Orse racing is an ancient sport with a rich history dating back centuries. For as long as horses are domesticated, folks have been rushing them. The tradition continues today, with major horse racing events held regularly around the world.
In the USA in particular, it is possible to find horse racing tracks in the majority of states. And of course, where there’s competition, there will be individuals betting on the result. Up till recently, all horse racing betting took place in the track. The internet has changed everything and people can just as easily place 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 take place around the country. If you reside on the West Coast and need to bet on a race that’s happening on the East Coast, there is no issue. Internet gaming brings the action to you.
The very best aspect of all is the fact that it’s all legal. Most states in the united states permit online horse race betting. So provided that you don’t reside in one of the few limited states, you are able to bet for your heart’s content. You can even see the races live on your own computer and see how the bets pan out in real time.
Of the racebook sites listed on the page, all function in compliance with the law in the USA. You do not need to visit offshore gambling sites to wager on horses. Websites we recommend are all licensed and regulated to conduct business in the US.
The Legality of Online Horse Racing
Online horse racing betting is legal in most states at the United States. Horse and greyhound racing received particular exemptions from anti-gambling prohibition that has been passed at the federal level in 2006.
A couple of states have chosen from online horse betting, but many Americans are free to bet on horses all they desire. You’re able to see the graph below for a listing states that allow online horse gambling, and those which DO NOT enable online wagering. If you live in one of these states, you are going to have to visit a track in person, or use an approved off track facility. Everybody else is welcome to join and bet at licensed and controlled online racebooks.
What’s online horse racing betting legal in the United States?
Online gambling law is murky and convoluted, but the general arrangement is that most types of gambling, gambling and gambling are outlawed. The Wire Act of 1961 was used as the foundation for anti-gambling enforcement, and then the UIGEA of 2006 further strengthened that line of thought.
Horse racing particularly has got two noteworthy exceptions in federal law. First was the Interstate Horseracing Act of 1978 (IHA). Although the IHA was written well before the arrival of the internet, it has played an instrumental role in providing us legal online horse racing gambling today.
Simply speaking, the IHA made it lawful to put interstate wagers on horse races as long as such gambling is permitted in both states. This piece of legislation is the reason off-track betting parlors (OTBs) located in 1 state may take wagers on races taking place at another nation. Back after the IHA was written, it had been with OTBs in mind.
Legislators upgraded the Interstate Horseracing Act in 2000 using a slight 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 gambling.
The 2nd 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 gambling. The UIGEA basically made it illegal for banks and other financial issues to conduct business with offshore gambling websites. This did not technically make it illegal for citizens to put bets online, but it instead made it rather difficult to move money to and from gambling sites.
But, horse and greyhound racing received specific exemptions from the UIGEA. It ended up being a small controversy at the time, but several senators were able to ensure carve-outs for racing gambling. This set up the framework for your system we have now: valid online horse gambling.
The only catch is that the individual states have been given the choice to”opt out” of online horse racing. Several states took that path and the citizens of those states aren’t allowed to join or place wagers at horse betting websites. The fantastic thing is that only a small number of states decided to opt out.
The Way 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 very best way to get started would be to test out a number of the basic bets first. As you become comfortable with how it works, you can progress up to more complicated wagers.
Before we get into every kind of wager, I’d like to offer you a general overview of how the betting system functions with horses. Horse wagering is classified as a form 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 percentage of that pool to maintain for its income and operating expenses. This is known as the”vig.” This system makes sure that the racetrack earns its cash regardless of the outcome.
The percentage taken out of the pool fluctuates based on the path and variety of bet placed. 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 cash in the 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.
This is why favored horses provide lower payouts. More people tend to bet on the favorite, therefore when the favorite wins, the section of the pool delegated to that horse needs to be divided among more individuals. When a longshot horse wins, there tend to be fewer people financing that horse, therefore each person accumulates additional winnings.
Kinds of Bets
There are all kinds of different bets that can be placed on a single race. The rule of thumb is the more difficult the wager will be to triumph, the greater it pays. By way of example, a straight bet on a single horse to win pays pretty 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 3 different kinds of straight bets. These wagers are fairly simple and behave as a good starting point for newbies.
Win: This is a wager on a single horse to take 1st Location Place: A bet on a single horse to take 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 complex than straight bets. In an exotic wager, you create multiple picks that include more than 1 horse and maybe even more than 1 race.
