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 specifically, you can find horse racing tracks in most states. And of course, where there is competition, there’ll be people betting on the outcome. Up until recently, all horse racing gambling happened at the monitor. 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 are able to bet on races which take place across the country. If you live on the West Coast and need to wager on a race that is taking place on the East Coast, there is no issue. Internet gaming brings the action to you.
The very best aspect of all is that it’s all legal. Most states in the united states allow online horse race betting. So as long as you do not reside in one of those few limited states, you are able to bet for your heart’s content. You can even watch the races live in your own personal computer and see how the bets pan out in real time.
Of the racebook sites listed on this page, all operate in accordance with the law in the USA. You don’t have to see offshore gambling sites to bet on horses. Sites we recommend are licensed and controlled to do business in the united states.
The Legality of Online Horse Racing
Online horse racing betting is legal in most states at the USA. 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 from online horse betting, but many Americans are free to wager on horses they all want. You can see the chart below for a list states that allow online horse betting, and those that DO NOT enable online wagering. If you live in one of those states, you’ll need to pay a visit to a monitor in person, or use a licensed off track centre. Everybody else is welcome to join up and bet at licensed and regulated online racebooks.
Why is online horse racing gambling legal in the United States?
Online gambling law is murky and convoluted, but the general agreement is that almost all forms of gambling, gambling and poker are outlawed. The Wire Act of 1961 was utilized as the foundation for anti-gambling authorities, and then the UIGEA of 2006 farther strengthened that line of thought.
Horse racing in particular has receive two noteworthy exceptions in national 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 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 betting is allowed in both countries. This piece of legislation is why off-track betting parlors (OTBs) situated in 1 state may accept wagers on races taking place at a different state. Back when the IHA was composed, it had been with OTBs in mind.
Legislators updated 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 electronic media.” This opened up the door for legal online horse racing gambling.
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 for banks and other financial entities to do business with offshore gambling websites. This did not technically make it illegal to citizens to put bets on the internet, but it rather 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 bit of a controversy at the time, but several senators managed to make sure carve-outs for racing betting. This set up the frame for the system we have now: valid online horse betting.
The only catch is that the individual states have been given the option to”opt out” of internet horse racing. Several nations took that path and also the citizens of these states aren’t allowed to combine or place wagers at horse betting websites. The fantastic news is that just a few states decided 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 online. The very best way to begin would be to try out a number of the basic bets . As you become familiar with how it all works, it is possible to progress up to more complicated wagers.
Before we get into each type of wager, I’d love to give you a general overview of how the gambling system works with horses. Horse wagering is classified as a kind of”parimutuel wagering.” This is a little different than sports betting, so read carefully if you are new to horse gambling.
In parimutuel betting, all bets on a particular race are pooled together. The racetrack then sets aside a proportion of the pool to keep for its own income and operating expenses. This is known as the”vig.” This system makes sure that the racetrack gets its money regardless of the outcome.
The percentage taken out of the pool varies depending on the path and variety of bet placed. Generally, you can expect to see a vig of anywhere from 15% to 30%.
After the vig is taken out, the remaining portion of the cash in the pool is used to pay the winners out. The payouts in a horse race change constantly up before the start of the race. As new wagers are accumulated, the provided payouts vary into account for the newest betting action.
This is why preferred horses offer lower payouts. More people tend to bet on the favorite, therefore when the favorite wins, the section of the pool assigned to this horse needs to be split up among more people. When a longshot horse wins, there are inclined to be fewer individuals financing that horse, so every person accumulates additional winnings.
Types of Bets
There are all kinds of different bets which may be placed on a single race. The rule of thumb is the more difficult the bet is to win, the higher it pays. By way of instance, a straight bet on a single horse to win pays fairly well, but a bet on exactly the finishing order of the top 3 horses pays even better.
Here are the most Frequent types of horse bets:
There are three different kinds of straight bets. These wagers are pretty straightforward and behave as a good starting point for newbies.
Win: This is a bet on a single horse to take 1st Location Place: A wager on a single horse to shoot either 1st or 2nd Location Show: A wager on a single location to take 1st, 2nd or 3rd place Exotic Bets
Exotic bets are somewhat more complicated than direct bets. In an exotic bet, you create multiple picks that include more than one horse and maybe even more than 1 race.
