1. Horse-Racing
... Britain, Ireland, Western Europe, Australia, New Zealand, South America, and the U.S. The most popular form of racing is thoroughbred racing. But other forms of racing are harness racing, steeple chase racing, and quarter horse racing. The legalized gambling is the main reason for horse racings long life. All the betting done in American tracks ... the "Pari-mutuel wagering system". Under this system, 14 to 25% of the amount wagered is taken out for track operating expenses, racing purses, and state and local taxes. The remaining sum is divided by the number of individual wagers to dete...
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- Approx Pages: 4
- Grade Level: High School