US Horse Racing Betting Online

Orse racing is an ancient game with a rich history dating back thousands of years. 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 the majority of states. And of course, where there is competition, there’ll be individuals betting on the outcome. Up till 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.
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One of the pleasant things about online horse racing is that you can bet on races that happen around the nation. If you live on the West Coast and want to wager on a race that’s happening on the East Coast, there is no problem. Internet betting brings the action for you.
The best part of all is that it is all legal. Most nations in the USA permit online horse race gambling. So provided that you don’t live in one of the few restricted states, you are able to bet to your heart’s content. You may even see the races live on your personal computer and see how your stakes pan out in real time.
Of the racebook websites listed on the page, all function in compliance with the legislation in the USA. You do not have to visit 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 betting is legal in most states at the USA. Horse and greyhound racing received specific exemptions from anti-gambling prohibition which has been passed at the national 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 want. You can see the chart below for a listing states that let online horse betting, and those which DO NOT allow online wagering. If you reside in one of those states, you are going to have to pay a visit to a monitor in person, or use an approved off track centre. Everybody else is welcome to join and bet 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 most forms of gambling, gambling and poker are outlawed. The Wire Act of 1961 was used as the foundation for anti-gambling authorities, and the UIGEA of 2006 farther strengthened that line of thought.
Horse racing in particular has got two notable exceptions in national law. First was the Interstate Horseracing Act of 1978 (IHA). Even though the IHA was composed well before the advent of the world wide web, it has played an instrumental part in providing us valid 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 allowed in both countries. This piece of legislation is the reason off-track betting parlors (OTBs) situated in 1 state may accept wagers on races occurring at another state. Back after the IHA was written, 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 digital media.” This opened up the door for legal online horse racing betting.
The second major exemption for horse racing came 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 to allow banks and other financial entities to conduct business with offshore gambling websites. This did not technically make it illegal to citizens to place bets online, but it instead made it very hard to transfer money to and from gambling sites.
But, horse and greyhound racing obtained specific exemptions from the UIGEA. It was a small controversy at the time, but many senators managed to make sure carve-outs for racing betting. This set up the framework for your system we have today: valid 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 also the citizens of these states aren’t permitted to combine or place wagers at horse betting websites. The good news is that just a small number of states made a decision to opt out.
How Horse Racing Betting Works
This is the primer manual for actually placing bets on horse races. The stakes outlined below can be put both on site and on the internet. The best way to begin is to test out a number of the basic 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 like to offer you a general overview of the way the betting system works with horses. Horse wagering is classified as a kind of”parimutuel wagering.” This is a bit different than sports betting, so read closely if you are new to horse gambling.
In parimutuel betting, all bets on a particular race are pooled together. The racetrack subsequently 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 gets its cash whatever the outcome.
The percentage taken out of the pool varies based on the track and type of bet placed. Usually, you can expect to see a vig of anywhere from 15% to 30%.
After the vig is taken out, the rest of the cash in the swimming pool is used to cover out the winners. The payouts in a horse race shift constantly up until the start of the race. As new wagers are accumulated, the offered payouts change to account for the new gambling action.
That is why preferred horses offer lower premiums. More people tend to wager on the favorite, so when the favorite wins, the section of the pool delegated to this horse needs to be divided among more people. If a longshot horse wins, there are inclined to be fewer people backing that horse, therefore every person collects additional winnings.
Types of Bets
There are all types of different bets that may be placed on a single race. The general rule is that the more difficult the bet is to triumph, the higher it pays. For instance, a straight bet on a single horse to win 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 3 distinct types of straight bets. These wagers are fairly straightforward and act as a great starting point for newbies.
Win: This is a wager on a single horse to take 1st place Place: A bet on a single horse to shoot either 1st or 2nd Location Prove: A bet on a single location to take 1st, 2nd or 3rd place Exotic Bets
Exotic bets are more complicated than straight bets. Within an exotic wager, you make several picks that include more than one horse and perhaps more than 1 race.
Exacta: A bet on two horses to take 1st and 2nd location. Your horses must finish in this 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 Specific sequence Superfecta: A wager on four horses to take 1st, 2nd, 3rd and 4th place in that exact sequence 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
Select 4: A wager in which you pick the 1st place finishers of four consecutive races Boxing Horses
Boxing comes in handy when you understand a few horses are solid favorites, but aren’t sure which order they’ll finish. You are able to”box” these horses cover every chance.
