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Horse racing is a popular sport where riders, or jockeys, take part in races. There is usually betting involved with this sport which is the reason it has risen to be so popular. There are different categories of horse racing including racing that happens on a flat course and racing done over hurdles or fences. Typical horse racing involves horses running at top speed while the rider sits on top with a harness. If you’re interested in placing a bet on a horse, you need to consider the horse’s history as well as the history of the jockey and the trainer to name a few. If you are a fan of horse racing, there are several different events that you can attend throughout the year. While many people think of the Kentucky Derby when they think of horse racing, there are actually many other great events to check out, like the Cheltenham Festival. Crypto sports betting is another thing that has risen in popularity and crypto horse racing is a new and innovative way to experience horse racing. Crypto allows you to place real-time bets with the chance to win digital tokens so if you are interested to learn more, keep reading.
What is crypto horse racing and how does it work?
Many people do not know that there are horse races taking place every day that are powered by cryptocurrency, however, these horses are not tangible; instead, they exist digitally in the form of a nonfungible token or NFT. Each digital horse is unique with no two horses being identical and as a currency holder, you can own, breed, and race your horse for prize money. This unorthodox trend is surprisingly popular and horses have sold for more than $125 000 according to the New York Times. The entry fee for these races ranges from $5 - $50 and this is a very profitable market, hence the popularity. Crypto horse racing is predicted to be the future of horse betting and many people are scrambling to buy NFT horses, some even building their digital stable that displays all their horses which are thoroughbred. Your stable will also display your horse's overall win percentage and you have the option to choose a cool name and logo for your horse/s as well.
The benefits of crypto horse racing
If you’re still a bit skeptical about joining the world of crypto horse racing, you should consider the many benefits that it has to offer. For one, crypto is very safe and secure so you never have to worry about any third-party interference because everything is encrypted with the latest blockchain technology which ensures maximum safety. Buying an NFT racehorse also guarantees that nobody else will have one like yours and that you own a one-of-a-kind digital horse. Crypto horse racing is also very convenient and you can access it at any place and any time as long as you have the right technology and an internet connection. Apart from all of these benefits, the main benefit and the reason that this market has propelled in popularity is the fact that it provides users with an easy and convenient way to make some good money. Cryptocurrency is infamous for building wealth and this is a new and exciting way to do this. You are required to make an initial investment but once you have done that, you can enjoy a return on that investment because you will be able to own, breed, and race your horse as well as sell horses that go for a large sum of money.
How to get started with crypto horse racing
The first thing you need to do is get a digital wallet so that you can deposit money to buy your digital thoroughbred horse. It is important that you keep the seed phrase of your wallet in a secure and safe place and that you do not give it to anyone. The next step is to go to a reputable website and create your digital stable. You then pick your name and logo because this is where your digital horses will be kept as well as their racing data. Once your wallet and stable are connected, you can start shopping around for digital horses which need to be done meticulously and with knowledge and research. It is recommended you start with 2 digital horses instead of 1.
