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US Horse Racing Betting Online

Orse racing is an ancient sport with a rich history dating back thousands of years. For 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 globe.
In the United States in particular, you can find horse racing tracks in most states. And of course, where there is competition, there will be people betting on the result. Up until recently, all horse racing gambling happened in the monitor. The world wide web has changed everything and people can just as easily put real money wagers online.
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One of the nice things about internet horse racing is that you are able to bet on races that happen around the country. If you reside on the West Coast and want to bet on a race that’s taking place on the East Coast, that’s no issue. Internet betting brings the action to you.
The best aspect of all is the fact that it is all legal. Most nations in the USA permit online horse race betting. So as long as you do not live in one of those few restricted states, you can bet for your heart’s content. You can even see the races live on your own 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 law in the USA. You do not need to see offshore betting sites to wager on horses. Websites we recommend are licensed and controlled to conduct business in the united states.
The Legality of Online Horse Racing
Online horse racing betting is legal in most states at the United States. Horse and greyhound racing received particular exemptions from anti-gambling prohibition that was passed at the national level in 2006.
A few states have chosen out of online horse betting, but many Americans are free to wager on horses all they desire. You’re able to see the graph below to get a listing states that let online horse gambling, and those which DO NOT allow online wagering. If you live in one of those countries, you’ll have to visit a track in person, or use a licensed off track centre. Everyone else is welcome to join and bet at licensed and controlled online racebooks.
Why is online horse racing betting legal in the USA?
Online gambling law is murky and convoluted, but the general arrangement is that most types of gambling, gambling and poker are outlawed. The Wire Act of 1961 was used as the foundation for anti-gambling enforcement, and then the UIGEA of 2006 farther reinforced that line of thought.
Horse racing particularly has got two notable exceptions in federal law. First was that the Interstate Horseracing Act of 1978 (IHA). Even though the IHA was composed well before the arrival of the world wide web, it’s played an instrumental part in providing us legal online horse racing betting today.
In short, the IHA made it legal to place interstate wagers on horse races as long as these gambling is permitted in both states. This piece of legislation is the reason off-track betting parlors (OTBs) situated in 1 state may accept wagers on races taking place in a different nation. Back after the IHA was written, it had been with OTBs in your mind.
Legislators upgraded the Interstate Horseracing Act in 2000 with a slight alteration to the definition of an”interstate off-track wager” to incorporate the words”or other digital media.” This opened the door for legal online horse racing betting.
The 2nd significant exemption for horse racing arrived in 2006. That year, Congress passed the Unlawful Internet Gambling Enforcement Act (UIGEA) in an effort to crack down on illegal online gambling. The UIGEA basically made it illegal to allow banks and other financial entities to conduct business with offshore gaming sites. This didn’t technically make it illegal to citizens to put bets on the internet, but it instead made it very hard to move money to and from gambling sites.
But, horse and greyhound racing received specific exemptions in the UIGEA. It was a bit of a controversy at the time, but many senators managed to make sure carve-outs for racing gambling. This setup the framework for the system we have now: legal online horse gambling.
The only catch is that the person states were given the option to”opt out” of internet horse racing. Several nations took that route and the citizens of those states aren’t allowed to combine or place wagers at horse gambling sites. The fantastic news is that just a few states decided to determine.
The Way Horse Racing Betting Works
This is your primer guide for actually putting bets on horse races. The bets outlined below could be put both in-person and online. The very best way to begin is to test out a number of the basic bets . As you become comfortable with how it works, you can progress up to more complex wagers.
Before we enter every kind of bet, I’d like to offer you a general overview of how the gambling system works with horses. Horse wagering is categorized 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 particular race are pooled together. The racetrack subsequently sets aside a proportion of that pool to keep for its own income and operating expenses. This is known as the”vig.” This system ensures that the racetrack earns its money regardless of the outcome.
The percentage taken from the pool varies based on the track and variety of bet placed. Generally, you can expect to observe a vig of anywhere from 15% to 30%.
After the vig is taken out, the rest of the cash from the pool is used to pay out the winners. The payouts in a horse race change constantly up before the start of the race. As new wagers are accumulated, the provided payouts change into account for the new gambling action.
This is why favored horses provide lower payouts. More people tend to bet on the favorite, so when the favorite wins, the section of the pool assigned to that horse has to be divided among more people. When a longshot horse wins, there are inclined to be fewer individuals backing that horse, so every person collects more winnings.
Types of Bets
There are all kinds of different bets which can be placed on a single race. The rule of thumb is that the more difficult the bet is to win, the higher it pays. For example, a straight bet on a single horse to win pays pretty well, however a wager on the exact finishing order of the top 3 horses pays much better.
Here are the most Frequent Kinds of horse bets:
Straight Bets
There are three different kinds of bets that are straight. These wagers are fairly straightforward and behave as a good starting point for newbies.
Win: This is a wager on a single horse to take 1st Location Place: A wager on a single horse to take either 1st or 2nd Location Prove: A bet on a single location to take 1st, 2nd or 3rd Location Exotic Bets
Exotic bets are somewhat more complex than straight bets. In an exotic bet, you make multiple picks that include more than 1 horse and perhaps more than one race.