Exacta: A bet on two horses to take 1st and 2nd location. Your horses must finish in that 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 order Daily Double: A wager in which you pick the 1st place finishers of two Distinct races
Pick 3: A bet in which you pick the 1st place finishers of three consecutive races
Select 4: A bet where you pick the 1st place finishers of four consecutive races Boxing Horses
Boxing comes in handy when you understand a few horses are strong favorites, but aren’t sure which order they’ll finish. You are able to”box” these horses to cover every possibility.
Quinella Box: You pick three horses and you’ll win if any two of these horses finish in 1st and 2nd place. A quinella box on horses #3, #4 and #5 would cover all probable 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 when you’ve got a strong feeling that one horse will finish first but you aren’t as sure about the horses that can take 2nd and 3rd place. To put it differently, you have one”key” horse chose to win the race and some other horses which will come in later that one.
So let’s say you create a $1 trifecta key of #1 over #2, #3 and #4. In this example, you want the #1 horse to win, and then some of the other three horses to finish in 2nd and 3rd place in no particular order.
Now that you have a grip on the fundamentals of horse betting, you can apply that knowledge to gambling on the internet. In practice, it is basically the same idea. The sole 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 first thing you’ll need to do to wager on the internet is register for an account at a legal horse racing website (see my three picks close to the top of the page). All you have to do is see the race betting site of your choice, click one of the large”join now” buttons and complete the new account type. It should be pretty self-explanatory.
The next step is to fund your accounts. 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 requesting you to deposit.
Then, you can choose from a number of deposit methods:
Credit cards and debit cards
Check or money order
Green Dot Moneypak
Notice: The Green Dot Moneypak is a type of prepaid voucher which you can buy at stores such as Wal Mart and Walgreens. You pay cash for the Moneypak and redeem that Moneypak online by typing in the special number on the back of the card. Basically, it’s an easy way to fund your account with money.
2. Place Your Bets
After you have an account funded with cash, you should begin placing your wagers. Click on the”bet today” button, which will take you to a region which shows a list of all the monitors supported by your betting site. Click on the title of a monitor and then you’ll see a listing of upcoming races along with the horses competing in every race.
Every betting site does it a little differently but in general, you will find a display that allows you to select your bet amount, the sort of bet and the horses which will be competing. As you make your selections, you should see a little slip that shows a summary of your current bet. You’ll also have the choice to box and key that your horses at this time.
When you believe you’ve got your wager all setup, you will see a”verify” or”submit” button near the wager outline 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 on the validate button and your bet will go live.
When you submit your wager, you can return and put more wagers, watch the race live on the site or go about your day as normal. The site will monitor your wager and pay your winnings if appropriate. If any one of your wagers are winners, the betting site will instantly credit your account with the cash. You may then cash your winnings out or use them to put more wagers.
The best horse gambling websites compete heavily with one another for your enterprise. All of them know it will not take much effort whatsoever for a client to switch to a rival. Thus, they all offer their own rewards programs and promotions in an attempt to boost customer loyalty.
You won’t go wrong with some of the horse gambling websites on this webpage, but you may want to check out their promotions to see which ones seem the best for you. Here’s a look at what every betting site must offer:
Right off the bat, BetAmerica gives all new clients a 100% match deposit bonus worth up to $300. This means that any amount you deposit will probably be accounted for up to $300 in additional money. The bonus money is released at a speed equivalent to 10% of every wager you place at BetAmerica.
BetAmerica additionally allows players to make their own betting tournaments. This is a unique idea in which you can produce your own handicapping tournament in which you define the buyin, required deposit, wager types, payouts and date. You can then invite your friends or let anybody connect. BetAmerica also chooses one tournament weekly and promises at least $250 in prizes for free.
On chosen”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.
TwinSpires requires a slightly different approach with its promos. Rather than focusing on long-term promos that rarely change, TwinSpires constantly releases new, short-term promotions. All these promos revolve around special betting events in which you can earn more loyalty points and also get payout bonuses for placing bets on big 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 entry to racetracks.
Additionally, new customers are welcomed to TwinSpires using a $100 signup bonus. This bonus is granted if you sign up, make a digital banking deposit and wager at least $500 during your first month. Meet those requirements and you’ll receive $100 added to your betting account.
