US Horse Racing Betting Online
Orse racing is an ancient game with a rich history dating back centuries. As long as horses have been domesticated, folks have been rushing them. The tradition continues today, with major horse racing events held regularly around the world.
In the United States in particular, you can find horse racing tracks in most states. And of course, where there’s competition, there’ll be people gambling on the result. Up until recently, all horse racing gambling took place at the track. The internet has changed everything and now people can just as easily put real money wagers online.
$20 Free + 100% up to $100
18/21+ to Play, T&Cs Apply Inspection PLAY NOW
100% up to $100
18/21+ to Play, T&Cs Employ Inspection PLAY NOW
Wager $500, Get $100
18/21+ to Perform, T&Cs Employ Review PLAY NOW
One of the nice things about online horse racing is that you can bet on races that take place around the nation. If you live on the West Coast and need to wager on a race that is taking place on the East Coast, that’s no problem. Internet gaming brings the action to you.
The very best aspect of all is that it’s all legal. Most nations in the USA allow online horse race gambling. So as long as you do not live in one of the few restricted states, you are able to bet for your heart’s content. You can even see the races live in your personal computer and see how the stakes pan out in real time.
Of the racebook sites listed on the page, all function in accordance with the legislation in the USA. You do not have to see offshore gambling sites to bet on horses. Sites we recommend are licensed and controlled to do business in the US.
The Legality of Online Horse Racing
Online horse racing gambling is legal in most states at the USA. Horse and greyhound racing both received particular exemptions from anti-gambling prohibition that was passed at the federal level in 2006.
A few countries have chosen from online horse betting, but many Americans are free to wager on horses they all desire. You’re able to see the graph below to get a listing states that let online horse betting, and those that DO NOT enable online wagering. If you reside in one of these countries, you’ll have to pay a visit to a track in person, or use an approved off track facility. Everybody else is welcome to join up and wager at licensed and regulated online racebooks.
What’s online horse racing gambling legal in the USA?
Online gambling law is murky and convoluted, but the general agreement is that almost all forms of gambling, betting and poker are outlawed. The Wire Act of 1961 was used as the basis for anti-gambling authorities, and the UIGEA of 2006 farther reinforced that line of thought.
Horse racing particularly has got two noteworthy exceptions in national law. First was that the Interstate Horseracing Act of 1978 (IHA). Even though the IHA was written well before the advent of the internet, it has played an instrumental role in giving us valid online horse racing betting now.
Simply speaking, the IHA made it lawful to put interstate wagers on horse races as long as such betting is permitted in both states. This piece of legislation is why off-track betting parlors (OTBs) located in one state may take wagers on races occurring at another nation. Back after the IHA was composed, it was with OTBs in your mind.
Legislators upgraded the Interstate Horseracing Act in 2000 using a slight change to the definition of an»interstate off-track wager» to incorporate the words»or other electronic media.» This opened the door for authorized online horse racing betting.
The second major exemption for horse racing arrived in 2006. That year, Congress passed the Unlawful Internet Gambling Enforcement Act (UIGEA) in a bid to crack down on illegal online gaming. The UIGEA basically made it illegal for banks and other financial issues to do business with offshore gambling websites. This didn’t technically make it illegal to citizens to place bets on the internet, but it rather made it rather hard to move money to and from betting websites.
However, horse and greyhound racing obtained specific exemptions in the UIGEA. It ended up being a small controversy at the time, but several senators managed to make sure carve-outs for racing gambling. This setup the framework for your system we have today: valid online horse gambling.
The only catch is that the individual states were given the choice to»opt out» of online horse racing. Several nations took that path and the citizens of these states aren’t allowed to join or place wagers at horse gambling websites. The fantastic thing is that only a small number of states made a decision to determine.
The Way Horse Racing Betting Works
This is the primer manual for actually putting bets on horse races. The bets outlined below could be placed both in-person and online. The very best way to begin would be to try out a number of the fundamental bets first. As you become familiar with how it works, you can advance up to more complex wagers.
Before we get into every kind of wager, I’d love to give you a general summary of how the betting system functions with horses. Horse wagering is classified as a form of»parimutuel wagering.» This is a little different than sports betting, so read carefully if you are new to horse betting.
In parimutuel betting, all bets on a specific race are pooled together. The racetrack subsequently sets aside a proportion of the pool to keep for its own income and operating expenses. This is called the»vig.» This system ensures that the racetrack earns its money whatever the outcome.
