US Horse Racing Betting Online

Orse racing is an ancient game with a rich history dating back centuries. For as long as horses are domesticated, folks have been rushing them. The tradition continues today, with important horse racing events held regularly around the world.
In the USA in particular, you can find horse racing tracks in most states. And needless to say, where there is competition, there will be individuals betting on the outcome. Up till recently, all horse racing betting took place in the track. 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 internet horse racing is that you can bet on races which take place across the nation. If you reside on the West Coast and want to bet on a race that’s taking place on the East Coast, there is no issue. Internet gaming brings the action to you.
The very best part of all is that it is all legal. Most states in the united states permit online horse race gambling. 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 watch the races live in your own personal computer and see how your bets pan out in real time.
Of the racebook sites listed on the page, all operate in accordance with the legislation in the United States. You don’t need to see offshore gambling sites to wager on horses. Sites we recommend are all licensed and regulated to conduct business in the US.
The Legality of Online Horse Racing
Online horse racing gambling is legal in most states at the USA. Horse and greyhound racing both received particular exemptions from anti-gambling prohibition which has been passed at the federal level in 2006.
A few states have chosen from online horse betting, but many Americans are free to wager on horses all they desire. You can see the chart below to get a list states that allow online horse gambling, and those which DO NOT allow online wagering. If you live in one of these states, you’ll need to visit a track in person, or use an approved off track centre. Everyone else is welcome to join up 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 agreement is that almost all types of gambling, betting and gambling are outlawed. The Wire Act of 1961 was utilized as the basis for anti-gambling enforcement, and then the UIGEA of 2006 further strengthened that line of thought.
Horse racing in particular has receive two noteworthy exceptions in federal law. First was that the Interstate Horseracing Act of 1978 (IHA). Although the IHA was composed well before the arrival of the internet, it has played an instrumental part in giving us valid online horse racing gambling now.
Simply speaking, the IHA made it legal to put 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) located in one state may accept wagers on races occurring at another nation. Back when the IHA was written, it had been with OTBs in your mind.
Legislators updated the Interstate Horseracing Act in 2000 using a minor alteration to the definition of an”interstate off-track wager” to include the words”or other digital media.” This opened up the door for authorized 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 basically made it illegal to allow banks and other financial issues to do business with offshore gaming sites. This did not technically make it illegal for citizens to place bets on the internet, but it instead made it rather difficult to move money to and from betting sites.
However, horse and greyhound racing obtained specific exemptions in the UIGEA. It was a bit of a controversy at the moment, but several senators managed to make sure carve-outs for racing gambling. This set up the frame for your system we have today: valid online horse gambling.
The only catch is that the individual 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 permitted to join or place wagers at horse gambling websites. The good news is that just a few states made a decision to opt out.
The Way Horse Racing Betting Works
This is your primer manual for actually placing bets on horse races. The bets outlined below could be put both in-person and online. The best way to get started would be to try out a number of the fundamental bets . As you become comfortable with how it works, it is possible to advance up to more complex wagers.
Before we enter each kind of wager, I’d like to offer you a general overview 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 closely if you’re new to horse gambling.
In parimutuel betting, all bets on a particular race are pooled together. The racetrack subsequently sets aside a proportion 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 varies based on the track and type of bet placed. Usually, you can expect to observe a vig of anywhere from 15% to 30%.
Following the vig is taken out, the remaining portion of the money from the swimming pool is used to cover out the winners. The payouts at a horse race change constantly up until the beginning of the race. As new wagers are accumulated, the provided payouts vary into account for the new betting action.
That is why preferred horses offer lower payouts. More people have a tendency to wager on the favorite, so when the favorite wins, the section of the pool delegated to this horse needs to be split up among more people. When a longshot horse wins, there tend to be fewer individuals backing that horse, therefore each person accumulates additional winnings.
Kinds of Bets
There are all types of different bets which may be placed on a single race. The general rule is the harder the bet will be to triumph, the higher it pays. For example, a right bet on a single horse to win pays fairly well, however a wager on exactly the finishing order of the top 3 horses pays much better.
Here are the most Frequent Kinds of horse bets:
Straight Bets
There are 3 distinct types of bets that are straight. These wagers are pretty straightforward and act as a good starting point for newbies.
