysore, Kolkata, Chennai, Ooty and Delhi. The rules of betting and simulation of the whole betting procedure is also under the strict supervision of these Turfs who keep a close check on the proceedings and are accountable to Government of India.
The betting on Indian Horse racing events can be done in person only at the betting booths available at the racecourses or with the help of offline bookmarkers. The online betting for Indian races is not available due to the regulatory policies and laws enforced by the Indian government on online betting system. But betting in person is legalized by Government of India under the 1888 Police Act and 1930 Gaming Act.
Since the government recognizes the betting on Horse races as a skill acquired by the Punters therefore no legal action can be held against any bet made in person or through offline bookmarkers on any Horse race happening across the nation.
This can be done in two ways namely Tote and Fixed odds betting. Let us try and understand both of these formats one by one.
As discussed earlier for the Horse races happening across the Indian racecourses, Turf Authorities of India are responsible for the betting procedure. A Tote can be placed by a Punter in several ways which are mentioned as under:
The future of betting in India is quite bright due to the coming of new sponsors who are willing to invest a lot in the events. Moreover the Turfs Authorities and the Stud farms are providing the Jockeys and the Horses with a better training facilities and improved infrastructure. When quality of the racecourses improve, the quality of training improves then the thrills associated with the races are bound to touch new heights which will definitely show through increased number of bets and better betting facilities.
This way through mutual co-ordination and efforts of the Government of India and Turf Authorities of India the level of competition in these races are surely going to touch the International standards some day in the near future. These would be in joint interests of the jockeys as well as the Punters.