In India, horse racing betting has a long-standing tradition and is regulated under specific laws. The primary product available for betting enthusiasts is the totalizator or Tote system, which is operated by authorized race clubs across the country.
Local betting products include win, place, and each-way bets on horse races. The odds are determined by the amount of money wagered on each horse, creating a pool that is distributed among winning bettors after deducting a commission.
Major racecourses like Mumbai, Bangalore, and Hyderabad offer on-track and off-track betting facilities. Online platforms have also emerged, providing digital access to betting odds and race information while adhering to Indian gambling regulations.
Understanding horse racing odds is crucial for Indian bettors. Odds represent the probability of a horse winning and determine potential payouts. Lower odds indicate favorites, while higher odds suggest underdogs with greater risk but higher returns. |