TVG is a little weak on the promotions side, but it will 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 actual money account. For the first three 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 get 1 point for each dollar wagered. Over time, you will collect these points and can finally redeem them for cash rewards and Skymall present certificates. The rate of return is a bit on the low side, but it will come in handy after a few months of heavy gambling.
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 really 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 would be to win all 3 occasions in the Triple Crown. It is exceedingly tough to win a Triple Crown since each race is of a different period, and horses generally fare better at a certain lengths than in the others. Add to the fact which every horse just gets one chance ever to triumph, and you can imagine that it does not happen frequently. In the USA, only 11 horses have earned Triple Crown glory.
And simply to clarify a thing — the expression”Triple Crown” means different things in different nations. Every horse racing country has its Triple Crown series of occasions. Therefore, if you overhear someone talking about the Triple Crown and they mention that the Epsom Derby, that individual is talking about the UK’s version.
The following three events that make up the Triple Crown at the USA are:
When: First Saturday in May
Where: Louisville, Kentucky
Length: 1.25 miles
The first event in the series, the Kentucky Derby, is the single 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 if you can’t make it into Churchill Downs, the chances are you can get a Kentucky Derby party in your own city.
When: Third Saturday in May
Where: Baltimore, Maryland
Length: 9.5 furlongs (1 and 3/16ths kilometers )
After 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. This is also where you are going to start to find some of the drama that accompanies the possibility of a Triple Crown. All eyes are on the winner of the Kentucky Derby.
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 run three weeks after the Preakness and ranks somewhere in the top 5 with regard to attendance and viewership. However, this race becomes the largest of them 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 at the same racetrack in Louisville. The Kentucky Oaks is a very popular race that regularly attracts a crowd of 100,000. The winner gets a $600,000 purse and the famous garland of lilies known as the Lilies for the Fillies.
The Breeders’ Cup is a series of 14 races held over a single weekend every November. This event is generally held at a different track in the United States annually. It’s one of those 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 series is worth $500,000; every other occasion is worth $1 million or more.
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 just 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 segment will cover some of the big players in the US horse racing industry. More importantly, we’ll discuss some of the major betting websites 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 dedicated entirely to horse racing. It started broadcasting in 1999 and is now the greatest horse racing network in the United States. TVG also eases offtrack betting through the world wide web, telephone and sometimes even via boxtop sets on your television.
The television part of TVG shows live horse races, analyses, gaming tips along with other programs that cover the broad topic of horse racing. TVG also functions a US-based website that it is possible to see to watch 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 famous for its exchange-style betting system where people can buy and sell”shares” in places on sports bets. In this manner, gambling at Betfair is very similar to trading choices.
Betfair doesn’t conduct business with clients in the USA, but it retains TVG residing as a distinct entity. You likely won’t see any references to Betfair when you see TVG, but Betfair does possess the company.
TwinSpires is a US-based horse betting website owned and operated by Churchill Downs. TwinSpires is open to customers in the United States and supplies betting options on paths around the country. It’s a free-to-use service that offers a wide range of wagers, live races and signup bonuses to get new clients.
TwinSpires is among the biggest horse racing gambling websites and has a clean history. If you choose to wager here, you’ll be in good hands. The business is licensed to accept and handle real cash betting in the united states.
BetAmerica.com is the youngest horse racing game bet website but it has grown rapidly and now functions as a substantial player in the online gaming marketplace. BetAmerica is accredited from 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 a variety of racing wagers, live streaming video along with simulcast options for all members at no cost. What makes BetAmerica unique is that it provides online greyhound betting in addition to its own horse racing choices.
Online Horse Racing Gambling in a Declining Industry
Major horse racing events draw remarkable audiences to the day, however, the sport as a whole has experienced a gradual, steady decrease over the last few decades. Betting handle is down considerably since the 1970s and many horse racing tracks are suffering financially.
You can point to a variety of reasons for the decrease. Americans have more gambling options, other sports have increased in popularity, so it is a lot easier to sit at home and watch TV and so on. Today, you can find the general public to tune in to the Kentucky Derby, but other races tend to be the domain of critical horse racing lovers.
Racetracks first looked into incorporating other gaming games to their assumptions as a way to bulge earnings. We can see this with state legislatures finally opening into the idea of ontrack slot machines. The tracks that have been able to add slots have profited significantly from the new earnings.
Likewise, tracks are depending more and more on off-track betting — specifically online 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 from the UIGEA at 2006.
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