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Horse racing alberta (hra), is a private not-for-profit corporation that was established with the alberta governments proclamation of the racing corporation act in 1996.. How to win at horse racing. horse racing is one of the only sports that allow fans to participate in the game directly, through wagering. millions of dollars are bet. Stakes program & bank of america challenge races . horsemen “a” tracks require that a horse(s) must have an official work if they have not raced in the last 45.