The percentage taken out of the pool fluctuates depending on the track and variety of bet placed. Usually, you can expect to see a vig of anywhere from 15% to 30 percent.
After the vig is removed, the rest of the money in the swimming pool is used to pay out the winners. The payouts at a horse race shift constantly up before the beginning of the race. As fresh wagers are collected, the offered payouts change to account for the newest gambling action.
That is why preferred horses offer lower premiums. More people tend to wager on the favorite, therefore when the favorite wins, the portion of the pool assigned to this horse has to be split up among more individuals. If a longshot horse wins, there are inclined to be fewer individuals backing that horse, so every person accumulates additional winnings.
Kinds of Bets
There are all kinds of different bets that may be placed on a single race. The rule of thumb is that the harder the bet will be to triumph, the higher it pays. For example, a right bet on a single horse to win pays fairly well, but a bet on exactly the finishing order of the top 3 horses pays even better.
Here are the most common Kinds of horse bets:
There are three different types of bets that are straight. These wagers are pretty simple and act as a good starting point for newbies.
Win: This is a wager on a single horse to take 1st Location Place: A bet on a single horse to take either 1st or 2nd place Show: A bet on a single location to take 1st, 2nd or 3rd Location Exotic Bets
Exotic bets are more complicated than straight bets. Within an exotic bet, you create several selections which include more than 1 horse and perhaps even more than 1 race.
Exacta: A bet on two horses to take 1st and 2nd place. Your horses must finish in this Specific order to win Quinella: A bet on two horses to take 1st and 2nd but the arrangement doesn’t matter
Trifecta: A bet on three horses to take 1st, 2nd and 3rd place in that exact order Superfecta: A bet on four horses to take 1st, 2nd, 3rd and 4th place in that exact order Daily Double: A bet where you pick the 1st place finishers of two different races
Select 3: A wager in which you pick the 1st place finishers of three consecutive races
Pick 4: A wager in which you pick the 1st place finishers of four successive races. Boxing Horses
Boxing is useful when you understand a few horses are strong favorites, but are not sure which order they will finish. You can»box» these horses to cover every chance.
Quinella Box: You pick three horses and you’ll win if any two of those horses finish in 1st and 2nd location. A quinella box horses #3, #4 and #5 would cover all probable outcomes: 3-4, 3-5, 4-3, 4-5, 5-3 and 5-4.
You could also box exactas, trifectas and superfectas in this manner.
It is possible to key horses whenever you have a strong feeling that one horse will finish first but you are not as sure about the horses which will take 2nd and 3rd location. In other words, you’ve got one»key» horse picked to win the race along with some other horses which will come in later that one.
So let’s say you make a $1 trifecta key of #1 on #2, #3 and #4. In this example, you need the #1 horse to win, and then some of those other three horses to finish in 2nd and 3rd place in no specific order.
Now that you have a grip on the fundamentals of horse betting, you are able to apply that knowledge to gambling on the internet. In practice, it’s essentially the same idea. The only difference is that instead of speaking to a cashier at the racetrack, you select your wagers onscreen with your mouse and keyboard.
1. Produce and Fund Your Betting Account
The first thing you’ll have to do to bet on the internet is sign up for an account in an authorized horse racing website (see my three picks near the top of this page). All you need to do is visit the race gambling site of your selection, click a few of those large»join now» buttons and complete the new account type. It needs to be quite self-explanatory.
The next step is to fund your account. You do this by logging into your account in your gambling site and then hitting the»deposit» link on your account area. If you have never made a deposit before, you’re likely going to receive a pop-up asking you to deposit.
Then, you can Pick from a number of deposit methods:
Credit cards and debit cards
Check or money order
Green Dot Moneypak
Note: The Green Dot Moneypak is a form of prepaid voucher which you can purchase at stores such as Wal Mart and Walgreens. You pay money for the Moneypak and then redeem that Moneypak on line by typing from the special number on the back of the card. Essentially, it’s a simple way to fund your account with cash.
2. Place Your Bets
After you have an account financed with money, you can begin putting your wagers. Click on the»bet today» button and this will take you to an area that shows a list of all of the tracks supported by your betting site. Click on the name of a track and you’ll see a listing of upcoming races and also the horses competing in every race.
Every betting site does it somewhat differently but in general, you will find a screen which lets you pick your wager amount, the sort of bet and the horses that will be competing. As you make your choices, you should observe a bit slip that shows a list of your current bet. You will also have the choice to box and key that your horses in this time.
