The history of the horse betting system is more recent than you might imagine, if only because for most the history of horse racing, people have often relied on somewhat random methods for choosing horses. Although betting has been taking place on horse races since Roman times, the modern era began with the codification of horse race rules by the Jockey Club, founded in 1752.

Despite the reforms of the Jockey Club, betting on horse races was still erratic, and very few used an effective horse betting system. On the one hand, bookmakers could not reliably calculate odds to ensure themselves a profit, and on the other, bettors often felt that they were not getting good odds for their money. The more experienced bettors did in fact use extensive records of past horse performances, but not in the way possible today.

After the invention of the parimutuel betting system cleared the way for the development of horse betting, the ways in which people bet on horse races became more sophisticated. Finally, today, with modern horse betting systems that rely on vast amounts of information, it is possible for the bettor to make sophisticated comparisons using weighted factors to assess a horse's likely performance.

No horse betting system guarantees victory; the idea is to gain a statistical edge that when exploited over race after race, yields a consistent profit. For this to work, though, you can't afford to lose out big on the track fees and taxes that take away from your winnings. Try out VIPhorses.com, a top quality online destination for horse betting without the track overhead to meet. Sign up today for the best horse betting online and the most comprehensive betting information!