Horse Racing Crypto Betting Guide

Only noblemen and the rich would have had access to horse racing in the past. It is one of the oldest sports, and although the modes of play have changed over the years, the basic concept remains the same: the horse that finishes first wins.
In simple terms, NFT horse racing is regular horse racing turned into digital horse racing and a form of crypto betting. Like horse racing in real life, horses are bought based on their bloodline and are entered into races where the winning horse owner gets the prize money. However, unlike real horses, you can’t feed or pet virtual racehorses.

Digital horse racing combines cryptocurrency, NFTs, and horse racing mechanics embedded into blockchain technology to create a secure digital ledger that records public transactions. There’s no better feeling than watching your horse pass the finish line first, and in NFT horse race, everyone has a chance. Every day, people buy more and more race horses on Opensea to begin NFT journey or get accustomed with horse betting.

On Zed Run, a blockchain-based game, digital horse races happen around the clock, as everything happens digitally. Zed Run creators call the racehorses “breathing NFTs,” meaning each has a distinctive DNA. A racehorse possesses a bloodline and genes and can pass on genes to its offspring. In the unique game algorithm, no racing horse is the same.

The horses are NFTs (non-fungible tokens), which only exist on the blockchain. These virtual horses aren’t your regular NFTs; usually, you make more money off regular NFTs by collecting and selling NFTs in an open market. However, in NFT horse racing, you make more money by actively using your horses.

You can use the horses to race them or to breed NFT horses. Horses that have won often can become racing heroes, resulting in a higher upside selling potential for the NFT owners. Race entry fees are relatively reasonable, between $2 to $15. Breeding costs are more expensive, but you’re sure to make a significant return on investment once you have enough experience with NFT gambling on Zed Run.

The first thing to know about digital horse racing is the horse’s DNA, which is determined by the bloodline, breed, and genotype. There are 4 bloodlines, each with its own unique traits and characteristics, and breeding two pure; distinct horses create an offspring horse. For instance, two genesis Nakamotos will bear a Legendary breed. Only 38,000 genesis horses will ever be present in the game, and they would be the fastest, purest steeds.

Secondly, the algorithm determines the outcome of the race based on thousands of possible results. In each race, there are 12 participants; the features and rating of the horses are considered before bets are placed. Finally, the race begins, and the algorithm creates 10,000 possible results but chooses only one using blockchain randomization processes. Although it may seem like luck, it is far from random, as horses can improve based on the number of races they’ve participated in before.Lastly, it is essential that you actively use your horses. If you don’t want to participate in race games, you can breed nft with another horse of the opposite sex and start a digital stable. Then, as you learn more, you can enter races with a more straightforward path keeping in mind that the higher your horse’s win rate, the higher the value and the more money you can make.

Although real-world racing is still a thing, NFT racing is fast becoming a trend in the crypto world. They both involve buying, breeding, entering races, and making a significant amount of money. The major differences are that NFT horse racing is more easily accessible for everyone with a cryptocurrency wallet address and is not bound to a specific location. Instead, NFT horse races occur on blockchain platforms – in the metaverse.

Like real-life racing, nft horseracing entails that owners can bet on their horses and win real money. Crypto horse racing is significantly less expensive than racing in the real world; training a real horse will require thousands of dollars. NFT horses have no risk, don’t eat, don’t require bonding, no medical costs, don’t die, and there is a 100% certainty of making profits from digital horse racing.

You can buy an NFT horse from the comfort of your bed, unlike a real horse. If you’re looking to buy Zed Run horses so you can start gambling and, you can find them on Opensea. Follow these steps to understand fully: 

1. Install a new digital wallet – You’ll need a digital cryptocurrency wallet to interact with the Ethereum blockchain, such as Metamask. After topping your Meta wallet with Ethereum, you have to convert to WETH (wrapped Ethereum) since Zed Run is on a layer 2 Ethereum version. 
2. Connect – Go to Zed Run’s website and connect your Metamask wallet to create your digital stable.
3. Searching the market – You could get a thoroughbred from Zed Run in the early days, but now the website rarely drops NFT horses. The next best thing is Opensea, where you can find all the racehorses on sale.
4. You can now purchase racehorse NFTs with your WETH currency.

With more than $30 million in sales of digital horses and $20 million in funding raised, Zen Run’s value has continued to grow in leaps and bounds. As a trickle-down effect of the company’s value, the values of its racehorses have also increased. If you’ve ever wondered how much Zed Run horses are, their prices range from as low as $130 to as high as $45,000. Nakamoto is the rarest and most expensive, while Buterin is the commonest and least expensive. 

For a racehorse to compete in races, it needs to have a class number and each horse has a set nft odds.  There are 6 classes in the Zed universe, and each class is designed to cater to horses with similar racing abilities to maintain a level of fairness. In order of increasing rating: Griffin (unraced), Class 5 (0 – 20), Class 4 (21 – 40), Class 3 (41 – 60), Class 2 (61 – 80), Class 1 (81 and above). A horse cannot enter a race below his class.

When a horse races for the first time, he will enter the free Griffin class race, an entry point that determines your horse’s class. For each horse genotype, there’s a corresponding base rating: 

• Z1 to Z4 – 57
• Z5 to Z9 – 37
• Z10 and above – 17

After the Griffin class race, points are assigned according to the places taken. First place is awarded 4 points, second place receives 3 points, and the points continue to recede until the 12th place. For example, if a Z6 horse finishes in third place, its class rating will be 37 + 2 = 39, which puts the horse in Class 4.

On Zed Run’s website, click on any free gate number and select your eligible racehorse. Each race has a name, class designation, distance, entry fee, and prize money. After 12 gates have been filled with horses, the race will begin, and you can either watch live or go back to replay the race. If your horse finishes in 1st, 2nd, or 3rd position, your winnings will be automatically added to your cryptocurrency wallet.

There’s no doubt that NFT horse racing and horse race betting is here to stay; it has the potential to overpower its real-life horse racing counterpart completely. The advantages of digital horse racing far overwhelm the disadvantages as users are no longer required to physically attend the race track and they can place odds wagering on NFTs from within the metaverse. Surely, everyone should jump on the trend before it’s too late if they seek the excitement of nft odds betting.