The phrase “balanced anesthesia” refers to the coadministration of several different drugs to produce an “ideal” anesthetic state, which implies adequate hypnosis, analgesia, muscle relaxation, and relief from stress. This technique of general anesthesia is based on the idea that the administration of a mixture of small amounts of several drugs makes it possible to combine their advantages while avoiding their disadvantages. Such a mixture usually consists of inhalant and injectable drugs. Balanced anesthetic techniques for horses aim mainly at maintaining good intraoperative cardiopulmonary function followed by calm and coordinated recovery. This can be achieved only by supplementing inhalational anesthesia with injectable agents so as to reduce the dose of anesthetic gases needed, improve cardiorespiratory functions and facilitate the recovery phase. The following article gives an overview of anesthesia techniques in horses involving inhalation anesthesia in combination with infusion agents.