Exacta: A bet on two horses to take 1st and 2nd place. Your horses must finish in this Specific order to win Quinella: A bet on two horses to take 1st and 2nd but the order does not matter
Trifecta: A bet 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 Specific sequence Daily Double: A bet where you pick the 1st place finishers of two Distinct races
Pick 3: A bet where you pick the 1st place finishers of three consecutive races
Select 4: A bet in which you pick the 1st place finishers of four consecutive races Boxing Horses
Boxing comes in handy when you know a few horses are solid favorites, but are not sure which order they’ll finish. You are able to”box” these horses to cover every chance.
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 probable 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.
It is possible to key horses whenever you have a strong feeling that a horse will finish first but you aren’t as certain about the horses that will take 2nd and 3rd location. In other words, you’ve got one”key” horse chose to win the race along with a few other horses which 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 example, you want the #1 horse to win, then some of those other three horses to finish in 2nd and 3rd place in no specific order.
Now you have a grip on the fundamentals of horse betting, you can apply that knowledge to gambling online. In practice, it is basically the exact same idea. The sole difference is that instead of talking to a cashier at the racetrack, you choose your wagers onscreen with your mouse and keyboard.
1. Produce and Fund Your Betting Account
The first thing you’ll need to do to bet online is register for an account at an authorized horse racing website (visit my three selections close to the top of this page). All you need to do is visit the race betting site of your selection, click a few of the large”join now” buttons and fill out the new account form. It should 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 in 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:
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 purchase at stores like Wal Mart and Walgreens. You pay cash for your own Moneypak and then redeem that Moneypak online by typing in the special number on the back of the card. Essentially, it’s a simple way to fund your account with cash.
2. Place Your Bets
As soon as you have an account financed with money, you can start placing your wagers. Click on the”bet today” button and this will take you to an area which shows a listing of all the tracks supported by your betting site. Click the name of a track and then you’ll see a list of upcoming races along with the horses competing in each race.
Every betting site does it somewhat differently but generally speaking, you will see a screen which allows you to pick your wager amount, the sort of bet and the horses which are going to be competing. As you make your choices, you need to see a bit slip that shows a summary of your current bet. You’ll also have the choice to box and secret that your horses in this time.
When you think you’ve got your bet all set up, you will see a”verify” or”submit” button near the bet summary box. Hit that button and it will ask you one more time if you’re convinced this is the bet you wish to place. If everything looks good, click the confirm button and your bet will probably go live.
After 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 monitor your wager and pay out your winnings if appropriate. If some one of your wagers are winners, the gambling site will instantly credit your account with the cash. You can then cash your winnings out or use them to place additional wagers.
The very best horse gambling websites compete heavily with one another for your enterprise. All of them know it doesn’t take much effort whatsoever for a customer to switch to a rival. Thus, all of them offer their own benefits programs and promotions in an attempt to boost customer loyalty.
You won’t go wrong with any of those horse gambling sites on this page, but you might want to check out their promotions to see which ones look the best for you. Here’s a look at what each gaming website has to offer:
Right off the bat, BetAmerica provides all new clients 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 released at a rate equal to 10% of each bet you place at BetAmerica.
BetAmerica also allows players to make their own gaming tournaments. This is a unique idea in which you can produce your own handicapping tournament in which you define the buyin, demanded bankroll, wager types, date and payouts. You may then invite your friends or let anyone connect. BetAmerica also picks one tournament every week and guarantees at least $250 in prizes at no cost.
On selected”bonus tracks,” BetAmerica provides 3% cashback on all wagers, without the maximum cashback figures. You might also refer friends to BetAmerica and receive $50 when your friends sign up and make a deposit.
TwinSpires requires a slightly different approach using its promos. Instead of focusing on long-term promos that seldom change, TwinSpires always releases fresh, short-term promotions. 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 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 entry to racetracks.
Furthermore, new clients are welcomed to TwinSpires using a $100 signup bonus. This bonus is granted if you join, make an electronic banking deposit and wager at least $500 during your first month. Meet those requirements and you will receive $100 added to your gambling 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 is released in $50 increments right to the actual money account. For your first three months, you will get $50 added to your balance if you bet at least $250 in any single month.
TVG also has an ongoing advertising where you get 1 point for every dollar wagered. As time passes, you may collect these points and will finally redeem them for money rewards and Skymall gift certificates. The rate of return is a little on the low side, however, it does come in handy after a couple of months of heavy betting.
