Orse racing is an ancient game with a rich history dating back thousands of years. 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 United States specifically, it is possible to find horse racing tracks in the majority of states. And needless to say, where there is competition, there will be people gambling on the result. Up until recently, all horse racing gambling took place at the monitor. The internet has changed everything and people can just as easily put 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 happen around the nation. If you reside on the West Coast and want to bet on a race that’s happening on the East Coast, there is no problem. Internet gaming brings the action to you.
The very best part of all is that it is all legal. Most nations in the united states permit online horse race betting. So as long as you don’t live in one of the few limited 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 the stakes pan out in real time.
Of the racebook websites listed on this page, all operate in accordance with the law in the USA. You do not need to see offshore gambling sites to wager on horses. Sites we recommend are all licensed and controlled to conduct business in the US.
The Legality of Online Horse Racing
Online horse racing gambling is legal in most states at the United States. Horse and greyhound racing both 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 gambling, but most Americans are free to bet on horses all they desire. You’re able to see the graph below for a list states that allow online horse betting, and those which DO NOT allow online wagering. If you live in one of these states, you are going to need to visit a monitor in person, or use a licensed off track centre. Everyone else is welcome to join up and wager at licensed and regulated online racebooks.
Why is online horse racing betting legal in the United States?
Online gambling law is murky and convoluted, but the general arrangement is that almost all types of gambling, gambling and gambling are outlawed. The Wire Act of 1961 was utilized as the basis for anti-gambling authorities, and then the UIGEA of 2006 further reinforced that line of thought.
Horse racing in particular has got two noteworthy exceptions in national law. First was the Interstate Horseracing Act of 1978 (IHA). Although the IHA was composed well before the advent of the world wide web, it’s played an instrumental part in providing us legal online horse racing gambling today.
In short, the IHA made it lawful to put interstate wagers on horse races as long as such betting is allowed in both states. This piece of legislation is why off-track betting parlors (OTBs) located in one state may take wagers on races occurring at a different state. Back after the IHA was written, it was with OTBs in 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 electronic media.” This opened up the door for authorized online horse racing gambling.
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 basically made it illegal to allow banks and other financial issues to conduct business with offshore gambling sites. This did not technically make it illegal for citizens to put bets online, but it instead made it rather difficult to transfer money to and from betting sites.
However, horse and greyhound racing received specific exemptions from the UIGEA. It was a bit of a controversy at the time, but several senators managed to make sure carve-outs for racing gambling. This setup the frame for the system we have today: legal online horse betting.
The only catch is that the person states were given the choice to”opt out” of internet horse racing. Several nations took that path and also the citizens of those states are not allowed to join or place wagers at horse gambling sites. The good news is that just a few states made a decision to determine.
The Way Horse Racing Betting Works
This is the primer manual for actually putting bets on horse races. The stakes outlined below could be placed both in-person and on the internet. The very best way to begin would be to test out some of the basic bets . As you become comfortable with how it all works, you can advance up to more complex wagers.
Before we get into each kind of wager, I’d like to offer you a general overview of how the gambling system functions with horses. Horse wagering is classified as a form of”parimutuel wagering.” This is a little different than sports betting, so read closely if you’re new to horse betting.
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 income and operating expenses. This is called the”vig.” This system makes sure that the racetrack earns its money whatever the outcome.
The percentage taken from the pool fluctuates depending on the track and type of bet placed. Generally, you can expect to observe a vig of anywhere from 15% to 30 percent.
Following the vig is removed, the rest of the cash from the swimming pool is used to cover the winners out. The payouts in a horse race change constantly up until the beginning of the race. As new wagers are accumulated, the provided payouts vary to account for the new betting action.
This is why favored horses offer lower premiums. More people tend to wager on the favorite, so when the preferred wins, the portion of the pool delegated to that horse needs to be divided among more individuals. If a longshot horse wins, there are inclined to be fewer people financing that horse, therefore every individual accumulates additional winnings.
Types of Bets
There are all types of different bets that may be placed on a single race. The general rule is the harder the bet is to win, the higher it pays. By way of instance, a right bet on a single horse to acquire pays pretty well, however a wager on the exact finishing order of the top 3 horses pays much better.
