US Horse Racing Betting Online

Orse racing is an ancient game with a rich history dating back thousands of years. As long as horses are domesticated, people have been racing them. The tradition continues today, with major horse racing events held regularly around the world.
In the United States specifically, you can find horse racing tracks in most states. And of course, where there’s competition, there’ll be people gambling on the outcome. Up till recently, all horse racing betting happened at the monitor. The world wide web has changed everything and now 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 which take place around the nation. 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 problem. Internet gaming brings the action for you.
The very best aspect of all is that it is all legal. Most states in the united states allow online horse race gambling. So provided that you do not live in one of the few restricted states, you can bet for your heart’s content. You can even watch the races live in your personal computer and see how your bets pan out in real time.
Of the racebook websites listed on this page, all operate in accordance with the legislation in the USA. You don’t need to visit offshore betting sites to bet on horses. Sites we recommend are all licensed and regulated to conduct business in the united states.
The Legality of Online Horse Racing
Online horse racing gambling is legal in most states at the USA. Horse and greyhound racing received specific exemptions from anti-gambling prohibition that was passed at the federal level in 2006.
A couple of countries have opted out of online horse betting, but most Americans are free to bet on horses all they want. You can see the chart below for a listing states that let online horse gambling, and those which DO NOT allow online wagering. If you live in one of these countries, you’ll have to visit a track in person, or use a licensed off track centre. Everyone else is welcome to join up and bet 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 poker are outlawed. The Wire Act of 1961 was used as the foundation for anti-gambling enforcement, and the UIGEA of 2006 farther strengthened that line of thought.
Horse racing in particular has got two noteworthy exceptions in national law. First was 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 part in giving us legal online horse racing gambling now.
In short, the IHA made it legal to place interstate wagers on horse races as long as such betting is permitted in both countries. This piece of legislation is why off-track betting parlors (OTBs) situated in 1 state may accept wagers on races occurring in another nation. Back after the IHA was composed, it was with OTBs in your mind.
Legislators updated the Interstate Horseracing Act in 2000 with a slight change to the definition of an»interstate off-track wager» to include the words»or other electronic media.» This opened up the door for legal online horse racing betting.
The 2nd 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 gambling. The UIGEA basically made it illegal to allow banks and other financial issues to conduct business with offshore gambling websites. This didn’t technically make it illegal for citizens to put bets online, but it rather made it rather hard to transfer money to and from gambling sites.
However, horse and greyhound racing received specific exemptions from the UIGEA. It ended up being a bit of a controversy at the moment, but many senators were able to make sure carve-outs for racing betting. This set up the framework for your system we have today: legal online horse betting.
The only catch is that the individual states were given the option to»opt out» of internet horse racing. Several states took that path and the citizens of those states are not permitted to combine or place wagers at horse betting sites. The good news is that only a few states made a decision to determine.
How Horse Racing Betting Works
This is your primer manual for actually placing bets on horse races. The stakes outlined below can be put both on site and online. The best way to get started would be to try out some of the fundamental bets . As you become familiar with how it works, it is possible to progress up to more complex wagers.
Before we enter every kind of wager, I’d love to give you a general overview of the way the gambling system works with horses. Horse wagering is categorized as a form of»parimutuel wagering.» This is a little different than sports gambling, so read carefully 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 keep for its own income and operating expenses. This is known as the»vig.» This system ensures that the racetrack earns its money whatever the outcome.
The percentage taken out of the pool fluctuates based on the path and type of bet placed. Usually, you can expect to observe a vig of anywhere from 15% to 30%.
After the vig is removed, the remaining portion of the money in the pool is used to cover the winners out. The payouts at a horse race change constantly up until the start of the race. As new wagers are collected, the offered payouts change into account for the new gambling action.
This is why preferred horses offer lower premiums. More people tend to wager on the favorite, so when the preferred wins, the section of the pool assigned to this horse needs to be split up among more individuals. When a longshot horse wins, there are inclined to be fewer people financing that horse, so every individual collects more winnings.
Kinds of Bets
There are all kinds of different bets which may be placed on a single race. The rule of thumb is that the more difficult the wager is to triumph, the higher it pays. For example, a straight bet on a single horse to acquire pays fairly well, however a wager on the exact finishing order of the top 3 horses pays much better.
Here are the most Frequent types of horse bets:
Straight Bets
There are three distinct kinds of bets that are straight. These wagers are fairly straightforward and behave as a good starting point for newbies.
Win: This is a bet 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 place to take 1st, 2nd or 3rd place Exotic Bets
Exotic bets are somewhat more complex than direct bets. In an exotic wager, you make several selections which include more than 1 horse and maybe even more than one race.
