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, people have been racing them. The tradition continues today, with major horse racing events held regularly around the world.
In the USA specifically, you can find horse racing tracks in most states. And needless to say, where there is competition, there will be people gambling on the result. Up till recently, all horse racing betting took place at the monitor. The world wide web has changed everything and now people can just as easily place real money wagers online.
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One of the nice things about online horse racing is that you can bet on races that take place around the nation. If you reside on the West Coast and want to bet on a race that’s happening on the East Coast, that’s no problem. Internet gaming brings the action for you.
The very best part of all is that it’s all legal. Most states in the USA permit online horse race gambling. So as long as you don’t reside in one of the few limited states, you can bet for your heart’s content. You can even see the races live in your personal computer and see how your stakes pan out in real time.
Of the racebook sites listed on this page, all operate in compliance with the legislation in the USA. You do not have to see offshore betting sites to wager on horses. Sites we recommend are licensed and controlled to do 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 particular 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 wager on horses they all desire. You’re able to see the graph below for a list states that let online horse betting, and those that DO NOT enable online wagering. If you live in one of those states, you are going to need to visit a track in person, or use an approved off track facility. Everyone else is welcome to join and wager at licensed and controlled online racebooks.
What’s online horse racing betting legal in the USA?
Online gambling law is murky and convoluted, but the general arrangement is that almost all forms of gambling, betting and gambling 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 receive two notable exceptions in national 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 part in giving us legal online horse racing betting now.
Simply speaking, the IHA made it legal to place interstate wagers on horse races as long as these gambling is permitted in both countries. This piece of legislation is why off-track betting parlors (OTBs) located in one state may accept wagers on races occurring in a different nation. Back after the IHA was composed, it was with OTBs in mind.
Legislators updated the Interstate Horseracing Act in 2000 using 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 gaming. The UIGEA essentially made it illegal for banks and other financial entities to conduct business with offshore gambling websites. This did not technically make it illegal to citizens to put bets online, but it rather made it very difficult to transfer 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 betting. This set up the framework for your system we have now: legal online horse gambling.
The only catch is that the individual states have been given the option to”opt out” of online horse racing. Several nations took that path and also the citizens of those states aren’t permitted to combine or place wagers at horse gambling sites. The good news is that only a few states decided to opt out.
How Horse Racing Betting Works
This is the primer guide for actually putting bets on horse races. The stakes outlined below could be placed both on site and online. The very best way to begin is to try out a number of the basic bets . As you become comfortable with how it all works, you can progress up to more complicated wagers.
Before we get into every type of bet, I’d like to offer you a general summary of the way the betting system functions with horses. Horse wagering is categorized as a kind of”parimutuel wagering.” This is a bit different than sports betting, so read carefully if you’re new to horse betting.
In parimutuel betting, all bets on a particular race are pooled together. The racetrack then sets aside a proportion of that pool to maintain for its income and operating expenses. This is known as the”vig.” This system makes sure that the racetrack gets its cash regardless of the outcome.
The percentage taken out of the pool fluctuates depending on the track and variety of bet set. Generally, you can expect to see a vig of anywhere from 15% to 30 percent.
Following the vig is taken out, the rest of the money in the swimming pool is used to pay out the winners. The payouts in a horse race change constantly up before the beginning of the race. As fresh wagers are collected, the offered payouts change into account for the new gambling action.
That is why favored horses provide lower premiums. More people have a tendency to bet 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. When a longshot horse wins, there tend to be fewer individuals backing that horse, so each individual accumulates additional winnings.
Types of Bets
There are all kinds of different bets that can be put on a single race. The rule of thumb is the more difficult the bet is to win, the higher it pays. For example, a right bet on a single horse to acquire pays fairly well, but a wager on exactly the finishing order of the top 3 horses pays much better.
Here are the most Frequent types of horse bets:
There are three different types of bets that are straight. These wagers are fairly simple and act as a good starting point for novices.
Win: This is a bet on a single horse to take 1st Location Place: A bet on a single horse to take either 1st or 2nd place Show: A wager on a single place to take 1st, 2nd or 3rd Location Exotic Bets
Exotic bets are more complicated than direct bets. Within an exotic wager, you make multiple selections which include more than one horse and maybe more than 1 race.
