Cranbourne has a horse racing club, the Cranbourne Turf Club, which schedules around 22 race meetings a year including the Cranbourne Cup meeting in October.
Hector, was an important Arabian horse that was imported to Australia c.1803 and whose bloodlines have survived in Australian Thoroughbred pedigrees.
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The two forms of Thoroughbred horseracing in Australia are flat racing, and races over fences or hurdles in Victoria and South Australia.
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In 1913 one of the major developments in race wagering, the automatic totalisator, which allowed the automatic calculation of race odds given betting patterns, was invented in Australia by George Julius (later Sir).
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Manangatang has a horse racing club, the Manangatang Racing Club, which holds one race meeting a year, the Manangatang Cup meeting on Caulfield Guineas day in October.