US Horse Racing Betting Online

Orse racing is an ancient sport with a rich history dating back centuries. For as long as horses have been domesticated, people have been rushing them. The tradition continues today, with important horse racing events held regularly around the world.
In the United States specifically, it is possible to find horse racing tracks in most states. And needless to say, where there’s competition, there will be individuals betting on the outcome. Up until recently, all horse racing betting took place at the track. The internet has changed everything and people can just as easily put real money wagers online.
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One of the pleasant things about internet horse racing is that you can bet on races that take place across the country. If you live on the West Coast and want to bet on a race that is happening on the East Coast, there is no problem. Internet gaming brings the action for you.
The best part of all is that it is all legal. Most nations in the united states permit online horse race gambling. So as long as you don’t live in one of the few restricted states, you are able to bet for your heart’s content. You can even watch the races live in your own personal computer and see how the bets pan out in real time.
Of the racebook websites listed on the page, all operate in compliance with the law in the USA. You do not have to visit offshore betting sites to bet on horses. Websites we recommend are all licensed and regulated to conduct business in the US.
The Legality of Online Horse Racing
Online horse racing betting is legal in most states at the United States. Horse and greyhound racing received specific exemptions from anti-gambling prohibition that was passed at the national level in 2006.
A couple of countries have chosen from online horse betting, but many Americans are free to bet on horses all they want. You’re able to see the chart below to get a listing states that let online horse betting, and those that DO NOT allow online wagering. If you live in one of these states, you are going to have to visit a track in person, or use an approved off track centre. Everybody else is welcome to join and wager at licensed and controlled online racebooks.
Why is online horse racing betting legal in the United States?
Online gambling law is murky and convoluted, but the general agreement is that most types of gambling, betting and gambling are outlawed. The Wire Act of 1961 was utilized as the basis for anti-gambling authorities, and then the UIGEA of 2006 farther reinforced that line of thought.
Horse racing particularly has got two noteworthy exceptions in federal law. First was the Interstate Horseracing Act of 1978 (IHA). Even though the IHA was composed well before the arrival of the world wide web, it has played an instrumental role in giving us valid online horse racing betting now.
In short, the IHA made it legal to put interstate wagers on horse races as long as these gambling is allowed in both states. This piece of legislation is the reason off-track betting parlors (OTBs) located in one state may take wagers on races taking place at a different state. Back when the IHA was written, it had been with OTBs in your mind.
Legislators upgraded the Interstate Horseracing Act in 2000 using a minor change to the definition of an”interstate off-track wager” to include the words”or other digital media.” This opened the door for legal online horse racing gambling.
The second major exemption for horse racing came in 2006. That year, Congress passed the Unlawful Internet Gambling Enforcement Act (UIGEA) in an effort to crack down on illegal online gaming. The UIGEA basically made it illegal for banks and other financial entities to do business with offshore gaming sites. This didn’t technically make it illegal to citizens to place bets online, but it rather made it rather difficult to move money to and from betting sites.
But, horse and greyhound racing obtained specific exemptions from the UIGEA. It ended up being a bit of a controversy at the moment, but several senators were able to ensure carve-outs for racing gambling. This set up the frame for the system we have today: legal online horse betting.
The only catch is that the person states were given the choice to”opt out” of online horse racing. Several states took that route and also the citizens of these states are not allowed to join or place wagers at horse gambling sites. The fantastic news is that only a few states made a decision to opt out.
How Horse Racing Betting Works
This is the primer guide for actually placing bets on horse races. The bets outlined below could be placed both in-person and on the internet. The very best way to begin is to test out some of the fundamental bets . As you become comfortable with how it all works, you can advance up to more complicated wagers.
Before we get into every kind of bet, I’d like to give you a general overview of how the gambling system works with horses. Horse wagering is classified as a kind of”parimutuel wagering.” This is a bit different than sports gambling, so read closely if you are new to horse betting.
In parimutuel betting, all bets on a specific race are pooled together. The racetrack then sets aside a percentage of the pool to maintain for its own income and operating expenses. This is known as the”vig.” This system makes sure that the racetrack gets its cash whatever the outcome.
The percentage taken out of the pool varies based on the path and type of bet set. Usually, you can expect to see a vig of anywhere from 15% to 30 percent.