Exacta: A bet on two horses to take 1st and 2nd location. Your horses must finish in that exact order to win Quinella: A bet on two horses to take 1st and 2nd but the order does not matter
Trifecta: A bet on three horses to take 1st, 2nd and 3rd place in that Specific sequence Superfecta: A bet on four horses to take 1st, 2nd, 3rd and 4th place in that Specific sequence Daily Double: A bet where you pick the 1st place finishers of two Distinct races
Select 3: A wager where you pick the 1st place finishers of three successive races
Pick 4: A bet in which you pick the 1st place finishers of four consecutive races Boxing Horses
Boxing comes in handy once you understand a few horses are solid favorites, but are not sure which order they’ll finish. You are able to”box” these horses to cover every chance.
Quinella Box: You pick 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 would 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 this way.
You can key horses whenever you have a strong feeling that one horse will finish first but you are not as certain about the horses that will take 2nd and 3rd location. To put it differently, you have one”key” horse chose 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 over #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 you have a grasp on the basics of horse betting, you can apply that knowledge to betting online. In practice, it’s basically the same idea. The sole difference is that instead of talking to a cashier in the racetrack, you choose your wagers onscreen using your mouse and keyboard.
1. Create and Fund Your Betting Account
The very first thing you are going to need to do to bet online is register for an account at an authorized horse racing website (see my three selections near the top of the page). All you need to do is see the race betting site of your selection, click one of those large”join now” buttons and complete the new account form. It should be pretty self-explanatory.
The next step is to fund your account. You do this by logging into your account at your betting site and then hitting the”deposit” link in your account area. If you’ve never created a deposit before, you’re likely going to get 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 coupon which you are able to purchase at stores like Wal Mart and Walgreens. You pay cash for your own Moneypak and then redeem that Moneypak online by typing in the special number on the back of the card. Essentially, it’s a simple way to finance your account with cash.
2. Place Your Bets
After you have an account funded with money, you can begin placing your wagers. Click on the”bet today” 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 title of a monitor and you’ll see a listing of upcoming races along with the horses competing in every race.
Every gambling site does it a little differently but in general, you will find a screen that lets you select your wager amount, the sort of wager and the horses that will be competing. As you make your choices, you should observe a bit slip that reveals a list of your current bet. You’ll also have the option to box and secret your horses at this time.
When you think you have your bet all setup, you will see a”verify” or”submit” button close to the bet 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 the confirm button and your bet will probably 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 track your wager and pay your winnings if applicable. If any one of your wagers are winners, the gambling site will instantly credit your account with all the cash. You may then cash your winnings out or utilize them to put additional wagers.
The very best horse betting websites compete heavily with one another for your business. All of them know it will not require much effort at all for a client to switch to a rival. Thus, they all offer their own rewards programs and promotions in an effort to increase customer loyalty.
You won’t go wrong with some of those horse betting sites on this webpage, 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 betting site must offer:
Right off the bat, BetAmerica provides all new customers a 100% match deposit bonus worth up to $300. It follows that some amount you deposit will be doubled up to $300 in extra money. The bonus money is published at a speed equal to 10 percent of every wager you place at BetAmerica.
BetAmerica also allows players to create their own gaming tournaments. This is a exceptional idea in which you can create your own handicapping championship in which you define the buyin, demanded bankroll, bet types, payouts and date. You may then invite your friends or let anyone connect. 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 figures. You can even refer friends to BetAmerica and get $50 when your friends sign up and make a deposit.
TwinSpires requires a slightly different approach with its promos. Rather than focusing on long-term promos that seldom change, TwinSpires always releases fresh, 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 at TwinSpires by placing wagers and engaging in the frequent promos mentioned previously. You can redeem these points for wagering credits, gifts from Brisnet.com and for free entrance to racetracks.
Additionally, new clients are welcomed to TwinSpires with a $100 signup bonus. This bonus is given when you sign up, 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.
TVG is somewhat weak on the promotions side, but it does offer a couple of perks to clients. All new players qualify for a 150 signup bonus that’s released in $50 increments directly to the real money account. For your first 3 months, you will get $50 added to your balance if you wager at least $250 in any single month.
TVG also has an ongoing promotion in which you earn 1 point for every dollar wagered. As time passes, you will accumulate these points and can eventually redeem them for money rewards and Skymall gift certificates. The rate of return is a bit on the low side, however, it does come in handy after a few months of heavy gambling.