Quinella Box: You select three horses and you’ll win if any two of those horses finish in 1st and 2nd location. A quinella box on horses #3, #4 and #5 would cover all possible 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 that can take 2nd and 3rd location. To put it differently, you have one”key” horse chose to win the race along with a few other horses that will come in after that one.
So let us say you create a $1 trifecta key of #1 on #2, #3 and #4. In this case, you want the #1 horse to win, then any of those other three horses to finish in 2nd and 3rd set in no specific order.
Getting Started
Now that you have a grip on the basics of horse betting, you can apply that knowledge to gambling on the internet. In practice, it is essentially the same idea. The only difference is that instead of talking to a cashier at the racetrack, you select your wagers onscreen with your mouse and keyboard.
1. Create and Fund Your Betting Account
The first thing you’ll need to do to wager online is register for an account at an authorized horse racing site (visit my three selections near the top of the page). All you have to do is see the race gambling site of your selection, click a few of those big”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 at your betting site and then hitting the”deposit” link on your account area. If you have not made 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:
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 your own Moneypak and then redeem that Moneypak online by typing from the unique number on the back of the card. Essentially, it’s a simple way to finance your account with cash.
2. Place Your Bets
As soon as you have an account funded with cash, you can start putting your wagers. Click on the”bet now” button, which will take you to a region which shows a list of all of the tracks supported by your betting site. Click on the title of a track and then you’ll see a list of upcoming races along with also the horses competing in every race.
Every gambling site does it somewhat differently but in general, you will see a display which allows you to select your wager amount, the sort of wager and the horses that are going to be competing. As you make your selections, you should observe a bit slip that reveals a list of your current bet. You’ll also have the option to box and key that your horses in this time.
When you think you have your wager all set up, you will see a”confirm” or”submit” button near the bet summary box. Hit that button and then it will ask you one more time if you’re convinced this is the bet you would like to place. If everything looks good, click the validate button and your bet will probably go live.
When you submit your wager, you can go back and place more wagers, watch the race live on the website or go about your day as normal. The site will track your wager and pay your winnings if appropriate. If any one of your wagers are winners, then the gambling site will immediately credit your account with all the cash. You may then cash your winnings out or utilize them to put additional wagers.
Betting Promotions
The very best horse gambling sites compete heavily with one another for your enterprise. All of them know it will not require much effort whatsoever for a customer to switch to a competitor. 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 those horse gambling sites on this page, but you may want to check out their promotions to see which ones seem the best for you. Here’s a look at what each betting site must offer:
BetAmerica.com Promos
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 for up to $300 in additional cash. The bonus money is published at a speed equivalent to 10% of each 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 where you define the buyin, required bankroll, bet types, date and payouts. You can then invite your friends or let anyone connect. BetAmerica also picks one tournament weekly and promises at least $250 in prizes for free.
On chosen”bonus tracks,” BetAmerica provides 3% cashback on all wagers, with no maximum cashback amounts. You might also refer friends to BetAmerica and get $50 when your friends sign up 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 constantly releases fresh, short-term promotions. These promos revolve around special betting events in which you can make more loyalty points and receive payout bonuses for placing bets on big racing events.
Player points are summed up in TwinSpires by placing wagers and engaging in the regular promos mentioned above. 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 using a $100 signup bonus. This bonus is given when you join, make an electronic banking deposit and wager at least $500 during your first month. Meet those requirements and you’ll get $100 added to your betting account.
Twinspires.com Review.
TVG.com Promos
TVG is somewhat weak on the promotions side, but it does offer a few perks to clients. All new players qualify for a 150 signup bonus that’s released in $50 increments directly to the actual money account. For your first 3 months, you will get $50 added to your balance if you bet at least $250 in any single month.
TVG also has a continuing promotion where you earn 1 point for each dollar wagered. As time passes, you will collect these points and can finally redeem them for money rewards and Skymall gift certificates. The rate of yield is a bit on the low side, however, it does come in handy after a couple of months of heavy betting.
TVG.com Review.
Major Horse Racing Events
People gamble money on horses year-round, but a huge portion 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 unique races. This really is the biggest racing event of them all and it is restricted especially to 3-year-old horses. That 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 difficult to win a Triple Crown since every race is of a different period, and horses generally fare better at some lengths than in the others. Add to the fact which each and every horse only gets one chance ever to win, and you can imagine it does not happen frequently. In the United States, only 11 horses have earned Triple Crown glory.