After the vig is removed, the remaining portion of the cash from the swimming pool is used to pay the winners out. The payouts at a horse race shift constantly up until the start of the race. As new wagers are accumulated, the offered payouts vary into account for the newest betting action.
This is why preferred horses offer lower premiums. More people have a tendency to wager on the favorite, so when the preferred wins, the section of the pool delegated to this horse has to be split up among more individuals. If a longshot horse wins, there are inclined to be fewer people financing that horse, therefore each individual accumulates more winnings.
Types of Bets
There are all types of different bets which can be put on a single race. The general rule is the harder the bet is to win, the greater it pays. By way of instance, a straight bet on a single horse to acquire pays fairly well, but a bet on exactly the finishing order of the top 3 horses pays much better.
Here are the most common Kinds of horse bets:
Straight Bets
There are three distinct types of bets that are straight. These wagers are fairly simple and behave as a good starting point for novices.
Win: This is a wager on a single horse to take 1st Location Place: A bet on a single horse to shoot either 1st or 2nd place Prove: A bet on a single location to take 1st, 2nd or 3rd place Exotic Bets
Exotic bets are somewhat more complicated than direct bets. Within an exotic wager, you make multiple picks that include more than 1 horse and perhaps more than 1 race.
Exacta: A bet on two horses to take 1st and 2nd location. Your horses must finish in that Specific order to acquire Quinella: A bet on two horses to take 1st and 2nd but the arrangement doesn’t matter
Trifecta: A wager on three horses to take 1st, 2nd and 3rd place in that exact sequence Superfecta: A bet on four horses to take 1st, 2nd, 3rd and 4th place in that Specific sequence Daily Double: A wager in which you pick the 1st place finishers of two Distinct races
Select 3: A bet where you pick the 1st place finishers of three consecutive races
Pick 4: A wager where you pick the 1st place finishers of four consecutive races Boxing Horses
Boxing comes in handy once you know that a few horses are solid favorites, but are not sure which order they will finish. You can”box” these horses to cover every chance.
Quinella Box: You select three horses and you’ll win if any two of these horses finish in 1st and 2nd place. A quinella box horses #3, #4 and #5 will cover all possible results: 3-4, 3-5, 4-3, 4-5, 5-3 and 5-4.
You can also box exactas, trifectas and superfectas in this manner.
Keying Horses
You can key horses whenever you have a strong feeling that a horse will finish first but you are not as sure about the horses which can take 2nd and 3rd location. In other words, you have one”key” horse picked to win the race and a few other horses which will come in after that one.
So let’s say you make a $1 trifecta key of #1 over #2, #3 and #4. In this example, you need the #1 horse to win, then any of the other three horses to finish in 2nd and 3rd place in no particular order.
Getting Started
Now that you have a grip on the fundamentals of horse betting, you can apply that knowledge to betting online. In practice, it’s basically the exact same idea. The sole difference is that rather than speaking to a cashier in the racetrack, you select your wagers onscreen using your mouse and keyboard.
1. Produce and Fund Your Betting Account
The very first thing you are going to have to do to wager on the internet is register for an account at an authorized horse racing site (see my three picks close to the top of the page). All you have to do is visit the race betting site of your selection, click one of those big”join now” buttons and fill out the new account form. It should be quite self-explanatory.
The next step is to fund your accounts. You do that by logging in to your account at your betting site and then hitting the”deposit” link in your account area. If you have never created a deposit before, you’ll probably receive a pop-up requesting you to deposit.
Then, you can choose from a number of deposit methods:
Wire transfer
Credit cards and debit cards
Check or money order
E-Check
Green Dot Moneypak
Note: The Green Dot Moneypak is a form of prepaid coupon which you are able to buy at stores such as Wal Mart and Walgreens. You pay money for your own Moneypak and then redeem that Moneypak online by typing in the special number on the back of the card. Basically, it’s an easy way to finance your account with cash.
2. Place Your Bets
After you have an account funded with money, you can start placing your wagers. Click on the”bet now” button and this will take you to a region which shows a listing of all of the monitors supported by your betting site. Click the name of a track and you’ll see a list of upcoming races along with also the horses competing in each race.
