US Horse Racing Betting Online

Orse racing is an ancient sport with a rich history dating back centuries. 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 specifically, you can find horse racing tracks in most states. And needless to say, where there is competition, there’ll be individuals betting on the outcome. Up till recently, all horse racing gambling took place at the monitor. The world wide web has changed everything and 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 are able to bet on races which take place around the country. If you live on the West Coast and need to bet on a race that’s taking place on the East Coast, there is no issue. Internet gaming brings the action for you.
The best part of all is the fact that it is all legal. Most states in the USA permit online horse race gambling. So provided that you do not reside in one of the few restricted states, you are able to bet to your heart’s content. You may even see 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 compliance with the law in the United States. You don’t need to see offshore gambling sites to wager on horses. Sites we recommend are licensed and controlled to conduct business in the US.
The Legality of Online Horse Racing
Online horse racing betting is legal in most states in the United States. Horse and greyhound racing both received specific exemptions from anti-gambling prohibition that has been passed at the national level in 2006.
A few states have opted out of online horse gambling, but many Americans are free to bet on horses all they want. You’re able to see the chart below for a list states that allow online horse gambling, and those that DO NOT allow online wagering. If you reside in one of these countries, you’ll need to pay a visit to a track in person, or use a licensed off track facility. Everybody 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 used as the foundation for anti-gambling enforcement, and the UIGEA of 2006 further reinforced that line of thought.
Horse racing particularly has receive two notable exceptions in federal law. First was the Interstate Horseracing Act of 1978 (IHA). Even though the IHA was composed well before the arrival of the internet, it’s played an instrumental part in giving us legal online horse racing gambling today.
Simply speaking, the IHA made it legal to place interstate wagers on horse races as long as these betting is permitted 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 a different state. Back after the IHA was composed, it had been with OTBs in your mind.
Legislators upgraded the Interstate Horseracing Act in 2000 using a minor change to the definition of an»interstate off-track wager» to incorporate the words»or other digital media.» This opened the door for authorized online horse racing betting.
The second significant 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 do business with offshore gaming websites. This did not technically make it illegal to citizens to put bets on the internet, but it rather made it very hard to move money to and from gambling sites.
But, horse and greyhound racing obtained specific exemptions in the UIGEA. It ended up being a small controversy at the moment, but several senators were able to ensure carve-outs for racing betting. This set up the framework for your system we have today: legal online horse gambling.
The only catch is that the individual states were given the option to»opt out» of online horse racing. Several nations took that route and the citizens of these states aren’t allowed to join or place wagers at horse betting websites. The good thing is that only a small number of states made a decision to opt out.
How Horse Racing Betting Works
This is the primer guide for actually putting bets on horse races. The stakes outlined below can be put both on site and online. The very best way to begin is to test out a number of the basic bets . As you become familiar with how it works, you can advance up to more complicated wagers.
Before we enter every kind of wager, I’d love to give you a general overview of the way the gambling system functions with horses. Horse wagering is categorized as a form of»parimutuel wagering.» This is a bit different than sports betting, so read carefully if you’re new to horse gambling.
In parimutuel betting, all bets on a specific race are pooled together. The racetrack then sets aside a proportion of the pool to maintain for its own income and operating expenses. This is called the»vig.» This system ensures that the racetrack earns its money regardless of the outcome.
The percentage taken out of the pool varies depending on the track and type 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 remaining portion of the money from the swimming pool is used to cover the winners out. The payouts in a horse race shift constantly up until the start of the race. As fresh wagers are accumulated, the offered payouts change into account for the newest betting 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 delegated to this horse needs to be divided among more individuals. If a longshot horse wins, there are inclined to be fewer people backing that horse, therefore every individual accumulates additional winnings.
Kinds of Bets
There are all types of different bets that may be put on a single race. The general rule is that the harder the bet is to win, the greater it pays. For example, a straight bet on a single horse to acquire pays pretty well, but a wager on the exact finishing order of the top 3 horses pays much better.
Here are the most common types of horse bets:
Straight Bets
There are three distinct types of straight bets. These wagers are pretty simple and act as a great 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 wager on a single location to take 1st, 2nd or 3rd place Exotic Bets
Exotic bets are somewhat more complex than direct bets. Within an exotic wager, you make several selections which 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 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 exact sequence Superfecta: A wager on four horses to take 1st, 2nd, 3rd and 4th place in that exact order Daily Double: A wager where you pick the 1st place finishers of two Distinct races
Pick 3: A wager where you pick the 1st place finishers of three successive races
Pick 4: A wager where you pick the 1st place finishers of four successive races. Boxing Horses
Boxing is useful once you understand that a few horses are strong favorites, but aren’t sure which order they will finish. You are able to»box» these horses to cover every possibility.
