History of Thoroughbred racing in the USA
Settlers from Britain who brought horses and horse racing with them to the American New World, with the maiden race track laid out on Long Island as early as 1665. While the sport became a widespread local pursuit, the progression of organized racing did not arrive until after the Civil War. (The American Stud Book was started in 1868.) For the next several decades, with the speedy rise of an industrial economy, betting on racehorses, and therefore horseracing itself, grew explosively; by 1890, 314 tracks were at work across the country.
The sudden evolving of the sport without any predominant governing authority led to the domination of many and various tracks by corrupted elements. In 1894 the nation's most important track and stable owners met in New York to form an American Jockey Club, modelled on the English version, which soon ruled racing with an iron hand and ended much of the corruption.
In the early 1900s, however, racing in the United States was almost wiped out by antigambling sentiment that led almost all states to ban bookmakers. By 1908 the number of tracks had plummeted to just 25. That same year, however, the entrance of pari-mutuel betting for the Kentucky Derby signalled a turnaround for the sport. More tracks opened as quite a few state legislatures promised to legitimize pari-mutuel betting in exchange for a dividend of the hard cash wagered. At the end of World War I, prosperity and great horses like Man o' War brought spectators flocking to horseracing tracks. The sport prospered until World War II, declined in popularity during the 1950s and 1960s, then enjoyed a resurgence in the 1970s triggered by the immense popularity of great horses such as Secretariat, Seattle Slew, and Affirmed, each winners of the American Triple Crown--the Kentucky Derby, the Preakness, and the Belmont Stakes. During the late 1980s, another significant decline occurred, however.
Thoroughbred tracks exist in about half the states. Public attraction in the sport focuses primarily on major Thoroughbred races such as the American Triple Crown and the Breeder's Cup races (started in 1984), which offer purses of up to about $1,000,000. State racing commissions have sole authority to license participants and approve racing dates, while sharing the appointment of racing officials and the supervision of racing rules with the Jockey Club. The Jockey Club retains authority over the breeding of Thoroughbreds.
About the Author: Keith Driscoll is the owner of Win2Win Racing, and has been a professional gambler for a number of years. The site includes free selections, advice, and an active forum.
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Print Article | Download PDF | 112 views | Mar 08 2007
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