What animal is shipped all over the world and costs millions of dollars to buy and race? This animal is a horse. People all over love to watch the animals race and compete. People will blow hole millions to buy a fine thoroughbred race horse. Horse racing started way back in 1665 when the first race track was created in rhode island. Most tracks run just over a mile. The longest track is 1 ½ miles in baltimore maryland. Horse racing works by allowance races. Allowance races are conditions set in order for the horse to qualify for the next race. Betting is a huge part of horse racing. There are many different types of betting in horse racing. Betting odds allow you to calculate how much money you will win if you place a bet. 9/1 for every