Thoroughbred racing is a sport and industry involving the racing of Thoroughbred horses. It is governed by different national bodies. There are two forms of the sport – flat racing and jump racing, the latter known as National Hunt racing in the UK and steeplechasing in the US. Jump racing can be further divided into hurdling and steeplechasing.
Horse racing is an equestrian performance sport, typically involving two or more horses ridden by jockeys over a set distance for competition. It is one of the most ancient of all sports, as its basic premise – to identify which of two or more horses is the fastest over a set course or distance – has been mostly unchanged since at least classical antiquity.
Horse racing is the second largest spectator sport in Great Britain, and one of the longest established, with a history dating back many centuries. According to a report by the British Horseracing Authority it generates £3.39 billion total direct and indirect expenditure in the British economy, of which £1.05 Billion is from core racing industry expenditure and the major horse racing events such as Royal Ascot and Cheltenham Festival are important dates in the British and international sporting and society calendar.
The Jockey Club is the largest commercial horse racing organisation in the United Kingdom. It owns 15 of Britain's famous racecourses, including Aintree, Cheltenham, Epsom Downs and both the Rowley Mile and July Course in Newmarket, amongst other horse racing assets such as the National Stud, and the property and land management company, Jockey Club Estates. The registered charity Racing Welfare is also a company limited by guarantee with the Jockey Club being the sole member. As it is governed by Royal Charter, all profits it makes are reinvested back into the sport.
Thoroughbred horse racing is a spectator sport in Australia, and gambling on horse races is a very popular pastime with A$14.3 billion wagered in 2009/10 with bookmakers and the Totalisator Agency Board (TAB). The two forms of Thoroughbred horseracing in Australia are flat racing, and races over fences or hurdles in Victoria and South Australia. Thoroughbred racing is the third most attended spectator sport in Australia, behind Australian rules football and rugby league, with almost two million admissions to 360 registered racecourses throughout Australia in 2009/10. Horseracing commenced soon after European settlement, and is now well-appointed with automatic totalizators, starting gates and photo finish cameras on nearly all Australian racecourses.
Conditions races are horse races in which the weights carried by the runners are laid down by the conditions attached to the race. Weights are allocated according to the sex of the runners, with female runners carrying less weight than males; the age of the runners, with younger horses receiving weight from older runners to allow for relative maturity, referred to as weight for age; and the quality of the runners, with horses that have won certain values of races giving weight to less successful entrants.
In horse racing in the United Kingdom, France and Republic of Ireland, National Hunt racing requires horses to jump fences and ditches. National Hunt racing in the UK is informally known as "jumps" and is divided into two major distinct branches: hurdles and steeplechases. Alongside these there are "bumpers", which are National Hunt flat races. In a hurdles race, the horses jump over obstacles called hurdles; in a steeplechase the horses jump over a variety of obstacles that can include plain fences, water jump or an open ditch. In the UK, the biggest National Hunt events of the year are generally considered to be the Grand National and the Cheltenham Gold Cup.
The Australian and New Zealand punting glossary explains some of the terms, jargon and slang which are commonly used and heard on Australian and New Zealand racecourses, in TABs, on radio, and in the horse racing media. Some terms are peculiar to Australia, such as references to bookmakers, but most are used in both countries.
Group One, Group 1, Grade I or G1 is the term used for the highest level of Thoroughbred and Standardbred stakes races in many countries. In Europe, the level of races for Thoroughbred racing is determined using the Pattern race system introduced in 1971 and monitored by the European Pattern Committee. To attain or maintain a Group One status, the average rating for the first four finishers in the race must be 115 or higher over a three-year period. The International Federation of Horseracing Authorities works to ensure consistent international standards. Group One races may only be restricted to age groups or a stipulated sex: they should not be restricted to horses bred in a certain country. Group One (G1) races may be run under handicap conditions in Australia, but in Europe weight-for-age conditions always apply.
The Longines World's Best Racehorse Rankings (LWBRR), known as World Thoroughbred Racehorse Rankings (WTRR) before 2012, are horseracing's equivalent to World Rankings by other major sporting organizations such as ATP Tennis Rankings, World Golf Rankings, FIFA World Rankings for soccer and IRB Rugby World Rankings. The Longines Rankings are based on the rating earned by horses running worldwide from North and South America, Europe, Middle East, South Africa, Asia through to Australia and New Zealand.
A graded stakes race is a thoroughbred horse race in the United States that meets the criteria of the American Graded Stakes Committee of the Thoroughbred Owners and Breeders Association (TOBA). A specific grade level is then assigned to the race, based on statistical analysis of the quality of the field in previous years, provided the race meets the minimum purse criteria for the grade in question. In Canada, a similar grading system is maintained by the Jockey Club of Canada. Graded stakes races are similar to Group races in Europe but the grading is more dynamic in North America.
The Coral Trophy is a Premier Handicap National Hunt steeplechase in Great Britain which is open to horses aged five years or older. It is run at Kempton Park over a distance of about 3 miles, and during its running there are eighteen fences to be jumped. It is a handicap race, and it is scheduled to take place each year in late February.
The Greatwood Gold Cup is a Premier Handicap National Hunt steeplechase in Great Britain which is open to horses aged five years or older. It is run at Newbury over a distance of about 2 miles and 4 furlongs, and during its running there are sixteen fences to be jumped. It is a handicap race, and it is scheduled to take place each year in late February or early March.
The Coral Cup is a Premier Handicap National Hunt hurdle race in Great Britain which is open to horses aged four years or older. It is run on the Old Course at Cheltenham over a distance of about 2 miles and 5 furlongs, and during its running there are ten hurdles to be jumped. It is a handicap race, and it is scheduled to take place each year during the Cheltenham Festival in March.
The Fred Winter Juvenile Novices' Handicap Hurdle, known for sponsorship purposes as the Boodles Juvenile Handicap Hurdle, is a Premier Handicap National Hunt hurdle race in Great Britain which is open to horses aged four years. It is run on the Old Course at Cheltenham over a distance of about 2 miles and ½ furlong, and during its running there are eight hurdles to be jumped. It is a handicap race for juvenile novice hurdlers, and it is scheduled to take place each year during the Cheltenham Festival in March.
The Pertemps Network Final is a Premier Handicap National Hunt hurdle race in Great Britain which is open to horses aged five years or older. It is run on the New Course at Cheltenham over a distance of about 3 miles, and during its running there are twelve hurdles to be jumped. It is a handicap race, and it is scheduled to take place each year during the Cheltenham Festival in March.
Glossary of North American horse racing:
Paradox (1882–1890) was a British Thoroughbred racehorse and sire. In a career that lasted from October 1884 until October 1885 he ran eight times and won six races. Despite running only twice in 1884, he proved himself to be one of the best two-year-olds of his generation by winning the Dewhurst Plate. In the following year he won five of his six races including the 2,000 Guineas, the Grand Prix de Paris, the Sussex Stakes and the Champion Stakes. His only defeat came when he was narrowly beaten by Melton in The Derby.
Betting on horse racing or horse betting commonly occurs at many horse races. Modern horse betting started in Great Britain in the early 1600s during the reign of King James I. Gamblers can stake money on the final placement of the horses taking part in a race. Gambling on horses is, however, prohibited at some racetracks. For example, because of a law passed in 1951, betting is illegal in Springdale Race Course, home of the nationally renowned Toronto-Dominion Bank Carolina Cup and Colonial Cup Steeplechase in Camden, South Carolina.