Every gambling site does it a little differently but in general, you will see a screen which lets you pick your wager amount, the sort of wager and the horses that will be competing. As you make your selections, you should see a bit slip that shows a summary of your current bet. You will also have the option to box and key that your horses in this moment.
When you believe you’ve got your bet all set up, you will see a”verify” or”submit” button close to the wager outline box. Hit that button and it will ask you one more time if you’re convinced this is your bet you would like to place. If everything looks good, click on the confirm button and your bet will probably go live.
After you submit your wager, you can return and place more wagers, see the race live on the site or go about your day as usual. The website will monitor your bet and pay out your winnings if applicable. If some of your wagers are winners, the betting site will instantly credit your account with all the cash. You can then cash out your winnings or utilize them to put additional wagers.
Betting Promotions
The best horse betting sites compete heavily with one another for your enterprise. They all know it will not require much effort whatsoever for a client to switch to a competitor. Thus, all of them offer their own rewards programs and promotions in an attempt to increase customer loyalty.
You won’t go wrong with any of the horse betting sites on this webpage, but you might want to check out their promotions to see which ones look the best for you. Here’s a look at what each gaming website must offer:
BetAmerica.com Promos
Right off the bat, BetAmerica gives all new clients a 100% match deposit bonus worth up to $300. It follows that any amount you deposit will be doubled for up to $300 in additional money. The bonus cash is released at a speed equivalent to 10% of every wager you place at BetAmerica.
BetAmerica additionally allows players to make their own betting tournaments. This is a exceptional idea in which you can create your own handicapping championship where you define the buyin, demanded bankroll, bet types, payouts and date. You can then invite your friends or let anybody connect. BetAmerica also chooses one tournament weekly and promises at least $250 in prizes for free.
On selected”bonus tracks,” BetAmerica provides 3% cashback on all wagers, without the maximum cashback figures. You can also refer friends to BetAmerica and get $50 if your friends register and make a deposit.
BetAmerica.com Review.
TwinSpires.com Promos
TwinSpires takes a slightly different approach using its promos. Rather than focusing on long-term promos that rarely change, TwinSpires constantly releases fresh, short-term promotions. All these promos revolve around special betting events in which you can 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 engaging in the frequent promos mentioned previously. You can redeem those points for wagering credits, gifts from Brisnet.com and for free entry to racetracks.
Furthermore, new customers are welcomed to TwinSpires using a $100 signup bonus. This bonus is granted when you sign up, make a digital banking deposit and wager at least $500 during your first month. Meet those requirements and you’ll receive $100 added to your betting account.
Twinspires.com Review.
TVG.com Promos
TVG is a little weak on the other hand, but it does offer a couple of perks to customers. All new players qualify for a 150 signup bonus that’s released in $50 increments right to the real money account. For the first three months, you will get $50 added to your balance should you bet at least $250 in any single month.
TVG also has an ongoing advertising where you earn 1 point for every dollar wagered. As time passes, you will accumulate these points and can finally redeem them for money rewards and Skymall present certificates. The rate of return is a little on the low side, but it does come in handy after a couple of months of heavy betting.
TVG.com Review.
Major Horse Racing Events
People bet money on horses 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 every racehorse.
The pinnacle of horse racing glory would be to win all 3 occasions in the Triple Crown. It’s exceedingly tough to win a Triple Crown since every race is of a different length, and horses generally fare better in some lengths than at others. Add to that the fact which every horse only gets one opportunity ever to win, and you may imagine that it does not happen frequently. In the United States, only 11 horses have earned Triple Crown glory.
And just to clarify a thing — that the expression”Triple Crown” means different things in various countries. Every horse racing country has its Triple Crown series of events. Therefore, in the event that you overhear someone talking about the Triple Crown and they cite that the Epsom Derby, this individual is speaking about the UK’s variant.
The following three events that make up the Triple Crown in the USA are:
Kentucky Derby
Preakness Stakes
Belmont Stakes
Kentucky Derby
When: First Saturday in May
Where: Louisville, Kentucky
Length: 1.25 miles
The first event in the show, the Kentucky Derby, is the one most celebrated event in all of horse racing. It is held at Churchill Downs every year since 1875 and even non-horse racing enthusiasts dress up in flashy clothes and outlandish hats to observe. Even if you can’t make it to Churchill Downs, the odds are you can get a Kentucky Derby party in your own city.
