Horse racing defines betting all over the world. From the Royal enclosure to the infield, the owners boxes to the horse boxes, sports fans just love to bet on online horses. Where can you match the excitement of finely tuned thoroughbreds putting their hearts on the line and jockeys putting their lives on the line?

On a late summer evening in 1868, an agreement among sportsmen to stage a special race to commemorate a memorable occasion became the foundation for the middle jewel of racing's Triple Crown, the Preakness Stakes.

Governor Oden Bowie of Maryland, a horsemen and racing entrepreneur, was among the distinguished roster of guests at an elegant dinner party after the races at the Union Hall Hotel in Saratoga given by Milton H. Sanford, who had gained much of his wealth selling blankets during the Civil War. John Hunter of New York proposed that the feast be commemorated by a stake race to be run in the fall of 1870 for three-year old colts and fillies at two miles, to be known as the Dinner Party Stakes in honor of the evening. Bowie electrified the gathering by suggesting a purse of $15,000, a staggering sum in those days.