Exacta: A bet on two horses to take 1st and 2nd place. Your horses must finish in this Specific order to acquire Quinella: A bet on two horses to take 1st and 2nd but the arrangement does not matter
Trifecta: A bet on three horses to take 1st, 2nd and 3rd place in that Specific order Superfecta: A bet on four horses to take 1st, 2nd, 3rd and 4th place in that Specific sequence Daily Double: A bet in which you pick the 1st place finishers of two different races
Pick 3: A bet in which you pick the 1st place finishers of three consecutive races
Select 4: A bet where you pick the 1st place finishers of four successive races. Boxing Horses
Boxing comes in handy when you understand that a few horses are solid favorites, but are not sure which order they will finish. You can”box” these horses to cover every possibility.
Quinella Box: You select three horses and you will win if any two of these horses finish in 1st and 2nd place. A quinella box on 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 this way.
Keying Horses
It is possible to key horses when you’ve got a strong feeling that one horse will finish first but you aren’t as certain 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 that will come in later that one.
So let’s say you create a $1 trifecta key of #1 over #2, #3 and #4. In this case, you need the #1 horse to win, and then any of the other three horses to finish in 2nd and 3rd set in no specific order.
Getting Started
Now that you have a grip on the fundamentals of horse betting, you can apply that knowledge to betting on the internet. In practice, it is basically the exact same idea. The only difference is that instead of talking to a cashier in the racetrack, you select your wagers onscreen with your mouse and keyboard.
1. Produce and Fund Your Betting Account
The first thing you are going to have to do to wager on the internet is sign up for an account in an authorized horse racing website (visit my three selections near the top of the page). All you have to do is see the race betting site of your selection, click a few of the large”join now” buttons and fill out the new account form. It needs to be quite self-explanatory.
The next step is to fund your accounts. You do that by logging in to your account in your gambling site and then hitting the”deposit” link on your account area. In case you’ve never created a deposit before, you’ll probably receive a pop-up asking 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
Notice: The Green Dot Moneypak is a type of prepaid coupon which you are able to buy at stores like Wal Mart and Walgreens. You pay money for the Moneypak and then redeem that Moneypak online by typing from the unique 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 financed with money, you can start placing your wagers. Click on the”bet now” button, which 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 then you’ll see a listing of upcoming races and the horses competing in each race.
Every betting site does it somewhat differently but generally speaking, you will find a display that allows you to select your wager amount, the type of wager and the horses which are going to be competing. As you make your choices, you should observe a little slip that reveals a list 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”confirm” or”submit” button near the bet outline box. Hit that button and then it will ask you one more time if you are convinced this is your bet you would like to place. If everything looks good, click the validate button and your bet will go live.
When you submit your bet, you can go back and place more wagers, watch the race live on the site or go about your day as normal. The website will track your wager and pay out your winnings if appropriate. If any of your wagers are winners, then the betting site will immediately credit your account with the cash. You can then cash your winnings out or utilize them to place additional wagers.
Betting Promotions
The best horse gambling websites compete heavily with one another for your enterprise. All of them know it will not require much effort at all for a client to switch to a rival. Thus, all of them offer their own benefits promotions and programs in an attempt to boost customer loyalty.
You won’t go wrong with any of the horse gambling websites on this page, but you might want to check out their promotions to see which ones look the best for you. Here’s a look at what every betting site must offer:
BetAmerica.com Promos
Right off the bat, BetAmerica provides 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 money is published at a speed equivalent to 10 percent of each wager you place at BetAmerica.
BetAmerica additionally allows players to create their own betting tournaments. This is a exceptional idea in which you can produce your own handicapping championship in which you define the buyin, required bankroll, wager types, payouts and date. You may then invite your friends or let anybody join. BetAmerica also chooses one tournament every week and guarantees at least $250 in prizes for free.
On selected”bonus tracks,” BetAmerica offers 3% cashback on all wagers, with no maximum cashback amounts. You can even refer friends to BetAmerica and receive $50 when your friends register and make a deposit.
BetAmerica.com Review.
TwinSpires.com Promos
TwinSpires requires a slightly different approach with its promos. Instead of focusing on long-term promos that seldom 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 also receive payout bonuses for placing bets on large racing events.
Player points are racked up in TwinSpires by placing wagers and participating in the frequent promos mentioned above. You can redeem these points for wagering credits, presents from Brisnet.com and also 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 a digital banking deposit and wager at least $500 during your first month. Meet those requirements and you’ll get $100 added to your gambling account.
Twinspires.com Review.
TVG.com Promos
TVG is a little weak on the promotions side, 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 3 months, you’ll get $50 added to your balance should you wager at least $250 in any single month.
TVG also has a continuing advertising where you earn 1 point for every dollar wagered. Over time, you may accumulate these points and will eventually redeem them for money rewards and Skymall gift certificates. The rate of yield is a bit on the low side, but it will come in handy after a few months of heavy betting.