Win: This is a bet on a single horse to take 1st place Place: A wager on a single horse to take either 1st or 2nd Location Show: A wager on a single location to take 1st, 2nd or 3rd Location Exotic Bets
Exotic bets are somewhat more complex than direct bets. Within an exotic bet, you create several selections which 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 this Specific order to win 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 sequence 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
Select 3: A wager in which you pick the 1st place finishers of three successive races
Select 4: A wager where you pick the 1st place finishers of four successive races. Boxing Horses
Boxing comes in handy once you know a few horses are solid favorites, but aren’t sure which order they will finish. You are able to”box” these horses cover every possibility.
Quinella Box: You pick three horses and you will win if any two of those horses finish in 1st and 2nd location. A quinella box 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 in this manner.
Keying Horses
It is possible to key horses whenever you have a strong feeling that one horse will finish first but you aren’t as certain about the horses which will take 2nd and 3rd place. In other words, you’ve got one”key” horse picked to win the race and a few other horses which will come in later that one.
So let us say you make a $1 trifecta key of #1 on #2, #3 and #4. In this case, you want the #1 horse to win, and then any of the other three horses to finish in 2nd and 3rd place in no particular order.
Getting Started
Now you have a grip on the fundamentals of horse betting, you can apply that knowledge to betting online. In practice, it is essentially the same idea. The only difference is that rather than speaking to a cashier at the racetrack, you select your wagers onscreen using your mouse and keyboard.
1. Produce and Fund Your Betting Account
The first thing you’ll need to do to bet online is sign up for an account in a legal horse racing website (see my three selections near the top of the page). All you have to do is visit the race gambling site of your choice, click one of those large”join now” buttons and complete the new account form. It needs to 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 on your account area. In case you’ve not created a deposit before, you’re likely going to receive 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
Notice: The Green Dot Moneypak is a form of prepaid voucher that you can buy at stores like Wal Mart and Walgreens. You pay cash for the Moneypak and then redeem that Moneypak online by typing from the special number on the back of the card. Basically, it’s a simple way to fund your account with cash.
2. Place Your Bets
After you have an account funded with cash, you should begin placing your wagers. Click on the”bet now” button and this will take you to a region which shows a list of all of the monitors supported by your betting site. Click on the title of a track and then you’ll see a list of upcoming races along with the horses competing in every race.
Every betting site does it somewhat differently but in general, you will see a display that allows you to select your bet amount, the type of bet and the horses which are going to be competing. As you make your selections, you should see a bit slip that shows a list of your current bet. You will also have the choice to box and key that your horses in this time.
When you think you’ve got your wager all set up, you’ll see a”verify” or”submit” button near the wager summary box. Hit that button and then it will ask you one more time if you are convinced that this is your 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 go back and place more wagers, see the race live on the site or go about your day as normal. The website will monitor your bet and pay out your winnings if applicable. If any of your wagers are winners, then the betting site will immediately credit your account with all the money. You may then cash out your winnings or utilize them to put more wagers.
Betting Promotions
The very best horse betting websites compete heavily with one another for your enterprise. They all know it will not take much effort whatsoever for a customer to switch to a rival. Thus, all of them offer their own rewards promotions and programs in an attempt to boost customer loyalty.
You won’t go wrong with any of the horse betting websites on this page, but you might want to check out their promotions to see which ones seem 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 customers a 100% match deposit bonus worth up to $300. This means that any amount you deposit will be doubled up to $300 in extra cash. The bonus cash is published at a rate equal to 10 percent of each bet you place at BetAmerica.
BetAmerica additionally allows players to make their own gaming tournaments. This is a unique idea in which you can create your own handicapping championship where you specify the buyin, required bankroll, wager types, date and payouts. You may then invite your friends or let anybody connect. BetAmerica also picks one tournament weekly and promises at least $250 in prizes for free.
On chosen”bonus tracks,” BetAmerica offers 3% cashback on all wagers, without the maximum cashback amounts. You can even refer friends to BetAmerica and receive $50 when your friends sign up and make a deposit.
BetAmerica.com Review.
TwinSpires.com Promos
TwinSpires takes a slightly different approach with its promos. Instead of focusing on long-term promos that rarely change, TwinSpires always releases fresh, short-term promotions. These promos revolve around specific betting events in which you can make more loyalty points and get payout bonuses for placing bets on large racing events.
Player points are racked up in TwinSpires by placing wagers and participating in the regular promos mentioned previously. You can redeem these points for wagering credits, presents from Brisnet.com and for free entrance to racetracks.
Furthermore, new clients are welcomed to TwinSpires with a $100 signup bonus. This bonus is granted 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 other hand, but it does offer a couple of perks to clients. All new players qualify for a 150 signup bonus that is released in $50 increments directly to the actual money account. For the first three months, you’ll 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 each dollar wagered. Over time, you will accumulate these points and will finally redeem them for money rewards and Skymall present certificates. The rate of return is a little on the low side, however, 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 portion of betting action revolves around big horse racing events.