Major Horse Racing Events
People gamble money on horses but a huge part of gambling 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 is the biggest racing event of them all and it’s restricted especially 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 in the Triple Crown. It is exceedingly tough to win a Triple Crown since each race is of a different length, and horses typically fare better in some lengths than at others. Add to that the fact that every horse just gets one opportunity ever to win, and you can imagine that it doesn’t happen often. In the United States, only 11 horses have earned Triple Crown glory.
And simply to clarify something — that the term”Triple Crown” means different things in different countries. Every horse racing country has its Triple Crown series of events. So in the event that you overhear someone talking about the Triple Crown and they cite that the Epsom Derby, that individual is talking about the UK’s variant.
The three events that make up the Triple Crown at the United States are:
When: First Saturday in May
Where: Louisville, Kentucky
Length: 1.25 miles
The very first event in the series, the Kentucky Derby, is the one most celebrated event in most of horse racing. It’s held at Churchill Downs every year since 1875 as well as non-horse racing enthusiasts 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 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 miles)
Following the Kentucky Derby comes the Preakness. This one does not draw much of a crowd because the Kentucky Derby, but it’s still a massive event in its own right. Additionally, this is where you are going to start to find some of the play that comes with the chance of a Triple Crown. All eyes are on the winner of the Kentucky Derby.
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 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 in terms of 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 a horse a shot in the coveted Triple Crown title.
The Kentucky Oaks is held on the Friday before the Kentucky Derby annually in the same racetrack in Louisville. The Kentucky Oaks is a very popular race which regularly attracts a crowd of 100,000. The winner has a $600,000 purse and the famous garland of lilies called the Lilies for the Fillies.
The Breeders’ Cup is a series of 14 races held across a single weekend each November. This event is generally held in a different track in the United States annually. It is among those 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 is 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.
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 one horse in history (Whirlaway in 1941) has ever taken the Triple Crown and the Travers Stakes.
Big Players in the Industry
This segment will cover a number of the huge players in america horse racing market. More specifically, we’ll discuss some of the major betting websites and clarify how they fit into the large picture.
TVG and Betfair
TVG is short for the”Television Games Network” and it’s a television network devoted solely to horse racing. It started broadcasting in 1999 and has become the largest horse racing community in the USA. TVG also facilitates offtrack betting via the world wide web, telephone and at times even through boxtop sets in your tv.
The television portion of TVG displays live horse races, analyses, gaming tips along with other programs that cover the wide topic of horse racing. TVG also operates a US-based website that you can visit to see live races and place wagers on your own computer.
In 2009, TVG was bought by Betfair, a UK-based betting site founded in 2004. Betfair is best known for its exchange-style betting system in which people can buy and sell”shares” in positions on sports bets. In this way, gambling at Betfair is similar to trading choices.
Betfair doesn’t conduct business with clients in the USA, but it keeps TVG residing as a distinct entity. You likely won’t find any references to Betfair when you see TVG, but Betfair does own the provider.
TwinSpires is a US-based horse gaming site owned and operated by Churchill Downs. TwinSpires is available to clients from the United States and provides betting options on tracks around the country. It is a free-to-use service which offers a wide selection of wagers, live races and signup bonuses for new customers.
TwinSpires is among the biggest horse racing betting websites and has a clean history. If you choose to bet here, you’re going to be in good hands. The company is licensed to take and manage real money betting in the united states.
BetAmerica.com is your youngest horse racing game wager website but it has grown rapidly and now acts as a substantial player in the online betting market. BetAmerica is accredited from the North Dakota Racing Commission and accepts wagers from clients in most US states.
Similar to the other race betting websites on this page, BetAmerica offers a variety of racing wagers, live streaming video and simulcast selections for all members free of charge. What makes BetAmerica unique is that it offers online greyhound betting in addition to its own horse racing options.
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 experienced a gradual, steady decline over the last few decades. Betting handle is down significantly since the 1970s and lots of horse racing tracks are affected financially.
You are able to point to many different reasons for the decrease. Americans have more gaming options, other sports have increased in popularity, it’s easier to sit at home and watch TV and so forth. Today, you can find the public to tune into the Kentucky Derby, but other races are generally the realm of critical horse racing fans.
Racetracks first looked into adding other gaming games to their assumptions as a way to bulge earnings. We can observe this with state legislatures eventually opening into the concept of ontrack slot machines. The tracks which have been able to add slots have profited greatly from the new earnings.
Likewise, tracks are depending more and more on off-track betting — specifically online betting. The horse racing industry still retains considerable clout in politics, and that’s probably 1 reason why horse racing obtained a carve-out in the UIGEA at 2006.
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