Preakness Stakes
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 does not draw much of a crowd as the Kentucky Derby, but it is still a huge event in its own right. Additionally, this is where you’ll begin to find some of the drama that comes with the chance of a Triple Crown. All eyes are on the winner of the Kentucky Derby.
Belmont Stakes
After: Three months 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 run three weeks after the Preakness and ranks somewhere in the top 5 with regard to attendance and viewership. But this race becomes the biggest of them all whenever there’s a horse that has taken 1st in the Kentucky Derby and Preakness Stakes, providing that horse a shot in the coveted Triple Crown title.
Kentucky Oaks
The Kentucky Oaks is held on the Friday prior to the Kentucky Derby annually in the same racetrack in Louisville. The Kentucky Oaks is an extremely common race which regularly attracts a crowd of 100,000. The winner gets a $600,000 purse and the famed garland of lilies called the Lilies for the Fillies.
Breeders’ Cup
The Breeders’ Cup is a set of 14 races held over a single weekend every November. This event is generally held at a different track in the USA annually. It’s one of the most-watched events in horse racing, with over $25,000,000 in prize money up for grabs.
The biggest 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 the show is worth $500,000; each other event is worth $1 million or more.
Travers Stakes
The Travers Stakes is the oldest thoroughbred racing event in the USA and is currently 1.25 kilometers in length. The race is open to 3-year-olds just and contains a purse worth $1,000,000. Only one horse in background (Whirlaway in 1941) has ever taken the Triple Crown and the Travers Stakes.
Big Players in the Industry
This segment will cover some of the huge players in the US horse racing market. More specifically, we will discuss some of the major betting websites and explain how they fit into the large picture.
TVG and Betfair
TVG is short for the”Television Games Network” and it’s a television network dedicated entirely to horse racing. It started broadcasting in 1999 and has become the largest horse racing network in the USA. TVG also facilitates offtrack betting via the internet, phone and at times even via boxtop sets on your tv.
The television portion of TVG displays live horse races, analyses, gaming tips along with other applications that cover the broad subject of horse racing. TVG also operates a US-based website that you can visit to watch live races and place wagers on your PC.
In 2009, TVG was purchased by Betfair, a UK-based gaming site based in 2004. Betfair is best known for its exchange-style gaming platform where people can buy and sell”shares” in positions on sports bets. This way, gambling at Betfair is similar to trading choices.
Betfair doesn’t do business with customers in the USA, but it retains TVG residing as a separate entity. You probably won’t find any references to Betfair when you see TVG, but Betfair does possess the provider.
TwinSpires
TwinSpires is a US-based horse betting website owned and operated by Churchill Downs. TwinSpires is open to customers in the United States and provides betting options on paths around the country. It’s a free-to-use service which offers a vast selection of wagers, live races and signup bonuses for new customers.
TwinSpires is one of the largest horse racing betting websites and includes a clean history. If you decide to wager here, you’re going to be in good hands. The company is licensed to accept and handle real cash betting in the US.
BetAmerica.com
BetAmerica.com is the youngest horse racing game bet site but it has grown quickly and now acts as a significant player in the online gaming marketplace. BetAmerica is licensed 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 offers many different racing wagers, live streaming video along with simulcast selections for all members free of charge. What makes BetAmerica unique is that it provides online greyhound betting along with its own horse racing choices.
Online Horse Racing Gambling in a Declining Industry
Major horse racing events draw remarkable crowds to the day, but the sport as a whole has experienced a slow, steady decrease over the past few decades. Betting handle is down considerably since the 1970s and many horse racing tracks are suffering financially.
You can point to many different reasons for the decline. Americans have more gambling options, other sports have grown in popularity, so it’s easier to sit at home and watch TV and so on. Now, you can find the public to tune into the Kentucky Derby, but other races are generally the domain of serious horse racing fans.
Racetracks first looked into incorporating other gambling games to their premises as a way to bump up earnings. We can observe this with state legislatures finally opening to the idea of ontrack slot machines. The tracks which have managed to add slots have benefitted significantly from the new earnings.
Likewise, monitors are based increasingly more on off-track gambling — especially internet betting. The horse racing sector still retains substantial clout in politics, and that’s probably one reason why horse racing obtained a carve-out in the UIGEA in 2006.
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