When you believe you have your wager all setup, you will see a»confirm» or»submit» button close to the bet outline box. Hit that button and then it will ask you one more time if you are convinced that this is the bet you would like to place. If everything looks good, click on the confirm button and your bet will go live.
When you submit your wager, you can return and place more wagers, see the race live on the website or go about your day as usual. The website will monitor your wager and pay out your winnings if applicable. If any of your wagers are winners, the gambling site will instantly credit your account with all the money. You can then cash your winnings out or utilize them to place additional wagers.
The very best horse gambling websites compete heavily with one another for your enterprise. They all know it will not require much effort whatsoever for a customer to switch to a rival. Thus, all of them offer their own rewards programs and promotions in an attempt to boost customer loyalty.
You won’t go wrong with some of the horse gambling sites on this page, but you may want to check out their promotions to see which ones look the best for you. Here’s a look at what each gaming website has to offer:
Right off the bat, BetAmerica provides all new customers a 100% match deposit bonus worth up to $300. This means that any amount you deposit will probably be accounted for up to $300 in extra cash. The bonus money is published at a rate equivalent to 10% of each bet you place at BetAmerica.
BetAmerica additionally allows players to make their own betting tournaments. This is a unique idea in which you can create your own handicapping tournament where you specify the buyin, required bankroll, wager types, payouts and date. You may then invite your friends or let anyone join. BetAmerica also picks one tournament every week and promises at least $250 in prizes for free.
On chosen»bonus tracks,» BetAmerica offers 3% cashback on all wagers, with no maximum cashback amounts. You might even refer friends to BetAmerica and get $50 if your friends sign up and make a deposit.
TwinSpires takes a slightly different approach using its promos. Rather than focusing on long-term promos that rarely change, TwinSpires always releases new, short-term promotions. All these promos revolve around specific betting events in which you are able to earn more loyalty points and get payout bonuses for placing bets on large racing events.
Player points are racked up at TwinSpires by placing wagers and participating in the frequent promos mentioned above. You can redeem these points for wagering credits, gifts from Brisnet.com and for free entry to racetracks.
Additionally, new customers are welcomed to TwinSpires using a $100 signup bonus. This bonus is granted when you join, make an electronic banking deposit and wager at least $500 during your first month. Meet those requirements and you will receive $100 added to your betting account.
TVG is somewhat weak on the other hand, but it does offer a few perks to clients. All new players qualify for a $150 signup bonus that is released in $50 increments right to the actual money account. For the first three months, you’ll receive $50 added to your balance should you wager at least $250 in any single month.
TVG also has an ongoing advertising in which you earn 1 point for each dollar wagered. Over time, you may collect these points and can eventually redeem them for money rewards and Skymall present certificates. The rate of return is a bit on the low side, however, it does come in handy after a few months of heavy betting.
Major Horse Racing Events
People today bet money on horses year-round, but a big part of betting action revolves around major horse racing events.
The Triple Crown
The Triple Crown of Thoroughbred Racing (Triple Crown for short) is a pair of three unique races. This really is the biggest racing event of them all and it’s restricted specifically to 3-year-old horses. That makes it a once-in-a-lifetime occasion for each and every racehorse.
The pinnacle of horse racing glory would be to win all 3 occasions in the Triple Crown. It’s exceedingly difficult to win a Triple Crown since each race is of a different length, and horses typically fare better at some lengths than at others. Add to that the fact which each and every horse only gets one opportunity ever to triumph, and you can imagine that it doesn’t happen frequently. In the USA, only 11 horses have earned Triple Crown glory.
And just to clarify something — that the expression»Triple Crown» means different things in different countries. Every horse racing nation has its Triple Crown series of events. So if you overhear someone talking about the Triple Crown and they mention that the Epsom Derby, this individual is speaking about the UK’s version.
The following three events that make up the Triple Crown in the United States are:
When: First Saturday in May
Where: Louisville, Kentucky
Length: 1.25 miles
The very first event in the show, the Kentucky Derby, is the single most celebrated event in most of horse racing. It’s held at Churchill Downs annually since 1875 and even non-horse racing enthusiasts dress up in flashy clothes and eccentric hats to celebrate. Even in the event that you can’t make it into Churchill Downs, the odds are you can find a Kentucky Derby party in your own city.
When: Third Saturday in May
Where: Baltimore, Maryland
Length: 9.5 furlongs (1 and 3/16ths kilometers )
Following the Kentucky Derby comes the Preakness. This one doesn’t draw as much of a crowd as the Kentucky Derby, but it is still a massive event in its own right. Additionally, this is where you’ll begin to see some of the play that accompanies the possibility of a Triple Crown. All eyes are on the winner of the Kentucky Derby.