Exacta: A bet on two horses to take 1st and 2nd location. Your horses must finish in this Specific order to win Quinella: A bet on two horses to take 1st and 2nd but the arrangement does not 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 exact sequence Daily Double: A wager in which you pick the 1st place finishers of two Distinct races
Select 3: A bet in which you pick the 1st place finishers of three consecutive races
Select 4: A bet in which you pick the 1st place finishers of four successive races. Boxing Horses
Boxing is useful when you understand that a few horses are strong favorites, but are not sure which order they will finish. You are able to»box» these horses cover every possibility.
Quinella Box: You select three horses and you will win if any two of these horses finish in 1st and 2nd location. A quinella box on horses #3, #4 and #5 will cover all probable outcomes: 3-4, 3-5, 4-3, 4-5, 5-3 and 5-4.
You can also box exactas, trifectas and superfectas this way.
Keying Horses
It is possible to key horses whenever you’ve got 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. To put it differently, you’ve got one»key» horse chose to win the race along with a few other horses which will come in later that one.
So let us say you create 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 set in no specific order.
Getting Started
Now that you have a grasp on the fundamentals of horse betting, you can apply that knowledge to betting on the internet. In practice, it’s essentially the same idea. The only difference is that instead of speaking to a cashier in the racetrack, you choose your wagers onscreen using your mouse and keyboard.
1. Create and Fund Your Betting Account
The first thing you are going to need to do to bet on the internet is register for an account in an authorized horse racing site (see my three selections near the top of this page). All you have to do is visit the race betting site of your selection, click a few of the big»join now» buttons and fill out the new account type. It needs to be quite self-explanatory.
The next step is to fund your accounts. You do that by logging into your account in your betting site and then hitting the»deposit» link on your account area. In case you have never made a deposit before, you’ll probably get a pop-up requesting you to deposit.
Then, you can Pick 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 type of prepaid coupon which you can buy at stores like Wal Mart and Walgreens. You pay cash for your own Moneypak and redeem that Moneypak on line by typing in the unique number on the back of the card. Essentially, it’s an easy way to fund your account with money.
2. Place Your Bets
After you have an account financed with money, you should begin putting your wagers. Click on the»bet now» button, which will take you to an area that shows a list of all the monitors supported by your gambling site. Click on the name of a track and you’ll see a listing of upcoming races and the horses competing in every race.
Every gambling site does it a little differently but generally speaking, you will see a display which allows you to pick your bet amount, the type of bet and the horses that will be competing. As you make your selections, you need to observe a little slip that shows a list of your current bet. You will also have the choice to box and key your horses at this moment.
When you believe you’ve got your wager all setup, you’ll see a»verify» or»submit» button close to the wager summary box. Hit that button and it will ask you one more time if you are sure this is the bet you wish to place. If everything looks good, click on the confirm button and your bet will go live.
After you submit your bet, you can return and put more wagers, watch the race live on the site or go about your day as normal. The website will monitor your wager and pay out your winnings if appropriate. If any one of your wagers are winners, then the gambling site will immediately credit your account with the cash. You can then cash out your winnings or utilize them to place additional wagers.
Betting Promotions
The very best horse betting websites compete heavily with one another for your enterprise. They all know it doesn’t take much effort whatsoever for a client to switch to a competitor. Thus, they all offer their own benefits programs and promotions in an effort to boost customer loyalty.
You won’t go wrong with some of the horse gambling websites on this page, but you may want to check out their promotions to see which ones look the right 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 some amount you deposit will probably be accounted up to $300 in additional cash. The bonus cash is published at a speed equivalent to 10% of every wager you place at BetAmerica.
BetAmerica also allows players to create their own betting tournaments. This is a exceptional idea in which you’ll be able to produce your own handicapping championship where you define the buyin, required bankroll, wager types, payouts and date. You may then invite your friends or let anybody connect. BetAmerica also chooses one tournament every week and guarantees at least $250 in prizes for free.
On selected»bonus tracks,» BetAmerica provides 3% cashback on all wagers, without the maximum cashback amounts. You might also refer friends to BetAmerica and receive $50 when your friends register and make a deposit.
BetAmerica.com Review.
TwinSpires.com Promos
TwinSpires takes a slightly different approach with its promos. Rather than focusing on long-term promos that rarely change, TwinSpires always releases new, 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 big racing events.
Player points are racked up in TwinSpires by placing wagers and engaging in the regular promos mentioned previously. You can redeem these points for wagering credits, gifts from Brisnet.com and for free entrance to racetracks.
Furthermore, new clients are welcomed to TwinSpires with a $100 signup bonus. This bonus is given 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 couple of perks to customers. All new players qualify for a 150 signup bonus that is released in $50 increments right to the actual money account. For your first three months, you will receive $50 added to your balance should you wager at least $250 in any specific month.
TVG also has an ongoing promotion where you get 1 point for each dollar wagered. Over time, you may collect these points and can eventually redeem them for cash rewards and Skymall present certificates. The rate of yield is a little on the low side, however, it does come in handy after a couple of months of heavy gambling.