And simply to clarify something — the expression”Triple Crown” means different things in different 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 cite that the Epsom Derby, this individual is talking 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 very first event in the show, the Kentucky Derby, is the one most celebrated event in most of horse racing. It’s held at Churchill Downs annually since 1875 as well as non-horse racing enthusiasts dress up in flashy clothes and eccentric hats to observe. Even if you can’t make it into Churchill Downs, the odds are you can find 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 because the Kentucky Derby, but it is still a massive event in its own right. This is also where you’ll start to see some of the drama that accompanies 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 the Belmont Stakes. At 1.5 miles long, this is the longest race in the series. This one is conducted three months after the Preakness and ranks somewhere in the top 5 with regard to attendance and viewership. But this race becomes the largest of them whenever there is a horse that has taken 1st in the Kentucky Derby and Preakness Stakes, providing a horse a shot at the coveted Triple Crown title.
Kentucky Oaks
The Kentucky Oaks is held on the Friday before the Kentucky Derby each year in the 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 famous garland of lilies called the Lilies for the Fillies.
Breeders’ Cup
The Breeders’ Cup is a series of 14 races held over one weekend every November. This event is generally held at a different track in the United States each year. 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 worth $500,000; every other occasion 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 kilometers in length. The race is open to 3-year-olds only and has a handbag worth $1,000,000. Just one horse in history (Whirlaway in 1941) has ever taken the Triple Crown and the Travers Stakes.
Big Players in the Industry
This section 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 all fit into the large picture.
TVG and Betfair
TVG is short for the”Television Games Network” and it is a television network dedicated solely to horse racing. It started broadcasting in 1999 and is now the greatest horse racing network in the United States. TVG also facilitates offtrack betting via the world wide web, phone and sometimes even via boxtop sets on your tv.
The television portion of TVG shows live horse races, investigations, gaming tips along with other programs that cover the broad topic of horse racing. TVG also operates a US-based website that it is possible to see to watch live races and place wagers in your own PC.
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 where people can buy and sell”shares” in positions on sports bets. This manner, gambling at Betfair is similar to trading choices.
Betfair does not conduct business with clients in the United States, but it retains TVG alive as a distinct entity. You probably won’t see any references to Betfair if you see TVG, but Betfair does own the provider.
TwinSpires
TwinSpires is a US-based horse gaming site owned and operated by Churchill Downs. TwinSpires is open to clients from the United States and supplies betting options on paths around the country. It’s a free-to-use service that supplies a vast range of wagers, live races and signup bonuses for new customers.
TwinSpires is one of the largest horse racing betting sites and includes a clean history. In case you choose to bet here, you’re going to be in great hands. The company is licensed to accept and manage real money betting in the united states.
BetAmerica.com
BetAmerica.com is your youngest horse racing bet site but it’s grown rapidly and now acts as a significant player in the online betting market. BetAmerica is accredited by the North Dakota Racing Commission and accepts wagers from clients in many US states.
Similar to the other race gambling websites on this page, BetAmerica offers many different racing wagers, live streaming video and simulcast selections for all members at no cost. Why is BetAmerica unique is that it offers online greyhound betting in addition to its horse racing choices.
Online Horse Racing Betting in a Declining Industry
Major horse racing events draw remarkable audiences to the day, however, the game as a whole has undergone a slow, steady decrease over the last few decades. Betting manage is down significantly since the 1970s and lots of horse racing tracks are affected financially.
You are able to point to a variety of reasons for the decrease. Americans have more gaming options, other sports have increased in popularity, it’s a lot easier to sit at home and watch TV and so on. Now, you can get the general public to listen in to the Kentucky Derby, but other races are generally the realm of serious horse racing lovers.
Racetracks first looked into incorporating other gaming games to their premises as a way to bulge earnings. We can see this with state legislatures finally opening to the concept of ontrack slot machines. The tracks that have managed to add slots have profited greatly from the new earnings.
Likewise, monitors are based more and more on off-track gambling — specifically online betting. The horse racing sector still holds substantial clout in politics, and that’s probably 1 reason why horse racing obtained a carve-out in the UIGEA in 2006.
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