The Triple Crown
The Triple Crown of Thoroughbred Racing (Triple Crown for short) is a set of three different races. This 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 event for each and every racehorse.
The pinnacle of horse racing glory is to win all 3 events at the Triple Crown. It is exceedingly tough to win a Triple Crown because each race is of a different length, and horses generally fare better in a certain lengths than at others. Add to the fact that every horse only gets one opportunity ever to win, and you can imagine that it doesn’t happen often. In the USA, only 11 horses have earned Triple Crown glory.
And just to clarify something — the expression”Triple Crown” means different things in different countries. Every horse racing country has its own Triple Crown series of events. Therefore, if you overhear someone talking about the Triple Crown and they mention the Epsom Derby, this person is speaking about the UK’s version.
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 single most celebrated event in all 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 outlandish hats to celebrate. Even if you can’t make it to Churchill Downs, the chances 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 does not draw as much of a crowd as the Kentucky Derby, but it is still a massive event in its own right. Additionally, this is where you are going to start to see some of the play that accompanies the possibility of a Triple Crown. All eyes are on the winner of the Kentucky Derby.
Belmont Stakes
After: Three weeks 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 series. This one is conducted three weeks after the Preakness and positions somewhere in the top 5 with regard to attendance and viewership. However, this race becomes the biggest of them whenever there’s a horse which 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 prior to the Kentucky Derby annually at the Exact Same racetrack in Louisville. The Kentucky Oaks is an extremely common race that regularly attracts a crowd of 100,000. The winner gets a $600,000 purse and the famous 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 each November. This event is generally 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 biggest 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 this show is currently worth $500,000; every other event is worth $1 million or more.
Travers Stakes
The Travers Stakes is the oldest thoroughbred racing event in the USA and is now 1.25 miles in length. The race is open to 3-year-olds only and contains a handbag worth $1,000,000. Just one horse in background (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 america horse racing market. More importantly, we will discuss some of the major betting websites 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 devoted solely to horse racing. It started broadcasting in 1999 and is now the greatest horse racing community in the United States. TVG also eases offtrack betting via the internet, telephone and at times even through 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 site which you can see to see live races and place wagers on your own computer.
In 2009, TVG was bought by Betfair, a UK-based gaming site based in 2004. Betfair is famous for its exchange-style betting system where people can buy and sell”shares” in positions on sports bets. This manner, gambling at Betfair is very similar to trading choices.
Betfair doesn’t do business with customers in the USA, but it retains TVG residing as a separate thing. You likely won’t see any references to Betfair when you see TVG, but Betfair does possess the provider.
TwinSpires
TwinSpires is a US-based horse gaming site owned and operated by Churchill Downs. TwinSpires is available to customers from the United States and supplies betting options on paths across the nation. It’s a free-to-use service which offers a vast selection of wagers, live races and signup bonuses for new clients.
TwinSpires is among the biggest horse racing gambling websites and includes a clean track record. In case you choose to wager here, you’ll be in good hands. The business is licensed to take and manage real cash betting in the united states.
BetAmerica.com
BetAmerica.com is the youngest horse racing bet website but it has 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 most US states.
Like the other race gambling sites on this webpage, BetAmerica delivers a variety of racing wagers, live streaming video and simulcast options for all members free of charge. Why is BetAmerica unique is that it offers online greyhound betting along with its horse racing options.
Online Horse Racing Gambling in a Declining Industry
Major horse racing events draw impressive crowds to the day, however, the game as a whole has undergone a gradual, steady decline over the past couple of decades. Betting handle is down significantly since the 1970s and lots of horse racing tracks are suffering financially.
You are able to point to a variety of reasons for the decline. Americans have more gaming options, other sports have grown in popularity, so it’s a lot easier to sit and watch TV and so forth. Now, you can find the public to tune into the Kentucky Derby, but other races tend to be the realm of serious horse racing fans.
Racetracks first looked into incorporating other gaming games to their assumptions as a way to bulge revenues. We can see this with state legislatures finally opening into the concept of ontrack slot machines. The paths which have been able to add slots have profited greatly from the new income.
Likewise, tracks are based more and more on off-track betting — especially online betting. The horse racing industry still retains considerable clout in politics, and that is probably one reason why horse racing received a carve-out in the UIGEA in 2006.
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