Royal Ascot horse name generator will give your very own horse a name

If you're dreaming of joining the ranks of Dame Judi Dench, Sir Alex Ferguson, and Liz Hurley by owning a winning horse, you'll likely need to conjure up a suitably eccentric name for your steed. This hilarious generator will reveal the perfect name for your thoroughbred.

Regrettably, this tool can't assist with the purchase or housing of such a creature - but it does promise to bestow upon your prospective horse a remarkable moniker. Lottoland is the brains behind the generator, following a survey of 2,000 adults who wager on horses, also commissioned by the company, which revealed that 55 per cent are more spontaneous than strategic when choosing which beast to back.

Almost half (46 per cent) tend to place their bets on horses with names they find humorous, while 28 per cent gamble on those with labels associated with luck or wealth. However, only 11 per cent would characterise their knack for selecting winning horses as 'good'.

The jockey's odds, past triumphs and recent form are other, more tactical, factors people consider when placing their bets. A spokesperson for Lottoland.co.uk, which commissioned the study to mark the launch of its horseracing sportsbook, said: "Racing horse names are completely bonkers, but even so, we look to them more than any other factor when it comes to betting on the races.

"The most memorable names tend to be those who spectators end up placing their bets on who can forget 'MayTheHorseBeWithYou', or every track announcer's favourite, 'ARRRR', from years gone by."

The research, carried out via OnePoll, also revealed that 69 per cent of those surveyed consider betting on horses a bit of fun, regardless of whether they win or lose. As a result, 53 per cent admitted to placing bets without researching the horses, jockeys, or trainers beforehand.

Interestingly, the same percentage revealed they are unlikely to follow any horseraces in the next 12 months - although 16 per cent claim to become somewhat of a racing expert during big racing events. The study, carried out via OnePoll, found 62 per cent have been in person to the races with 54 per cent of those more likely to make impulsive bets there than they would when watching it on TV.

The Grand National, Royal Ascot, and Cheltenham Festival emerged as the events where people are most likely to place a bet, with the average punter placing four bets.

TOP 10 THINGS CONSIDERED WHEN PLACING A BET AT THE RACES.

1. Horse's name - 50 per cent.

2. Odds - 45 per cent.

3. Past successes of the horse - 35 per cent.

4. Recent form - 34 per cent.

5. Gut instinct - 32 per cent.

6. Past successes of the jockey - 24 per cent.

7. Who the trainer is - 23 per cent.

8. Tips from friends - 18 per cent.

9. Weather conditions - 16 per cent.

10. Tips from racing supplements, blogs etc. - 15 per cent.