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 probable outcomes: 3-4, 3-5, 4-3, 4-5, 5-3 and 5-4.
You could also box exactas, trifectas and superfectas in this manner.
Keying Horses
You can key horses when you’ve got a strong feeling that a horse will finish first but you are not as certain about the horses that can take 2nd and 3rd place. To put it differently, you have one»key» horse picked to win the race along with some other horses that 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 case, you need the #1 horse to win, then some of those other three horses to finish in 2nd and 3rd place in no specific order.
Getting Started
Now you have a grasp on the fundamentals of horse betting, you are able to apply that knowledge to gambling on the internet. In practice, it’s basically the exact same idea. The only difference is that instead of talking to a cashier at the racetrack, you select your wagers onscreen using your mouse and keyboard.
1. Produce and Fund Your Betting Account
The very first thing you are going to have to do to bet online is register for an account at an authorized horse racing site (see my three selections close to the top of this page). All you have to do is visit the race gambling site of your choice, click one of those large»join now» buttons and fill out the new account type. It should be pretty self-explanatory.
The next step is to fund your account. 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 never created a deposit before, you’ll probably get 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
Note: The Green Dot Moneypak is a form of prepaid voucher that you can purchase at stores like Wal Mart and Walgreens. You pay cash for the Moneypak and then redeem that Moneypak on line 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 putting your wagers. Click on the»bet now» button and this will take you to a region which shows a listing of all 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 gambling site does it somewhat differently but generally speaking, you will see a display that allows you to pick 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 shows a list of your current bet. You’ll also have the choice to box and secret that your horses in this moment.
When you think you’ve got your wager all setup, you will see a»confirm» or»submit» button near the bet outline box. Hit that button and it will ask you one more time if you’re sure this is your bet you wish to place. If everything looks good, click on the validate button and your bet will go live.
After you submit your wager, you can return and place more wagers, watch the race live on the website or go about your day as usual. The site will track your wager and pay out your winnings if applicable. If any of your wagers are winners, the gambling site will immediately credit your account with the money. You can then cash your winnings out or utilize them to place more wagers.
Betting Promotions
The 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 competitor. Thus, all of them offer their own benefits programs and promotions in an attempt to boost customer loyalty.
You won’t go wrong with some of the horse betting websites on this webpage, but you may want to check out their promotions to see which ones seem the right for you. Here’s a look at what each gaming website 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 any amount you deposit will probably be accounted for up to $300 in extra cash. The bonus cash is released at a rate equal 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 in which you define the buyin, demanded deposit, bet types, date and payouts. You can then invite your friends or let anybody join. BetAmerica also chooses one tournament weekly and guarantees at least $250 in prizes at no cost.
On selected»bonus tracks,» BetAmerica offers 3% cashback on all wagers, without the maximum cashback figures. You can 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 seldom change, TwinSpires constantly releases new, short-term promotions. These promos revolve around specific betting events in which you are able to make more loyalty points and receive payout bonuses for placing bets on large racing events.
Player points are summed up in TwinSpires by placing wagers and engaging in the frequent promos mentioned previously. You can redeem those points for wagering credits, gifts from Brisnet.com and also for free entrance to racetracks.
Furthermore, new customers are welcomed to TwinSpires using a $100 signup bonus. This bonus is given if you sign up, make an electronic banking deposit and wager at least $500 during your first month. Meet those requirements and you’ll receive $100 added to your gambling account.
Twinspires.com Review.
TVG.com Promos
TVG is somewhat weak on the other hand, 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 real money account. For the first 3 months, you’ll get $50 added to your balance if you bet at least $250 in any specific month.
TVG also has an ongoing advertising where you get 1 point for each dollar wagered. Over time, you may accumulate these points and will finally redeem them for cash rewards and Skymall gift 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 today gamble money on horses year-round, 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 pair of three unique races. This is the biggest racing event of them all and it’s restricted specifically to 3-year-old horses. This makes it a once-in-a-lifetime occasion for every racehorse.
The pinnacle of horse racing glory is to win all 3 events in the Triple Crown. It is exceedingly difficult to win a Triple Crown since each race is of a different length, and horses typically fare better in some lengths than in the others. Add to that the fact that every horse just gets one opportunity ever to triumph, and you can imagine it doesn’t happen frequently. In the United States, only 11 horses have made Triple Crown glory.
