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A gross profit tax is levied on all UK based bookmakers which is payable to the exchequer, and a separate sum is agreed and collected by the Horserace Betting Levy Board, a non-departmental public body of the Department for Culture, Media and Sport, who use the funds for race prize money and the improvement of horse racing. [51]
The distances of the races are expressed in miles, furlongs and yards. In 2017 the BHA concluded a racecourse survey and remeasurement which led to some racecourses changing the exact distance of some races, or moving race start points to fit with advertised race distances. [1]
Timeform is a sports data and content provider located in Halifax, West Yorkshire, England. Founded in 1948, it provides systematic information on form to punters and others involved in the horse racing industry. The company was purchased by the sports betting exchange Betfair in December 2006.
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A National Hunt (NH) Pattern of important races was first recognized in 1964 when the Horserace Betting Levy Board made a grant of £64,000 to fund a "prestige race allocation" split between the Cheltenham Gold Cup, Champion Hurdle and Grand National.
Highflyer, who was champion sire 13 times. The title of champion, or leading, sire of racehorses in Great Britain and Ireland is awarded to the stallion whose offspring have won the most prize money in Britain and Ireland during the flat racing season.
As an umbrella body, the purpose of the federation is the steering of equestrianism in Britain. Together with the British Horseracing Authority and the Thoroughbred Breeders Association, the federation forms the British Horse Industry Confederation.
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