Major Horse Racing Events
People bet money on horses 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 at the Triple Crown. It’s exceedingly tough to win a Triple Crown because each race is of a different length, and horses typically fare better at some lengths than in the others. Add to the fact that every horse just gets one opportunity ever to win, and you can imagine that it doesn’t happen frequently. In the United States, only 11 horses have made Triple Crown glory.
And just to clarify something — the term”Triple Crown” means different things in various countries. Every horse racing nation has its own Triple Crown series of events. Therefore, in the event that you overhear someone talking about the Triple Crown and they mention 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:
When: First Saturday in May
Where: Louisville, Kentucky
Length: 1.25 miles
The very first event in the show, 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 fans dress up in flashy clothes and outlandish hats to observe. Even if you can not 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 kilometers )
Following the Kentucky Derby comes the Preakness. This one does not draw as much of a crowd because the Kentucky Derby, but it’s still a massive event in its own right. Additionally, this is where you’ll 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.
After: 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 miles long, 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. But this race becomes the largest of them whenever there’s a horse that has taken 1st at the Kentucky Derby and Preakness Stakes, giving that horse a shot at the coveted Triple Crown title.
The Kentucky Oaks is held on the Friday before the Kentucky Derby each year in the same racetrack in Louisville. The Kentucky Oaks is a very common race that regularly attracts a crowd of 100,000. The winner gets a $600,000 purse and the famed garland of lilies called the Lilies for the Fillies.
The Breeders’ Cup is a set 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 is one of the 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 is a 1.25 mile race worth $5,000,000. The smallest event in the show is worth $500,000; each other event is worth $1 million or more.
The Travers Stakes is the oldest thoroughbred racing event in the United States and is currently 1.25 miles in length. The race is open to 3-year-olds only and has a handbag worth $1,000,000. Just 1 horse in background (Whirlaway in 1941) has taken the Triple Crown and the Travers Stakes.
Big Players in the Industry
This section will cover a number of the huge players in the US horse racing industry. More importantly, we’ll discuss some of the important betting sites and clarify how they fit into the large picture.
TVG and Betfair
TVG is short for the”Television Games Network” and it’s a television network devoted entirely to horse racing. It began broadcasting in 1999 and is now the greatest horse racing community in the USA. TVG also facilitates offtrack betting through the internet, telephone and at times even through boxtop sets on your tv.
The television part of TVG shows live horse races, analyses, gaming tips along with other applications that cover the wide subject of horse racing. TVG also operates a US-based website which it is possible to visit to see live races and place wagers in your own PC.
In 2009, TVG was purchased 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 places on sports bets. In this manner, gambling at Betfair is similar to trading options.
Betfair doesn’t conduct business with customers in the United States, but it keeps TVG residing as a distinct thing. You probably won’t see any references to Betfair when you visit TVG, but Betfair does possess the company.
TwinSpires is a US-based horse betting website owned and operated by Churchill Downs. TwinSpires is available to clients from the United States and supplies betting options on paths around the country. It is a free-to-use service that supplies a vast selection of wagers, live races and signup bonuses to get new clients.
TwinSpires is among the biggest horse racing gambling sites and has a clean history. If you choose to wager here, you’ll be in great hands. The company is licensed to accept and manage real money betting in the US.
BetAmerica.com is your youngest horse racing game wager website but it’s grown quickly and now functions as a significant player in the online gaming marketplace. BetAmerica is licensed by the North Dakota Racing Commission and accepts wagers from clients in many US states.
Like the other race gambling sites on this webpage, BetAmerica delivers many different racing wagers, live streaming video along with simulcast options for all members at no cost. Why is BetAmerica unique is 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 remarkable crowds to this day, but the game as a whole has experienced a slow, steady decrease over the past couple of decades. Betting manage is down considerably 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, it’s easier to sit and watch TV and so on. Now, you can find the public to listen in to the Kentucky Derby, but other races tend to be the domain of serious horse racing lovers.
Racetracks first looked into incorporating other gaming games to their premises as a way to bump up earnings. We can observe this with state legislatures finally opening into the idea of all ontrack slot machines. The tracks which have been able to add slots have benefitted greatly from the new income.
Likewise, monitors are based more and more on off-track gambling — especially internet betting. The horse racing sector still holds substantial clout in politics, and that is probably one reason why horse racing obtained a carve-out in the UIGEA in 2006.
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