And simply to clarify a thing — the expression»Triple Crown» means different things in various countries. Every horse racing country has its own Triple Crown series of occasions. So if you overhear someone talking about the Triple Crown and they mention the Epsom Derby, that person is talking about the UK’s version.
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 one most celebrated event in most of horse racing. It is held at Churchill Downs every year since 1875 and even non-horse racing fans dress up in flashy clothes and outlandish hats to observe. Even in the event that you can’t make it to 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 kilometers )
Following the Kentucky Derby comes the Preakness. This one doesn’t draw much of a crowd because the Kentucky Derby, but it is still a huge event in its own right. This is also where you are going to begin to find some of the play that comes with the possibility of a Triple Crown. All eyes are on the winner of the Kentucky Derby.
Belmont Stakes
When: Three weeks after the Preakness
Where: Elmont, New York
Length: 1.5 miles
And the final leg of the Triple Crown is that the Belmont Stakes. At 1.5 miles long, this is the greatest race in the series. This one is conducted three months after the Preakness and ranks somewhere in the top 5 in terms of attendance and viewership. However, this race becomes the largest of them all whenever there is a horse that has taken 1st in the Kentucky Derby and Preakness Stakes, providing that horse a shot at the coveted Triple Crown title.
Kentucky Oaks
The Kentucky Oaks is held on the Friday prior to the Kentucky Derby each year in the Exact Same racetrack in Louisville. The Kentucky Oaks is a very popular race that regularly attracts a crowd of 100,000. The winner has a $600,000 purse and the famous garland of lilies known as the Lilies for the Fillies.
Breeders’ Cup
The Breeders’ Cup is a set of 14 races held over a single weekend every November. This event is usually held in a different track in the United States each year. It is one of the most-watched events in horse racing, with over $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 series is currently worth $500,000; each 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. Only 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 specifically, we’ll discuss some of the important betting sites and explain how they fit into the large picture.
TVG and Betfair
TVG is short for the»Television Games Network» and it is a television network devoted solely to horse racing. It began broadcasting in 1999 and is now the greatest horse racing network in the United States. TVG also facilitates offtrack betting through the world wide web, telephone and at times even via boxtop sets on your television.
The television part of TVG shows live horse races, investigations, betting tips and other programs that cover the broad topic of horse racing. TVG also functions a US-based website that it is possible to visit 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 famous for its exchange-style gaming platform in which people can buy and sell»shares» in positions on sports bets. In this manner, gambling at Betfair is very similar to trading choices.
Betfair doesn’t conduct business with customers in the USA, but it retains TVG residing as a distinct thing. You likely won’t see any references to Betfair if you visit TVG, but Betfair does own the company.
TwinSpires
TwinSpires is a US-based horse betting website owned and operated by Churchill Downs. TwinSpires is available to customers from the United States and supplies betting options on tracks around the country. It’s a free-to-use service that offers a wide selection of wagers, live races and signup bonuses to get new customers.
TwinSpires is among the biggest horse racing betting websites and includes a clean history. If you decide to wager 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 wager website but it has grown rapidly and now acts as a substantial player in the online betting market. BetAmerica is licensed from the North Dakota Racing Commission and accepts wagers from customers in most US states.
Like the other race gambling sites on this webpage, BetAmerica offers many different racing wagers, live streaming video along with simulcast selections for all members free of charge. What makes BetAmerica unique is the fact that it offers online greyhound betting along with its own horse racing choices.
Online Horse Racing Betting in a Declining Industry
Major horse racing events draw remarkable audiences to the day, but the game as a whole has undergone a gradual, steady decrease over the past couple of decades. Betting manage is down significantly since the 1970s and many horse racing tracks are suffering financially.
You are able to point to many different reasons for the decrease. Americans have more gaming options, other sports have increased in popularity, so it’s a lot easier to sit at home and watch TV and so forth. Now, you can get the public to tune in to the Kentucky Derby, but other races tend to be the realm of serious horse racing fans.
Racetracks first looked into incorporating other gambling games to their assumptions as a way to bulge revenues. We can see this with state legislatures eventually opening to the concept of all ontrack slot machines. The tracks which have managed to add slots have profited significantly from the new income.
Likewise, monitors are depending more and more on off-track gambling — specifically internet betting. The horse racing industry still holds considerable clout in politics, and that’s most likely one reason why horse racing obtained a carve-out in the UIGEA at 2006.
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