TVG.com Review.
Major Horse Racing Events
People today bet money on horses but a huge 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 different 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 is to win all three occasions at the Triple Crown. It is exceedingly difficult to win a Triple Crown since each race is of a different period, and horses typically fare better at a certain lengths than at others. Add to the fact that each and every horse only gets one opportunity ever to win, and you may imagine that it doesn’t happen often. In the USA, only 11 horses have earned Triple Crown glory.
And simply to clarify something — the expression”Triple Crown” means different things in various countries. Every horse racing country has its Triple Crown series of occasions. Therefore, in the event that you overhear someone talking about the Triple Crown and they mention the Epsom Derby, that individual is talking about the UK’s variant.
The three events that make up the Triple Crown at the USA are:
Kentucky Derby
Preakness Stakes
Belmont Stakes
Kentucky Derby
When: First Saturday in May
Where: Louisville, Kentucky
Length: 1.25 miles
The very first event in the series, the Kentucky Derby, is the single most celebrated event in most of horse racing. It’s held at Churchill Downs annually since 1875 as well as non-horse racing fans dress up in flashy clothes and eccentric hats to observe. Even in the event that you can not make it into Churchill Downs, the odds are you can get a Kentucky Derby party in your city.
Preakness Stakes
When: Third Saturday in May
Where: Baltimore, Maryland
Length: 9.5 furlongs (1 and 3/16ths miles)
After the Kentucky Derby comes the Preakness. This one doesn’t draw much of a crowd as the Kentucky Derby, but it is still a huge event in its own right. This is also where you’ll start to see some of the drama that accompanies the possibility of a Triple Crown. All eyes are on the winner of the Kentucky Derby.
Belmont Stakes
When: Three months after the Preakness
Where: Elmont, New York
Length: 1.5 miles
And the last leg of the Triple Crown is the Belmont Stakes. At 1.5 mph, this is the greatest 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. But this race becomes the biggest of them all whenever there’s a horse which 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 each year at the same racetrack in Louisville. The Kentucky Oaks is a very common race that 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 one weekend each November. This event is generally held at a different track in the United States annually. It is among the most-watched events in horse racing, with more than $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 this show is currently 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 United States and is now 1.25 miles in length. The race is open to 3-year-olds just and contains a handbag worth $1,000,000. Only 1 horse in history (Whirlaway in 1941) has 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 importantly, we’ll go over some of the major betting sites and explain how they fit into the big picture.
TVG and Betfair
TVG is short for the”Television Games Network” and it’s a television network dedicated entirely to horse racing. It began broadcasting in 1999 and is now the largest horse racing community in the United States. TVG also facilitates offtrack betting through the internet, phone and at times even through boxtop sets in your tv.
The television portion of TVG shows live horse races, investigations, gaming tips along with other applications that cover the broad subject of horse racing. TVG also operates a US-based website which you can visit to see live races and place wagers on your own PC.
In 2009, TVG was bought 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 on sports bets. This way, gambling at Betfair is very similar to trading options.
Betfair does not conduct business with clients in the United States, but it retains TVG residing as a separate thing. You probably won’t find any references to Betfair if you see TVG, but Betfair does possess the company.
TwinSpires
TwinSpires is a US-based horse betting website owned and operated by Churchill Downs. TwinSpires is open to clients from the USA and supplies betting options on tracks around the nation. It’s a free-to-use service that offers a wide selection of wagers, live races and signup bonuses for new customers.
TwinSpires is one of the biggest horse racing gambling websites and includes a clean track record. In case you decide to wager here, you’ll be in great hands. The business is licensed to accept and manage real money betting in the US.
BetAmerica.com
BetAmerica.com is the youngest horse racing wager site but it’s grown rapidly and now acts as a substantial player in the online gaming marketplace. BetAmerica is accredited by the North Dakota Racing Commission and accepts wagers from customers in many US states.
Like the other race gambling websites on this page, BetAmerica offers a variety of racing wagers, live streaming video and simulcast options for all members free of charge. Why is BetAmerica unique is the fact that it provides online greyhound betting in addition to its horse racing choices.
Online Horse Racing Gambling in a Declining Industry
Major horse racing events draw impressive audiences to the day, however, the game as a whole has undergone a gradual, steady decrease over the last few decades. Betting manage is down significantly since the 1970s and many horse racing tracks are affected financially.
You can point to a variety of reasons for the decline. Americans have more gambling options, other sports have increased in popularity, it’s easier to sit and watch TV and so forth. Now, you can find the public to listen in to the Kentucky Derby, but other races are generally the domain of critical horse racing lovers.
Racetracks first looked into incorporating other gaming games to their premises as a way to bulge earnings. We can observe this with state legislatures finally opening to the idea of all ontrack slot machines. The tracks which have been able to add slots have profited significantly from the new earnings.
Likewise, monitors are depending more and more on off-track betting — especially internet betting. The horse racing industry still retains substantial clout in politics, and that’s probably 1 reason why horse racing received a carve-out in the UIGEA at 2006.
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