Here are the most common Kinds of horse bets:
There are three distinct kinds of bets that are straight. These wagers are pretty straightforward and behave as a great 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 shoot either 1st or 2nd place Prove: A wager on a single location to take 1st, 2nd or 3rd Location Exotic Bets
Exotic bets are more complicated than direct bets. In an exotic bet, you create multiple selections which include more than 1 horse and maybe even more than one 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 doesn’t matter
Trifecta: A wager on three horses to take 1st, 2nd and 3rd place in that exact sequence Superfecta: A bet on four horses to take 1st, 2nd, 3rd and 4th place in that exact sequence Daily Double: A wager where you pick the 1st place finishers of two different races
Pick 3: A wager in which you pick the 1st place finishers of three successive races
Select 4: A bet 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 are not 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 will win if any two of these horses finish in 1st and 2nd place. A quinella box horses #3, #4 and #5 will cover all probable outcomes: 3-4, 3-5, 4-3, 4-5, 5-3 and 5-4.
You can also box exactas, trifectas and superfectas in this manner.
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 can take 2nd and 3rd location. To put it differently, you’ve got 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, and then some of the other three horses to finish in 2nd and 3rd set in no specific order.
Now that you have a grip on the basics 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 sole difference is that rather than talking to a cashier in the racetrack, you select your wagers onscreen using your mouse and keyboard.
1. Produce and Fund Your Betting Account
The first thing you are going to have to do to wager online is register for an account at a legal horse racing site (see my three selections near the top of this page). All you need to do is see the race gambling site of your selection, click a few of the big”join now” buttons and fill out the new account type. It needs to be pretty self-explanatory.
The next step is to fund your accounts. You do this by logging in to your account at your gambling site and then hitting the”deposit” link in your account area. In case you’ve never made a deposit before, you’ll probably 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 form of prepaid voucher that you are able to buy at stores such as Wal Mart and Walgreens. You pay money 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 finance your account with money.
2. Place Your Bets
After you have an account funded with money, you should begin placing your wagers. Click on the”bet now” button, which will take you to a region that shows a listing of all of the tracks supported by your gambling site. Click the name of a monitor and then you’ll see a listing of upcoming races and the horses competing in each race.
Every betting site does it somewhat differently but generally speaking, you will see a screen that lets you pick your wager amount, the type of wager and the horses that are going to be competing. As you make your choices, you need to see a little slip that reveals a list of your current bet. You will also have the choice to box and key that your horses in this time.
When you believe you have your wager all set up, you will see a”confirm” or”submit” button near the bet summary box. Hit that button and it will ask you one more time if you’re sure that this is the bet you would like to place. If everything looks good, click the confirm button and your bet will probably go live.
When you submit your bet, you can return and put more wagers, see the race live on the website or go about your day as usual. The website will track your bet and pay your winnings if applicable. If some one of your wagers are winners, then the gambling site will immediately credit your account with the cash. You may then cash your winnings out or use them to place more wagers.
The best horse betting sites compete heavily with one another for your enterprise. They all know it doesn’t take much effort at all for a client to switch to a rival. Thus, they all offer their own benefits promotions and programs in an attempt to increase customer loyalty.
You won’t go wrong with some of those horse betting websites on this webpage, but you might want to check out their promotions to see which ones look the right for you. Here’s a look at what every betting site must offer:
Right off the bat, BetAmerica provides all new clients a 100% match deposit bonus worth up to $300. This means that some amount you deposit will be doubled up to $300 in additional cash. The bonus money is published at a speed equal to 10% of each wager you place at BetAmerica.
BetAmerica additionally allows players to create their own betting tournaments. This is a unique idea in which you can create your own handicapping championship where you specify the buyin, demanded bankroll, bet types, date and payouts. You may then invite your friends or let anyone 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, with no maximum cashback figures. You might 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. Instead of focusing on long-term promos that rarely change, TwinSpires constantly releases fresh, short-term promotions. All these promos revolve around special betting events in which you can earn 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 frequent promos mentioned above. You can redeem these points for wagering credits, gifts from Brisnet.com and for free entry to racetracks.
Furthermore, new customers are welcomed to TwinSpires using a $100 signup bonus. This bonus is given if you sign up, make a digital banking deposit and wager at least $500 during your first month. Meet those requirements and you will get $100 added to your betting account.
TVG is a little weak on the promotions side, but it will offer a few perks to customers. All new players qualify for a $150 signup bonus that is released in $50 increments directly to the real money account. For the first three months, you will receive $50 added to your balance if you wager at least $250 in any single month.
