The Different Types Of Racing Systems By: Saul Goodman | - Horse racing systems may possibly be as old as the sport itself. It is not for nothing that racing horses has long been called "the sport of kings" for it takes a lot of money to own horses - and to bet enjoyably on them. Sure it's possible to put down really modest amounts in today's races, but that would be like going to a five-star restaurant just to have a glass of water.