TVG.com Review.
Major Horse Racing Events
People bet money on horses year-round, 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 is restricted especially to 3-year-old horses. This makes it a once-in-a-lifetime event for every racehorse.
The pinnacle of horse racing glory would be to win all three events in the Triple Crown. It’s exceedingly tough to win a Triple Crown since every race is of a different period, and horses generally fare better in some lengths than in the others. Add to the fact that each and every horse only gets one chance ever to win, and you may imagine it doesn’t happen often. In the USA, only 11 horses have made Triple Crown glory.
And just to clarify something — that the expression»Triple Crown» means different things in different nations. Every horse racing nation has its Triple Crown series of occasions. Therefore, if you overhear someone talking about the Triple Crown and they mention that the Epsom Derby, this person is talking about the UK’s variant.
The following 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 show, the Kentucky Derby, is the one most celebrated event in all of horse racing. It is held at Churchill Downs annually since 1875 as well as non-horse racing enthusiasts dress up in flashy clothes and eccentric hats to celebrate. 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 own city.
Preakness Stakes
When: Third Saturday in May
Where: Baltimore, Maryland
Length: 9.5 furlongs (1 and 3/16ths miles)
Following the Kentucky Derby comes the Preakness. This one doesn’t draw as much of a crowd as the Kentucky Derby, but it’s still a massive event in its own right. Additionally, this is where you’ll begin to see some of the drama that comes with 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 final leg of the Triple Crown is the Belmont Stakes. At 1.5 mph, this is the longest race in the series. This one is conducted three months after the Preakness and positions somewhere in the top 5 with regard to attendance and viewership. But this race becomes the biggest of them all whenever there is a horse that has taken 1st at the Kentucky Derby and Preakness Stakes, giving that horse a shot in the coveted Triple Crown title.
Kentucky Oaks
The Kentucky Oaks is held on the Friday before the Kentucky Derby each year at the Exact 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 series of 14 races held across one weekend every November. This event is usually held in a different track in the United States each year. It’s one of the most-watched events in horse racing, with more than $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 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 United States and is now 1.25 miles in length. The race is open to 3-year-olds just and has a purse worth $1,000,000. Just one horse in background (Whirlaway in 1941) has taken the Triple Crown and the Travers Stakes.
Big Players in the Industry
This section will cover a number of the big players in america horse racing industry. More specifically, we will discuss some of the important betting websites and clarify how they fit into the big picture.
TVG and Betfair
TVG is short for the»Television Games Network» and it’s a television network devoted solely to horse racing. It began broadcasting in 1999 and has become the greatest horse racing community in the USA. TVG also eases offtrack betting via the internet, telephone and at times even through boxtop sets in your television.
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 see to watch live races and place wagers on your computer.
In 2009, TVG was bought 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. In this way, betting at Betfair is very similar to trading choices.
Betfair does not do business with clients in the USA, but it retains TVG alive as a distinct thing. You likely won’t see any references to Betfair if you see TVG, but Betfair does possess the company.
TwinSpires
TwinSpires is a US-based horse gaming site owned and operated by Churchill Downs. TwinSpires is open to clients in the United States and provides betting options on paths across the country. It is a free-to-use service that supplies a wide selection of wagers, live races and signup bonuses for new clients.
TwinSpires is among the biggest horse racing betting sites and has a clean history. In case you choose to bet here, you’ll be in good hands. The business is licensed to take and handle real money betting in the US.
BetAmerica.com
BetAmerica.com is your youngest horse racing bet website but it’s grown quickly and now functions as a substantial player in the online gaming marketplace. BetAmerica is licensed by the North Dakota Racing Commission and accepts wagers from clients in many US states.
Like the other race gambling websites on this page, BetAmerica delivers many different racing wagers, live streaming video along with simulcast options for all members free of charge. What makes BetAmerica unique is the fact that it provides online greyhound betting along with its horse racing options.
Online Horse Racing Gambling in a Declining Industry
Major horse racing events draw impressive audiences to the day, but the game as a whole has experienced a gradual, steady decline over the last few decades. Betting manage is down considerably since the 1970s and lots of horse racing tracks are affected financially.
You are able to point to many different reasons for the decline. Americans have more gambling options, other sports have increased in popularity, it’s easier to sit at home and watch TV and so forth. Today, you can get the public to listen into the Kentucky Derby, but other races tend to be the domain of critical horse racing lovers.
Racetracks first looked into adding other gaming games to their assumptions as a way to bulge revenues. We can observe this with state legislatures eventually opening into the idea of all ontrack slot machines. The paths which have managed to add slots have profited greatly from the new earnings.
Likewise, tracks are depending increasingly more on off-track gambling — especially online betting. The horse racing sector still retains substantial clout in politics, and that is most likely one reason why horse racing received a carve-out in the UIGEA in 2006.
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