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Horse Racing is one of the oldest sports and has a fan following in just about every country in the world. Billions of dollars are spent by the worldwide horse racing industry and the sport has continued to grow with each passing year thanks to the increase in media coverage. This is an equestrian performance sport that allows both men and women to compete together. Horse racing rules and formats change base on the different types of tournaments held across the world. Some of the different types of horse racing include flat racing, steeplechasing or jump racing, harness racing and endurance racing.