TVG also has an ongoing advertising where you get 1 point for each dollar wagered. Over time, you will accumulate these points and can finally redeem them for cash rewards and Skymall gift certificates. The rate of yield is a bit on the low side, however, it will come in handy after a couple of months of heavy betting.
Major Horse Racing Events
People gamble money on horses year-round, but a huge part of gambling 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 is restricted specifically to 3-year-old horses. That makes it a once-in-a-lifetime occasion for each and every racehorse.
The pinnacle of horse racing glory is to win all 3 events in the Triple Crown. It’s exceedingly difficult to win a Triple Crown because every race is of a different length, and horses generally fare better at some lengths than in the others. Add to the fact which every horse just gets one opportunity ever to triumph, and you may imagine it does not 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 different countries. Every horse racing country has its own Triple Crown series of occasions. So in the event that you overhear someone talking about the Triple Crown and they mention the Epsom Derby, this individual is speaking about the UK’s version.
The following three events that make up the Triple Crown in the USA 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 single most celebrated event in all of horse racing. It is held at Churchill Downs every year since 1875 and even non-horse racing enthusiasts dress up in flashy clothes and outlandish hats to celebrate. 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.
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 much of a crowd as the Kentucky Derby, but it is still a massive event in its own right. This is also where you are going to 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.
When: Three weeks 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 miles long, this is the greatest race in the series. This one is conducted three months 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, giving a horse a shot in the coveted Triple Crown title.
The Kentucky Oaks is held on the Friday prior to the Kentucky Derby annually in 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.
The Breeders’ Cup is a series of 14 races held across a single weekend every November. This event is generally held at a different track in the USA each year. It is one of the 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 will be a 1.25 mile race worth $5,000,000. The smallest event in this series is currently worth $500,000; each other event is worth $1 million or more.
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 has a purse worth $1,000,000. Only one horse in background (Whirlaway in 1941) has taken the Triple Crown and the Travers Stakes.
Big Players in the Industry
This segment will cover a number of the big players in america horse racing market. More specifically, we will go over some of the major betting sites and explain how they all fit into the big picture.
TVG and Betfair
TVG is short for the”Television Games Network” and it is a television network devoted solely to horse racing. It started broadcasting in 1999 and has become the greatest horse racing community in the USA. TVG also eases offtrack betting through the internet, telephone and sometimes even through boxtop sets in your television.
The television part of TVG shows live horse races, investigations, gaming tips along with other applications that cover the wide topic of horse racing. TVG also functions a US-based site that you can see to watch live races and place wagers in your own PC.
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 online sports bets. 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 separate entity. You likely won’t find any references to Betfair when you visit TVG, but Betfair does possess the provider.
TwinSpires is a US-based horse betting website owned and operated by Churchill Downs. TwinSpires is available to clients in the United States and provides betting options on paths across the nation. It’s a free-to-use service that offers a vast selection of wagers, live races and signup bonuses to get new customers.
TwinSpires is among the largest horse racing betting sites and has a clean history. If you decide to wager here, you’re going to be in good hands. The business is licensed to accept and handle real money betting in the US.
BetAmerica.com is the youngest horse racing game wager site but it’s grown rapidly and now acts as a substantial player in the online betting market. BetAmerica is licensed by the North Dakota Racing Commission and accepts wagers from customers in many US states.
Similar to the other race betting websites on this page, BetAmerica offers many different racing wagers, live streaming video along with simulcast options for all members at no cost. What makes BetAmerica unique is the fact that it offers online greyhound betting in addition to its own horse racing choices.
Online Horse Racing Betting in a Declining Industry
Major horse racing events draw impressive crowds to the day, but the game as a whole has experienced a gradual, steady decline over the last few decades. Betting handle is down considerably 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 grown in popularity, so it is easier to sit at home and watch TV and so on. Today, you can find the general public to tune into the Kentucky Derby, but other races are generally the domain of critical horse racing lovers.
Racetracks first looked into adding other gambling games to their assumptions as a way to bump up revenues. We can observe this with state legislatures eventually opening to the concept of ontrack slot machines. The paths which have managed to add slots have profited greatly from the new earnings.
Likewise, monitors are based increasingly more on off-track betting — especially online betting. The horse racing sector still holds substantial clout in politics, and that’s most likely 1 reason why horse racing received a carve-out from the UIGEA in 2006.
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