In India, horse racing and betting have a rich history with unique local products and terminology. The most popular form is flat racing, which takes place at prestigious venues like the Mahalaxmi Racecourse in Mumbai and the Bangalore Turf Club.
Indian betting products include the Satta Matka, a form of lottery that originated in the 1960s, and legal betting at racecourses through the Totalisator or Tote system. The Tote allows punters to bet into a pool, with winners sharing the total amount after deductions.
Key Indian horse racing terms include \“Malcolm\“ for a horse that is heavily backed, \“Khadoos\“ for a stubborn horse, and \“Baniya\“ for a punter who bets small amounts. Local bookmakers, known as \“Bookies\“, offer fixed odds betting, though this is largely unregulated.
Online betting platforms have gained popularity, offering products like \“Single\“ bets on one horse to win, \“Each-Way\“ bets covering both win and place, and \“Forecast\“ bets predicting the first two horses in order. However, it\“s important to note that online betting regulations vary by state in India. |