When: Three weeks after the Preakness
Where: Elmont, New York
Length: 1.5 miles
And the last leg of the Triple Crown is that the Belmont Stakes. At 1.5 miles long, this is the longest race in the sequence. This one is conducted three weeks after the Preakness and ranks somewhere in the top 5 with regard to attendance and viewership. However, this race becomes the largest of them whenever there’s a horse that has taken 1st at the Kentucky Derby and Preakness Stakes, providing that horse a shot in the coveted Triple Crown title.
The Kentucky Oaks is held on the Friday before the Kentucky Derby each year in the Exact Same racetrack in Louisville. The Kentucky Oaks is an extremely popular race which regularly attracts a crowd of 100,000. The winner has a $600,000 purse and the famed garland of lilies known as the Lilies for the Fillies.
The Breeders’ Cup is a series of 14 races held over one weekend each November. This event is usually held at a different track in the USA annually. It’s among those most-watched events in horse racing, with over $25,000,000 in prize money up for grabs.
The largest event in the Breeders’ Cup is the Breeders’ Cup Classic, which will be a 1.25 mile race worth $5,000,000. The smallest event in this show is currently worth $500,000; every other occasion is worth $1 million or more.
The Travers Stakes is the oldest thoroughbred racing event in the United States and is currently 1.25 kilometers in length. The race is open to 3-year-olds only and has a handbag worth $1,000,000. Just 1 horse in background (Whirlaway in 1941) has ever taken the Triple Crown and the Travers Stakes.
Big Players in the Industry
This section will cover a number of the huge players in the US horse racing market. More specifically, we will go over some of the major betting sites and clarify how they all fit into the large picture.
TVG and Betfair
TVG is short for the»Television Games Network» and it is a television network devoted solely to horse racing. It started broadcasting in 1999 and is now the largest horse racing community in the USA. TVG also facilitates offtrack betting via the world wide web, phone and at times even via boxtop sets on your tv.
The television part of TVG displays live horse races, investigations, betting tips and other applications that cover the broad subject of horse racing. TVG also functions a US-based site which you can see to see live races and place wagers in your own computer.
In 2009, TVG was purchased by Betfair, a UK-based gaming site based in 2004. Betfair is famous for its exchange-style gaming platform in which people can buy and sell»shares» in places online sports bets. In this manner, gambling at Betfair is very similar to trading options.
Betfair does not do business with clients in the USA, but it retains TVG alive as a separate entity. You probably won’t see any references to Betfair if you see TVG, but Betfair does own the company.
TwinSpires is a US-based horse gaming site owned and operated by Churchill Downs. TwinSpires is open to clients from the USA and supplies betting options on paths across the country. It is a free-to-use service which offers a wide range of wagers, live races and signup bonuses to get new customers.
TwinSpires is one of the biggest horse racing betting sites and includes a clean history. In case you choose to wager here, you’re going to be in good hands. The business is licensed to take and manage real cash betting in the united states.
BetAmerica.com is your youngest horse racing bet site but it has grown rapidly and now acts as a substantial player in the online betting market. BetAmerica is accredited by the North Dakota Racing Commission and accepts wagers from customers in many US states.
Like the other race gambling sites on this page, BetAmerica delivers a variety of racing wagers, live streaming video and simulcast selections for all members free of charge. Why is BetAmerica unique is that it offers online greyhound betting in addition to its own horse racing choices.
Online Horse Racing Betting in a Declining Industry
Major horse racing events draw impressive audiences to this day, however, the sport as a whole has undergone a slow, steady decline over the last couple of decades. Betting handle is down considerably since the 1970s and many horse racing tracks are suffering financially.
You are able to point to many different reasons for the decline. Americans have more gaming options, other sports have grown in popularity, it is easier to sit at home and watch TV and so forth. Today, you can get the general public to tune in to the Kentucky Derby, but other races tend to be the domain of serious horse racing lovers.
Racetracks first looked into adding other gaming games to their premises as a way to bulge earnings. We can see this with state legislatures finally opening to the idea of all ontrack slot machines. The paths which have managed to add slots have benefitted greatly from the new earnings.
Likewise, monitors are based increasingly more on off-track betting — especially internet betting. The horse racing industry still holds substantial clout in politics, and that is probably 1 reason why horse racing received a carve-out from the UIGEA at 2006.
Read more: https://newyorknews.press/mma-ufc-odds/