Horse racing is a sport that features a specialized breed of horses that compete in races around the world. The sport attracts millions of fans, and the participants have a long history of traditions and pageantry. In addition, horse racing is a major source of revenue for the United States. The sport contributes about $36 billion to the country’s economy, and it supports half a million jobs, according to estimates by the American Horse Council. The horse race industry is undergoing changes, however, including a growth in legalized sports gambling.

There are several types of horse races, based on track surface and other conditions. For example, a grass track is suitable for flat races while dirt tracks are better for jumping events. A horse race may also be run in an urban setting or at a farm.

In a horse race, a wager is placed on a runner to win, place, or show. The runner who wins the race receives the Win price, the runner who places gets the Place price, and the runner who shows collects the Show price. A player can also bet on multiple runners in a race by placing an Across the Board bet. The runner who wins the race receives all three prices, the runner who comes in second receives the Place and Show prices, and the runner that finishes third receives the Show price only.

During the race, the horse is guided by a jockey, who is seated on top of the animal and uses a whip to control its speed and direction. The jockey has to pay close attention to the competition, because a mistake can cost the horse the victory. The jockey must also make sure the horse is in good physical condition, as it has to endure a strenuous workout to get ready for the race.

The horse’s feet are protected by a saddle that goes over the horse’s back and is held in place by straps called stirrups. The saddle is made from leather or a synthetic material. It must be fitted properly to the horse or it will cause discomfort and even pain. The saddle also has a pocket for the jockey to store items, including water.

After the horse is saddled, a cloth or pad is put underneath to absorb sweat and prevent friction. The pad can have the horse’s program number or name.

A race is a competitive event where ten or more horses are urged by humans perched on their backs to sprint around treacherous corners and in front of thousands of spectators. The horse race is a cruel spectacle, and the animals must overcome instincts of self-preservation to survive in the face of humans’ fists and whips.

In modern times, horse racing has evolved to reflect the interests and concerns of the fans and the welfare of the horses. From improved track surfaces to advances in veterinary care, the industry is working to safeguard the horses’ health and safety. Animal lovers, however, are still concerned that the sport is unnatural and inhumane to these majestic creatures.