Steeplechase (horse racing) the set-weights-and-penalties Hiskens Steeple run at Moonee Valley. The Hiskens is regarded as the Cox Plate of jumps racing. The most famous Australian horse in the field was Crisp, who was narrowly beaten by the champion Red Rum in the 1973 English Grand National. Crisp subsequently beat Red Rum at set weights. More recently Karasi has won the Nakayama Grand Jump, the world's richest jumps race held in Japan, three times. Jumps racing was set to end in Victoria after the 2010 season. In September 2010, having satisfied a limit on the maximum number of deaths among starting horses, hurdle
Betting on horse racing in duty and profits tax, an all-time high. Betting on horse racing Betting on horse racing or horse betting commonly occurs at many horse races. Gamblers can stake money on the final placement of the horses taking part in a race. Gambling on horses is, however, prohibited at some racetracks; one such is Springdale Race Course, home of the nationally renowned Toronto-Dominion Bank (TD Bank) Carolina Cup and Colonial Cup Steeplechase in Camden, South Carolina, where, because of a law passed in 1951, betting is illegal. Where gambling is allowed, most tracks offer parimutuel betting where gamblers' money is pooled